Tracy Hemingway, aka Debt-Free Diva, and Ilse Wolfe from Wolfe Property Coaching have come together to share their insights, unique perspectives, and deep expertise in property investment. Collaborating for the first time, they deliver valuable knowledge and strategies to help investors succeed.
Tracy, a financial advisor specialising in mortgages, investments, and budgeting, overcame $94,000 of debt by age 24, purchased her first home a year later, and then became a property investor. With over 17 years of property investment experience, Ilse has completed over 250 renovations across New Zealand, growing a $20 million portfolio. Together, they offer their combined wisdom to help investors navigate their property journeys.
The focus: Cash flow and equity strategies
One of their clients, Andy, earned an entire annual salary in just seven weeks through property investing. Andy invested $500,000 into a property, including the renovation costs. Fast forward just seven weeks, and the property was revalued at $640,000, giving him an incredible $140,000 in equity. When the average annual income in New Zealand is $80,000, Andy’s results equated to more than a year’s work for many – achieved in less than two months.
Ilse, known for focusing on cash flow and yield, explained that Andy’s success resulted from strategic leveraging and a well-executed renovation plan. Using the cash flow hack, he converted a three-bedroom house into a four-bedroom home, increasing its rental income by 63%.
Leverage the power of equity to scale property portfolios. Tracy advises using equity from one property as a deposit for the next, enabling investors to grow their portfolios faster. In Andy’s case, the equity created through his renovation allowed him to fund his next property purchase, demonstrating the compounding effect of smart investing. “Equity is your greatest asset,” Tracy emphasised. “It allows you to move ahead faster than relying solely on your salary or savings.”
OCR review and market predictions
Tracy and Ilse agree that the drop in OCR creates new opportunities for investors and that a reduction in interest rates would improve cash flow for property owners, allowing for more flexibility in future investments.
Whether you’re a first-time buyer or already own multiple properties, the strategies shared by Tracy and Ilse offer a clear path to success.
For those looking to jump into the market, Ilse shared, “It’s important to start somewhere – even if it’s a three-bedroom unit with a purple bathroom! The key is making the most of what you have, whether through renovation or leveraging existing equity.”
- Discover a range of great properties here.
Tracy and Ilse encourage participants to take action, explore the opportunities in their existing properties, and embrace the potential of property investment.
As Ilse puts it, “Capital growth doesn’t pay the bills. Cash flow is king. If you’re not putting money in your pocket now, you’re not moving ahead.”
- For all of the tips and insights, be sure to watch the full webinar
Your gateway to invaluable insights and tailored advice!
Book a complimentary 15-minute consultation with Ilse Wolfe. As a seasoned expert in real estate, Ilse brings knowledge and personalised strategies to help you confidently navigate the market. Whether you're buying, selling, or simply exploring your options, this free session is your gateway to invaluable insights and tailored advice.
