Renovate, FLIP vs Buy & Hold

What is the best approach to develop an income-generating property portfolio? The buy, renovate, sell, and repeat method involves flipping property to fund additional rental property investment. The buy and hold method involves putting down a deposit and leveraging without any enhancements or renovations to the property at hand. In this episode we speak to Brook Garner who's done both! She flipped a couple of houses as well as bought three long term buy & hold investment properties both locally in Brisbane and also interstate in Perth. Hear how she did it, her best advice for people starting out, and her biggest lessons.  She's planning to be have the option to leave her 9-5 in 10-15 years, and he story will inspire you to do the same.     Discussion Points: 00:00: Introduction 01:36: Starting out as an investor in Brisbane  06:51: Negotiating a bargain on the second property 10:25: Changing strategies: from flipping to investing 11:37: A bit of luck with an emotional purchase 17:36: Heading west: buying in Perth using equity  21:15: Selling off-market to buy again  24:43: Trusting real estate and the process of investing 26:58: Conclusion      About The Host: Subscribe to Aus Property Mastery with PK for no BS, “straight to the point” property investing strategies and data-driven insights about the Australian housing market - the only property podcast not biased by a “Buyers Agent”. You can listen to Aus Property Mastery on Apple Podcasts, Spotify & YouTube Music.  PK Gupta is the founder of the Property Investment Accelerator — Australia's #1 Rated And ONLY 100% Independent Real Estate Course & Mentorship Program that helps people achieve passive income through property investing using DATA, WITHOUT wasting months doing "research", spending weekends at inspections OR dropping $10-20k on Buyers Agents each time.    Resources:          Watch FREE Trainings On Our Website  👉 https://consultingbypk.com.au/         Get Suburb Tips & FREE STRATEGIES In Our Private Facebook Community With Over 50,000 Clients & Investors  👉  https://www.facebook.com/groups/passiveincomethroughproperty Watch No Nonsense Property Market Insights On Our YouTube Channel  👉https://www.youtube.com/c/AustralianPropertyMasterywithPKGupta     Disclaimer: No Legal, Financial & Taxation Advice The Listener, Reader or Viewer acknowledges and agrees that: Any information provided by us is provided as general information and for general information purposes only; We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information; We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer; The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant; The information may not be suitable or applicable to the Listener, Reader or Viewer's individual circumstances; We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer.  See omnystudio.com/listener for privacy information.

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