BiG Tips: Rather than passively waiting for a property to increase in value, whether your home or an investment, there are ways to add value yourself. Check out some Property Investing Gurus and their favourite strategy. This BiG post, will guide you.
Here too are some strategies, tips, traps, pros and cons:
10 Mistakes To Avoid When Renovating For Profit, Real Estate Investar
Your Complete Guide to Renovating for Profit, Michael Yardney
How to get started in property development – Peter Koulizos, He says:” There are many articles, magazines and books that cover property development but I would highly recommend two books written by Australian author,
Ron Forlee: Australian Residential Property Development: A Step by Step Guide, and An Intelligent Guide to Australian Property Development. They are very easy to read and full of useful tips.
[Podcast] 12 Steps to a Profitable Property Development – Peter Koulizos, The Property Couch
Some ‘Gurus’ BiG’s found:
- Changing use
- Subdividing, Community or Strata Titling
- Land Banking
Land banking. A property investment scheme with many risks – MoneySmart (ASIC)
They say: “ASIC has taken action against land banking schemes run by Askk Investment Group, VKK Investments Unit Trust, Realestate Equity Investment Trust (REIT), 21st Century land banking companies and Midland Hwy.”