How To Renovate And Win Big

Wanting to start a reno but not sure where to begin? 

It’s so enticing to renovate as soon as you buy an investment property - but if you choose well and think wisely, you’re better off waiting ten years and renovating with equity instead of cash. 

Most people want to do a structural renovation on their home or IP, but often all that’s required is a cosmetic renovation. Unless you’re a professional renovator, structural renovation can be a major time and money blowout, not to mention the emotional investment!

On this episode I discuss the variety of renovating options available to you. 

Also, I reference design logic - which has an episode all to itself on Episode 17 - The Secret Language of Real Estate. 

Enjoy!

3:26 - Why Renovating Is So Popular

7:02 - Renovation traps

10:08 - Become a 10 Year Renovator

14:12 - The 4X Growth Plan and how it relates to renovation decisions

25:08 - The 10/30 rule

31:26 - How to renovate using equity instead of cash

36:05 - Structural vs Cosmetic Renovation

49:11 - How To Start A Reno

Don’t hesitate to hit me up on Facebook @SamSaggers. DM me any of your questions :)

If you’re yet to subscribe, be sure to do so on your favourite channel. 

And remember, I’m really good on 1.25 or 1.5 speed :)

Take care, 

Sam