170 - How To Use Renovating To Build A High Equity, High Cashflow Portfolio Fast

She Renovates

English - July 20, 2022 02:52 - 21 minutes - 29.2 MB - ★★★★★ - 2 ratings
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Previous Episode: 169 - How To Renovate For Profit To Quit Your Day Job

Next Episode: 171 - Inspiring Women Renovating with Bernadette Janson and Michelle Lewis

Renovating is addictive! It is easy to get sucked into the vortex of your current project with tunnel vision that can make it difficult to look towards the future. As a result, I have seen a lot of people spend a large portion of their prime years trying to build up a portfolio so they can give up their day jobs, with very little success.

They lacked a future-proofing strategy. I don’t want you to find yourself in the same boat. So, In this episode of the She Renovates Podcast, I tell you how you can use renovating to build a high equity, high cashflow portfolio - fast.

Passive income is the goal which means developing a long-term view of how renovating can help you achieve this. I spent many years being addicted to my projects without being strategic about my renovations business. I eventually came to realise I wasn’t getting to where I wanted to go. Over time I have learned lots of strategies to help me build wealth.

Listen to the podcast to find out which strategy doesn’t work and those that do. The best renovations business strategy will ensure good cash flow and maximise your profit. I have learned the hard way so you don’t have to.

EPISODE HIGHLIGHTS:

[00:44] How to use renovating to build a portfolio.
[02:35] Strategies to build wealth.
[04:22] How to secure your next investment property.
[04:59] Micro development strategy.
[08:15] Principle rule of property investing
[09:06] Bernadette’s avocado smash joint venture
[13:10] Work with a good accountant to navigate the tax
[13:39] The quality of your team will determine the success of your outcome
[14:43] Elizabeth Gordon’s renovation project.
[17:44] What are the benefits of renovating?
[19:11] Risks of renovating.

Resources

Relocate A House

https://relocateahouse.com.au

Women in Renovating Workshop

www.theschoolofrenovating.com/womeninrenovating

Connect with The School of Renovating

ASK BERNADETTE

https://www.theschoolofrenovating.com/podcasts-page

Subscribe to She Renovates Apple Podcast

https://apple.co/3faoWlT

Subscribe to Youtube:

https://www.youtube.com/c/TheSchoolOfRenovating