Property queen talks
Nicole Lewis is an award-winning property investor, generating incredible property deals, known as the queen of property. Her book Property Quadrants examines the four ways real estate investing works and takes you through real-life stories of how she has helped people turn their lives around.
Can you tell us how you came to write
Property Quadrants? Growing up, on one hand I learned money was something that you needed to worry about and that everything must be carefully budgeted for. On the other hand my grandfather would say “have nothing but the best!” I think I took the latter advice way too literally and as a result developed ‘champagne taste’.
My ‘champagne taste’ created a very different viewpoint when it came to property. People would say “this is my income what property can I afford?” I would say “this is the property I want, how can I make the money to buy it?”
Over the years, through much trial and error I managed to inch my way ahead and began living the lifestyle I wanted.
There are two major contributing factors that led to Property Quadrants. One, my experience, both good and bad, my passion for property, my drive to create a legacy for my children and my determination to get ahead so my husband could leave the corporate grind.
Two, Robert Kiyosaki’s cash flow quadrants. I think his cash flow formula revolutionised the way people think about money. I set about to develop a formula that can revolutionise the way people think about property.
Can you explain what you mean by ‘Quadrants’?
The Oxford Dictionary describes quadrants as any of the four parts into which something is divided. My experience taught me that property is divided into four unique parts. Two parts that cost you money making you cash poor and two parts that earn you money making you cash rich. The quadrants teach you how to think about real estate to put yourself on the cash rich path.
Who will benefit from reading your book?
Anyone who is interested in buying or investing in property. Often people aren’t sure if it is the right time to buy property. In 2020, the Covid impact on the world made people unsure. In 2021 the market was so hot people thought property was too expensive. Now, in 2022 interest rates rises and inflation make people too scared to buy. The truth is it’s always a good time to buy property, if you’re buying in the right quadrant.
What do you hope people will take away from it?
The realisation that buying your first or your next passive income property is just around the corner.