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Does flipping properties in the UK work as well as the US?

L

Longterminvestor

Administrator
I have been watching some US property reality shows which show investors flipping US properties sometimes for significant profits. Is there the broadness of market in the UK for this type of activity? This is something which certainly interests me.
 
R

realdeals

Active Member
There are always opportunities for flipping properties for those who have the confidence and the finances. Volatile markets work best for flipping especially when there are distressed sellers.
 
P

Property Buyers

New Member
UK is a great place to invest for flipping properties but you should get a help from local property experts on that.
 
L

Longterminvestor

Administrator
Totally agree, there are always distressed sellers around, it is just a case of finding them as money on the table does talk. I think the key to flipping is to buy cheap, spruce the property up and then not be too greedy when selling up.
 
Lime Auction House

Lime Auction House

Member
Forum Partner
Of course but it's not as easy or as lucrative, as it was say 3 years ago.

More people are doing it now and it's a buyers market.


Sent from my iPhone using Property Forum
 
R

realdeals

Active Member
If you dig deep enough you will find some bargains but you will need to be patient.
 
H

Henry Martin

New Member
Also you need the expertise to do it right. Most people who flip houses have some knowledge of construction. This helps them fix up the home but it also allows them to spot the difference between cosmetic problems and real structural issues.
 
D

diyhelp

Active Member
While there will probably be structural issues the vast majority of the improvements required will likely be cosmetic. Do not fall into the trap of thinking you have to spend a fortune before you flip a property.
 
N

nmb

Well-Known Member
Flipping is not an investment strategy purely for the US market - it works everywhere as long as you are willing to do the research and put in the time and effort.
 
Joe Aston

Joe Aston

New Member
Forum Partner
Be aware that if investing in the distressed market (as floated around earlier in the thread),that you will limit your lending pool and willing lenders have harsher criteria. Absolutely not a deal breaker though if you are not intending to use 100% cash to purchase.

Ensure to get specialist advice from a financing viewpoint to make sure you are taking out the right finance options.
 
L

lookinginvest

Member
The added cost/limited availability of finance for distressed properties is something which many of us have probably never considered. Any increase in costs will eat into the final profit margin and could make a difference if margins are tight.
 
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