1 rich Libsyn https://www.libsyn.com 90 600 In this special podcast I explain How to Profit from Renovations in the current property markets. &amp;nbsp;Listen as I discuss: My&amp;nbsp;8 step process for profiting from renovations. 5 tips for successful renovations Why renovations make sense in today's property market The one thing that many renovations courses teach that is patently incorrect.&amp;nbsp; I explain the 4 big benefits of renovations: - Increasing the rental return and therefore yield of your investment property Increasing the aesthetic appeal of the property and thereby attracting a wider tenant pool and often a better-quality tenant. Increasing your depreciation allowances. “Manufacturing” capital growth thereby increasing the overall value of your property, even in a flat market. I also walk through my 8 Step renovation process Why – what is your reason Preparation - finance &amp;amp; structures Where? Research target areas–due location diligence What - Find a property with value add potential – due diligence analyze Purchase – at “wholesale” Plan &amp;amp; Budget – consider your target market and end values The renovation process – create a higher and better use Post Renovation – my preferred strategy is lease, refinance and repeat Watch out next week for the second of this 2 part series where I discuss the 9 Step Property Development Process Links: My Property Renovations and Development Workshop Michael Yardney's Property Update Blog Property Investment &amp; Wealth Creation Australia | The Michael Yardney Podcast https://michaelyardneypodcast.com.au <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/5565856/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/5565856