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The Urban Property Investor podcast with host Sam Saggers brings together the latest news, strategies and ideas to help grow your personal wealth from investing in real estate. With a major premise to help you join the 1% of people who achieve financial independence, Sam Saggers advocates ways to replace your income, invest in property and retire rich using trends that form part of the urban landscape. The Urban Property Investor Podcast uncovers answers to the critical “what” “why” “where” and “how” of investment using behavioural economic insights into how everyone can prosper in the cities of tomorrow as investors of today. This podcast goes beyond investing in 2020 and tackles ways to bulletproof your investment plan by understanding influences on people, place and property.
Episodes
Wednesday Mar 10, 2021
Wednesday Mar 10, 2021
Wanting to start a reno but not sure where to begin?
It’s so enticing to renovate as soon as you buy an investment property - but if you choose well and think wisely, you’re better off waiting ten years and renovating with equity instead of cash.
Most people want to do a structural renovation on their home or IP, but often all that’s required is a cosmetic renovation. Unless you’re a professional renovator, structural renovation can be a major time and money blowout, not to mention the emotional investment!
On this episode I discuss the variety of renovating options available to you.
Also, I reference design logic - which has an episode all to itself on Episode 17 - The Secret Language of Real Estate.
Enjoy!
3:26 - Why Renovating Is So Popular
7:02 - Renovation traps
10:08 - Become a 10 Year Renovator
14:12 - The 4X Growth Plan and how it relates to renovation decisions
25:08 - The 10/30 rule
31:26 - How to renovate using equity instead of cash
36:05 - Structural vs Cosmetic Renovation
49:11 - How To Start A Reno
Don’t hesitate to hit me up on Facebook @SamSaggers. DM me any of your questions :)
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And remember, I’m really good on 1.25 or 1.5 speed :)
Take care,
Sam