What I love about adding value through renovation is that you can either flip the property and realise the cash straight away or, you can hold the property & create instant equity without having to wait for growth.
We all have different goals…
For some, flipping is preferred because they want the extra cash or they may be looking to leave their day job.
Some are happy with their careers or business and prefer to renovate and hold to help grow their portfolio to build wealth.
Others do both, flip for cashflow and buy, renovate, hold for long term wealth building.
