Does the thought of a passive buy and hold seem too slow and put you to sleep?... In this episode, I discuss how you can accelerate your investing and grow your wealth faster by doing a renovation or development. 

I’ve been digesting the chat that I had with Stuart Wemyss in Episode 76, where we discussed if renovation and development add up, and I really wanted to give you a different perspective and practical examples of when renovation and development can really work, especially in accelerating your investing to buy more properties sooner.

I’ve got lots of exciting things to talk about, so let's go inside!

 

Resource Links:

• Listen to Episode 76: Does Renovation & Development add up (https://www.investorsedge.com.au/episode-76-does-renovation-or-development-add-up-with-stuart-wemyss/)
• Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)

• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
• Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)

 

Episode Highlights:

1. Intro [00:00]
2. Should You Reconsider Renovational Development? [02:31]
3. How to Accelerate with Basic Numbers [04:20]
4. Small Development [06:24]
5. Factors to Consider when Deciding to do a Renovational Development [09:13]
6. Factor #1: Considering Risks [10:18]
7. Factor #2: Hassle Factor [11:40]
8. Renovation or Development will Help Attract Quality Tenants [12:25]
9. Factor #3: Rental Yield [13:33]
10. Final Thoughts [14:41]
11. Outro [15:14]

 

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