This Property Life Podcast

Flipping Property in a Recession to make Ten of Thousands of Pounds


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In this podcast episode, Caroline Claydon is joined by property investor Jordan Kynoch, who shares the details of a successful flip he recently completed. Jordan discusses the strategic decisions and challenges he faced while turning around a distressed property in a village between Perth and Dundee

KEY TAKEAWAYS

  • Jordan's property flip resulted in a profit of over 80,000 pounds, exceeding his target and showcasing the potential for success even in a challenging market.
  • Jordan's ability to secure off-market deals highlights the importance of networking and leveraging contacts in the industry to find lucrative opportunities.
  • Listing the property during the Christmas period, typically considered a slow time in the market, proved to be a smart move as it attracted serious buyers and led to a quick sale.
  • While the primary goal was a flip, Jordan had a secondary exit strategy in place, considering the option of renting the property if needed, showcasing the importance of having backup plans.

BEST MOMENTS

"I was aiming at least doing, trying to get at least 40 grand across from the flips."

"It's a really exciting time and it's hard for people to understand how much opportunities are out there when you read the media, right?"

"I bought it off market again and I've not touched it. I'm putting it back on to sell it straight away because I bought it at such a good price."

"I always like to do something a bit different to the norm, because it means that you've got that extra step ahead and you've got that jumpstart."

 VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591       

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem    

ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

James D’Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO’s and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey.

CONTACT METHOD

You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Email: [email protected]

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

Hosted on Acast. See acast.com/privacy for more information.

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This Property Life PodcastBy This Property Life

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