By investing $50,000 to buy and renovate a $250,000 home, increasing its value to $300,000 within a year, and repeating this process every 18-24 months, one can potentially double their investment and accelerate retirement goals.
"If you're able to save $50,000, you could use that towards buying and renovating a $250,000 home. If you find the right deal, a strategic renovation could increase that property's value to $300,000. And within a year, you've doubled your initial investment, giving you a great property now to rent out. If you're able to do that every 18 to 24 months, you could hit that retirement goal fairly quickly."
