Join Bernadette Janson, Nick and Louise Lucas on this episode of She Renovates as they discuss the incredible journey of turning a first-time property purchase into a successful investment.
Louise, a mortgage broker with 15 years of experience, and Nick, a 25-year-old tech sales professional, share their inspiring story of leveraging government schemes to buy a property and embark on a transformative renovation journey.
Discover the strategies they used to save thousands on renovation costs, how they navigated challenges, and how Nick managed to add substantial equity to his property.
Get insights into the power of persistence, adapting to unforeseen obstacles, and finding the best deals for quality materials and appliances.
This episode will inspire young adults and their parents to explore creative ways of entering the property market and unlocking opportunities together.
Don’t miss this captivating success story of property investment and renovation!
Watch the Episode on Video:
- 00:00 Introduction
- 01:30 Nick & Louse Lucas Backgrounds
- 03:37 Property Purchase and Deposit
- 06:33 Explaining Lenders Mortgage Insurance
- 07:58 Value of Working with a Mortgage Broker
- 09:42 Property Renovation and Rental
- 12:12 Leveraging Home Equity to Help Children
- 13:00 Identifying Renovation Opportunities
- 14:12 Nick’s DIY Renovation Work
- 15:22 Dealing with Unexpected Issues
- 16:43 Learning from Mistakes
- 18:29 Importance of Mentorship and Support
- 20:20 Documenting and Evidence
- 21:03 Friends’ Perspectives
- 21:54 Nick’s Self Advice
- 26:06 Quality Investment Property
- 27:20 Empowering First-Time Buyers
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