Buy to sell can provide a quick return and allow you to build a cash pot for reinvestment. The key to a successful buy and sell project is choosing the right property at the right price and selling it at maximum value. You need to factor in all the costs of purchasing the property, the costs of refurbishing and the costs of selling the property on.
A major pitfall of buying a property to flip is not accurately calculating costs. Due diligence is vital to ensure you don’t get caught out by unforeseen problems with the structural integrity that will end up costing you a fortune. Damp, rot, subsidence, asbestos and structural damage can delay a project and add significant costs.
If you are fortunate enough to find a property selling below market value, then establish the reason for the deal. It is not unusual for property to be sold off cheaply when a quick sale is needed, but occasionally there are more sinister reasons for the low price. Don’t get caught out by undisclosed issues that can lose you money.
If you are planning on converting a property from a single let to a HMO or vice versa then you need to make sure that you will be able to get any relevant permissions. This also applies to any properties you want to add extensions to.
Partner with us
We love taking run-down, unloved houses and turning them into beautiful homes and we’ve become very successful in this area. By partnering with us, you can benefit from our expertise and network of trusted contractors.
Flipping a property takes time, money and knowledge; we can offer all three. The priority will be to establish clarity at the outset in terms of how much involvement each party will have, how the project will be funded and what the profit split will be.
It is important to us that we build a partnership based on trust. We act ethically and only want to work with partners that share our values of honesty and integrity. We know how to flip a property cost-effectively without compromising on safety or quality.
Is it right for you?
We want to talk to anyone who is interested in residential property investment in the Leeds area. Partnering with us on a buy to sell project will be particularly beneficial to you if:
- You want a fast return on your investment
- You’re aiming to build cash rather than a property portfolio
- You have very little property investment experience
- You’re experienced in property refurbishment but new to the Leeds area
- You have investment experience but not in refurbishments
- You want to maximise your yields by utilising our expertise in this area
Find out more
If you are considering a buy to sell investment in Leeds, then we’d love to hear from you. Our focus is on building long-term partnerships that are profitable for all involved. We’re as invested in the success of the project as you are so it’s in our interest to maximise the return. Contact us today to arrange a face-to-face chat and find out more about partnering with us.