At a time when many people are feeling fear around rising interest rates and the fluctuating property market, Bernadette Janson discusses 5 surprising renovation and micro-development strategies to minimise risk and maximise profit.
In this episode, Bernadette covers smart decisions you can make to:
- Manage risk when using the renovation flipping strategy
- Renovate to deliver exponential value
- Avoid pitfalls and discover whether short-term rental (including Airbnb) can elevate your income
- Prepare and insulate yourself from the fluctuating market through land banking and micro-development.
- Grow your wealth by using your own home and even supercharge it by downsizing!
Watch the Episode on Video:
EPISODE HIGHLIGHTS:
- 00:00 Intro
- 01:24 Adjustments to manage your risk
- 02:14 Hold your property if necessary.
- 05:11 Short-term rental is best Plan B
- 06:06 Cosmetic Plus renovation
- 08:29 Taking advantage of the lower prices
- 10:35 Adding a land component to your project
- 12:41 Micro development
- 13:22 Renovating your principle place of residence
- 16:46 Renovating for Airbnb
Buying something that’s dirty, filthy, stinky, usually hoarders properties that nobody’s willing to go near. And often the gold is in those properties, because they’re so much undervalue, it gives you a lot of leeway.
Bernadette Janson
Resources
The School Of Renovating
https://www.theschoolofrenovating.com/
Airbnb
https://www.airbnb.com/