How To Profit From Refurbishing Property In The UK: Albert came to the UK from Poland with nothing. He didn’t even speak the language. Now, he's flipping property, making £100,000 profit on a single deal! In a recent video, I document his transformation from a coffee shop worker to a high-level property investor!
If you want to see a behind-the-scenes look at exactly how Albert made £100k from a single property deal, please watch the full video until the end. You can find the video at the top of this page or via my YouTube channel. If you want to know how to profit from refurbishing property in the UK, this case study is a great place to start!
Many people struggle to get started in property because they think it is only for the rich. In reality, people from all backgrounds can make it in the property game! In this article, I will show you how to profit from refurbishing property in the UK in 3 simple steps. By the end of this blog post, you will have a starting point for getting into property flipping or buy, refurbish, refinance, rent (BRRR) deals in the UK.
Refurbishing property isn’t just a great way to make money, it also means that uninhabitable or rundown properties become homes for people. This helps increase the supply of housing and eases the housing crisis.
I want to see as many people as possible refurbishing property in the UK, by getting property education into the hands of the public!
I need your help to reach as many people as possible! Please would you consider sharing this blog post on your social media pages? With your help, we can get more people to transform unusable properties into stunning homes!
1. How To Profit From Refurbishing Property In The UK: Buy Rundown Property!
If you want to start refurbishing property, you will need to find rundown properties in need of refurbishment. In many cases, this will mean finding the unmortgageable properties that most residential purchasers overlook.
You will then use a bridging loan to buy the property. You could also use your own money, or an investor's, to buy in cash.
2. How To Profit From Refurbishing Property In The UK: Push Up The Value!
Next, you need to refurbish the property in a way that pushes the value up the most, at the lowest cost. This is where you must rely on formulas over feelings. This is not a home for you to live in, your personal tastes don’t apply here.
Understand the types of changes that generally add the most to a valuation, but also take time to learn what is valued in the local market you are in. If you get this step wrong, it could prevent you from being profitable!
3. How To Profit From Refurbishing Property In The UK: Sell Or Refinance The Property!
Now that you have a refurbished property, it is time to decide whether to keep the property or sell it for a profit.
If you decide to keep the property, you will need to move it to a buy-to-let mortgage. If you have pushed the value up enough, you can then pull all your money out of the deal. This is because the mortgage will be based on the properties new value. You can then use that pot of cash to buy another property, while keeping the first!
How To Profit From Refurbishing Property In The UK: Get Trained!
Now that you know how to profit from refurbishing property in the UK, it's time to get some training! Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
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The SECRETS to becoming a successful property investor
Get immediate and actionable insights to accelerate your property investment journey.
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How to LEVERAGE other people's money to get started
Begin to understand the strategies to use to reduce the barriers to getting started.
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How to FIND fantastic property opportunities
Understand where property professionals source the best deals.
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How to RECYCLE your money again and again
Don't just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
