Some property investors seem to have
made a fairly good living from becoming professional project managers and
adopting a buy, renovate and sell strategy.
I often wonder though, how much
long-term wealth could their investment have generated if they retained it as a
high-growth rental.
For my money, the buy, renovate and
hold approach makes a lot more sense and allows you to use any additional
equity manufactured from all that hard work to invest in additional high-growth
assets and further nurture your nest egg.
Whatever strategy you adopt when
considering a renovation project, it must align with and complement your
overall investment objectives.
RealRenta has all the tools that a property manager has but for
less than ¼ the cost of a property manager.
You can now manage
your Residential, Commercial or share/student accommodation property
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Saturday, 27 April 2024