my goal is to become a self made millionaire trough property development,my idea to get there is trough buying cheap houses lower than the area average then renovating it for a fixed amount making a bit of profit for example
house 150k
area average 200k
renovation costs 20k
150k+20k=170k giving me 30k profit and thats just the average and could pull my money back out
i would apreciate it if i could have a few tips and tricks and to see if its possible to do and or any tips thanks.
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source https://www.reddit.com/r/RealEstate/comments/kni5hx/can_i_achive_my_goals_with_my_stratergies/
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