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Equip yourself to ace the Flip!

Buying, fixing and selling properties can be a powerful strategy to make a LOT of money. But since it involves a lot of moving parts, it is not without risks. Is there a way to reduce your risks? Here are a few tips and tricks for those starting their property investment adventure: Start small. Find a property that requires cosmetic changes to be made only. For example: fresh coat of paint internally paint the outside walls paint the roof replace kitchen counter tops paint the kitchen cabinets replacing cabinets quickly becomes pricey so aim for painting only. You’ll be amazed at the difference it can make! install new tiles in bathrooms and kitchen replace outdated light fittings put down l

Testing the Waters

You may have heard that property investing is a good route to financial freedom. But how do you get started? And what if you don’t like it? Here are four few simple things you can do from the comfort of your couch to test the water and see if it’s something you’d like to take further. 1. Look for a homeloans calculator online. All of the major banks offer them for free. Plug in a few basic figures and voila, now you know what sort of bond amount you are likely to qualify for. 2. Look on www.property24.co.za for run down distressed houses in your local area. Look out for adverts with no pictures or adverts that say things like "reduced" "a fixer upper" These are all signs that the seller

Johannesburg, South Africa

tanya@tanyahaffern.co.za

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