There’s more than just market movement
“Hello and welcome back to daily buying tips, I’m Dean Berman from Berman Buys.
Today were going to discuss what to do when a property market isn’t rising quickly.
Over the last few years markets have been moving upwards.
Sometimes they move downwards.
And sometimes they move sideways.
These are signs of normal property markets.
Some investors have the belief if the market doesn’t go up then they won’t make money.
This is always necessarily the case.
There is another way to make money besides market movement.
Which is ‘sweat equity’.
This is done by improving the property.
Making it a better living standard through a cosmetic or structural renovation.
Other examples include a new build, extension, subdivision, granny flat or small development.
To use a simple analogy.
Sweat equity is like getting a haircut or doing lots of gym.
It will make you feel and likely look better.
Why can’t we give our investment properties a transformation?”