Hi, I am looking at doing renovations to earn an income (whilst still working 9-5). There is so much material out there about reno's, tips & tricks but I really want to know how profitable renovating and selling properties is - especially if you want to 'buy, renovate and sell' v.s 'buy, renovate and hold'.
Say the aim was to buy and renovate 2 or 3 properties within a year, how would one make a decent profit when paying capital gains tax... Is there a way?.... is it worth it!
I know people do it... but how.
Any help would be great.
Thanks.
Say the aim was to buy and renovate 2 or 3 properties within a year, how would one make a decent profit when paying capital gains tax... Is there a way?.... is it worth it!
I know people do it... but how.
Any help would be great.
Thanks.