In today’s show, hear about Jane Slack Smith’s simple renovation strategy used by savvy investors to build a multi-million dollar property portfolio and I will tell you about a free Webinar that I have done with Jane and how you can secure your place at the session with our compliments.
Read the transcript here:
Kevin: One of the things I love talking about on the show is renovation. It can be an easy path to being successful in real estate and making a lot of money, but there are also a lot of traps and a lot of things that you should be aware of.
I’ve been talking off and on, for quite some time now, to Jane Slack-Smith from YourPropertySuccess.com.au, who joins me now. Good day, Jane.
Jane: Hey, Kevin.
Kevin: Good to have you back on the show. To continue that story, I’ve realized that there is so much involved, more than we can cover in some interviews in Real Estate Talk, so we’ve put together a special webinar event. How long will it run for, Jane?
Jane: It’s going to go for about an hour and a half. To be honest, you can’t cover everything in an hour and a half, but we’re going to give it a really good shot.
Kevin: Yes, good stuff. It’s an absolutely free webinar. We want you to come along and join us. The website to register for it – I’ll give it to you a couple of times here in the interview – is www.freerenoevent.com.au
There’s a lot more detail there for you about what it’s all about.
But, Jane, you wrote an entire book on how with just two properties and one renovation you came out with a million dollars. Is that still possible?
Jane: Absolutely, and I think it’s even more possible now with the current lending environment and the fact that people have had a lot of built-up equity in their properties, as well.
The really important thing when I wrote the book initially was you don’t need hundreds of properties to actually get to your wealth goals. Just with two properties and one renovation, you can put a million dollars in the bank, and that can give you some real freedom of choice to do what you want when you want to do it.
Kevin: Well, in this webinar that’s coming up, you’re going to obviously be giving us a lot of tips about how to do that?
Jane: Absolutely. I talk to people all the time about renovation, and renovation as an active strategy, and looking at strategic renovations rather than just finding an old house and thinking, “Well, you could do with a bit of a coat of paint. I’m going to make some money.”
To really make a profit in renovation, you need to be strategic and you really need to have a plan. I find that a lot of people have a lack of clarity about what the roadmap is for them to actually turn a property into a money-making venture.
Kevin: Renovation is a fairly active strategy, Jane, isn’t it?
Jane: Absolutely. It’s hands on, and it really starts before the renovation. I find a lot of people do make mistakes in renovating and thinking they can make money. It comes down to really identifying the right property in the right area. We spend a lot of time looking at that, so all that hard work in actually doing the renovation pays off.
Kevin: In the webinar that we’ll be doing – and we’ll give you that web address again in a moment – are you going to be helping us identify the best renovation type properties?
Jane: Absolutely. I think it’s really important to understand what properties have potential and what are the characteristics that give that potential. We’ll go through a lot of that. We’ll go through some real examples and some ideas about where you can actually spend some money to add perceived value, which is what we really need to do in renovations. We’re not looking at spending money on things that aren’t going to get us a return.
Kevin: Give me the date for the webinar.
Jane: Sure. It’s Tuesday the 3rd of March at 8:00 p.m. Eastern Standard Daylight Saving Time. That web address is FreeRenoEvent.com.au, and I’ll be taking questions, as well, at the end.
Kevin: Fantastic. There are limited seats, so make sure you get in early. As Jane said, Tuesday, 3rd of March. That website to register is FreeRenoEvent.com.au. It’s absolutely free. We’re going to give you an hour and a half’s worth of brilliant content from the lady who wrote the book on renovation, Jane Slack-Smith.
Jane, I want to thank you for being here, and I look forward to catching up with you. It’s a live event, too, isn’t it? Absolutely live.
Jane: Absolutely. Look, I can’t wait. Get people to bring their questions along, because I’ll be there to answer the questions. Renovation is an active strategy. People can make money. Between the two of us, we’ll come up with some really good answers.
Kevin: Looking forward to it, because I love talking to you about renovations. It’s one of my favorite subjects.
That website, again, is www.freerenoevent.com.au. Join us on the 3rd of March. It’s absolutely free.
Jane, I look forward to catching up with you then.
Jane: I’ll speak to you then. Bye, Kevin.