With a house in no condition to be rented and a recent $150,000 inheritance, Michelle asks if she should pay off the mortgage early or invest in ETFs. Paul Clitheroe has a better idea.
You can still make a profit, but you have to be very strategic about the property you buy and how much you spend on the renovation, and accurately forecast the price you’re likely to get.
Not all renovations will boost your property’s value. Spending on bells and whistles that buyers don’t care about is money down the drain.
The best way to understand the new depreciation rules is to break them down into nine simple key points.
Flipping houses to make a quick profit was big business in the early noughties, but the numbers have dropped.
Property flipping can be an effective way of making money, but is it as easy as it sounds?
Cutting corners on maintaining your investment property could save you a few dollars now, but it will cost you in the long run.
Our love of renovation is still going strong, with many turning to it to create additional wealth. This formula will help you return the greatest profit.