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Looking to know more about trading properties i.e do ups

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  • Looking to know more about trading properties i.e do ups

    Hi,
    I am keen to increase my annual income by renovating "do-up's" and on selling . I'd love to know how successful this has been for others as well as I am looking for a mentor/coach in this area.

    Thank you
    Jacki

  • #2
    Forum is a great place to start, go out to lunch with traders, very beneficial. Trading atm is tough and risky but if brought well you can do ok at the end, I have not done any in the past 12 months but would look again if I see an opportunity.

    Make sure you sort your finances and get trading trusts set up correctly from the start and get a good accountant!

    You must have a good team.

    FH
    "DEBT BECOMES IRRELEVANT WITH INFLATION".

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    • #3
      Where are you located?

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      • #4
        Have a high tolerance for risk and expect to go broke quite often.

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        • #5
          I am based in Auckland

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          • #6
            Originally posted by flyernzl View Post
            Have a high tolerance for risk and expect to go broke quite often.
            Love your work - Thumbs up
            Plan and invest wisely - You only get one life so make the most of it!

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            • #7
              Originally posted by Jacki View Post
              Hi,
              I am keen to increase my annual income by renovating "do-up's" and on selling . I'd love to know how successful this has been for others as well as I am looking for a mentor/coach in this area.

              Thank you
              Jacki
              You could look at doing a Property Masters course

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              • #8
                Originally posted by Frezzinghot View Post
                Forum is a great place to start, go out to lunch with traders, very beneficial. Trading atm is tough and risky but if brought well you can do ok at the end, I have not done any in the past 12 months but would look again if I see an opportunity.

                Make sure you sort your finances and get trading trusts set up correctly from the start and get a good accountant!

                You must have a good team.

                FH
                Hi thanks for the info, can you recommend any good lawyers and accounts who are familiar with the set up required?

                Jacki

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