6 Strategies When The Bank Says No | Ep. 81

In this episode, we are joined by Dennis Schipper, a consultant at Opes Partners. Dennis has a lot of experience in property investment nz.  Here, we discuss 6 strategies you can use if you've got a property in mind, but haven't got the ability to get the lending. This include:

• Get your house revalued (or do minor renovations to your property to increase the value of your owner-occupier home and then get it revalued)


• Consider a co-ownership – owning half the house with family and/or friends


• Work with a money coach to decrease your expenses


• Get a higher paying job/take on a secondary job/or get your partner to get back into the workforce if they haven't been working


• Don't buy that property, but buy another one. e.g. look at a new property where the deposit requirements are more relaxed e.g. new properties