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Victor Kumar, director, Right Property Group
One of the easiest ways to increase your equity in a property is to obviously undertake a cosmetic renovation. Now one of the rules of thumb that most people implement is that for every dollar that you spend on renovation you need to be making at least $3 in equity. Now often that does not work out because if you're focussing totally on properties with renovation potential the first step is to actually buy it at the right price. So it spall starts with buying that property at the right price so that you can actually manufacture the equity.
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