This week we’re talking about buying to sell – why would you flip a property, and how do you make sure you avoid the risks and secure a good profit?
We got help in putting this episode together from Susannah Cole from The Good Property Company, who recently helped us to put together a course on profitable property flipping in The Property Hub. The course has a whole lot of detail that we didn’t get into on the podcast, but in this episode we tried to give an overview of how the process works, and the rules to stick to so you avoid the major pitfalls.
So, take a listen and find out:
- The reasons why you might want to do a flip
- The sources of finding deals
- How to analyse potential buy-to-sell deals
- Different financing methods you can use
- How to oversee a successful refurb
- What to keep in mind during the sales process
Resource of the week
This week’s resource is a scheduling add-on for Gmail called assistant.to.
Scheduling a convenient time to meet is always a pain, and this little plugin makes it really easy. When you’re writing an email and you want to suggest some times to meet, it pulls up your calendar so you can select the times you’re free. These get inserted into your email, and all the recipient needs to do is click on their chosen time to book it in on both parties’ calendars. Easy!
We’ve talked about other scheduling solutions in the past, but this one is quickly becoming a favourite because it’s so quick and easy to use.
News this week
The solution to a steadier housing market is more speculation, not less – that’s according to this opinion piece on Forbes.com.
It was prompted by the recent figures showing that London house prices have started falling rapidly, and makes the point that prices always crash because there’s no way of speculating on price falls – meaning when they come, they happen hard and fast.
It’s an interesting perspective, so have a read!
This week’s mentions
A listener left us a voicemail this week asking about the process of buying below market value, so we mentioned a free course about BMV property in The Property Hub. If you’d like to know more about buying below market value and you have 15 minutes to spare, check it out now!
Join the conversation
Have you conducted any buy-to-sell projects that have gone well – or not so well?
Is there anything putting you off giving it a try?
We’d love to know, so join the discussion in The Property Hub!
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