Search results

when your doing your due dilligence for the next 'fixer upper' have two end games. sell and take profit, and hold and rent. Make sure both stack up and then you are laughing. Im not sure how others make money full time from reno's. id say they buy in a specific structure to avoid/ reduce...

why dont you start with one of your existing protfolio then? next tiem the tenants vacate, do the reno, then test the market and see what offers you get. if you have had it more than a year the CGT wont be that bad, and you can see if you like the lifestyle. I couldnt think of anything...

Welcome! Im afraid my answer is, maybe.... In a rising market, and for those that can renovate cheaply and quickly, it can be profitable. Otherwise, its a great way of turning a large fortune into a small one. Why did you choose buy reno sell as your strategy? Are you a builder/tradie?