Really great video! I loved watching every bit. I understand how people say the numbers are not right, but that’s not even the point! The mindset and how you analyze the property is the spirit of the video! And you done a great job showing it! Best property RUclipsrs out there! ❤
Hey Lia & Ach. I'm super impressed with how far you've come with investment properties. I'm a complete novice but wondered which is more profitable, flipping and selling property, or rental properties? I would surmise flipping is more profitable. Thanks guys. 😁👍
Another great informative video. In older homes, asbestos in older building material, mold, rot and salt in concrete foundations are concerns. Remediation of these can be very costly. Not sure if asbestos is a worry there. Contractor costs to rehab the property also seems more reasonable in the UK. Great thing about UK home is many homes there are brick vs wood construction. Good find.
This video was very informative, but I have a few questions: 1. How is ROI calculated on a flip, please? If you are gaining a profit on your money, then what money is being left in to get a return on? Surely whatever money you’ve put in has been paid back and you have made money as a result. Doesn’t that therefore make it an infinite ROI? 2. You mentioned a DUV of £200,000 but your comparables all showed a THREE bedroom house. Given your works, you’d be changing the house down to a two bedroom, so how would a surveyor be able to justify such a valuation?
This couple are the truth! Impressed with how they break it down and even their ideas on how you overhaul the property. Well done guys. Super informative.
Awsome jus come across you guys lovit very informative and to the point, you have done very well and rightly so such what a team your are very lucky indeed… the determination and knowing what you want are off the scale.. wish u all the best
At the end of the day, they have only used hypothetical numbers, which I think is a reasonable way to approach a deal. They couldn’t make the numbers work at £145k so they would move onto the next deal. My concern is more with the actual end valuation in that the video shows 3 bed comparables at approx 200k but their property will only be a 2 bed once works are completed.
@@rishibhaskara7238Big question is it still possible to buy from auction and still make profit as buying price is always too high and unless your are a builder yourself its impossible even to break even
@@ABC-rf9opit's going to be tight isn't it? I wouldn't start with this type of property because it re quires so much flipping. Small terraces or 70s / 80s/90s type property that dont require alot of work and arent such a money pit. However they probably wouldnt make alot..on the ooen market, but could be rented out. Then build up a really good relationship with trades people. That is probably the best way forward. I currently own an old listed cottage ( massive money pit). My partner is doing up an old 2 bed terrace with all original features. It's solid, no damp, decent roof. Just time consuming to do alone. It will be very special due to its intact features. Would make a great Air BnB. Some people specialise in flats with very short leases to rent out. Sometimes have to think outside of the obvious. Just editing say that I read years ago that garages in auctions can be profitablein city centres where parking is a premium. Rent those out.
Hi guys great channel congrats enjoying the videos … when choosing locations how do you chose an outsourced building contractor or you you keep to one area and one builder thanks
Hi happy Christmas, and thank you for sharing such an interesting video. Looking at your spreadsheet, this looks to have been a cash purchase, rather than bridging? I am fairly new to investing, my current struggle is in making a deal stack up with bridging, have you made any videos in tackling this yourselves by any chance? I couldn’t see any, but thought I’d ask.
Hi there, rates have literally come down today and I think we will see more and more so you may want to check your numbers again. However, bridging can make a huge difference in the numbers for sure - but will all depend on your DUV on the back end as you could get it all back.
Interesting property for its price. Hope you get it. Q: You mentioned extending the conservatory into the kitchen area. If you are going to add new structure for this extension, what about adding a second floor above and extending the bedroom/bathroom area? Would it be a cost/benefit keeping the property a 3 bedroom unit with an upstairs addition?
Hi John, it's all about the numbers really. A two story extension would very likely mean the costs rise significantly that it may be hard to make a profit. There will be a ceiling where people won't pay more than a certain amount for the area if that makes sense.
@@PropertyCouple Thanks for the reply. Yes it does make sense. I was just curious if that was possible. Hope you get it, would make an interesting series to your channel.
Maybe stupid question. Concerning the roof repair on terrace houses, do you only repair just above your house or more if say there’s a problem with the roof right next to yours?
Do you have to pay council tax if it’s a refurbishment I thought the council didn’t charge on a flip or a refurbishment. Great insight kind regards James 😊
So ROI was based in 90k estimated auction buy price But it was sold at £145k and after adding cost of refurb on top this property would be a financial loss...so i think most imp question is:is it still profitable in reality and realistic to be able to find good price properties anymore as guide price is just a trick to get people in and the auction sale price end up coming to as much as twice of guide price so how to make a profit??? Any one with experience pls share any knowledge as i am confused to try it or not to try it.
Going through these videos it appears that in order to find the gem you have to have approx 50 offers in at any one period of time. To be fair they admit that even now they don't have that many on the go. But it is clear that in order to make this a real business venture that makes BIG profit margins you probably have to see alot of properties consistently across a large location and be really on top of the numbers and not get emotionally invested.
This is so well done. Am I right in assuming you decided against this property for yourselves to add to your portfolio? I just love seeing the transformations you and your teams do.
@@PropertyCouplei want to enter flipping but not sure if its easy to buy from auction and stay profitable- buying prices are so higher than guide prices..Do you find it a lot that property you wanna buy ends up selling for higher price at auction.. isn't it a big turn off providing all the hard work and costs that goes in pre-auction checks and surveys
@@ABC-rf9opI think in one vid they say they expect to pay approx 20% above the price advertised in auction. And yep, the on cost of visiting and viewing many properties probably needs to he added in too...but eventually most properties end up being very similar in layout, potential and costings.
I wanted to ask about the survey too! I am sure @propertycouple are experienced enough to make this decision for themselves. However, in my personal experience, a survey should be carried out 'especially' for an auction property (more so if we are beginners). Once the offer is accepted, the fee has to be paid, even if we spot problems with the property afterwards and decide to pull out of the sale.
@@lauraaltieri520the real question is if it is stil possible to buy cheap from auction to make money as buying prices are more than twice the guide price these days and cost to refurb are mad...how to make profit or how not to make loss seems impossible unless someone is a builder
What makes a profitable renovation is some of the smaller, poorer towns of the UK? Would spending a lot on renovation (e.g. patio in garden, en suite bathrooms, etc.) make the property too expensive for people who would like to buy or rent in that area?
@@PropertyCouple Wow ... good luck to whomever won the bid. Maybe they are DIY'ers and don't lose their shirts. Or hopefully someone wanting to make it their home and just work on it as they go. At any rate y'all are on to bigger and better things. ↗
Hey lia. Insurance for 12 months, £6000? Can you please explain what type of insurance is this. How did you purchase this auction deal, bridging finance or OPM?
This property is tiny and only bathroom is a tiny one at the back of the kitchen. What were they thinking when they built this? In the US this would be a two bedroom or one with an office/den, not a three bedroom, and no closets!
The US Realtor Association charges too much here. One to two percent sounds more reasonable. While there are discount services, it’s not the norm, and I wish it would change.
You will never get that deal at 90k and sorry to say that not how you analyse a deal and do a flip. Please don’t teach people this as they will definitely loose money!!!!!!!!
@@phoenix_268exactly, they have done their estimation right, what they needed to say is stick to the numbers that work for you, don’t be afraid to walk away from a deal
❤ Having been a Realtor who specializes in selling bank-owned/foreclosure properties to investors who would flip them and give me the listing of the fixed homes, you could NOT have done a better 20 minute version of the process!! I give you 12 out of 10 for content with #Britishhollywoodvibes.
I’m curious what has become of this project. Did you buy? Stay tuned. I’m very impressed with the cost; purchase, refurbishment etc. Here in Florida (our area) it’s near impossible to find a home under $300,000. Our neighbors just had a quote on just a fence around their small lot 10,000! Great video guys. ~Cara 😊
@@PropertyCouplebrilliant approach. Had it sold for 90k, it would have fallen into your planned analysis. It sold way over and you move on to something else. Nice approach 🙂.
Hello there..Is construction / flipping profitable in US...i wanted to try it in UK to get some experience before i try go to US and do there but looks like its very difficult not to make a loss in UK unless i am a DIY builder.... Can't make profit if buying is becoming so high at auction.... Are you talking about wooden fencing cost-10,000..isn't it worth just opening a gardening and fencing business then rather flipping houses 😊 I visited Texas and fell in love..wish i could move
99% of any house within 50 miles of me is going to be worth exactly what it's worth weather or not it's in bad condition the valuations are all blown out the water there's a bubble and it's going to pop
Your accumulated experience over the last couple of years really shows in your presentation. Well done!
Thank you very much!
Really great video! I loved watching every bit. I understand how people say the numbers are not right, but that’s not even the point! The mindset and how you analyze the property is the spirit of the video! And you done a great job showing it! Best property RUclipsrs out there! ❤
Great video!! It's very kind of you sharing the real numbers and the process. TFS.
We enjoy it.
Hey Lia & Ach. I'm super impressed with how far you've come with investment properties. I'm a complete novice but wondered which is more profitable, flipping and selling property, or rental properties? I would surmise flipping is more profitable. Thanks guys. 😁👍
Hey Vicki, it really depends, rental gives long term cashflow but flipping can give you lumps of capital that will vary depending on the deal :)
Another great informative video. In older homes, asbestos in older building material, mold, rot and salt in concrete foundations are concerns. Remediation of these can be very costly. Not sure if asbestos is a worry there. Contractor costs to rehab the property also seems more reasonable in the UK. Great thing about UK home is many homes there are brick vs wood construction. Good find.
Thanks for watching
This video was very informative, but I have a few questions:
1. How is ROI calculated on a flip, please? If you are gaining a profit on your money, then what money is being left in to get a return on? Surely whatever money you’ve put in has been paid back and you have made money as a result. Doesn’t that therefore make it an infinite ROI?
2. You mentioned a DUV of £200,000 but your comparables all showed a THREE bedroom house. Given your works, you’d be changing the house down to a two bedroom, so how would a surveyor be able to justify such a valuation?
This couple are the truth! Impressed with how they break it down and even their ideas on how you overhaul the property. Well done guys. Super informative.
Same. Very impressive
What spreadsheet thing are using in your Mac?
Awsome jus come across you guys lovit very informative and to the point, you have done very well and rightly so such what a team your are very lucky indeed… the determination and knowing what you want are off the scale.. wish u all the best
Great video, thanks for sharing! Would be good to see your profit after tax estimate
This property is eventually sold for £145,000. 174 Tudor Road, Hinckley, Leicestershire, LE10 0EH. £50,000 more than your calculation.
At the end of the day, they have only used hypothetical numbers, which I think is a reasonable way to approach a deal. They couldn’t make the numbers work at £145k so they would move onto the next deal. My concern is more with the actual end valuation in that the video shows 3 bed comparables at approx 200k but their property will only be a 2 bed once works are completed.
@@rishibhaskara7238Big question is it still possible to buy from auction and still make profit as buying price is always too high and unless your are a builder yourself its impossible even to break even
@@ABC-rf9opit's going to be tight isn't it? I wouldn't start with this type of property because it re quires so much flipping. Small terraces or 70s / 80s/90s type property that dont require alot of work and arent such a money pit. However they probably wouldnt make alot..on the ooen market, but could be rented out. Then build up a really good relationship with trades people. That is probably the best way forward. I currently own an old listed cottage ( massive money pit). My partner is doing up an old 2 bed terrace with all original features. It's solid, no damp, decent roof. Just time consuming to do alone. It will be very special due to its intact features. Would make a great Air BnB. Some people specialise in flats with very short leases to rent out. Sometimes have to think outside of the obvious. Just editing say that I read years ago that garages in auctions can be profitablein city centres where parking is a premium. Rent those out.
Thank you very much for the knowledge.
Please is property data free?
Hi guys great channel congrats enjoying the videos … when choosing locations how do you chose an outsourced building contractor or you you keep to one area and one builder thanks
Hi happy Christmas, and thank you for sharing such an interesting video. Looking at your spreadsheet, this looks to have been a cash purchase, rather than bridging? I am fairly new to investing, my current struggle is in making a deal stack up with bridging, have you made any videos in tackling this yourselves by any chance? I couldn’t see any, but thought I’d ask.
Hi there, rates have literally come down today and I think we will see more and more so you may want to check your numbers again. However, bridging can make a huge difference in the numbers for sure - but will all depend on your DUV on the back end as you could get it all back.
Easy to follow your analysis of this property...so straightforward. Plus Lia in a pink jumpsuit is magic!
Proper magic
Excelent content. Do you also do the management of the refurb? Or have someone manage it for you? Thank you
Yes we manage the refurb however we have used project managers also.
Informative video, thanks. Just a question, what property auction online site do you use?
Hi - great video. Very informative for someone attempting to start up. Did you manage to purchase this property?
This video is SO well done
Interesting property for its price. Hope you get it. Q: You mentioned extending the conservatory into the kitchen area. If you are going to add new structure for this extension, what about adding a second floor above and extending the bedroom/bathroom area? Would it be a cost/benefit keeping the property a 3 bedroom unit with an upstairs addition?
Hi John, it's all about the numbers really. A two story extension would very likely mean the costs rise significantly that it may be hard to make a profit. There will be a ceiling where people won't pay more than a certain amount for the area if that makes sense.
@@PropertyCouple Thanks for the reply. Yes it does make sense. I was just curious if that was possible. Hope you get it, would make an interesting series to your channel.
Maybe stupid question. Concerning the roof repair on terrace houses, do you only repair just above your house or more if say there’s a problem with the roof right next to yours?
Only above your house!
Hi,
Do you have a template for the excel spreadsheet you use here?
First 8 seconds no they need to see the inside I have been in property for 20 years.😂
Do you have to pay council tax if it’s a refurbishment I thought the council didn’t charge on a flip or a refurbishment. Great insight kind regards James 😊
Yes you do unfortunately….
Yeah I was wondering about that. Might be different in Wales and Scotland.
So ROI was based in 90k estimated auction buy price But it was sold at £145k and after adding cost of refurb on top this property would be a financial loss...so i think most imp question is:is it still profitable in reality and realistic to be able to find good price properties anymore as guide price is just a trick to get people in and the auction sale price end up coming to as much as twice of guide price so how to make a profit???
Any one with experience pls share any knowledge as i am confused to try it or not to try it.
Going through these videos it appears that in order to find the gem you have to have approx 50 offers in at any one period of time. To be fair they admit that even now they don't have that many on the go. But it is clear that in order to make this a real business venture that makes BIG profit margins you probably have to see alot of properties consistently across a large location and be really on top of the numbers and not get emotionally invested.
And what about the bridge loan if you dont have cash ready😮
Any chance of getting hold of your spreadsheet?
This is so well done. Am I right in assuming you decided against this property for yourselves to add to your portfolio? I just love seeing the transformations you and your teams do.
It sold way over our budget!
@@PropertyCouplei want to enter flipping but not sure if its easy to buy from auction and stay profitable- buying prices are so higher than guide prices..Do you find it a lot that property you wanna buy ends up selling for higher price at auction.. isn't it a big turn off providing all the hard work and costs that goes in pre-auction checks and surveys
@@ABC-rf9opI think in one vid they say they expect to pay approx 20% above the price advertised in auction. And yep, the on cost of visiting and viewing many properties probably needs to he added in too...but eventually most properties end up being very similar in layout, potential and costings.
More videos like this please.
Does buying at auction not allow you the time to get a Surveyor or did you just choose to take the risk here?
You can have your own surveyor go round at your cost before it goes to auction.
I wanted to ask about the survey too! I am sure @propertycouple are experienced enough to make this decision for themselves. However, in my personal experience, a survey should be carried out 'especially' for an auction property (more so if we are beginners). Once the offer is accepted, the fee has to be paid, even if we spot problems with the property afterwards and decide to pull out of the sale.
@@lauraaltieri520the real question is if it is stil possible to buy cheap from auction to make money as buying prices are more than twice the guide price these days and cost to refurb are mad...how to make profit or how not to make loss seems impossible unless someone is a builder
You’re an outstanding RUclips channel.
What makes a profitable renovation is some of the smaller, poorer towns of the UK?
Would spending a lot on renovation (e.g. patio in garden, en suite bathrooms, etc.) make the property too expensive for people who would like to buy or rent in that area?
Did you get an answer for this question outside this channel? Please share your answer if you did. Thanks.
Great vid, subscribes. How about taxes on selling?
One for another video!
That could be a very nice family home once refurbished. Good luck with your bid.
We didn’t get it. It went for 145k in the end!
@@PropertyCouple Wow ... good luck to whomever won the bid. Maybe they are DIY'ers and don't lose their shirts. Or hopefully someone wanting to make it their home and just work on it as they go. At any rate y'all are on to bigger and better things. ↗
@@PropertyCoupleseeing more and more auction houses selling higher prices...how to flip profitably if buying prices are being driver up so much?
Hey lia.
Insurance for 12 months, £6000?
Can you please explain what type of insurance is this.
How did you purchase this auction deal, bridging finance or OPM?
This is just an estimate based on a recent quote we had. We also didn’t purchase this as it went over our max price.
@@PropertyCouple
So Alimonfared comment 4 months ago was spot on😂
Great video!👍
these videos are so helpful guys!
Glad you think so!
This property is tiny and only bathroom is a tiny one at the back of the kitchen. What were they thinking when they built this? In the US this would be a two bedroom or one with an office/den, not a three bedroom, and no closets!
The uk houses are built very different because we are a small island with limited space.
The US Realtor Association charges too much here. One to two percent sounds more reasonable. While there are discount services, it’s not the norm, and I wish it would change.
I think in the future selling agents will no longer be needed.
You will never get that deal at 90k and sorry to say that not how you analyse a deal and do a flip. Please don’t teach people this as they will definitely loose money!!!!!!!!
Show us how to do it on your channel?
@@Slynell1 he is right. This property is eventually sold for £145,000. 174 Tudor Road, Hinckley, Leicestershire, LE10 0EH.
@haha4581 if it sold for that amount how much profit have they made from the extensive refurbishment? Seems their figures were inaccurate 😂
@@phoenix_268or loss
@@phoenix_268exactly, they have done their estimation right, what they needed to say is stick to the numbers that work for you, don’t be afraid to walk away from a deal
great staff
❤ Having been a Realtor who specializes in selling bank-owned/foreclosure properties to investors who would flip them and give me the listing of the fixed homes, you could NOT have done a better 20 minute version of the process!! I give you 12 out of 10 for content with #Britishhollywoodvibes.
Next time buy the property instead of a hypothetical which actually went 55k over. Auction houses are mostly done
Amazing 👏
Thanks 😄
where is this cheap auction fee? - 6000 or 3000 i usually find...
I’m curious what has become of this project. Did you buy? Stay tuned.
I’m very impressed with the cost; purchase, refurbishment etc. Here in Florida (our area) it’s near impossible to find a home under $300,000. Our neighbors just had a quote on just a fence around their small lot 10,000! Great video guys. ~Cara 😊
It was sold for 145k. Way over what we would pay. Thanks for watching 😃
@@PropertyCouplebrilliant approach. Had it sold for 90k, it would have fallen into your planned analysis. It sold way over and you move on to something else.
Nice approach 🙂.
Hello there..Is construction / flipping profitable in US...i wanted to try it in UK to get some experience before i try go to US and do there but looks like its very difficult not to make a loss in UK unless i am a DIY builder.... Can't make profit if buying is becoming so high at auction....
Are you talking about wooden fencing cost-10,000..isn't it worth just opening a gardening and fencing business then rather flipping houses 😊
I visited Texas and fell in love..wish i could move
👍🚀🚀
99% of any house within 50 miles of me is going to be worth exactly what it's worth weather or not it's in bad condition the valuations are all blown out the water there's a bubble and it's going to pop
Hope you and your family and friends are ok after Bomb Cyclone Storm Ciarán hit the UK.
We barely noticed it where we are. Thanks for checking in.