Secrets of Successful Property Flipping

In this podcast episode, Liam shares valuable insights and tips on how to successfully flip properties in the UK for significant profits. The episode begins by emphasising the importance of choosing the right location with a demand for affordable housing. He also advises on the benefits of raising joint venture funding, allowing investors to finance the purchase and refurbishment of properties. The episode concludes with advice on running the numbers, setting profit goals, and the opportunity to attend free property events hosted by the host and their team.

KEY TAKEAWAYS:

Location is crucial when it comes to successful property flipping. Choose an area with a demand for affordable housing and the type of property you want to flip.

Raising joint venture funding can be beneficial, even if you have your own money. Using other people's money allows you to do more deals and achieve infinite returns.

Building relationships with the right team is essential. This includes agents, vendors, solicitors, brokers, tax advisors, architects, and a build team. Leverage their expertise and become the manager of the manager.

Seek great tax advice to structure your purchases and access profits in a tax-efficient way. Consider setting up a special purpose vehicle (SPV) or limited company to buy and flip properties.

Focus on motivated sellers, especially in a buyer's market. Offer them a good deal while building relationships with agents who can bring you potential deals. Run the numbers and ensure that a flip will make you at least £40,000 in profit within a 12-month timeframe.

BEST MOMENTS:

"It is absolutely essential that you choose the correct area where there is the demand for affordable housing." 

"Always make sure that you have the capital available either your money or someone else's money… Infinite return." 

"Leverage the team, get them to do the work, you become the manager of the manager." 

"Make sure that you are structuring the purchase and you accessing the profits in the most tax-efficient way." 

"Focusing on motivated sellers making sure that you give them a good deal… and really make sure you nurture that relationship." 

VALUABLE RESOURCES:

The Dealmaker Podcast - https://omny.fm/shows/the-deal-maker-by-liam-ryan

Assets For Life - https://assetsforlife.co.uk   

CONTACT DETAILS:

Instagram - https://www.instagram.com/liamjryanwealth/

Facebook Page - https://www.facebook.com/LiamJRyan.AFL

Facebook Personal - https://www.facebook.com/profile.php?id=100010124928017

ABOUT THE HOST:

You're listening to The Deal Maker podcast with Property Expert, Property Multi Millionaire and Joint World Record Holder Liam J. Ryan. If you want to become a master negotiator, close more property deals, become a great salesperson and live a better life then The Deal Maker podcast is for you.

Liam is a property investor, business owner and Entrepreneur helping people make more money and live a happier life