August 3, 2024 • 41 mins
Nichole Lewis joins Tim Beveridge on The Weekend Collective to chat about how she picked herself back up again after losing everything in the 2008 recession.
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Speaker 1 (00:05):
You're listening to the Weekend Collective podcast from News Talks.
It'd be.
Speaker 2 (00:11):
By Mott.
Speaker 3 (00:15):
Getting by, so I'm checking it. No giving, just use
your bue and then never give you credits enough the
time for service and emotion. You won't play that we
the servi exmotion, won't you move by? The boss won't
(00:40):
seem to let me swear sometime they let you watch.
Speaker 4 (00:53):
And welcome back to the show. I'm Tim Bevers. This
is a Weekend Collective and this is the one ref
radio show. We want your calls. We'd love your participation
on one highten eighty. You can text on nine to
two nine two. We're not gonna worry about giving out
my email. Let's call or text and this is your
chance to get involved with the show. And we've got
a new guest on the show today. And in fact,
(01:15):
it's difficult to know how to describe it, but she
is someone who has made a lot of money and
property and she's lost a lot of money and property.
She's learned quite a few tough lessons and she's rebuilt
her property career as well. And I think that that's
actually one of the biggest challenges that sometimes people face
it's easy to give something out crack for the first time,
but if it doesn't work out, how do you pick
yourself up? And her name is Nicole Lewis and she
(01:37):
joins me now in the studio getting Nicole, how are
you going?
Speaker 5 (01:39):
Hello?
Speaker 2 (01:40):
Hello, I'm very great, Thanks for having me.
Speaker 4 (01:41):
Yeah, because I did a bit of reading about your
background and you have been through some highs and some
lows in terms of your experiences in the property market. Look,
just so the audience can get to get to know
a bit about you. Yeah, what's been your journey in
the property market.
Speaker 2 (02:01):
Yeah, yeah, it looked low is really great.
Speaker 4 (02:03):
Actually, just quickly, I'll just get you to bend that
microphone down and so it's just yees. So I should
have saw that before, right there, we go there.
Speaker 2 (02:10):
Well, I think I think one of the key things
is my husband. My husband, I've been married for twenty
two years. And when we got married, he said, oh, look,
it doesn't matter if we live in a mansion or
a tin shed, you know, either way, I love you.
Speaker 4 (02:22):
Well that's sweets.
Speaker 2 (02:22):
Well it is, but I laugh now because little did
he know the tin shed was going to be a reality.
And yeah, that's what happened. We lost it all and
I mean what.
Speaker 4 (02:35):
They share as much as you like, but what was
it all and how did you lose it?
Speaker 2 (02:40):
Yeah? Very good question. So we started. I started in
property sort of full time as such, in about two
thousand and four. I think my daughter was on the
way at the time. I didn't really know what I
was doing, so I just bought property and you know,
did some property flips and held property and a portfolio.
Had no idea. And back then they used to always,
(03:02):
they being mortgage brokers and people who teach you about property,
would say, leverage, leverage, leverage, and have everything negative.
Speaker 4 (03:09):
Cash flow, yes, yes, yes.
Speaker 2 (03:10):
So you can get great tax returns. And I thought, oh, yeah, okay,
so everything's negative. And then of course two thousand and
eight rolls along and the global financial crisis hits and
property goes through the floor, and suddenly all this negative negative, negative,
It's like, oh, where am I going to get the
money from to pay thousands and thousands of dollars and
(03:30):
mortgages every month? And back then it was like, well,
newwhere is where that money is coming from?
Speaker 4 (03:36):
So that's how you lost it. Basically, the cost of
money went through the roof the income went down and bingo,
It's funny you mentioned two thousand and eight, and I
didn't realize it was so recent that there were tough times.
Because since I've been hosting a property show, which is
only I don't know how many years actually now, but
it's only three or four to two, three or four
something like that, it seems that a lot of the
(04:00):
most of the talk until recently has been what a
no brainer it is. And and I also have a
good friend of mine who has done very well in property,
and he's fortunately he's managed his portfolio well enough, but
he was hanging on by the thread of his teeth
and then made a great deal of money. But it's
not I think the message, which is possibly a dangerous
(04:24):
message sometimes is people have got the impression over well,
maybe recently it's toughened up, but especially the last few years,
that property is just the no brainer, fail safe investment.
But your experience tells otherwise, doesn't it.
Speaker 2 (04:39):
Well, it is if you do it right right, But
if you don't know what you're doing, which I didn't,
and you listen to the wrong people, which I did,
then it's very easy to go wrong. And the other
mistake I made is I always try to do everything
like pull it a gate. So it's like why I
learn to walk when I can run do everything in
a million miles an hour. And I've learned that property
(05:00):
is a marathon, not a sprint. You've got to do
it slow.
Speaker 4 (05:03):
What was your first property investment?
Speaker 2 (05:07):
Oh god, I've got to really think back.
Speaker 4 (05:09):
Is that one of those things? Of course it's in
it ended up not going so well. You sort of
cancel the details.
Speaker 2 (05:15):
That probably is.
Speaker 4 (05:16):
But what made you do it? Do you remember what
made you do it? Because I think you said before
you were pregnant when you got your first property.
Speaker 2 (05:22):
Well, I mean I'd bought my first property in my
own house many many years ago, and I think what
made me do it was the recessive gene, you know,
like my grandparents bought me up and they were very
much Well, you worked till year sixty five, you buy
your family home, you pay it off, you stay in
the same job forever, and when you retire you can live.
And I thought, oh god, really, so you know, there's
(05:45):
got to be a better way than that. So I
sort of read books, and you know, let's talk to
people who are wealth and they all bought property. Yeah,
so I thought to myself, well, if I can buy
ten properties and then pay them down, then in a
few years time, I can sell off five keep five
and I'll be rich.
Speaker 4 (06:02):
But in a way, I mean, do you think then
that something in that that it paid not to think
about it too much? Because I think you can. The
other side of the scale is you can think about
something so often for so long that taking action becomes oh,
I don't know, it becomes harder and harder because the
more and more you learn, you also learn about the
downsides and the upsides, and you think, but what if?
(06:23):
But what if? What if? But what if? And never
do anything?
Speaker 2 (06:25):
Oh, you're totally right. There's three types of people and property.
Speaker 4 (06:28):
You know.
Speaker 2 (06:28):
There's what I was, which was a let's just jump
in and worry about the detail later, which can trip
you up. And then there's the analysis to paralysis, like
you've just mentioned, I never do anything. And then there's
the people in the middle, where we all should be,
who actually take calculated risk. They dig risk by learning
what they're doing, and then they buy via the numbers,
not buyer emotion. That's how you get ahead.
Speaker 4 (06:51):
How did well the other thing is as well as
disappointment and failure can often lead to a fear of
repeated failure. I guess. And it's one thing to get
into something for the first time and succeed or whatever.
But you who got knocked down, and you can imagine
there be a lot of people who would never get
back into that fight because they're like, I did that once.
(07:12):
Stuff that. How did you find it within you to
get cracking again?
Speaker 2 (07:17):
It was a very good question. When I didn't get
knocked down. I got knocked out, man, No, you one
hundred percent correct. Have my kids but a little at
the time, they were sort of two and three, and
I sort of looked at it, thinking, well, I've got
to be an example to them. I was stressed. I'd
feel physically sick going to the ATM to go Have
I got any money or not? Goodness, we lived off
baked beans, like my book opens with, you know, is
(07:39):
it baked beans dinner again, mum? Because it's like that's
what we could afford.
Speaker 6 (07:43):
You know.
Speaker 2 (07:43):
It was really stressful times, and I thought, well, I
don't want that sort of life. And I tend to
look at things. I've always been a glass half full
kind of girl. And I looked at it thinking, well,
I think it's great to make mistakes because mistakes are
an opportunity to learn. And I thought, well, I've just
made enough mistakes to have the lessons of a lifetime.
(08:05):
Knew what to do, I knew what was good and property,
and I knew what not to do. So number one
was I had to get my mindset right. It's okay,
come on, let's you can do this. Let's get the
mindset right and determination and let's start again.
Speaker 4 (08:18):
Well that's easy said than done, isn't it, Because human
emotions can be overwhelming, and that ability to actually step
aside from that and be a bit methodical, perhaps is
it about working things out?
Speaker 2 (08:30):
You're one hundred percent correct. It is far easier said
than done. And I mean, I've studied psychology, I've studied
new neurolinguistic programming, so it's probably a little bit lucky.
And that I understood it. Like the little voice inside
your head, and we all have one. You know, we're
not insane. It does put us either up or down,
and so mine certainly put me down in those times,
told me how useless I was everything, So I had
(08:52):
to make a conscious effort to turn it all around
and to go, no, look at what you've learned, start again.
And I did it shoveling.
Speaker 4 (09:00):
Horsepoop literally literally some explain.
Speaker 2 (09:06):
So we'd lost the family home and we moved into
a rented home and through a friend of a friend,
and that home came with a horse, and I started
to think, well, hang on, I can make some money
by shoveling horse poop. So literally, i'd run around as
she quite enjoyed. It was good thinking time. I'd go
and I'd shovel pooh, I'd stick it in the wheelbarrow.
(09:29):
The next door neighbor had horses. I asked if I
could have her horse feet somewhere New Yeah, and I did.
I tied them new up, I tied the bags up,
I dragged it to the top of the drive and
I'd sell them for two dollars a bag and tea.
Was very exciting when I'd come home and someone had
bought them and New were like, oooh, I've made six dollars.
Speaker 4 (09:46):
Because to me, what that is sounds like you just
put one foot in front of the other. You just
got to keep moving. You can't, I mean you could.
You must have wallowed at some stage in disappointment when
it all fell apart.
Speaker 2 (10:01):
Only for eighteen months.
Speaker 4 (10:02):
Okay, gosh, okay, hey, by the way, we'd like to
hear you have your calls on O E one hundred
and eighty ten eighty. We're going to dig into the market
a bit more. But at the moment we've got a
new guest on the show, Nicole Ours when we're hearing
about herb sort of path from success to failure to redemption, etc.
But also if you have a story that you'd like
(10:25):
to share with us about what made you get into
the property market and the mistakes you've made or how
you picked yourself up again, because I think especially those
are lessons that we can all learn from all the
time in life. Because unless you're one of those blessed
people who chooses a career and just makes an amazing
success of your life, then you're one in a million.
Probably it's getting over those disappointments that, really, I guess
(10:47):
is the key, Isn't it true?
Speaker 7 (10:48):
True?
Speaker 2 (10:49):
I mean, look, it happens to all of us now,
and you're right, it's how you get up.
Speaker 4 (10:53):
So what was the first thing you did your first
foray back endo property then, and how did you feel
at the time that you did it?
Speaker 2 (11:01):
Yeah. Look, I think you've got to always celebrate your success.
So whenever you have a small wind, celebrate it. And
I certainly did that in my shoveling horse manure days.
And I thought to myself, you know what, if I
can make some money with nothing, because horse manure costs
you nothing, then surely I can make some money with
nothing and property. And I knew how to do that.
I'd done no money deals before, so I thought, there's
(11:23):
nothing stopping me. I've have to just find someone who
will take me on, employ me as such, and go
out there and look for property. That's what I did,
and I did my first no money property finding correct. Yeah,
I made two thousand dollars and man was I excited.
Speaker 4 (11:39):
So someone was looking for an investment property correct?
Speaker 2 (11:41):
Correct?
Speaker 4 (11:42):
And how did you convince someone that you were the
right person to do that job? Did you sort of
say what you'd learned through the mistakes you've made, or
how did you do that?
Speaker 2 (11:53):
I think back then it was more a little bit
of fake it till to make it. I don't think
I ever came up with my mistakes until I was
successful again. But I knew what I was doing, so
I'd convince them based on my numbers, convinced them based
on my experience. That went right, So it's very good.
Before we lost all our money, I could honestly say
I'd never lost any money in a property flip, which
(12:15):
was true.
Speaker 4 (12:15):
See some of my audience. The word flip is like
another four letter word because flipping has And now when
you talk about flip, because the headlines you would often
read in the paper if someone's bought a property somewhere
and three weeks later they've just sold it for a
hell of a lot more money, which to me is
they went to the casino in a way. And I
imagine there could have been stories when the market turned
(12:36):
of the person who bought something thinking they're going to
sell it for fortune, who lost their dough. But what
is what's the flipping that you talk about?
Speaker 2 (12:43):
So what I do is I particularly like a house
that is unliveable. You know, it's just in a diabolical state,
practically falling down, but cosmetic only.
Speaker 4 (12:56):
So in other words, moldy, uninsulated jibs falling apart, correct
torn wallpaper, but kitchens falling apart, but the bones are there.
Speaker 2 (13:06):
Correct, Yeah, that's correct. I mean I've had ones there's
big holes in the floor, the someone stolen the whole
water cylinder, the whole place is flooded.
Speaker 4 (13:14):
You know, well that sounds yeah, okay, one sounds pretty bad.
Speaker 2 (13:17):
Oh terrible. I had one where the kitchen had a
gas tank and it hooked up to the stove directly,
so it was, yeah, terrible.
Speaker 4 (13:28):
And so you like those because they appear to be
really awful, but the fixing of them isn't as hard
as a novice might think or.
Speaker 2 (13:38):
How would we yeah, correct, Like a home buyer won't
buy them, they can't afford to do them up, but
they're a good house. So you buy it, you do
it up, you turn it into something absolutely amazing. And
then you take a tired rundown house and you turn
it into a glorious home for a homeowner and a
family to live in for years. That's what I love
to do.
Speaker 4 (13:56):
And how long does it take you to do that generally.
Speaker 2 (13:58):
Depends on the size of the house, but usually three
to four weeks.
Speaker 4 (14:02):
So I'm guessing you have a team of people who
you can pick up the phone and go, got a job.
Get your team here. It needs a B C d
EFG up to x y Z correct correct.
Speaker 6 (14:12):
Okay.
Speaker 4 (14:13):
So that's another thing, isn't it knowing you've got people
you can call on who will get rolling into.
Speaker 2 (14:18):
It one hundred percent. I mean, I've got an absolutely
fantastic team of trades people. But you know the key
thing with trades people who pay them the day they
give me their bill, I pay it. Yeah, and so
many people don't do that.
Speaker 4 (14:29):
That is such a good. That is such a good,
and it seems so obvious, doesn't it. I mean, I'm
not a property investor. I've got my own home, but
as soon as I get the bill from a trades person,
I pay them bingo straight away because you know, I
might need them again for something else at some stuff.
I don't know. It's just to be honest to me,
if you can afford. It's just ethics, isn't it.
Speaker 2 (14:49):
It's amazing how many people don't or they fight over
something nigli, but in trades people are worth their weight
in gold. My team are amazing.
Speaker 4 (14:59):
Okay, Well, we'd love to. If you've got any questions
from the call us, then give us a call. One
hundred and eight, ten and eight. We're going to get into.
I'm going to keep exploring her secrets to what makes property?
How do you actually get into property and make it
work as an investment? But also are we going to
touch on a recent story in the the one I'm
reading as a New Zealand Herald, which talks about the
(15:21):
amount of debt you might have to go into if
you are buying an investment property and is it really
worth it? Does in my simple question of written my
notes is does the equation for property investing? Does it suck? Now?
Was the right way I write it for myself. So
we're going to explore that little further based on the
current market. Eight hundred and eighty ten eighty is the number.
(15:41):
And actually, if you're looking at property investing, what's going
to make you get into it? Or do you look
at that equation and think, oh, it's got to improve.
Maybe I'll barden my time. I read one hundred and
eighty ten eighty. You can text me on nine two
nine two and we'll be back in just a moment.
On Tim Beverage. This is a weekend collective The One
Roof Radio Show over to you twenty two past four.
(16:27):
Welcome back to the One Riffradio show. My guest is
Nicole Lewis. She's she's made it all, she's lost it all,
and apparently she's not made at all. I don't know
what it all would be, but anyway, Nicole Lewis is
my guest. By the way, Nicole, you wrote just before
we go to our calls, we've got a few people
lining up to get your advice and have a chat
about property. You've also written a book called Property Quadrants.
(16:47):
I think it was is that quadrants thing based on
the is it Kiyosaki? Robert Kiyosaki, the sort of anyway
you can talk now.
Speaker 2 (16:56):
Look, I'm a big fan of Robert Kyosaki. I love
his cash flow quadrants. Initially it was I was reading
his one of his cash flow quadrants books and I thought,
you know what this applies to property. So it took
me a few years to come up and perfect the concept.
But one hundred property fits into four quadrants. Two of
them make you poor and two of them make you rich.
It's just a case of knowing which is which.
Speaker 4 (17:17):
That sounds like the holy grail of a property investing. Right,
Let's take some calls, let's get right into it and Sylvie. Hello,
hang on a second, We've just got a technical thing.
I'll just check that we've got the right and button
pushed and Sylvie try again.
Speaker 7 (17:30):
How are you going? Tom and the Cold?
Speaker 4 (17:32):
Good? Thanks?
Speaker 6 (17:33):
Hello?
Speaker 4 (17:35):
Where you go, Sylvie? You can chat away where you're
on here you can actually talk heah, where you go?
Speaker 8 (17:41):
You.
Speaker 7 (17:41):
I just wanted to say, I'll be following the Cold
story for a long fight. Super super impressed with her
books and then the way she sort of organizers and
strategizes with her her property portfolio. I'm also property bit
of a small time property rental property owner as well. Yeah,
(18:05):
I just wanted to say, I think that after having
some experience with you know, the new build properties and
getting in with you know, the really hard done, worn
out properties that no one would take on, I would
take on one of those any day. Just I think
there's also a sense of psychological that you get from it.
Speaker 2 (18:24):
Yeah, definitely.
Speaker 4 (18:26):
How do you take something on knowing that the bad
appearance and the cosmetic sort of problems don't reveal a
really big problem you don't know about, Sylvie.
Speaker 7 (18:36):
Well, I think Nicole's onto it with having the right
team of people to back you, and I think You
also need to have a little bit of experience, probably
doing your own bit of DIY and not be afraid
to roll up your sleeves and maybe not spend the
whole time renovating. But you know, you need to kind
of have some experience.
Speaker 4 (18:55):
You need to know what it looks like to screw
on some gerb. Is that what you're saying?
Speaker 7 (18:59):
Yeah, I think so. Yeah, So I don't know what
Nicole thinks. I actually just have to confess something. I
have known Nicole for a really long time. In fact,
I was the little girl that an Evandale bounced on
the trampoline with college. She was like a big sister
to me. I don't know if she remembers me, but
she's just.
Speaker 4 (19:17):
Got that expression where she's the penny has dropped.
Speaker 2 (19:21):
In Sylvia next door Rosalie and Trevor's daughter.
Speaker 7 (19:25):
Yes, and they are just absolutely buzzed that you have
done so well after seeing you grow up and you know,
into the amazing person you are. And yeah, I just so.
I actually Tim was going to text you last weekend
and say you must get Nicole on and it's just
your fortuitous timing.
Speaker 4 (19:46):
The timing is nice to hear from your Sylvie, it's
really exciting to god stuff.
Speaker 7 (19:52):
Thanks.
Speaker 4 (19:53):
Okay, you guys love me to make those connections again.
Actually that does trigger a question for me, though, what
sort of I hate the expression due diligence because it's
it's almost a phrase that go because it sounds so
corporate and boring, but it means checking out yeap things
so you don't get caught by any nasty surprises. I guess,
how do you assess a property that looks like it's Look,
(20:17):
there's a bit of work we can turn around in
three or four weeks as opposed to turns out to
be Oh my goodness, the piles needed to be doing
We had to do X one Z and it was
just a disaster.
Speaker 2 (20:26):
Look, very very good. Question one is I have a
pretty good idea from experience, So you can pretty much
guarantee when you rip out a kitchen you're going to
have rotten there, You're going to have to replace the nogs.
You can pretty much guarantee the same thing from the
bathroom and somewhere you're going to have rotten flooring. So
it really priced those unexpected in because they're going to
be there. And the other thing I do is just
before I go unconditional on a property, I get my
(20:49):
builder to go and check just to make sure I
haven't missed anything.
Speaker 4 (20:53):
Okay, so you know what you're looking for. But then
you go, hey, mate, you need to go and have
look at this house. Back to go on conditioning.
Speaker 2 (20:58):
Climb up into that ceiling because I don't want to,
and make sure the load bearing walls are exactly as
we think, and crawl under the house like I've already done,
and just double check that I'm right that there's nothing.
Piles are easy. I mean usually the house it's you
feel like you're walking downhill when you go in a room,
so you know they're shot.
Speaker 4 (21:15):
Yeah, would you take on a property that had to
have that done?
Speaker 2 (21:18):
I always say never, say never.
Speaker 4 (21:20):
But that would be a negative, that would.
Speaker 2 (21:22):
Be well, it's a case of can I buy it
for the right price, because things like a re roof
and a repile they don't add any value to the
house because people think they should be done anyway, but
they had added a lot of cost.
Speaker 4 (21:33):
Okay, right, okay, let's take some of course, I've got
lots of questions for which I'm starting to write down
the south because well that's the way it works, right,
But we'll take the calls next.
Speaker 5 (21:44):
Paul, Hello, there's are going. Yeah. I got into properly
thirty five years ago when there was it was just
slowly taking taking off on the rentals at that time, Boucci,
all of them that we saw were all doer uppers.
We had a real estate agent that used to try
(22:04):
and you know, if he couldn't sell them, you've come
to us and sell them, sell them to to to us.
We nearly went went bankrupt once because one of the
properties we bought was a real major doer. Even my
mate he you know, because I went halves were made
(22:27):
of my when I was coming to buy that. When
we had to buy the property, we had to use
mortgage brokers to get the loans. The loans, I don't
think the loans weren't as easy to get then as
they are. And and now you know you could buy
houses for one hundred to one hundred and fifty thousand
and that that that that time, you know they were.
(22:51):
But now I'm really pleased I got into it because
I'm retired. All my properties are freehold. I've got an
income of over two thousand dollars a week.
Speaker 4 (23:02):
Have you just run up run the sky. Have you
just run up to run up to scope for well?
Speaker 5 (23:08):
You know, I think there is a learning thing. But
it is good to to if you can, if you've
got somebody that knows about it too, you know, to
to get it, get it, get it, get into it
as well. You know.
Speaker 4 (23:21):
Are you are you still involved in it? Are you
just sort of sitting out?
Speaker 5 (23:26):
Yes, it is on my properties that one of my
properties take you know, becoming there's one house and it's
got four properties in one house, and and then that
takes over two thousand dollars a week. And I've got
no mortgages on the The way I paid it off
so quickly was I The way I paid off so
(23:47):
quickly was I sold one of my rentals. And you
can't put the money on total money. And I was
just paying one thousand dollars a week week off it.
Because you pay no.
Speaker 4 (23:59):
At all.
Speaker 5 (24:01):
Paying a thousand dollars.
Speaker 4 (24:04):
You're not really calling for vice, then, I Paul.
Speaker 5 (24:06):
No, No, I'm just saying that it's a good thing
to get into.
Speaker 4 (24:09):
Good on you, hey, good to hear from you. Have
you got any thing to add there?
Speaker 2 (24:13):
I think I totally agree with you. Paul, and I
also think you've hit one of the good nuggets of
gold there. Multi income properties is definitely the way to go.
We'll talk about that a bit more.
Speaker 4 (24:23):
Actually tell about it now. Because he said one house,
four incomes. I think that's what he said. What's that?
Speaker 1 (24:29):
So?
Speaker 2 (24:30):
I talk about investing in the property quadrants, and quadrant
four is the passive income quadrant where you make passive
income immediately. So therefore, the way to make that work
is to actually buy a property that's multiple incomes. Not
just go buy your three bedroom, one bathroom house that
gives you one income and it all. People will say
that's a four percent yield, which will be gross. It'll
(24:51):
be two percent net, which will cost you an arm
and a leg. That's quadrant too. That's how you become
cash poor.
Speaker 4 (24:56):
Is that what we're talking about in that what I
mentioned before about the way the property market is okay, good,
carry on.
Speaker 2 (25:01):
So what you've actually got to do is buy by
the numbers and go for usually a block of units.
When I say a block, it could be two, could
be three, could be four. And then you've got multiple
incomes coming in from that same property. And that's how
you actually get at cash flow positive from day one,
so you're putting money in your pocket rather than taking
it out.
Speaker 4 (25:19):
Is the equation for those multi unit sort of properties.
Is that quite different to the buying one property.
Speaker 2 (25:25):
And totally totally different? You know, they're two completely different quadrants?
Speaker 4 (25:29):
Why is that? Why would one be so much more
favorable than buying a nice eighth of an eight to ak?
Speaker 2 (25:35):
Let's say, well, to start with, you know, typically what
we do in New Zealand is we buy the family
home first, and that's an emotional purchase. So you know,
that's what I call quadrant one. It's emotional, and then
we scrimp and we save, and we get to the
point in life we've got some equiding. We think, right,
go buy an investment property. But we take that same
emotional thinking and we go and buy something similar to
(25:55):
but not quite as good as our own house that
we like, and that's quadrant two. Makes us accidentally cash poor.
Speaker 4 (26:01):
And that seems like that's most New Zealander's obsession is
buying something that they think they'd like to live in,
and therefore it will be worth a lot more eventually
because someone else will put that value on it as well.
And we're going to dig into that more actually, but
this is fascinating stuff. My guest is Nicole Lewis on
Tim Beverages is the one roof radio show on Newstalks.
He'd b we take your calls. I weight one hundred
(26:23):
and eighty ten and eighty if you want to pick
Nicole's brains on anything to do with property investing, and
we'll be back in just a moment. As I say,
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helping you get.
Speaker 1 (27:31):
On top of your busy life. Tim Beveridge on the
Weekend Collector News Talk said, b.
Speaker 4 (27:37):
And where with Nicole Lewis. She is a property investor
who's been there, done that one had all, lost it all,
got it back again. She's the author of a book
called Property Quadrants, which I gather you can get it
all good booksellers. Oops. I'll just turn your microphone. Sorry
about that, Nicole, And we've got lots of calls lining
up to maybe a little bit of advice or share
their experience with you.
Speaker 9 (27:58):
Simon High Yeah, Hi, I have a question for Nicole.
Can a property owner beach urged fringe benefits tax if
they let a relative live in a property for say
half the mental market rate for rent. Does the ID
(28:19):
look at that there's a fringe benefit and charge tax
to the owner.
Speaker 2 (28:22):
I'd have to say I'm not a qualified accountant, so
you'd really need to get accounting advice as to whether
that would be something that they would look at or not,
And my experience, I would say no, I haven't had
that happen. But an accountant would be the right person
to talk to you because ID laws change all the time.
Speaker 4 (28:43):
Right, Okay, Okay, Actually it's interesting because that would be
one air of property investing where unless your own accountant,
don't try and do your own accounts. Get good advice.
Speaker 2 (28:54):
Definitely, definitely, because of course, if you make a mistake
the IID don't consider that. They just penalize you anyway,
So it's very very important I have not only a
good accountant, but a good property accountant.
Speaker 4 (29:07):
Good point. And by the way, can you are you
pretty good with the certain skills and houses? Can you
screw on some jib and do a bit of plaster?
Speaker 2 (29:14):
I'm uselessless.
Speaker 4 (29:17):
I was really hoping you'd say, oh absolutely, I can.
I can. I could reline your home in half a day.
I just get the jib in there. Give me the
what is it, the special automatic screw gun. Okay, but
you know people who do that. There's your advice. Okay,
let's take some more calls.
Speaker 6 (29:35):
Richard High, Hello, thank you very much for taking my call.
I've got a simple question from Nicole, and that's one
of price. If I paint a scenario, there's a house
that's down the road and it's worth about one point
one million, say, and you think that the house that
you have found, it's a wreck you described before, and
you you look at that and you think, well, I
(29:56):
can do this up for one hundred thousand. What would
you expect to buy the p property at? Beautiful question,
risk and all of that sort stuff. Beautiful question, the
organization and rests.
Speaker 4 (30:09):
Yeah, no, good, excellent question.
Speaker 6 (30:11):
Rich uncover some something you weren't expecting. Yeah, yeah. What's
your advice?
Speaker 2 (30:16):
Well, it's a very good question, because you make your
money on your purchase, and I work my numbers backwards.
Say what I mean by that is I say, okay, right,
what is a house the same going to sell for
once it's done up? And the only way you know
that is to actually go to the market and have
a look in the open homes. So let's say once
it's beautifully done up, it's going to sell for one
(30:36):
point two million. Then I say, right, what's my cost
of not only the renovation but my holding cost? What
am I going to have to pay the bank? And
what am I going to have to pay interest, and
what are my sales cost, in other words, my commission
to the real estate agent, my staging, my marketing fees,
and my legal Then I add all that up, and
let's say that's one hundred thousand dollars. I take that off,
(30:57):
and then I say, okay, I also want to make
a profit out of that, and I also want a
little bit of leeway, and could I, in case, as
you said, you unco for something or I have to
discount it, I take that off. And that's why I
want what I want to buy the property for. So
it's a mathematical equation.
Speaker 4 (31:13):
Where's he gone? I suddenly? Did I think we suddenly
ast him? Did I click off? I don't think we've
got to follow up question there anyway.
Speaker 2 (31:23):
But it was a great question.
Speaker 4 (31:25):
Actually, the question I had about that is, what about
you talking about multi income purchases? So basically, you're buying
a piece of land with four units on it. That's
to me, are you buying that also to sell it
later on for a profit or because if you're generating
income at the start, those seem like properties, you're not
(31:46):
buying them so much for the massive capital gain or what.
Speaker 2 (31:49):
Well, you see you're crossing your quadrants. So the first
question where we're talking about renovation, that's quadrant three when
you do something to make some money, which is active income.
And quadrant four is your multi units like you're talking
about now. The interesting thing about quadrant four is you think, well,
why am I buying an investment property? People go to
hold long term. So yes, what's your end result? Do
(32:10):
you want to sell it at some stage for capital
gain or do you want to keep it forever for
the income coming in for retirement? And that's where multi
units are good in both because multi units you'd have
four lots of income coming in in your retirement. But
also when it gets sold eventually at some stage, you
can typically quadruple rather than double, because you can actually
(32:31):
subdivide them, put them on separate titles, and sell them
separately when you're ready to sell down the track.
Speaker 4 (32:36):
Excellent, Actually, I've got Richard back there. I don't know
how it lost to Sorry, that might have been my thought.
Richard might have clicked the mouse. Did you have a
follow up question for yes? I did.
Speaker 6 (32:44):
I didn't go I was still here listening to you.
Speaker 4 (32:46):
Oh good, I am excellent.
Speaker 6 (32:47):
So what you were saying, Nicole, is you add it
all up and maybe make an allowance for some difference,
like I don't know, there's no garage on one. You'd
take all that into account, and then you also have
a contingency component and you just set it all up
and say that's what I would offer because of all
the risks, all the effort and planning and so on. Right,
(33:08):
So you just work it back from a property down
the way. So the next question I've got is how
do you present that to the seller? Do you tell
them all this or do you just say I'm going
to offer you five hundred thousand. In the back of
your mind, you know you have to do all this work.
Speaker 2 (33:23):
Well, I always like that open an honest approach. So
I'm always thinking, and here's I tell them why. I mean,
usually I'm dealing with an agent and the agent's dealing
with the seller, and I say, this is the work
that needs to be done on the property, this is
what I think it's going to cost. Therefore I'm going
to offer this. I always think open and honest is
the best way to go.
Speaker 4 (33:41):
Yeah, and that's I mean, there's a bit of advocacy
in there, as well, isn't it. It's like you're trying
to influence the attitude of the seller to what he
can really or she can really expect to get correct.
Speaker 2 (33:50):
But what you have to realize as well is a
lot of the sellers this is their house. They're in
quadrant one. They love their house, and they don't see
what's wrong with it, right, So therefore they might want
top dollar as though it's already done up, because in
their mind it's wonderful.
Speaker 4 (34:02):
So don't expect to necessarily win that argument. By the way,
somebody's just message saying if you could rewind the first
ten minutes briefly, which is a strange question because this
is live radio, we can't actually rewind. But it does
enable me to tell you that if you want to
pick up the beginning of the conversation I'm having with Nicole,
then you can go to Wherever Podcasts and look for
the Weekend Collective. This is the one roof radio show. Right,
(34:23):
Let's take some more calls, Bill, Hello or Willie? I
think it is it?
Speaker 6 (34:27):
Yeah?
Speaker 8 (34:27):
Yeah, how's it going good?
Speaker 4 (34:29):
Thanks?
Speaker 8 (34:31):
Just just a couple First of all, I'm there, I was.
I was got into my my first house, which is
the family house. And then I sort of got stung
where I purchased my next place four family to get
them into a region, and I got stung by I
(34:51):
got stung by that and didn't make a lot of money. Well,
you know, but now that I'm getting on, you know,
I've got about a about another five six years of
work in life, but I've got a half million DIA equity.
What's the sort of is it too late to enter
into the property market? And and you the other one
(35:13):
you're talking about is getting the getting the property that's
got duel and comes from you.
Speaker 4 (35:18):
Know, is it too late to get on if you
have five or years?
Speaker 2 (35:22):
It's never too late. Never, Look, the best time to
have got into property was twenty years ago, and the
next best time is now.
Speaker 9 (35:30):
Yeah.
Speaker 8 (35:30):
Yeah, And and and the other one is I see,
you know, we see a lot of I see a
lot of these properties which are whether it's the housing
corporation or whoever, they are bowling them down and then
they're putting these multiple you know, for four stories on
the on the one property, four places, one property. And
(35:51):
I always see a lot of properties where I am
in my because I like to know the purchase close
to where I am. A lot of properties that you
know you can subdivide the back part of them, put
one or two properties on that. Is that a Is
that a good way to go?
Speaker 2 (36:05):
Or look at it is a good way if you know.
It's a very good way to go, if you know
what you're doing. Subdivisions are quite tricky. There's a lot
of red tape, so you can lose money just as
easily as you can make it if you don't know
what you're doing with them.
Speaker 4 (36:21):
Yeah, because building a house, especially with the delays that
can be you know, doing upper house, feels like it's
a much easier equation than actually I've subdivided and I'm
going to build another house, and how to get the
consents in the building and get that done in the
time that you think you can then double it.
Speaker 2 (36:37):
Yeah, there's nothing wrong with it. I've got two subdivisions
on the moment, go on at the moment, but just
have to be aware of time. It'll take you a
few years.
Speaker 4 (36:44):
Does everything generally take longer than your plan or you.
Speaker 2 (36:48):
Always takes for a subdivision, always takes longer than you think,
can cost more for a renovation. I pretty much am
on time on budget and on time every time.
Speaker 4 (36:56):
And that's experience, isn't it.
Speaker 2 (36:58):
It is experience.
Speaker 4 (36:59):
And for those who haven't got it, research, I guess
research research.
Speaker 5 (37:01):
Yeah.
Speaker 2 (37:02):
Well, in my book, I actually outline how to do
a renovation. I put if I do against chart, that's
all in there. Everything's in there.
Speaker 4 (37:10):
I actually to say this the book that you have
as well, it's it looks really accessible. And because sometimes
you know books about property and success and all that,
they can be about five five inches thick. But this
looks like you've you've sort of edited it down to
something that's really easily digestible by anyone.
Speaker 6 (37:29):
Yeah.
Speaker 2 (37:29):
Well, look I wrote the book and then I said
to my husband, what am I going to do with
it now? But it surprised me. Look, I ended up
hitting international bestseller in four different countries. It's on Audible,
it's on Kindle, and it's in all the bookstores. And
I have had just the most phenomenal feedback and of
how it's helped people.
Speaker 4 (37:47):
Which is what I want. Bravate good stuff. I'm with
Nicole Lewis will be back in just a minute of
the Property of the Week is next. Nicole. By the way,
if you want to google her. It's an H after
the CE so n h o el E Lewis. Yeah,
they just went, let's add an H in there. Make
it exactly good on them. We'll be back in at
the moment. It's ten too five.
Speaker 9 (38:10):
Don't come up, don't stuck caring, don't mean walk.
Speaker 4 (38:18):
You'll know now I'm back. I'm Tim Beveridge. This is
one roof radio show. My guest a new guest on
the show. She's not new to property, but she's new
to the show. Nicole Lewis with an H in the
name Nicole. You can check your book out just online
or an augurd booksellers property quadrants. But by time is
flying because guess what it is seven minutes to five.
Speaker 1 (38:39):
The one roof property of the week on the Weekend Collective.
Speaker 4 (38:44):
Yes, the one roof property of the week is the
photo Look. It's a gorgeous looking property with a swimming
pool in Point. I always want to say Point Chevalier,
which sounds like a very pot It's like me saying
I live in Santelier or something in Auckland, Point Chevalier.
There we go in Auckland City, sixteen Johnstone Street, Johnston Street.
It's a five bedroom, three three bathroom, three car garage
(39:07):
or garage. There we go. Semantics are abounding at the moment.
It's described as a magnificent home embodying the spirit of
modern family living, where comfort and class are underpinned by space,
quality and location. It does have a lovely looking multiple
living space sort of entertaining space as well, with flow
of the lawns patios, and that pool does look kind
(39:29):
of kind of appealing as well. Triple car garaging sounds
a bit flash as well. The one roof property estimate,
which it says is with the higher level of accuracy
three point ninety four million dollars, so you know, it's
possibly not a first house for anyone, not a first
time buy his property unless you have you buy the
successful ticket in tonight's lotto. You have a look at it,
(39:49):
haven't you? And Nicole so you did have a lot.
Speaker 2 (39:52):
I did have a look at it, and I thought
it looked very nice as well.
Speaker 4 (39:55):
And it's I think it just looks too tidy for
a home that's lived in right now. It doesn't well,
it looks to.
Speaker 2 (40:00):
Me like looks like it's stagedn't mean maybe it's been renovated.
Or freshly painted. Looks very good.
Speaker 4 (40:06):
And yeah, so if you want to go and check
it out, go to the one roof one roof Dot
curded and said it's sixteen Johnston Street points Chevalier Auckland
and a gorgeous looking home. As I say, if you
just need a little brief holiday, I sometimes think looking
at property, it's just like having a little holiday looking
at someone else's gorgeous home, believe it or not. Because
we've only got about a minute left, my apologies to
(40:27):
Shelley who's waiting to have a chat. So call it
again next time and we'd love to have you on.
But Nicole, thank you so much for coming on the show.
But we can get you back sometime.
Speaker 2 (40:38):
Thanks for having me. I've enjoyed myself a lot.
Speaker 4 (40:40):
Excellent and you've got a head all the way. But
whereabouts do you live on You're not not too nearby,
are you now?
Speaker 2 (40:44):
I'm in Coatesville, So we go home to the mud
and feed the horses.
Speaker 4 (40:47):
Are you still selling horse?
Speaker 2 (40:48):
Pooh?
Speaker 4 (40:52):
Still that little sideline just in case? Anyway, I thank
you so much for coming. It's been a great chat.
And look, we'd love to love to have Nicole back,
but if you are looking to check out your book
property quadrants, and if you've just one of those somebody
who likes to read on your Cobo or you kindle
can get it online as well, and we'll be back
with the Parent Squad as next Jenny Hales in the
(41:15):
studio with US News Talk zed B. It is just
gone four minutes to five.
Speaker 1 (41:48):
For more from the weekend collective, listen live to News
Talk zed B weekends from three pm, or follow the
podcast on iHeartRadio
You're listening to the Weekend Collective podcast from News Talks.
It'd be.
Speaker 2 (00:11):
By Mott.
Speaker 3 (00:15):
Getting by, so I'm checking it. No giving, just use
your bue and then never give you credits enough the
time for service and emotion. You won't play that we
the servi exmotion, won't you move by? The boss won't
(00:40):
seem to let me swear sometime they let you watch.
Speaker 4 (00:53):
And welcome back to the show. I'm Tim Bevers. This
is a Weekend Collective and this is the one ref
radio show. We want your calls. We'd love your participation
on one highten eighty. You can text on nine to
two nine two. We're not gonna worry about giving out
my email. Let's call or text and this is your
chance to get involved with the show. And we've got
a new guest on the show today. And in fact,
(01:15):
it's difficult to know how to describe it, but she
is someone who has made a lot of money and
property and she's lost a lot of money and property.
She's learned quite a few tough lessons and she's rebuilt
her property career as well. And I think that that's
actually one of the biggest challenges that sometimes people face
it's easy to give something out crack for the first time,
but if it doesn't work out, how do you pick
yourself up? And her name is Nicole Lewis and she
(01:37):
joins me now in the studio getting Nicole, how are
you going?
Speaker 5 (01:39):
Hello?
Speaker 2 (01:40):
Hello, I'm very great, Thanks for having me.
Speaker 4 (01:41):
Yeah, because I did a bit of reading about your
background and you have been through some highs and some
lows in terms of your experiences in the property market. Look,
just so the audience can get to get to know
a bit about you. Yeah, what's been your journey in
the property market.
Speaker 2 (02:01):
Yeah, yeah, it looked low is really great.
Speaker 4 (02:03):
Actually, just quickly, I'll just get you to bend that
microphone down and so it's just yees. So I should
have saw that before, right there, we go there.
Speaker 2 (02:10):
Well, I think I think one of the key things
is my husband. My husband, I've been married for twenty
two years. And when we got married, he said, oh, look,
it doesn't matter if we live in a mansion or
a tin shed, you know, either way, I love you.
Speaker 4 (02:22):
Well that's sweets.
Speaker 2 (02:22):
Well it is, but I laugh now because little did
he know the tin shed was going to be a reality.
And yeah, that's what happened. We lost it all and
I mean what.
Speaker 4 (02:35):
They share as much as you like, but what was
it all and how did you lose it?
Speaker 2 (02:40):
Yeah? Very good question. So we started. I started in
property sort of full time as such, in about two
thousand and four. I think my daughter was on the
way at the time. I didn't really know what I
was doing, so I just bought property and you know,
did some property flips and held property and a portfolio.
Had no idea. And back then they used to always,
(03:02):
they being mortgage brokers and people who teach you about property,
would say, leverage, leverage, leverage, and have everything negative.
Speaker 4 (03:09):
Cash flow, yes, yes, yes.
Speaker 2 (03:10):
So you can get great tax returns. And I thought, oh, yeah, okay,
so everything's negative. And then of course two thousand and
eight rolls along and the global financial crisis hits and
property goes through the floor, and suddenly all this negative negative, negative,
It's like, oh, where am I going to get the
money from to pay thousands and thousands of dollars and
(03:30):
mortgages every month? And back then it was like, well,
newwhere is where that money is coming from?
Speaker 4 (03:36):
So that's how you lost it. Basically, the cost of
money went through the roof the income went down and bingo,
It's funny you mentioned two thousand and eight, and I
didn't realize it was so recent that there were tough times.
Because since I've been hosting a property show, which is
only I don't know how many years actually now, but
it's only three or four to two, three or four
something like that, it seems that a lot of the
(04:00):
most of the talk until recently has been what a
no brainer it is. And and I also have a
good friend of mine who has done very well in property,
and he's fortunately he's managed his portfolio well enough, but
he was hanging on by the thread of his teeth
and then made a great deal of money. But it's
not I think the message, which is possibly a dangerous
(04:24):
message sometimes is people have got the impression over well,
maybe recently it's toughened up, but especially the last few years,
that property is just the no brainer, fail safe investment.
But your experience tells otherwise, doesn't it.
Speaker 2 (04:39):
Well, it is if you do it right right, But
if you don't know what you're doing, which I didn't,
and you listen to the wrong people, which I did,
then it's very easy to go wrong. And the other
mistake I made is I always try to do everything
like pull it a gate. So it's like why I
learn to walk when I can run do everything in
a million miles an hour. And I've learned that property
(05:00):
is a marathon, not a sprint. You've got to do
it slow.
Speaker 4 (05:03):
What was your first property investment?
Speaker 2 (05:07):
Oh god, I've got to really think back.
Speaker 4 (05:09):
Is that one of those things? Of course it's in
it ended up not going so well. You sort of
cancel the details.
Speaker 2 (05:15):
That probably is.
Speaker 4 (05:16):
But what made you do it? Do you remember what
made you do it? Because I think you said before
you were pregnant when you got your first property.
Speaker 2 (05:22):
Well, I mean I'd bought my first property in my
own house many many years ago, and I think what
made me do it was the recessive gene, you know,
like my grandparents bought me up and they were very
much Well, you worked till year sixty five, you buy
your family home, you pay it off, you stay in
the same job forever, and when you retire you can live.
And I thought, oh god, really, so you know, there's
(05:45):
got to be a better way than that. So I
sort of read books, and you know, let's talk to
people who are wealth and they all bought property. Yeah,
so I thought to myself, well, if I can buy
ten properties and then pay them down, then in a
few years time, I can sell off five keep five
and I'll be rich.
Speaker 4 (06:02):
But in a way, I mean, do you think then
that something in that that it paid not to think
about it too much? Because I think you can. The
other side of the scale is you can think about
something so often for so long that taking action becomes oh,
I don't know, it becomes harder and harder because the
more and more you learn, you also learn about the
downsides and the upsides, and you think, but what if?
(06:23):
But what if? What if? But what if? And never
do anything?
Speaker 2 (06:25):
Oh, you're totally right. There's three types of people and property.
Speaker 4 (06:28):
You know.
Speaker 2 (06:28):
There's what I was, which was a let's just jump
in and worry about the detail later, which can trip
you up. And then there's the analysis to paralysis, like
you've just mentioned, I never do anything. And then there's
the people in the middle, where we all should be,
who actually take calculated risk. They dig risk by learning
what they're doing, and then they buy via the numbers,
not buyer emotion. That's how you get ahead.
Speaker 4 (06:51):
How did well the other thing is as well as
disappointment and failure can often lead to a fear of
repeated failure. I guess. And it's one thing to get
into something for the first time and succeed or whatever.
But you who got knocked down, and you can imagine
there be a lot of people who would never get
back into that fight because they're like, I did that once.
(07:12):
Stuff that. How did you find it within you to
get cracking again?
Speaker 2 (07:17):
It was a very good question. When I didn't get
knocked down. I got knocked out, man, No, you one
hundred percent correct. Have my kids but a little at
the time, they were sort of two and three, and
I sort of looked at it, thinking, well, I've got
to be an example to them. I was stressed. I'd
feel physically sick going to the ATM to go Have
I got any money or not? Goodness, we lived off
baked beans, like my book opens with, you know, is
(07:39):
it baked beans dinner again, mum? Because it's like that's
what we could afford.
Speaker 6 (07:43):
You know.
Speaker 2 (07:43):
It was really stressful times, and I thought, well, I
don't want that sort of life. And I tend to
look at things. I've always been a glass half full
kind of girl. And I looked at it thinking, well,
I think it's great to make mistakes because mistakes are
an opportunity to learn. And I thought, well, I've just
made enough mistakes to have the lessons of a lifetime.
(08:05):
Knew what to do, I knew what was good and property,
and I knew what not to do. So number one
was I had to get my mindset right. It's okay,
come on, let's you can do this. Let's get the
mindset right and determination and let's start again.
Speaker 4 (08:18):
Well that's easy said than done, isn't it, Because human
emotions can be overwhelming, and that ability to actually step
aside from that and be a bit methodical, perhaps is
it about working things out?
Speaker 2 (08:30):
You're one hundred percent correct. It is far easier said
than done. And I mean, I've studied psychology, I've studied
new neurolinguistic programming, so it's probably a little bit lucky.
And that I understood it. Like the little voice inside
your head, and we all have one. You know, we're
not insane. It does put us either up or down,
and so mine certainly put me down in those times,
told me how useless I was everything, So I had
(08:52):
to make a conscious effort to turn it all around
and to go, no, look at what you've learned, start again.
And I did it shoveling.
Speaker 4 (09:00):
Horsepoop literally literally some explain.
Speaker 2 (09:06):
So we'd lost the family home and we moved into
a rented home and through a friend of a friend,
and that home came with a horse, and I started
to think, well, hang on, I can make some money
by shoveling horse poop. So literally, i'd run around as
she quite enjoyed. It was good thinking time. I'd go
and I'd shovel pooh, I'd stick it in the wheelbarrow.
(09:29):
The next door neighbor had horses. I asked if I
could have her horse feet somewhere New Yeah, and I did.
I tied them new up, I tied the bags up,
I dragged it to the top of the drive and
I'd sell them for two dollars a bag and tea.
Was very exciting when I'd come home and someone had
bought them and New were like, oooh, I've made six dollars.
Speaker 4 (09:46):
Because to me, what that is sounds like you just
put one foot in front of the other. You just
got to keep moving. You can't, I mean you could.
You must have wallowed at some stage in disappointment when
it all fell apart.
Speaker 2 (10:01):
Only for eighteen months.
Speaker 4 (10:02):
Okay, gosh, okay, hey, by the way, we'd like to
hear you have your calls on O E one hundred
and eighty ten eighty. We're going to dig into the market
a bit more. But at the moment we've got a
new guest on the show, Nicole Ours when we're hearing
about herb sort of path from success to failure to redemption, etc.
But also if you have a story that you'd like
(10:25):
to share with us about what made you get into
the property market and the mistakes you've made or how
you picked yourself up again, because I think especially those
are lessons that we can all learn from all the
time in life. Because unless you're one of those blessed
people who chooses a career and just makes an amazing
success of your life, then you're one in a million.
Probably it's getting over those disappointments that, really, I guess
(10:47):
is the key, Isn't it true?
Speaker 7 (10:48):
True?
Speaker 2 (10:49):
I mean, look, it happens to all of us now,
and you're right, it's how you get up.
Speaker 4 (10:53):
So what was the first thing you did your first
foray back endo property then, and how did you feel
at the time that you did it?
Speaker 2 (11:01):
Yeah. Look, I think you've got to always celebrate your success.
So whenever you have a small wind, celebrate it. And
I certainly did that in my shoveling horse manure days.
And I thought to myself, you know what, if I
can make some money with nothing, because horse manure costs
you nothing, then surely I can make some money with
nothing and property. And I knew how to do that.
I'd done no money deals before, so I thought, there's
(11:23):
nothing stopping me. I've have to just find someone who
will take me on, employ me as such, and go
out there and look for property. That's what I did,
and I did my first no money property finding correct. Yeah,
I made two thousand dollars and man was I excited.
Speaker 4 (11:39):
So someone was looking for an investment property correct?
Speaker 2 (11:41):
Correct?
Speaker 4 (11:42):
And how did you convince someone that you were the
right person to do that job? Did you sort of
say what you'd learned through the mistakes you've made, or
how did you do that?
Speaker 2 (11:53):
I think back then it was more a little bit
of fake it till to make it. I don't think
I ever came up with my mistakes until I was
successful again. But I knew what I was doing, so
I'd convince them based on my numbers, convinced them based
on my experience. That went right, So it's very good.
Before we lost all our money, I could honestly say
I'd never lost any money in a property flip, which
(12:15):
was true.
Speaker 4 (12:15):
See some of my audience. The word flip is like
another four letter word because flipping has And now when
you talk about flip, because the headlines you would often
read in the paper if someone's bought a property somewhere
and three weeks later they've just sold it for a
hell of a lot more money, which to me is
they went to the casino in a way. And I
imagine there could have been stories when the market turned
(12:36):
of the person who bought something thinking they're going to
sell it for fortune, who lost their dough. But what
is what's the flipping that you talk about?
Speaker 2 (12:43):
So what I do is I particularly like a house
that is unliveable. You know, it's just in a diabolical state,
practically falling down, but cosmetic only.
Speaker 4 (12:56):
So in other words, moldy, uninsulated jibs falling apart, correct
torn wallpaper, but kitchens falling apart, but the bones are there.
Speaker 2 (13:06):
Correct, Yeah, that's correct. I mean I've had ones there's
big holes in the floor, the someone stolen the whole
water cylinder, the whole place is flooded.
Speaker 4 (13:14):
You know, well that sounds yeah, okay, one sounds pretty bad.
Speaker 2 (13:17):
Oh terrible. I had one where the kitchen had a
gas tank and it hooked up to the stove directly,
so it was, yeah, terrible.
Speaker 4 (13:28):
And so you like those because they appear to be
really awful, but the fixing of them isn't as hard
as a novice might think or.
Speaker 2 (13:38):
How would we yeah, correct, Like a home buyer won't
buy them, they can't afford to do them up, but
they're a good house. So you buy it, you do
it up, you turn it into something absolutely amazing. And
then you take a tired rundown house and you turn
it into a glorious home for a homeowner and a
family to live in for years. That's what I love
to do.
Speaker 4 (13:56):
And how long does it take you to do that generally.
Speaker 2 (13:58):
Depends on the size of the house, but usually three
to four weeks.
Speaker 4 (14:02):
So I'm guessing you have a team of people who
you can pick up the phone and go, got a job.
Get your team here. It needs a B C d
EFG up to x y Z correct correct.
Speaker 6 (14:12):
Okay.
Speaker 4 (14:13):
So that's another thing, isn't it knowing you've got people
you can call on who will get rolling into.
Speaker 2 (14:18):
It one hundred percent. I mean, I've got an absolutely
fantastic team of trades people. But you know the key
thing with trades people who pay them the day they
give me their bill, I pay it. Yeah, and so
many people don't do that.
Speaker 4 (14:29):
That is such a good. That is such a good,
and it seems so obvious, doesn't it. I mean, I'm
not a property investor. I've got my own home, but
as soon as I get the bill from a trades person,
I pay them bingo straight away because you know, I
might need them again for something else at some stuff.
I don't know. It's just to be honest to me,
if you can afford. It's just ethics, isn't it.
Speaker 2 (14:49):
It's amazing how many people don't or they fight over
something nigli, but in trades people are worth their weight
in gold. My team are amazing.
Speaker 4 (14:59):
Okay, Well, we'd love to. If you've got any questions
from the call us, then give us a call. One
hundred and eight, ten and eight. We're going to get into.
I'm going to keep exploring her secrets to what makes property?
How do you actually get into property and make it
work as an investment? But also are we going to
touch on a recent story in the the one I'm
reading as a New Zealand Herald, which talks about the
(15:21):
amount of debt you might have to go into if
you are buying an investment property and is it really
worth it? Does in my simple question of written my
notes is does the equation for property investing? Does it suck? Now?
Was the right way I write it for myself. So
we're going to explore that little further based on the
current market. Eight hundred and eighty ten eighty is the number.
(15:41):
And actually, if you're looking at property investing, what's going
to make you get into it? Or do you look
at that equation and think, oh, it's got to improve.
Maybe I'll barden my time. I read one hundred and
eighty ten eighty. You can text me on nine two
nine two and we'll be back in just a moment.
On Tim Beverage. This is a weekend collective The One
Roof Radio Show over to you twenty two past four.
(16:27):
Welcome back to the One Riffradio show. My guest is
Nicole Lewis. She's she's made it all, she's lost it all,
and apparently she's not made at all. I don't know
what it all would be, but anyway, Nicole Lewis is
my guest. By the way, Nicole, you wrote just before
we go to our calls, we've got a few people
lining up to get your advice and have a chat
about property. You've also written a book called Property Quadrants.
(16:47):
I think it was is that quadrants thing based on
the is it Kiyosaki? Robert Kiyosaki, the sort of anyway
you can talk now.
Speaker 2 (16:56):
Look, I'm a big fan of Robert Kyosaki. I love
his cash flow quadrants. Initially it was I was reading
his one of his cash flow quadrants books and I thought,
you know what this applies to property. So it took
me a few years to come up and perfect the concept.
But one hundred property fits into four quadrants. Two of
them make you poor and two of them make you rich.
It's just a case of knowing which is which.
Speaker 4 (17:17):
That sounds like the holy grail of a property investing. Right,
Let's take some calls, let's get right into it and Sylvie. Hello,
hang on a second, We've just got a technical thing.
I'll just check that we've got the right and button
pushed and Sylvie try again.
Speaker 7 (17:30):
How are you going? Tom and the Cold?
Speaker 4 (17:32):
Good? Thanks?
Speaker 6 (17:33):
Hello?
Speaker 4 (17:35):
Where you go, Sylvie? You can chat away where you're
on here you can actually talk heah, where you go?
Speaker 8 (17:41):
You.
Speaker 7 (17:41):
I just wanted to say, I'll be following the Cold
story for a long fight. Super super impressed with her
books and then the way she sort of organizers and
strategizes with her her property portfolio. I'm also property bit
of a small time property rental property owner as well. Yeah,
(18:05):
I just wanted to say, I think that after having
some experience with you know, the new build properties and
getting in with you know, the really hard done, worn
out properties that no one would take on, I would
take on one of those any day. Just I think
there's also a sense of psychological that you get from it.
Speaker 2 (18:24):
Yeah, definitely.
Speaker 4 (18:26):
How do you take something on knowing that the bad
appearance and the cosmetic sort of problems don't reveal a
really big problem you don't know about, Sylvie.
Speaker 7 (18:36):
Well, I think Nicole's onto it with having the right
team of people to back you, and I think You
also need to have a little bit of experience, probably
doing your own bit of DIY and not be afraid
to roll up your sleeves and maybe not spend the
whole time renovating. But you know, you need to kind
of have some experience.
Speaker 4 (18:55):
You need to know what it looks like to screw
on some gerb. Is that what you're saying?
Speaker 7 (18:59):
Yeah, I think so. Yeah, So I don't know what
Nicole thinks. I actually just have to confess something. I
have known Nicole for a really long time. In fact,
I was the little girl that an Evandale bounced on
the trampoline with college. She was like a big sister
to me. I don't know if she remembers me, but
she's just.
Speaker 4 (19:17):
Got that expression where she's the penny has dropped.
Speaker 2 (19:21):
In Sylvia next door Rosalie and Trevor's daughter.
Speaker 7 (19:25):
Yes, and they are just absolutely buzzed that you have
done so well after seeing you grow up and you know,
into the amazing person you are. And yeah, I just so.
I actually Tim was going to text you last weekend
and say you must get Nicole on and it's just
your fortuitous timing.
Speaker 4 (19:46):
The timing is nice to hear from your Sylvie, it's
really exciting to god stuff.
Speaker 7 (19:52):
Thanks.
Speaker 4 (19:53):
Okay, you guys love me to make those connections again.
Actually that does trigger a question for me, though, what
sort of I hate the expression due diligence because it's
it's almost a phrase that go because it sounds so
corporate and boring, but it means checking out yeap things
so you don't get caught by any nasty surprises. I guess,
how do you assess a property that looks like it's Look,
(20:17):
there's a bit of work we can turn around in
three or four weeks as opposed to turns out to
be Oh my goodness, the piles needed to be doing
We had to do X one Z and it was
just a disaster.
Speaker 2 (20:26):
Look, very very good. Question one is I have a
pretty good idea from experience, So you can pretty much
guarantee when you rip out a kitchen you're going to
have rotten there, You're going to have to replace the nogs.
You can pretty much guarantee the same thing from the
bathroom and somewhere you're going to have rotten flooring. So
it really priced those unexpected in because they're going to
be there. And the other thing I do is just
before I go unconditional on a property, I get my
(20:49):
builder to go and check just to make sure I
haven't missed anything.
Speaker 4 (20:53):
Okay, so you know what you're looking for. But then
you go, hey, mate, you need to go and have
look at this house. Back to go on conditioning.
Speaker 2 (20:58):
Climb up into that ceiling because I don't want to,
and make sure the load bearing walls are exactly as
we think, and crawl under the house like I've already done,
and just double check that I'm right that there's nothing.
Piles are easy. I mean usually the house it's you
feel like you're walking downhill when you go in a room,
so you know they're shot.
Speaker 4 (21:15):
Yeah, would you take on a property that had to
have that done?
Speaker 2 (21:18):
I always say never, say never.
Speaker 4 (21:20):
But that would be a negative, that would.
Speaker 2 (21:22):
Be well, it's a case of can I buy it
for the right price, because things like a re roof
and a repile they don't add any value to the
house because people think they should be done anyway, but
they had added a lot of cost.
Speaker 4 (21:33):
Okay, right, okay, let's take some of course, I've got
lots of questions for which I'm starting to write down
the south because well that's the way it works, right,
But we'll take the calls next.
Speaker 5 (21:44):
Paul, Hello, there's are going. Yeah. I got into properly
thirty five years ago when there was it was just
slowly taking taking off on the rentals at that time, Boucci,
all of them that we saw were all doer uppers.
We had a real estate agent that used to try
(22:04):
and you know, if he couldn't sell them, you've come
to us and sell them, sell them to to to us.
We nearly went went bankrupt once because one of the
properties we bought was a real major doer. Even my
mate he you know, because I went halves were made
(22:27):
of my when I was coming to buy that. When
we had to buy the property, we had to use
mortgage brokers to get the loans. The loans, I don't
think the loans weren't as easy to get then as
they are. And and now you know you could buy
houses for one hundred to one hundred and fifty thousand
and that that that that time, you know they were.
(22:51):
But now I'm really pleased I got into it because
I'm retired. All my properties are freehold. I've got an
income of over two thousand dollars a week.
Speaker 4 (23:02):
Have you just run up run the sky. Have you
just run up to run up to scope for well?
Speaker 5 (23:08):
You know, I think there is a learning thing. But
it is good to to if you can, if you've
got somebody that knows about it too, you know, to
to get it, get it, get it, get into it
as well. You know.
Speaker 4 (23:21):
Are you are you still involved in it? Are you
just sort of sitting out?
Speaker 5 (23:26):
Yes, it is on my properties that one of my
properties take you know, becoming there's one house and it's
got four properties in one house, and and then that
takes over two thousand dollars a week. And I've got
no mortgages on the The way I paid it off
so quickly was I The way I paid off so
(23:47):
quickly was I sold one of my rentals. And you
can't put the money on total money. And I was
just paying one thousand dollars a week week off it.
Because you pay no.
Speaker 4 (23:59):
At all.
Speaker 5 (24:01):
Paying a thousand dollars.
Speaker 4 (24:04):
You're not really calling for vice, then, I Paul.
Speaker 5 (24:06):
No, No, I'm just saying that it's a good thing
to get into.
Speaker 4 (24:09):
Good on you, hey, good to hear from you. Have
you got any thing to add there?
Speaker 2 (24:13):
I think I totally agree with you. Paul, and I
also think you've hit one of the good nuggets of
gold there. Multi income properties is definitely the way to go.
We'll talk about that a bit more.
Speaker 4 (24:23):
Actually tell about it now. Because he said one house,
four incomes. I think that's what he said. What's that?
Speaker 1 (24:29):
So?
Speaker 2 (24:30):
I talk about investing in the property quadrants, and quadrant
four is the passive income quadrant where you make passive
income immediately. So therefore, the way to make that work
is to actually buy a property that's multiple incomes. Not
just go buy your three bedroom, one bathroom house that
gives you one income and it all. People will say
that's a four percent yield, which will be gross. It'll
(24:51):
be two percent net, which will cost you an arm
and a leg. That's quadrant too. That's how you become
cash poor.
Speaker 4 (24:56):
Is that what we're talking about in that what I
mentioned before about the way the property market is okay, good,
carry on.
Speaker 2 (25:01):
So what you've actually got to do is buy by
the numbers and go for usually a block of units.
When I say a block, it could be two, could
be three, could be four. And then you've got multiple
incomes coming in from that same property. And that's how
you actually get at cash flow positive from day one,
so you're putting money in your pocket rather than taking
it out.
Speaker 4 (25:19):
Is the equation for those multi unit sort of properties.
Is that quite different to the buying one property.
Speaker 2 (25:25):
And totally totally different? You know, they're two completely different quadrants?
Speaker 4 (25:29):
Why is that? Why would one be so much more
favorable than buying a nice eighth of an eight to ak?
Speaker 2 (25:35):
Let's say, well, to start with, you know, typically what
we do in New Zealand is we buy the family
home first, and that's an emotional purchase. So you know,
that's what I call quadrant one. It's emotional, and then
we scrimp and we save, and we get to the
point in life we've got some equiding. We think, right,
go buy an investment property. But we take that same
emotional thinking and we go and buy something similar to
(25:55):
but not quite as good as our own house that
we like, and that's quadrant two. Makes us accidentally cash poor.
Speaker 4 (26:01):
And that seems like that's most New Zealander's obsession is
buying something that they think they'd like to live in,
and therefore it will be worth a lot more eventually
because someone else will put that value on it as well.
And we're going to dig into that more actually, but
this is fascinating stuff. My guest is Nicole Lewis on
Tim Beverages is the one roof radio show on Newstalks.
He'd b we take your calls. I weight one hundred
(26:23):
and eighty ten and eighty if you want to pick
Nicole's brains on anything to do with property investing, and
we'll be back in just a moment. As I say,
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helping you get.
Speaker 1 (27:31):
On top of your busy life. Tim Beveridge on the
Weekend Collector News Talk said, b.
Speaker 4 (27:37):
And where with Nicole Lewis. She is a property investor
who's been there, done that one had all, lost it all,
got it back again. She's the author of a book
called Property Quadrants, which I gather you can get it
all good booksellers. Oops. I'll just turn your microphone. Sorry
about that, Nicole, And we've got lots of calls lining
up to maybe a little bit of advice or share
their experience with you.
Speaker 9 (27:58):
Simon High Yeah, Hi, I have a question for Nicole.
Can a property owner beach urged fringe benefits tax if
they let a relative live in a property for say
half the mental market rate for rent. Does the ID
(28:19):
look at that there's a fringe benefit and charge tax
to the owner.
Speaker 2 (28:22):
I'd have to say I'm not a qualified accountant, so
you'd really need to get accounting advice as to whether
that would be something that they would look at or not,
And my experience, I would say no, I haven't had
that happen. But an accountant would be the right person
to talk to you because ID laws change all the time.
Speaker 4 (28:43):
Right, Okay, Okay, Actually it's interesting because that would be
one air of property investing where unless your own accountant,
don't try and do your own accounts. Get good advice.
Speaker 2 (28:54):
Definitely, definitely, because of course, if you make a mistake
the IID don't consider that. They just penalize you anyway,
So it's very very important I have not only a
good accountant, but a good property accountant.
Speaker 4 (29:07):
Good point. And by the way, can you are you
pretty good with the certain skills and houses? Can you
screw on some jib and do a bit of plaster?
Speaker 2 (29:14):
I'm uselessless.
Speaker 4 (29:17):
I was really hoping you'd say, oh absolutely, I can.
I can. I could reline your home in half a day.
I just get the jib in there. Give me the
what is it, the special automatic screw gun. Okay, but
you know people who do that. There's your advice. Okay,
let's take some more calls.
Speaker 6 (29:35):
Richard High, Hello, thank you very much for taking my call.
I've got a simple question from Nicole, and that's one
of price. If I paint a scenario, there's a house
that's down the road and it's worth about one point
one million, say, and you think that the house that
you have found, it's a wreck you described before, and
you you look at that and you think, well, I
(29:56):
can do this up for one hundred thousand. What would
you expect to buy the p property at? Beautiful question,
risk and all of that sort stuff. Beautiful question, the
organization and rests.
Speaker 4 (30:09):
Yeah, no, good, excellent question.
Speaker 6 (30:11):
Rich uncover some something you weren't expecting. Yeah, yeah. What's
your advice?
Speaker 2 (30:16):
Well, it's a very good question, because you make your
money on your purchase, and I work my numbers backwards.
Say what I mean by that is I say, okay, right,
what is a house the same going to sell for
once it's done up? And the only way you know
that is to actually go to the market and have
a look in the open homes. So let's say once
it's beautifully done up, it's going to sell for one
(30:36):
point two million. Then I say, right, what's my cost
of not only the renovation but my holding cost? What
am I going to have to pay the bank? And
what am I going to have to pay interest, and
what are my sales cost, in other words, my commission
to the real estate agent, my staging, my marketing fees,
and my legal Then I add all that up, and
let's say that's one hundred thousand dollars. I take that off,
(30:57):
and then I say, okay, I also want to make
a profit out of that, and I also want a
little bit of leeway, and could I, in case, as
you said, you unco for something or I have to
discount it, I take that off. And that's why I
want what I want to buy the property for. So
it's a mathematical equation.
Speaker 4 (31:13):
Where's he gone? I suddenly? Did I think we suddenly
ast him? Did I click off? I don't think we've
got to follow up question there anyway.
Speaker 2 (31:23):
But it was a great question.
Speaker 4 (31:25):
Actually, the question I had about that is, what about
you talking about multi income purchases? So basically, you're buying
a piece of land with four units on it. That's
to me, are you buying that also to sell it
later on for a profit or because if you're generating
income at the start, those seem like properties, you're not
(31:46):
buying them so much for the massive capital gain or what.
Speaker 2 (31:49):
Well, you see you're crossing your quadrants. So the first
question where we're talking about renovation, that's quadrant three when
you do something to make some money, which is active income.
And quadrant four is your multi units like you're talking
about now. The interesting thing about quadrant four is you think, well,
why am I buying an investment property? People go to
hold long term. So yes, what's your end result? Do
(32:10):
you want to sell it at some stage for capital
gain or do you want to keep it forever for
the income coming in for retirement? And that's where multi
units are good in both because multi units you'd have
four lots of income coming in in your retirement. But
also when it gets sold eventually at some stage, you
can typically quadruple rather than double, because you can actually
(32:31):
subdivide them, put them on separate titles, and sell them
separately when you're ready to sell down the track.
Speaker 4 (32:36):
Excellent, Actually, I've got Richard back there. I don't know
how it lost to Sorry, that might have been my thought.
Richard might have clicked the mouse. Did you have a
follow up question for yes? I did.
Speaker 6 (32:44):
I didn't go I was still here listening to you.
Speaker 4 (32:46):
Oh good, I am excellent.
Speaker 6 (32:47):
So what you were saying, Nicole, is you add it
all up and maybe make an allowance for some difference,
like I don't know, there's no garage on one. You'd
take all that into account, and then you also have
a contingency component and you just set it all up
and say that's what I would offer because of all
the risks, all the effort and planning and so on. Right,
(33:08):
So you just work it back from a property down
the way. So the next question I've got is how
do you present that to the seller? Do you tell
them all this or do you just say I'm going
to offer you five hundred thousand. In the back of
your mind, you know you have to do all this work.
Speaker 2 (33:23):
Well, I always like that open an honest approach. So
I'm always thinking, and here's I tell them why. I mean,
usually I'm dealing with an agent and the agent's dealing
with the seller, and I say, this is the work
that needs to be done on the property, this is
what I think it's going to cost. Therefore I'm going
to offer this. I always think open and honest is
the best way to go.
Speaker 4 (33:41):
Yeah, and that's I mean, there's a bit of advocacy
in there, as well, isn't it. It's like you're trying
to influence the attitude of the seller to what he
can really or she can really expect to get correct.
Speaker 2 (33:50):
But what you have to realize as well is a
lot of the sellers this is their house. They're in
quadrant one. They love their house, and they don't see
what's wrong with it, right, So therefore they might want
top dollar as though it's already done up, because in
their mind it's wonderful.
Speaker 4 (34:02):
So don't expect to necessarily win that argument. By the way,
somebody's just message saying if you could rewind the first
ten minutes briefly, which is a strange question because this
is live radio, we can't actually rewind. But it does
enable me to tell you that if you want to
pick up the beginning of the conversation I'm having with Nicole,
then you can go to Wherever Podcasts and look for
the Weekend Collective. This is the one roof radio show. Right,
(34:23):
Let's take some more calls, Bill, Hello or Willie? I
think it is it?
Speaker 6 (34:27):
Yeah?
Speaker 8 (34:27):
Yeah, how's it going good?
Speaker 4 (34:29):
Thanks?
Speaker 8 (34:31):
Just just a couple First of all, I'm there, I was.
I was got into my my first house, which is
the family house. And then I sort of got stung
where I purchased my next place four family to get
them into a region, and I got stung by I
(34:51):
got stung by that and didn't make a lot of money. Well,
you know, but now that I'm getting on, you know,
I've got about a about another five six years of
work in life, but I've got a half million DIA equity.
What's the sort of is it too late to enter
into the property market? And and you the other one
(35:13):
you're talking about is getting the getting the property that's
got duel and comes from you.
Speaker 4 (35:18):
Know, is it too late to get on if you
have five or years?
Speaker 2 (35:22):
It's never too late. Never, Look, the best time to
have got into property was twenty years ago, and the
next best time is now.
Speaker 9 (35:30):
Yeah.
Speaker 8 (35:30):
Yeah, And and and the other one is I see,
you know, we see a lot of I see a
lot of these properties which are whether it's the housing
corporation or whoever, they are bowling them down and then
they're putting these multiple you know, for four stories on
the on the one property, four places, one property. And
(35:51):
I always see a lot of properties where I am
in my because I like to know the purchase close
to where I am. A lot of properties that you
know you can subdivide the back part of them, put
one or two properties on that. Is that a Is
that a good way to go?
Speaker 2 (36:05):
Or look at it is a good way if you know.
It's a very good way to go, if you know
what you're doing. Subdivisions are quite tricky. There's a lot
of red tape, so you can lose money just as
easily as you can make it if you don't know
what you're doing with them.
Speaker 4 (36:21):
Yeah, because building a house, especially with the delays that
can be you know, doing upper house, feels like it's
a much easier equation than actually I've subdivided and I'm
going to build another house, and how to get the
consents in the building and get that done in the
time that you think you can then double it.
Speaker 2 (36:37):
Yeah, there's nothing wrong with it. I've got two subdivisions
on the moment, go on at the moment, but just
have to be aware of time. It'll take you a
few years.
Speaker 4 (36:44):
Does everything generally take longer than your plan or you.
Speaker 2 (36:48):
Always takes for a subdivision, always takes longer than you think,
can cost more for a renovation. I pretty much am
on time on budget and on time every time.
Speaker 4 (36:56):
And that's experience, isn't it.
Speaker 2 (36:58):
It is experience.
Speaker 4 (36:59):
And for those who haven't got it, research, I guess
research research.
Speaker 5 (37:01):
Yeah.
Speaker 2 (37:02):
Well, in my book, I actually outline how to do
a renovation. I put if I do against chart, that's
all in there. Everything's in there.
Speaker 4 (37:10):
I actually to say this the book that you have
as well, it's it looks really accessible. And because sometimes
you know books about property and success and all that,
they can be about five five inches thick. But this
looks like you've you've sort of edited it down to
something that's really easily digestible by anyone.
Speaker 6 (37:29):
Yeah.
Speaker 2 (37:29):
Well, look I wrote the book and then I said
to my husband, what am I going to do with
it now? But it surprised me. Look, I ended up
hitting international bestseller in four different countries. It's on Audible,
it's on Kindle, and it's in all the bookstores. And
I have had just the most phenomenal feedback and of
how it's helped people.
Speaker 4 (37:47):
Which is what I want. Bravate good stuff. I'm with
Nicole Lewis will be back in just a minute of
the Property of the Week is next. Nicole. By the way,
if you want to google her. It's an H after
the CE so n h o el E Lewis. Yeah,
they just went, let's add an H in there. Make
it exactly good on them. We'll be back in at
the moment. It's ten too five.
Speaker 9 (38:10):
Don't come up, don't stuck caring, don't mean walk.
Speaker 4 (38:18):
You'll know now I'm back. I'm Tim Beveridge. This is
one roof radio show. My guest a new guest on
the show. She's not new to property, but she's new
to the show. Nicole Lewis with an H in the
name Nicole. You can check your book out just online
or an augurd booksellers property quadrants. But by time is
flying because guess what it is seven minutes to five.
Speaker 1 (38:39):
The one roof property of the week on the Weekend Collective.
Speaker 4 (38:44):
Yes, the one roof property of the week is the
photo Look. It's a gorgeous looking property with a swimming
pool in Point. I always want to say Point Chevalier,
which sounds like a very pot It's like me saying
I live in Santelier or something in Auckland, Point Chevalier.
There we go in Auckland City, sixteen Johnstone Street, Johnston Street.
It's a five bedroom, three three bathroom, three car garage
(39:07):
or garage. There we go. Semantics are abounding at the moment.
It's described as a magnificent home embodying the spirit of
modern family living, where comfort and class are underpinned by space,
quality and location. It does have a lovely looking multiple
living space sort of entertaining space as well, with flow
of the lawns patios, and that pool does look kind
(39:29):
of kind of appealing as well. Triple car garaging sounds
a bit flash as well. The one roof property estimate,
which it says is with the higher level of accuracy
three point ninety four million dollars, so you know, it's
possibly not a first house for anyone, not a first
time buy his property unless you have you buy the
successful ticket in tonight's lotto. You have a look at it,
(39:49):
haven't you? And Nicole so you did have a lot.
Speaker 2 (39:52):
I did have a look at it, and I thought
it looked very nice as well.
Speaker 4 (39:55):
And it's I think it just looks too tidy for
a home that's lived in right now. It doesn't well,
it looks to.
Speaker 2 (40:00):
Me like looks like it's stagedn't mean maybe it's been renovated.
Or freshly painted. Looks very good.
Speaker 4 (40:06):
And yeah, so if you want to go and check
it out, go to the one roof one roof Dot
curded and said it's sixteen Johnston Street points Chevalier Auckland
and a gorgeous looking home. As I say, if you
just need a little brief holiday, I sometimes think looking
at property, it's just like having a little holiday looking
at someone else's gorgeous home, believe it or not. Because
we've only got about a minute left, my apologies to
(40:27):
Shelley who's waiting to have a chat. So call it
again next time and we'd love to have you on.
But Nicole, thank you so much for coming on the show.
But we can get you back sometime.
Speaker 2 (40:38):
Thanks for having me. I've enjoyed myself a lot.
Speaker 4 (40:40):
Excellent and you've got a head all the way. But
whereabouts do you live on You're not not too nearby,
are you now?
Speaker 2 (40:44):
I'm in Coatesville, So we go home to the mud
and feed the horses.
Speaker 4 (40:47):
Are you still selling horse?
Speaker 2 (40:48):
Pooh?
Speaker 4 (40:52):
Still that little sideline just in case? Anyway, I thank
you so much for coming. It's been a great chat.
And look, we'd love to love to have Nicole back,
but if you are looking to check out your book
property quadrants, and if you've just one of those somebody
who likes to read on your Cobo or you kindle
can get it online as well, and we'll be back
with the Parent Squad as next Jenny Hales in the
(41:15):
studio with US News Talk zed B. It is just
gone four minutes to five.
Speaker 1 (41:48):
For more from the weekend collective, listen live to News
Talk zed B weekends from three pm, or follow the
podcast on iHeartRadio
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