7 Mistakes Property Investors Make Flipping Houses
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- เผยแพร่เมื่อ 25 ส.ค. 2024
- Flipping houses in the UK is not as simple as people make out. In this video I am going to reveal the 7 mistakes property investors make flipping houses.
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If you want to start flipping houses and investing in UK property then I hope you found this video helpful. If thats you but you don't have the capital to start buying investment properties, I am running a full day of in person training to teach a handful of people how to launch a property deal packaging business. If you're interested in finding out more, check out the link above.
House flips in the UK are a great way of building capital but it isn't as straight forward as some people make out. That's why, in this video I break down the 7 mistakes that I see property investors in the UK make when they come to flip their first property.
#houseflips #flippinghouses
Acquiring my first rental property was a pivotal step in my investment journey. It's not just about owning property; it's about generating passive income and building long-term wealth. Finding the right property, understanding the market, and managing it effectively have been key. I wasnt financial free until my 50’s and I’m still in my 50’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made😊
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Absolutely brilliant video. Love it!
Glad you liked it!🙏🏼
Great video man im only 17 but im doing everything in my power to learn about my dream job.
Great video mate thanks
Great video mate, I enjoyed it
People always say buy below value (kinda obvious), but how exactly do you do that?
How do you spot a 100k property for 80k exactly, that another savvy investor hasn’t already?
Nice video bro. Appreciated
Top vid bro sone really good information 🙏 god bless
Very helpful 👍🏼
Good advice-(thanks)
Great advices🎉
Very helpful tips, thank you. What do you mean by end value contingency? If the end value is less than what you would've expected, what can you do at that point? Would just looking at average sold prices on the same street be enough to base an end value?
To be fair, im not all the way through the video as i type this, but locality of the individual is surely a factor as well. Like you say, if a house hasnt sold in a specific area for a decade its suspicious right? but what if you know it is a good area as you have lived nearby would that sway a decision or would you still be dubious due to the unknown time others have spent on the market in the past?
True, it could also indicate that’s a solid area
Nice one Jack…excellent video!!
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🙏🏼
Great video Jack- keep up the content
Thanks Harry! Every Sunday there will be new content. Hope you continue to enjoy 🙏🏼
This video is so useful! Going for my second auction /first refurb so this helped a lot
Using an inexperienced property sourcer should be included also jsjsjsd
Everyone was “inexperienced” at some point…..js
Someone with only 1/2 client(s) is going to devote all their time and energy into getting it right for their 1/2 investor(s) rather than spreading themselves around 10/12.
@@elizabethshelby5613 So?
@@cemonex that last comment says more about you than me!
@@elizabethshelby5613 Yes, because that's how you do business, with emotions. Tell your comment to "real" investors they will give your answer jsjsjsd
@@elizabethshelby5613 I understand what you mean in a way. However, an "experienced property sourcer" would likely have a small team of professionals, enabling them to efficiently source property for the 10/12 investors (you being one of them) and due to their experience within the field, you can trust that their due diligence is adequate and that they can much more likely guarantee success, compared to an inexperienced sourcer. Whilst it's true that a beginner may have heart, that doesn't really matter at the end of the day when it comes to business; what matters is results. If the sourcer manages to get results then he will obviously succeed within the industry. However, you could also argue that due to the beginners fresh perspective, they might be able to find more unique deals that the experienced one may gloss over due to past experience. I guess it depends on whether the investor would like to give the newbie a shot or would rather pay a bit more for the experienced sourcer, who is more likely to produce results. Again, it really just comes down to the person and how efficient you want to be.
Recently my parents have bought their house for 185k and every other house in that area usually goes for 220k
Nice! See, they’ve locked in profit from day 1. It’s the best way forward
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