Successfully executed, a buy-and-flip strategy is the quickest way to create immediate capital gain (equity) within the property, because once renovations are finished, the property is worth more.

Often, this strategy can be used by investors who are just starting out and need more equity to become buy-and-hold investors.

So by painting the walls, adding a bedroom, or changing the carpet, you can increase a property’s value relatively quickly and then sell for a profit.

As we mentioned earlier, we Kiwis like the idea of painting a room, ending our day tired, our clothes weary with paint drops. It’s a bit of a dream.

But it pays not to lose respect for the technical aspects and knowledge required to execute this strategy.

As much as it…