{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"BONUS: 8_ Steps_ to_ profitable_renovations .mp3","description":"In this special podcast I explain How to Profit from Renovations in the current property markets.  Listen as I discuss: My 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.  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. \u201cManufacturing\u201d 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 \u2013 what is your reason Preparation - finance & structures Where? Research target areas\u2013due location diligence What - Find a property with value add potential \u2013 due diligence analyze Purchase \u2013 at \u201cwholesale\u201d Plan & Budget \u2013 consider your target market and end values The renovation process \u2013 create a higher and better use Post Renovation \u2013 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 ","author_name":"Property Investment & Wealth Creation Australia | The Michael Yardney Podcast","author_url":"https:\/\/michaelyardneypodcast.com.au","html":"