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White-knuckle Ride

Uninsured. Earthquake damaged. Two phrases that would see most property investors heading for the hills.

But Michael Calder from Christchurch isn’t like most investors; and his property journey has not been for the faint of heart. His guts and determination have yielded some amazing results, and he’s looking to repeat his winning formula again.

Four years ago, Calder was a day away from confirming an unconditional offer on his first home. A tidy renovated townhouse “with no further potential” it was the perfect home for a first-time buyer.