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There is a ton of opportunity out there to make money if you want to reno a xer-upper, but there are also a ton of people out there who lose their shirt because they don’t know what they’re doing.What is so great about being in the business of renovations for you two?Drew: The reason people make money in this business is because hav- ing a beautiful home is something peo- ple aspire to. If everyone could build and everyone was a designer than ev- eryone would live in a beautiful home but that’s just not the case. That’s the bene t for people like us, we love be- ing able to take a home and turn it into something beautiful.“The reason people make money in thisbusiness is because having a beautiful home is something people aspire to.”Where are your favourite places to invest and renovate right now?Jonathan: Every city has multiple mini markets within them where you can make or lose money. One of the places we love is Vegas—we have been there for many years and done well there. Nashville is another place that is a great city and sustainable, and right now it’s got a spotlight on it domesti- cally.Drew: We’ve invested heavily over the years in Canadian cities like Cal- gary, Vancouver, and their surrounding areas. We have also purchased places in LA. But a key deciding factor in some of those markets is price points: you need to stick with what you know and not pick something that is 1,000 miles away if it’s going to be impossibly ex- pensive to renovate. And you have to have a good contractor in any market you’re in. There are lots of people who think they’ll save money by doing re- pairs themselves, but in the end after lots of time and money is put in, the quality of the work isn’t good and they would have saved so much more hiring a local contractor.What about your own brand? How have you made the Scott brand what it is today? Has becoming celebrities made it easier in your business?Drew: Celebrity certainly makesJuly, 2017 | Canadian Industry Online| 11