For the latest episode of this bonus series of the property investing journey, Mike is joined by Belinda Smith, Renovation Consultant, Business Coach and Educator, to talk about the everyday skills that people have, but may not recognise, that can contribute to their renovation journey.
Belinda has loved property all of her life. In 2012 she founded RARE – Renovate and Real Estate Consultancy Collective, to help clients realise their investment potential and guide them through the various phases of their renovations, including feasibility, design, approvals, budgeting and execution.
Belinda firmly believes that everyone has skills they can apply to a renovation project, and in this conversation she explains to Mike just how applicable these skills are. From the decision making and budgeting ability of running a household, to the time management and planning skills required in holding down a full-time job, Belinda illustrates how transferable this knowledge is, and encourages the listener to have an open mind when considering whether renovation is for them.
This highly practical discussion covers the profitability of renovating in a declining market, how your strategy needs to adjust when the market slows down, as well as the apparent obstacles of capital gains tax and stamp duty and how to deal with them.
If you’ve ever considered renovating but are concerned you don’t have the right skills, or even if you’re just looking for extra advice, you can’t go past this invaluable information from the highly successful Belinda Smith.
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Mike is joined by Belinda Smith, Renovation Consultant, Business Coach and Educator, to talk about the everyday skills that people have, but may not recognise, that can contribute to their renovation journey. Belinda firmly believes that everyone has skills they can apply to a renovation project, and in this conversation she explains to Mike just how applicable these skills are.
“They tend to assume that renovating is exhausting and they tend to assume that they’re going to have to be on the tools themselves to get through a project and I’m here to dispel that rumour” Belinda 0:47
“Renovation itself is just a whole series of finding solutions to the issues you encounter along the way and a whole bunch of communicating with other people like tradies and getting other people to do those tasks for you” Belinda 3:49
“There are many many components but there all learnable and you just need to tackle them one by one the same as we tackle everything in our lives” Belinda 5:17
“We do these beautiful things called feasibility studies before we purchase property and all of our costs have to go into that feaso. If it’s not a goer it’s not a goer” Belinda 17:05
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