Buy, Renovate, Sell and Profit

March 5, 2015

Tips & Ideas

OurFirstHomeProfiting from your hard work as a property investor or trader should be celebrated. The higher property values clearly don’t work in property investors favour when they purchase a rental property however a healthy profit can be achieved when they on-sell – or trade as it’s common known.

Trading a property usually involves holding the property while it’s renovated to a better standard so it on-sells for a higher price and ideally provides more profit.

The current reality TV show Our First Home is about trading. Couples buy a house to do up so they can make a profit that could then be used for a deposit on a home of their own. If it’s good enough for TV viewing – its fair to say that property trading has definitely entered the mainstream of property investment strategies.

Trading does incur a Capital Gains Tax (CGT) contrary to what we have been lead to believe in the media. CST or not – trading is a strategy that can work extremely well. It can also go horribly wrong and there will be hints of mistakes made by the participants in the Our First Home show.

PropertyTutors are New Zealand’s leading mentors for property investment and in particular this strategy of trading. Therefore engaging a mentor can make the difference between a large profit or a hefty loss.

Meet Property Mentors Sean Wood and Steve Goodey live at THE MASTERS MAY 2015

MastersMay15

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