How To Profit From Zombie Homes In The UK: The UK housing market is broken – and once you understand how much it actually costs to build a house in Britain, it makes even less sense! In a recent video, I expose how, in some areas, it is cheaper to buy a house than to build one! I also show you a strategy that allows you to profit from these market conditions.
If you want to understand the real cost of building a house in the UK, I have produced a free guide breaking down the figures for you. Make sure to download a free copy of the guide, and read it alongside watching the full video. You can watch the video on this page, or via YouTube, where you can leave a comment!
House builders face a lot of challenges at the moment. The planning process continues to be bureaucratic and time-consuming. The cost of building houses has gone up, but the price of property often hasn’t risen by the same amount. In some places, it is cheaper to buy an existing property than to build one!
That’s where so-called zombie properties come in! They are properties that have been left empty for 2 years or more, and are often unmortgageable due to being in a state of disrepair. Owners of these properties are now hit with a 300% rate of council tax, and are typically desperate to get rid of their houses.
Instead of building homes, many people are buying these properties and repairing them! In this article, I will show you how to profit from zombie homes in the UK. From identifying zombie homes to profiting from capital uplift, this blog post will explain the strategy, so you can decide if it is right for you!
I think a lot of people could benefit from learning how to profit from zombie homes in the UK. Not only is it a great way to make money, it also helps put houses back into use. This helps to solve the housing crisis. That’s why I want as many people as possible to read this article!
If you found this article helpful, please share it on your social media pages! That way we can get more homes being lived in again, while helping people achieve their financial freedom goals. Thank you to everyone who takes the time to share this blog post, it really does make a huge difference!
1. How To Profit From Zombie Homes In The UK: Identify Zombie Properties!
Find an area where properties sell for less than they cost to build. Then look for rundown houses that have been empty for a long time.
You can look for properties that have been listed for sale for an extended period on property search sites. You can also search off market, by finding empty properties in-person, and contacting the owner to make an offer.
2. How To Profit From Zombie Homes In The UK: Buy, Refurbish, Refinance, Rent!
Next, you need to buy the property. As the house will be uninhabitable you won’t be able to get a mortgage on the home.
Instead, you will use a bridging loan. This allows you to buy the property, and then move it on to a mortgage following the refurbishment.
If you do the buy, refurbish, refinance, rent (BRRR) strategy correctly, you will be able to pull all your money out of the deal in the form of a mortgage!
3. How To Profit From Zombie Homes In The UK: Wait For The Market To Catch Up!
As you have bought in an area where properties cost less to buy than to build, there is a lot of room for capital growth.
When the house goes up in value significantly, you can refinance it again, and use the money to invest in more properties!
How To Profit From Zombie Homes In The UK: Get Started In Property!
Now that you know how to profit from zombie homes in the UK, it is time to learn how to get started in property in the first place! 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!
