• How To Use AirBNB To Boost Your Income

    Thousands of hosts are using AirBNB to make thousands of pounds in rental income each year. If you have the property and the desire to make money, here is how you can use AirBNB to boost your income.

    It is difficult to imagine that just a few years ago AirBNB didn’t even exist. But since its founding in 2008, the platform that lets you rent your home to virtually everyone around the world has propelled its owners Brian Chesky, Joe Gebbia, and Nathan Blecharczyk onto billionaire status in just under a decade.

    With over one million listings in about 190 countries, it is not only the founders who are getting rich through AirBNB. regular homeowners just like you are also making a killing each year by listing their homes on the platform.

    How it works

    Using AirBNB is as simple as it gets. All you have to do is list your home on the platform and tell people that it is available for rent. You can list entire apartments or even just a single spare room in your family house. Through the millions and millions of renters who visit the platform each month, you stand a chance of making good money through the rent that they bring in should they choose to use your listing as a place to stay when they are in your part of town.

    But just like in every other market niche, there is competition. On AirBNB, if you want your listing noticed and to attract the highest number of renters possible, there are a few things that you need to do. These include:

    Taking great pictures of the property

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    Professional looking pictures can attract potential renters.

    This might seem like obvious advice but you will be surprised at how many people take this task lightly. The competition on the platform is so fierce that you have to do all you can to stand out. To take great photos, there are few things that you should consider doing:

    • Make sure the interior of the house is immaculate
    • Place a wine and cheese plate somewhere in the outdoor space
    • Fold the towels in the bathroom creatively
    • Place a photo of the best local attraction

    Do not make the mistake of using too many pictures. Just take about 10 wonderful shots of the property and surrounding areas. This will show them the character and appeal to the entire region. It will pique their interest and curiosity.

    Strive to be a superhost

    To attain superhost, status you have to maintain an incredibly high standard of hosting. This means that you need to have a response rate of about 90%, you try your best never to cancel on your renters, at least 80% of your renter rate you as a five-star host and you have hosted at least 10 trips.

    To get to this level, you simply must go above and beyond to make your guests happy. It will take work and constant improvement but once you get there, you will see a surge in your bookings and rental income.

    Make your listing affordable

    Most people would rather stay at a hotel than alternative accommodation because they can be sure that they will have a wonderful experience staying at a hotel. There are two main reasons why people choose to stay at an AirBNB property: it is cheaper than a hotel and it gives them the opportunity to stay somewhere unique that has personalised service. If you price your property at the same rate as your local hotels, you are essentially eliminating about 50% of your potential clients. Why would they risk coming to your home and having a bad experience for the same price as staying at a hotel where there are sure to have an excellent experience? Reduce your prices and you will be renting your place almost always.

    Ultimately, to make the most out of your AirBNB and boost your rental income, use your listing to sell experience. People are tired of running the same old gauntlet. They travel, stay at an impersonal hotel and then go back home. Many choose AirBNB properties because it gives them an opportunity to experience something different; something unique. Sell them that experience. Tell them how they can walk to the local farmers market and make themselves a lovely home cooked gourmet meal in your fully equipped kitchen. Tell them how they can take evening walks and meet the locals are the local town fair. Tell them why they would love staying at your place.

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  • 3 Ways To Make Your Old House Look New

    An old house can have its charms, but it doesn’t have to look dilapidated. Here are 3 ways to make your old house look new again without spending a fortune.

    In many cases when dealing with a home that has been around for generations, you may be tempted to start replacing everything just to get it looking and feeling like new again. What you need to know is that you really do not have to this, at least not replace everything. That will not only cost you an arm and a leg, but it will also completely change the face of that beautiful antique house (in most cases, not for the better).

    Experts say that in a home, only the kitchen and bathroom ever really needs replacing. Everything else can be fixed as time goes. With proper maintenance, you only need to spend a little money and time on repairs. Here are 3 wonderfully easy ways to make your home look new again.

    Fix those drafty windows

    Old houses used to have grand windows that really let in the light. In many ways, these windows were a huge part of the house’s character. If you have such big windows, it is inevitable that they will slowly begin to rattle, become difficult to operate and start letting in icy drafts. Even though you might be tempted to replace them with newer, easier to operate options, doing so will completely mess up the house’s character. Plus it will cost you upwards of £2,000.

    Instead, you can hire a window restoration expert in the form of your local carpenter. For about £100 each, your local carpenter will replace the rusty hardware, remove built-up paint, weatherstrip gaps, and wax the rails. This makes those beautiful windows easy to operate again and those icy cold drafts from seeping in at a fraction of the cost.

    Fix cracked plaster walls and squeaky wood floors

    Just because your walls are full of fissures and chips does not mean that you have to replace that rustic-looking handmade plaster with prefab wallboards. Doing so will cost you about £500 a room and it will completely destroy the original wood trim. Instead, you can find a local contractor who specialises in old houses and commission them to restore the old plaster. They can reattach it using special washers and use a plaster like skim coat to finish it off thus saving you money, making the walls look new again and preserving that antique look.
    The same goes for squeaky wood floors. Hire a good woodworker who will sink micro-head screws through the floorboards and into the framing below. This will stop the boards from rubbing together and creating that deafening creaky sound.

    Paint it over

    There are very few things quite as refreshing for an old house like a fresh coat of paint. This might take days to complete and cost you a pretty penny, but it will be worth it. Once all is done, the house will look and even smell new. Plus, a fresh coat of paint will usually hide those little cracks on the wall that do not affect the structural integrity of the house but simply make it look worn down.

    Before you think about replacing everything, talk to an expert first and see what can be repaired. In many cases, you will find that you can save a tonne of money this way, preserve that antique look and keep your house looking as good as new while you are at it.

    If you’re looking to renovate a property you wish to sell, low-cost property renovations becomes even more important to maximise your profits. But these types of renovations are slightly different because your focus should be more on increasing property value, and not so much your personal taste.

    Because of the rising popularity of Reno shows like Property Brothers, famed investors like Rick Otton already has podcast episodes dedicated to fixing and flipping for profit. And these little tidbits are actually good references for low-cost projects.

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  • Cheap Tips For DIY Kitchen Renovation

    Here are cheap DIY renovation tips to add new life to your kitchen – AND possibly increase your home’s value!

    The kitchen is where the cooking and food preparation takes place. In some houses, it can also be a place where people have their meals and quick snacks.

    For a homemaker who usually cooks and prepare meals for the family, a nice and well-equipped cooking place will be very ideal. With time, your kitchen facilities gets worn out, hence the need for some remodelling. Aesthetic and functionality features are what people like to have in their kitchen.

    Cabinets, drawers, wall and ceiling can be repainted and kitchen door handles can be replaced. With some simple tips, you can remodel your kitchen to give it that aesthetically pleasing look. Here are some cheap tips for DIY kitchen renovation

    Current Assessment

    The current state of your cooking area must be examined. Determine the problem areas that need the necessary improvements. Note all these things down. You will get a clearer picture of what needs to be done. You can also choose which equipment or tools will stay or be removed and replaced.


    A considerable budget is needed for this remodelling project. From the budget, you can tell whether you will be working with a simple or extensive redecoration.

    If you have a smaller budget, then you can settle with some simple repainting and replacement of defective or unattractive fixtures like kitchen door handles. If you have a bigger budget then you can even consider getting an interior designer or contractor to do the necessary carpentry, plumbing and painting jobs.

    Colour Choices

    Warm and welcoming should be your target ambience. To brighten up the place and make it more inviting, warm colours like yellow, red and green can be suitable.
    Try not to choose very solid and strong colours that can make the area look too elaborate and distracting. You can check out some sample photos online that you can imitate for your own area for cooking.


    There are various stores and suppliers that can provide you with low-cost restoration supplies like kitchen door handles, sinks, taps and tap wares, light switches and power points and other hardware supplies. For a set of supplies that you will need for your remodelling, you can try to get a good deal with a reputable supplier. It helps to list down all the things you need to buy.

    Cheap cabinets

    For cheap remodelling of your kitchen, stainless kitchen cabinets should be the one for you. They do well in lofts or anything that involves metal and sleek interiors. However, if it annoys you that there would be a tiny sound of the metal cabinet doors whenever you open and close it, then you just have to choose a metallic cabinet with wood lining on each other.

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  • How To Upcycle Furniture In Your Home

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    With just a little imagination, you can turn any old furniture into a masterpiece to be adored by many. Here is how to upcycle furniture in your home in a simple yet affordable manner.

    There is an excellent chance that you have some pieces of furniture in your home you just aren’t ready or willing to let go of yet. No matter how far past the due date they are, some wardrobes, chairs or dining tables just make up part of who we are and putting them out to pasture, as it were, is both painful and unacceptable.

    With these kinds of furniture pieces, there are several options when it comes to dealing with them. You could either turn a blind eye and pretend that they are still as new as the day they were manufactured, or you could get creative and decide to do something about improving their current state. If you have decided to go with the latter option, as many of us would, then here are some excellent ideas how to upcycle furniture in your home.

    Repurpose what you can

    If you have an old wardrobe that simply cannot serve its original purpose anymore, how about repurposing it for something else? You could remove its doors, slap on a few shelves and turn it into an ‘antique’ bookshelf. This, of course, will call for a little makeover. Maybe a touch of paint and making sure that it holds choice items such as precious first edition hardcovers or maybe even your fine China?

    Turn your old teacups into candles

    Maybe more than an acceptable number of the pieces that make up a set have been broken or lost. That, however, is not enough to convince you to let go of those cute little tea cups you inherited from your Grandma. In this case, instead of serving tea in badly broken sets, why not transform the remaining cups into candles? All you have to do is melt several candles into each tea cup, stick a wick in there and you have a unique candle that will still remind you of Granny.

    Turn that old door into an exotic coffee table

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    Even an old, unused door can be of use…such as a converted coffee table!

    Maybe you have knocked down a wall and turned two rooms into one. Boarding up one of the entrances just won’t do and neither will letting both doors stand. The next best thing is to unhinge the extra door and turn it into a coffee table. Done right, with the right kind of wood workmanship and paint, you could have an excellent coffee table that will always be a conversation starter in your living room.

    The trick with upcycling is to go wild and crazy with your creativity. Think about it this way, you were going to throw that piece of furniture out anyway, why not make it into something beautiful that you can appreciate. Yes, granted, some ideas will only be appreciated by you since you know what you were going for, but who is to say that you may not find your calling in repurposing old and worn out furniture?

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  • DIY Planter Boxes To Improve The Value Of Any Home

    There are very many inexpensive ways to add great value to your home garden and curb appeal. Here are some benefits of using DIY planter boxes to improve the value of any home.

    I am a big fan of making little yet noticeable changes to my home garden. The problem with our society today is that we have been programmed to think that unless you are spending thousands of dollars on home improvement, then you are not really making an impact. That notion couldn’t be further from the truth as evidenced by this fix-and-flip podcast from Rick Otton’s We Buy Houses Radio programme. You can use the smallest things that cost very little money to make tremendous improvements and upgrade your curb appeal. Take planter boxes for example.

    Cheap curb appeal

    Planter boxes just so happen to be some of the cheapest things to buy or simplest to make (depending on the design you choose). Yet, if positioned properly, they can make your home garden seem like a little slice of paradise. If you have never thought about it before, here are some good reasons why you should strongly consider using DIY planter boxes to improve the value of any home.

    They can be used to make a statement

    We all yearn to be unique and unmatched. If you are creative enough you can go for the kind of planter designs that make a statement. Not only will they mesmerise your visitor, but they will also great visual satisfaction to you and the family as well. Think of using stately containers or large urns to bring great ambiance, structure and amazing presence to your front porch. You can even plant medium sized trees or topiaries to at grand entryways to create an awesome visual effect.

    Use them to bring versatility all year long

    The good thing about using planter boxes is that you do not need to have as much space as you would should you have wanted a garden or some such grand plantation. With planter boxes, even your tiny window seal can be transformed into a beautiful orchard that brings great versatility all year long. Also, with planter boxes, you can actually plant any type of flower you want, regardless of the season. All you have to do is move them around appropriately.

    They can be for everyone

    You may think that because you do not have space nor the skill to make your own planter boxes then they aren’t for you. The truth is, a planter box can be anything you envision it to be. You do not have to go the traditional way of placing them on open surfaces. You can even have vertical planter boxes that adorn any porch that has sturdy vertical space. You can simply buy planter boxes that can be affixed to walls. The good thing is that, not only will these be as unique as it comes but it will also double as wall art.

    As for those who think that they just don’t have the craftsmanship to build their own planter boxes, you should know that you can transform anything into a planter box. From bottles, household containers, pails, and even metal tubs. All it takes is a little creativity and you have a planter box. In fact, repurposing household containers are some of the best ways to ensure that your boxes are unique.

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  • 3 Cheap DIY Tricks To Improve Your Living Room

    With just a few fixes, you can make your living room look more expensive. Here are cheap DIY tricks to fix up your living room and add value to your home.

    I am a strong believer in the art of adding value. There is a common fallacy in the world that you must buy the best products or hire the most expensive decorators if you want to make your living room look good.

    The truth is, you don’t have to spend the phenomenal prices importing antique furniture from Italy would cost you. We are talking about simple DIY projects that are easy to do, but still help in appreciating the Value of your home.

    Add dry plank to your wall

    We have all heard about how much people value the look of exposed brick. Slowly, over the years, this has become a symbol of luxury and style. Well, if you are not exactly into exposed brick but would still want to achieve the kind of look and luxury that it brings, then the next best thing is to use dry plank. All you have to do here is choose a small section of your wall and superimpose dry plank wood onto it. It doesn’t have to be the whole living room, just a section (maybe one wall). Dry plank, depending on the type of wood, is highly affordable, easy to nail to the wall and the finished look will not only be exotic but also bring out the ‘exposed brick effect’.

    Create a gallery wall

    A little-known secret in this world is that some of the most luxurious things are perceived. Of course, some things you simply must buy at great value but that does not mean that you cannot create value from the simplest of things. For example, one of the best ways to create the perception of luxury in your living room is to create a gallery wall. Now, you do not have to hand million dollar Picasso paintings on this wall. In fact, you can just hang a few of your well-taken family portraits and so on. This section of the wall will act as your own personal gallery. This is extremely cheap to do but the kind of effect it will have on all those who lay eyes on it will be unbelievably luxurious. It shows them that you are progressive and a lover of the arts.

    Build your own wine holder

    This is yet another illusion of luxury. Instead of going through all the trouble of transforming your basement into a wine cellar (which you can do by the way; it is a wonderful way to greatly increase the value of your home) you can just simply fashion a simple wine holder for your living room. This has to be nothing fancy, just a simple, yet well-designed structure. Just the fact that you have a wine holder in sight makes the whole place look expensive.

    You do not have to spend a million dollars to achieve luxury. Sometimes it is all about the little things you do. With these creative DIY ideas, you can instantly make your living room look expensive, well thought out and increase the value of your entire home.

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  • 3 Simple and Cheap DIY Ideas That Instantly Improves Home Value

    Here are 3 low-cost DIY property renovation ideas that instantly boost the value of your home!

    Property values tend to fluctuate based on few factors such as location, current market trends and ultimately, the kind of home you have for sale. It is no secret that people will typically offer you less for a dreary home than they would for a beautifully maintained piece of property that has the obvious signs of care.

    Maybe you are planning to put your home on the market, or you are just trying to think of ways through in which you can increase the quality of living standards within your homestead. If you are handy, here are some fun DIY projects to improve the value of your property.

    We all know of the little changes you can make to make your home seem a little up to date. These often include things like adding a fresh coat of paint, swapping those old light fixtures for newer, fancier ones, replacing those run down cabinets and making sure the roof doesn’t leak. Apart from these obvious ones, I have found that there are several other things you can do to give the impression that you have a bigger and better home that you actually do. These include:

    1. Adding seating areas outside

    You do not have to go out of your way to buy £1,000 Persian dining tables and seats for your backyard. All you have to do is add something practical and functional. Maybe a simple picnic table and a few chairs. Not only will this give you somewhere to sit on those hot summer days and nights, but it will create a general bonding area for you and the family as well as make your backyard seem more spacious than it actually is in reality.

    2. Build some visible storage space

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    Visible storage space is attractive to buyers.

    Of course, buyers expect your home to have some kind of storage space, either in the attic or the basement and so on. What most homeowners do not realise is that buyers also like to see some visible storage space out in the open.

    Nothing too space consuming or unsightly – maybe just a few floating shelves to show that they have options to store away clean towels and so on. These things are fairly easy and cheap to build. All you have to do is find the right spot, maybe in the bathroom or even in the hallway, to install a few well-designed floating shelves. These racks can be used for family portrait, book collections or anything else that isn’t too heavy nor basement-worthy.

    3. Strategically place an assortment of mirrors

    It is a natural weakness for almost every human being; we are vain. More often than not, even the most macho of men, tend to look at themselves in the mirror. The reasons for this can be varied, but the point is that mirrors are a welcome option in almost every situation. Find a few eccentrically designed ones and sprinkle them throughout the house; in the hallway, the dining room and even sitting room. For one thing, they tend to make the space look bigger and the other thing is that vanity angle we just talked about.

    These are simple DIY projects that will not cost you that much time or money. If you are doing this just to raise the value of your home before a sale, then the best way to go about it is to ask your realtor what the market is looking for and make the changes/upgrades accordingly. The smallest of things could mean the difference between someone meeting your asking price and people low-balling you.

    If you are looking for other low-cost ideas, I recommend tuning in property podcasts every now and again, since flipping is a very popular topic these days. Better still, many of these shows are readily accessible online, free of charge! One such example is this Rick Otton podcast about fixing and flipping. But there are others available as well.

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  • 7 Fun, Money Saving DIY Projects That Increase the Value of Your Home

    There are quite a number of fun DIY projects to improve the value of your property. Once you learn to have fun with them, you could quite easily and cheaply make your home the most desirable property on the market.

    I like men who enjoy fixing things around the house. You know, the kind of men you will always find wearing a tool belt on the weekends? That kind of man drives me crazy. Not only because he is handy, but because all those little improvements made to my property increases its value. This is not to say that I do not occasionally enjoy a fun little do-it-yourself project, I would just rather have someone else do it. Yes, I know – Michelle is a princess. Let’s try not to focus on that; focus on the value addition.

    If you are keen on slowly but surely adding the value to your property, there are some DIY projects that can guarantee you that. These are not even expensive projects, they are fun, often easy to undertake and best of all, they keep you busy on the weekends. Here is s short list of the best ones.

    1. Paint the kitchen cabinets – This gives them a vibrant new look and infuses a new lease of life into your kitchen.
    2. Upgrade the light fixtures – You will be surprised how much better the interior of your home will look with a different set of light fixtures. They don’t even have to be expensive, they just need to look expensive and go with the entire interior design.
    3. Do you have a den? Install a closet in there – By installing a closet in your den, you quite effectively transform it into yet another bedroom. Now instead of the advert saying that it is a 3 bed, one and a half bath, you can say it is a ‘four bed, one and half bath’. That instantly makes the house seem bigger and roomier.
    4. Upgrade your fence – If you are tired of the old picket fence, you can simply infuse a serious dose of privacy to your property by adding a corrugated steel fence. You might have to check with your local homeowners association to see that it is okay to do so. If so, then this will instantly make your home highly attractive to those homeowners not keen on having prying eyes on them.
    5. Simple paint can help improve your home's value!

      Simple paint can help improve your home’s value!

      Repaint the house – This is by far the cheapest way to increase your curb appeal. Your house will look newer and better kept with a fresh coat of paint.

    6. Get drought tolerant plants on your lawn – This is also another good, easy way to increase your curb appeal. By adding drought resistant plants to your lawn, you can be sure that it will remain greener for longer in spite of any water shortage issues.
    7. Jazz up your walls by installing a few floating bookshelves – This is a nice, easy way to infuse a great deal of life to dull wall space. Plus, it gives you somewhere to put a few things like maybe…books.

    These are all little DIY secrets that save money as well as improve the value of your property tenfold. You can involve the whole family if they are not busy rushing off to the Mall on the weekends.

    Oh, and if you’re in need of a little motivation, I like watching shows or listening to podcasts about refurbishment projects. Home Buildings Show can offer a lot of nice ideas in terms of the general look that you want for your home. For more practical ideas (if you’re on a tight budget), there’s also this fix and flip episode in We Buy Houses Radio from Rick Otton where the guests on the show specialised on quick, low-cost refurbishments that allowed them to buy and sell property with a very quick turnaround. Don’t be afraid to take ideas from the experts. Who knows, you may end up becoming one yourself and eventually make money off those refurb projects.

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  • 3 Common Ways to Make Money in Real Estate

    Is Property a good investment? If you have always asked yourself how to make money in real estate, this article will probably give you some ideas you didn’t know before.

    Is property a good investment? This is probably one of the most common questions that usually arise among people looking for investment opportunities. As I have said it before, if you don’t make money from real estate investing, then it’s not investing – it is spending! That being said, property is a good investment as long as you know how to make money in real estate!

    I guess you may now be thinking, “OK, Michelle, I get it. Show me how to make money in real estate”. If this is so, you came to the right person. I have been a real estate investor for many years now and I have been able to live off of it. Here are some of the best ways to profit from real estate investing.

    1. Fix and Flip

    A “how to make money in real estate” list isn’t complete without the fix and flip strategy. With fix and flip, you simply buy a property, remodel it, and then sell it. The key here is to add VALUE to the property. Let me explain. There are some remodelling projects that offer good returns and there are some that don’t. For instance, adding a bathroom to a property that only has one bathroom or remodelling the kitchen will have a favourable return on investment. On the other hand, changing the roof or building a swimming pool isn’t profitable in general.

    2. REITs

    REITs are a particular way to make money in real estate. This is because there is no actual buying of property as it is done with other methods. With REITs, you invest in real estate just like you would invest in stocks. Real Estate Investment Trusts (REITs) can be defined as large funds (some of which are publicly traded) that have as assets real estate properties. With REITs, the returns you get are dividend yields, which are usually higher than those of other assets in the markets.

    3. Wholesaling

    Wholesaling real estate is one of the least risky ways to profit from real estate. You don’t have to buy a home. What you need are good negotiation skills since you will be connecting buyers and sellers. In short, you become the middleman.

    For example, let’s say John is selling a property for £95,000. As a wholesaler, you would contact him and sign an assignment contract, which basically says that either you or anybody else can buy the property for the £95,000. Let’s say, that you contacted someone who’s interested and you offered the property for £100,000. If the deal is made, you can make $5,000 this way.

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    There is always room to learn new things in real estate

    The above ways of making money are only the tip of the iceberg when it comes to real estate investing. They are a good starting point to get you going. There are many courses available out there that go more in depth on this topic. I have tried many of them and I have found out that most of them weren’t a good “bang for the buck”. However, there was one special course I tried that has made me hundreds of thousands of dollars. Plus, it has made my real estate investing career swifter since I have been able to simplify processes that took me hours upon hours in the past. This is the Intensive Property Cash Camp by Rick Otton. If you are interested in it, you can check it out by following the link below

    Always remember that education is one of the building blocks of real estate investing and investing in general.

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  • Different Ways to Make Money in Real Estate

    Is property a good investment? With well over 100 different ways to make money in real estate and the fact that it is one of the most stable markets, we would say, yes! Property is a good investment.

    I love houses. I mean seriously, haven’t you ever seen one of those houses on a hill overlooking the bright lights of a city (say LA) and thought to yourself, that architect must be a descendant of royalty or divinity? Truth is, we all love a beautifully designed house.

    But you see, people like me are still regular people who need to earn money. So what I do is combine my passion for houses to make money out of it. That is the only reason as to why I invest in real estate. Let it never be said that I was misleading. I am in this for the money. The fact that I get to own (buy and sell) some of the most gorgeous pieces of real estate is just a wonderful perk of my life.

    Now, I understand – ever since that dreadful bubble, people have been a bit more than just a little skeptical when it comes to investing in real estate. Yes, like any other investment opportunity, there is some element of risk attached to it. But, honestly, without that risk, the money you make in real estate just wouldn’t be as exhilarating.

    That being said, even though investing in real estate does have some risk, there is still serious money to be made in this field. If you are still looking for sure-fire ways of how to make money in real estate or are constantly asking yourself, “how can I make money” or “is property a good investment”, pull up a chair, let me tell about a few amazing ways through which I make money in real estate day in and day out.

    How to make money in real estate:

    The first thing you need to do is ask yourself in what kind of property would you like to invest in. You see, real estate is about much more than just houses. Here are your options:

    Raw land:

    Ever heard of ‘The Landed Gentry’? These were noblemen, who above all else, possessed huge tracts of land. And this made them ‘better’ than everyone else around them. Owning raw land still has that kind of clout. Not only is it an investment that will never go bad, but you can also subdivide it to make more money from selling it off piece by piece. Or you could wait until your local council earmarks your property for a development project and then charge them an arm and a leg for it. It is all in the location and research of the property you buy. Either way, this is an investment that can only appreciate.

    Develop the property:

    Once you have land, the best way to raise its value is to develop it. Some people choose to put up commercial buildings while others choose to put up residential buildings (either single homes of duplex/triplex or quads). Not only will you be getting rent from these developments, but you’ll also have financing options available to you. With your land as collateral, it becomes easier to secure financing from traditional institutions.

    Industrial properties:

    Another way to go is to develop industrial properties on your land. These include manufacturing plants, distribution centres, warehouses and so on. These are the kind of developments that hardly ever lay idle.

    Starting Small

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    Don’t feel pressure to do the big deals right away. Start small and work your way up.

    Granted, the first three I mentioned are only possible if you have a sufficient starting capital and contacts in the property development and building circles. What happens if you don’t have either of these? The good news is that it’s always possible to start small in real estate.

    The traditional way is to buy semi-rundown properties, fix them up and put them back on the market with a favourable margin. The goal is to find low-cost properties so you can get in low, and then sell high. Remember, not all refurbishments need to be expensive. You just need to know which projects affect prices the most so you know which projects to prioritise.

    The projected profits from these won’t be as big as when you own a piece of land. But even then, fixing and flipping just one property can net you as much as a year’s worth of extra income if done right. What happens when you do 2 in a year? How about 3? If that sounds too much, understand that seasoned investors who started out small are able to close 10 or more deals in a year – so it is possible to build your way up.

    If you are interested in hearing stories about how ordinary folks are able to start their way in property investing, there is a nice Podcast I tune into hosted by Rick Otton, and these episodes focus on real life deals that aren’t out of reach for the average Jane’s and Joe’s. Nothing like good ol’ inspiring stories to keep you motivated!

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