Accelerate Your Investing
Apr 19, 2023•16 min•Season 1Ep. 124
Episode description
This week we are throwing back to one of our most popular episodes of 2022 on how to accelerate your investment using renovation and development.
It's a bit of a lead-on from Episode 76, where I was chatting with Stuart Wemyss on if renovation and development add up.
I've been digesting on that chat I had with Stuart, and I wanted to give you some different perspectives on when renovation development can work, especially in accelerating your investing.
So, let's go inside.
Resource Links:
- Episode 76: Does Renovation or Development Add Up? With Stuart Wemyss (https://www.investorsedge.com.au/episode-76-does-renovation-or-development-add-up-with-stuart-wemyss/)
- Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property (https://www.investorsedge.com.au/invest-in-perth-property/)
- 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/)
Episode Highlights:
- Intro [00:00]
- Purchasing Another Property Rather Than Doing Renovations or Development [01:22]
- Undertaking a Renovation or Development Project May Yield Greater Gains in the Short Term [02:39]
- Growing Your Portfolio Through Small-scale Developments [04:26]
- How Can You Accumulate $200,000 to Purchase Another Property in Just 2 Years [07:10]
- Other Factors to Consider When Deciding Whether to Do a Renovation or Development Project [09:08]
- When Purchasing a Property, Rental Yield is an Important Factor to Consider [13:02]
- Why Renovation or Development is a Good Decision for Accelerating Your Property Investment Journey [14:39]
- Outro [15:19]
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