224 - Mastering A First-Time Renovation: Nick & Louise Lucas’ Property & Personal Transformation with Nick & Louise Lucas

Join 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!

“Just having, people around me to give me advice is probably the most important thing for me. Whether it was advice on picking the right items or having the right. arguments with certain suppliers or have needing to have these conversations. It's like it, it really helps to have people in your court providing you with some info and support"

-Nick & Louise Lucas

EPISODE HIGHLIGHTS:

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

Resources

The School Of Renovating

https://www.theschoolofrenovating.com

She Renovates Podcast

https://www.theschoolofrenovating.com/podcasts-page/

Louise Lucas - Website

https://propertyed.com.au

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