Ronovationz was established by Super Investor Ron Hoy Fong who has independently built his own successful Property Portfolio and now wants to show others how to do it. Ron shares a great passion for Property and put together a great team to inspire and empower others who wish to follow in his investing footsteps.
Ron was instrumental in turning $180k into approximately $1.8m as of the end of January 2005 based on QV online e-values, payong out around $3.0m for 21 properties and borrowing $2.8m to finance it all. Half of the value increase would be a direct result of cosmetic do-ups combined with buying below values, and the balance is a direct result of Capital Growth value increases.
People who come to our one day workshops and provided with tips on how to find places, how to negotiate and bargain. A unique step by step renovation approach is provided with the names and addresses of my suppliers conditioning vendors and agents alike, financing tips, and tenant selection.
This is a business sense approach to buying property wholesale and preparing it towards a retail value.
All Ron's properties have to this date been "Buy and Hold" (over 30 properties valued today around $25m).