18 Comments

  1. Hannah
    23rd February 2012 @ 11:19 pm

    Great detail guys, brilliant post

  2. Jeff
    23rd February 2012 @ 11:24 pm

    personally only ever bought and flipped until I met you guys in 2009. You have given me a whole wealth of knowledge to be able to make money out of a number of different strategies

  3. Claire
    29th February 2012 @ 11:20 am

    Excellent honest information. I have tried this and it works. Just be brave and give it a go!

  4. David Watkins
    29th February 2012 @ 1:14 pm

    Not quite relevent to this blog post but….bring on the PPSC!!! Can’t wait

  5. Pete Gammon
    29th February 2012 @ 2:47 pm

    I have had a lot of success with the assisted sale strategy recently, great margins and time scale relatively low

  6. Bob Davies
    29th February 2012 @ 3:47 pm

    I have not really tried flipping deals, but may start to be able to raise some capital. Great stuff.

  7. chris roberts
    29th February 2012 @ 3:50 pm

    Could someone explain what is an ‘assignable’ contract?

  8. Eddie Knowles
    29th February 2012 @ 3:54 pm

    I found strategy 4 really an interesting option, never thought of this before, positioning yourself as a Letting agent. Thanks for the heads up.

  9. Steve Wright
    29th February 2012 @ 4:43 pm

    For Chris Roberts. Chris, an assignable contract enables you, the buyer, to transfer your position to someone else who then becomes the buyer. If you’re planning to do this, make sure the contract is set up as “assignable” from the outset

  10. David
    29th February 2012 @ 4:46 pm

    Hi Chris,

    Straight from Google…:)

    A futures contract with a provision permitting the contract holder to convey his or her rights of assignment to a third party. This enables the contract holder to assign the rights and obligations of a contract to another to perform and receive the benefits of that contract before it closes.

    Hope that helps

  11. Sarah Clarke
    29th February 2012 @ 6:33 pm

    David, I am also attending the Progressive super conference, looking forward to it. Read these guys books, highly reccomended. I have tried the assisted sale strategy, worked brilliantly, making some real money along with other ways, main thing is giving it a go, you never know you might make some money. Good luck.

  12. Linda Worth
    29th February 2012 @ 11:47 pm

    I am keen to try Option 3, as this is new to me. Thanks for the informative blog, and I am looking forwards to meeting you “in the flesh” on Saturday pen and lots of paper at the ready!!

  13. sheri Edu
    1st March 2012 @ 12:03 am

    Thanks for the brilliant information guys.

  14. Hubert Ezirim
    1st March 2012 @ 8:45 pm

    This information is very useful. However, how can you raise money to invest in the first place?

  15. Terry
    1st April 2012 @ 11:45 am

    How do I find a first time buyer? I have sourced a property worth £175,000 and vendor will sell for £150,000….

  16. Rob Moore
    5th May 2012 @ 11:38 am

    Thank you for your kind comments –

    Hubert – go here for a post we did on JV’s – also in the comments you can get a JV Blueprint/pdf [no cost]

    https://www.progressiveproperty.co.uk/2010/11/17/how-to-raise-jv-joint-venture-private-finance-and-invest-without-any-of-your-own-money/

    Terry – best way to find a first time buyer is to build relationships with Estate Agents. More cost effective and focused that direct to Vendor

    And thank you everyone else for your input and kind words.

    Rob

  17. Brian Barnes
    3rd April 2013 @ 9:35 pm

    It’s no longer possible to buy a renovation property and flip it within 6 months.
    No mortgage lenders in UK will lend to a buyer to purchase a property if the seller hasn’t owned the property for 6 months.
    Therefore if you buy a property to do it up and sell it on you must hold it for 6 months before selling.

  18. Peter
    23rd July 2013 @ 4:31 pm

    Brian, that is not strictly true. There are a number of lenders that frown on this but there are also those that don’t.

    The trick to selling a refurb property that you’ve owned for less than 6 months is to make sure you communicate with your estate agent and make sure they screen buyers, find out who they have finance with and then offer incentives if you require them to change lender.

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