The "Flip" is an incredibly popular property strategy, but how does it work, and how can we make sure it works for us? In this episode, Marika and Marek talk you through how to make the "flip" work for you.

 

KEY TAKEAWAYS

• The flip is a strategy by where a property is bought at as low a cost as possible. The investor then adds value and sells at a profit.
• When selecting a property to flip, choose the area carefully, considering such factors as education, transport links, and crime rates.
• When considering prices to pay, look at prices of houses in the same area that have sold already - not the houses that are currently on the market. You need to know how much houses have been sold for.
• Keep in constant touch with builders during renovation times. It's so important to make sure you don't have ownership of the flip for any longer than you have to. The longer you own it, the more money you're missing out on.

BEST MOMENTS

'Flip is purely for the profit'

'It comes down to knowing your area'

'You need to agree timescales. This is very important'

'It's a true return on investment that we're looking at'

VALUABLE RESOURCES

Investing Earning Living Podcast - https://omny.fm/shows/investing-earning-living

ABOUT THE HOSTS

Marika and Marek are experienced investors and owners of multiple successful businesses. The hosts went from having nothing to becoming multimillionaires in their early 30’s thorough hard work, dedication and desire to change lives.

They have battled unforeseen life’s circumstances and challenges which made them realise that they do not want to be in the same rat race as others. Valuing diverse investment strategies, business avenues and multiple income streams, they are passionate about helping others to succeed in life. Listen and learn.

CONTACT METHOD

Email- [email protected] 

Phone - 0333 050 9443

Facebook - https://www.facebook.com/Investing-Earning-Living-1669019896663211