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Renovating for profit and renovating to make money has been highly popularised in the media. Many Australians are absolutely god damn in love with renovating to make money. I can absolutely understand why.

I need to put a caveat in there that it’s not everybody’s cup of tea. It is hard work and can take some time. If you don’t have the right tools, team and formula, it can sometimes not fruit the results that you’re after. However, with the right tools, team and formula, it can not only be a great way to financial freedom, there are some other really cool advantages to it that renovating in a short time period – buying renovating and selling or revaluing to have it leased out – can have over some of the other property strategies.

Today, I’m going to go through those advantages with you.