#217

Have you thought about flipping UK property to make some cash? 

Have you thought about buying a property to flip via the so-called modern method of auction using companies like I Am Sold? 

Have you wondered how to buy a property at discount without having to build relationships with lots and lots of estate agents in your chosen location? 

Well, if you thought about any of these three questions before then this episode is for you. 

And if you’ve thought about all three, then you’re in for a treat!

Simon Duckworth of Triangle Property Solutions  actively sources and renovates properties for profit. 

With extensive experience in the auction space, Simon has developed a very strategic approach to property investment.

We discuss:

·       Buy 3, sell 2, keep 1 strategy

·       Overview of traditional auctions

·       Overview of Modern Method

·       Tracking properties through multiple auction cycles / price reductions

·       Watching listings for signs of seller motivation

·       Step-by-Step Process of a flip listed on I am Sold

·       Probate properties / SDLT 

·      The “no offer offer”

·       Importance of timing and repeated engagement through auction cycles

·       Refurb contingency

·       Conveyancing timelines 

·       Selling strategy: price setting, agent selection, market testing

·       Differences in pricing strategy between corporate and family-run agents

·       Holding / selling costs

·       Risks / challenges in Flips

·       Risks: time overruns, market sentiment, refurb estimates

·       Tips for Successful Flipping

·       Need for organization / tracking

·       Testing market prices / negotiation: “Say No Twice” strategy

·       Buffers (refurb AND time)

·       Maximizing Profit and Market Adaptation

·       Expectations (profit / timelines)

·       Adapting to slower / fluctuating markets.

·       Lessons from HMO Challenges: Regulatory Headaches

·       Simon’s near disaster with a large HMO project due to neighbor complaints.

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Keywords

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