#242

Justin Wilkins of Property X has a YouTube channel with over 250 videos largely aimed at those making their first moves in UK property.

One of them goes by the title of: Best Property Strategy to Start as a Beginner.

That strategy is flipping. 

A flip is when you buy a property, renovate  it to increase its value, and then resell it for a profit as quickly as possible.

In this episode, I play deveil’s advocate to Justin!

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37 Question Due Diligence Checklist / Auction Guide

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We discuss:

• Why Justin recommends Flipping for New Property Investors
• Risks Associated with Flipping vs. Buy-to-Let
• The Value of Hands-On Experience
• Dealing with Rising Renovation Costs
• Increased Competition in Property Acquisition
• The Importance of Volume in Deal Flow
• Managing Project Timelines and Profitability
• Flexibility in Exit Strategies
• Distinguishing 'Fast Pounds vs. Slow Pounds'
• The Need for Balance Between Action and Analysis

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