Quotations by Ian Szabo

The ideal renovation job for a real estate investor is paint, a thorough cleaning and a flooring job. When doing these simple renovations you're in and out quickly, which allows you to start earning an income or a profit on the property quickly. The small interior stuff can add the most value. [2012] - Ian Szabo

An RRSP loan placed as a second mortgage on one of our properties with lots of equity has been the biggest source of renovation funds for us. Usually we can double our money on a renovation-so a $10,000 investment becomes $15,000 to $20,000 in value fairly easily. In other words, even if we pay $1,200 to borrow that $10,000, we usually make at least $100 per month more in rent and add between $5,000 and $10,000 in value from that money, making it a huge return on our investment. [2012] - Ian Szabo