What is the procedure to flip a buy to let property

Discussion in 'General Property Investment Discussion' started by youngken, Nov 4, 2019.

  1. youngken

    youngken New Member

    I bought an off plan property and with a 3 years management contract with developer in a buy to let basis. Can I flip my property before completion? Shall I need to inform developer and get a consent before flipping?
     
  2. diyhelp

    diyhelp Active Member

    I would first check to see if there are any restrictions in the management agreement that you signed. If not, then you should be free to flip the property.
     
  3. youngken

    youngken New Member

    I think all contracts is more or less the same. For normal circumstance, right of flipping is common or not?
     
  4. Longterminvestor

    Longterminvestor Administrator

    Put yourself in the shoes of the developer, if someone was to flip one of their properties at a much higher price than they bought it, that would look brilliant on their sales literature :)
     
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