Why property flipping is TAKING OVER

There is a new strategy slowly taking over.... Property flipping! I love a property flipping, but you need to make sure they are the right strategy for you! This video is going to give you a quick low down on all things property flipping! Today I am going to give you some tips and tricks for property flipping to help you! Have you endeavoured in property flipping in the past? Are you looking to start a property flipping journey? Let me know in the comments about your property flipping plans and experience!!

LENDLORD -
or
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00:00 - Intro
00:07 - Property Flips
03:35 - How to finance
04:29 - Where to find bridging
05:59 - Top Tips

[markroberts]

I have done a few of these through a limited company over the years and I have to say the business model does not really work anymore. Unless you buy the property that you intend to renovate at a incredibly discounted price the profit margin is very small and not worth the aggravation and risk. By the time you factor in paying the extra stamp duty, paying 20% more for materials and labour (no vat relief) corporation tax on the net profit plus the costs you have already hi-lighted, there is not much left. In fact if you reverse engineer the numbers as you illustrate and add in the costs I mention I doubt anyone would start the project. Its definitely not scalable.
The only way this strategy works in my mind is if it is your main residence and you self build one at a time. Even then unless you are a builder or take on a lot of the work its very high risk.

[mentor]

I agree with most of comments that this does not work anymore, there is no property that is truly below market value, once you factor in costs of finance and time to do the project, £0 profit
I have done for many years unless in or around london you will straggler to make any profit at all,

I understand buying at a good price, but who will sell a lesser price that advise to sell, so how do you find a good price property very unlikely,
I thinking stock and shares is a better way to make money passively,

I have several properties and don’t get any better value if i had invested in stocks and shares,
Soon as the market returns to sellers market i will be shifting my portfolio,

[Neddiek]

How soon can you flip a property that you bought in your name after you purchased it.

[thepropertyflipper]

I've ben flipping for 5 years now ( as a side hustle). My biggest challenge is finding the 1% or 2% of properties that have enough fat in them to make enough profit.

[stephenllewekyn]

You cannot get it with a remortgage. We tried that avenue, and ended up getting a BTL instead.

[OnlyOneFormula]

Hello mate I have 2 rental properties in the UK and I'm about to move to live in the U.S any idea how the tax would work for me?

[cameelb]

So i can't do this if i have mortgage on my ONLY house ???

[markroberts]

From what you say its best to do one at a time and keep each property as you'r main residence. To avoid tax issues. Can you reclaim VAT on a refurb?