J
jrtbartley
New Member
TV shows like 'Homes Under The Hammer' have helped perpetuate the myth that active property development is easier and possibly more profitable than it actually is leading to many inexperienced developers to think that they can make a career out of it.
A lot of people think that flipping a house like they do on the telly is easy, can be done DIY and always carries guaranteed ROI. However, there are so many things that can go wrong with this way of investing, whether that be unforeseen issues with the property structure, declining housing markets or inability to develop on time and on budget. It's a high risk, high pressure investment when you don't know what you're doing. If this sounds like you, it may be best to surround yourself with a team that help keep renovations on track - whilst they can help mitigate against risk, the nature of this kind of investment means you can't completely avoid it.
A lot of people think that flipping a house like they do on the telly is easy, can be done DIY and always carries guaranteed ROI. However, there are so many things that can go wrong with this way of investing, whether that be unforeseen issues with the property structure, declining housing markets or inability to develop on time and on budget. It's a high risk, high pressure investment when you don't know what you're doing. If this sounds like you, it may be best to surround yourself with a team that help keep renovations on track - whilst they can help mitigate against risk, the nature of this kind of investment means you can't completely avoid it.