Walter Nanni in Renovating. My answer was a bit like this — although a bit longer as we were on a drive to Berry, which is about an hour and a half from home! Although it can get harder if a market is on the move down, that is.

I, too, had a question for him: It depends on how much I can make. How much of your profit will go into costs and taxes?

It took you five months to renovate and one month to sell, but finally you did it. Time to buy a boat, right? Do you go again? Is this like a commercial on gambling…? Do you have a problem? Is it time to walk away or do you play again?

21 Ways to Save On Your Remodel | This Old House

It can be a huge trap for a lot of people. So, my question to my friend was: You could then use the equity in it to buy another one and then do it all over again. The game changer is being able to shift your mind into building equity rather than cashing in your chips after the renovation dust has settled.

But what if you sold the very first property you bought and renovated after the next boom period? How many times have you spoken to someone that used to own a property somewhere and then they say: So, why not learn from the past and change that story for yourself: You know what I paid?

This property gave me the equity to be able to buy the other 10 properties that I own. So, the answer to the question my mate asked me the other day — can I make money from buying and renovating property and is it really worth it?

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Australian Property Investor magazine Australia's magazine for home buyers and investors. Until next time, I hope this helps someone.

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Making a million from property renovation - Telegraph

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