reality” learning fee
This is the learning fee that you must pay when you realise that renovations are hard work and not as easy as the reality TV shows or the property blogs would suggest.
Perhaps you bought a property that needs a significant renovation
in the order of 10 percent of its purchase price.
But then everything ended up costing more than you expected and the
project ran over time, which increased your holding costs substantially.
So, you ended up sinking about 20 percent of the purchase price into the renovation and landed in over-capitalisation
This learning fee could easily cost you tens and tens of thousands of
dollars as well as a waiting period of many years as you wait for the market to
improve enough to get your money back.
Right now, at RealRenta Join now and get 50% off the normal low price:
That’s the cost of 1 cup of coffee a week to manage your rental property
RealRenta also has a free vision, so why not check it out
Tuesday, 20 October 2020