Your Property Success with renovation

Jane Slack-Smith

The book is packed with experiences, including things to watch out for.
The trident strategy that means you make money (or at least don't lose money) because three prongs rather than one give you a better chance

  1. buy a property below its market value (which means you have to do a lot of research to know the market value). 
  2. buy in an area experiencing above-average capital growth
  3. add value through a planned renovation, on budget and on time
The book has checklists for all of these.
Also understand your finances, your good and bad debt. Understand opportunity costs, e.g. mortgage insurance may allow you to buy sooner and make profit sooner.
risk = probability x impact (actually risk = liklihood + consequence)
Always have a plan B.