R
RJPoperty
New Member
Hi all, I'm completely new to this and I have a number of people telling me not to do it and a similar number (already successful) telling me to go for it.
Basically, I have £20k to invest and my strategy is to flip a couple of properties to build capital, before ultimately starting to build a portfolio. Properties in the area I'm looking at that need investment usually sell for £60k/£80k. When refurbed, they sell for between £80k/£110k.
I was planning on using a mortgage for finance and as I work in the construction industry, I have loads of people I can draw upon for favours in terms of refurbs.
Any help or advice would be appreciated!
Basically, I have £20k to invest and my strategy is to flip a couple of properties to build capital, before ultimately starting to build a portfolio. Properties in the area I'm looking at that need investment usually sell for £60k/£80k. When refurbed, they sell for between £80k/£110k.
I was planning on using a mortgage for finance and as I work in the construction industry, I have loads of people I can draw upon for favours in terms of refurbs.
Any help or advice would be appreciated!