Flipping properties is something that can make you quite wealthy if you know what you're doing and have the right people behind you...if you don't... it could be a financial and physical mess. Today we have an expert 'Flipper' to explain what you need to get started.
Josh Summers is a young successful renovator who flips properties for a living. He has the backing of people like Frank Valentic from Advantage Property Group, My Mortgage Freedom and Peritum Property to help him find the right property and the money he needs to make it happen. He has found a balance between investing in the property market without sacrificing lifestyle, which means he gets to enjoy life, travel and spend time with family.
1. How does one 'Flip a Property?'
2. What sort of return as a percentage are you looking for when you search for a property to flip?
3. What suburbs are the best to find properties to flip?
4. In terms of renovations, what should be the bare basics you should do when you flip a property? (ie paint, floors, new kitchen, bathrooms, etc)
5. What are some of the structural issues that makes you decide this is the right property to flip or it's not?
6. How often do you find that you need to do things like re-wire, re-plumb, re-stump, etc? How much can that add to your budget?
7. What are some of the key recommendations you should do before you buy a property to flip?
8. What financial concerns should you have when flipping a property? (tax, unforeseeable costs, agent's fees, etc)
9. Lastly, can you give us an indication on what is the most you've made on a property, and what has been the least?
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Episode 34: Agent X - Choosing The Right Agent Part 1
Episode 33: Nicole Jacobs - Thinking Outside The Square for Your First Home
Episode 32: Part 2 - Undercover Architect Amelia Lee - Buying a Home with Functionality In Mind, Rather Than Trend
Episode 32: Undercover Architect Amelia Lee - Buying a Home with Functionality in Mind, Rather Than Trend
Episode 31: Frank Valentic - What You Need for Your Investment Check-List
Episode 30: Josh Hommelhoff - How Involved Should You Be In the Selling Process? Let the Experts be the Experts.
Episode 29: Edgar Lok Tin Yung - Feng Shui Tips on Making Your Home More Prosperous For Sale
Episode 28: Sue Sulman - The Code in Copywriting
Episode 27: Kate Yeowart - The Quirks and Complications in Buying a High-Rise Apartment
Episode 26: Laurence Damiani - Property Vs Share Market
Episode 25: Anthony Elbaum - Hi-Tech Gadgetry, How Much Value Does it Add to Your Home?
Episode 24 - Frank Perry: Understand Council Zones
Episode 23: Josh Hommelhoff - The Pros and Cons of Short and Long Settlements
Episode 22: Glenn McGrath - Styling Do's and Don't's
Episode 21: Grant Kennedy - How To Help in Your Photo Shoot
Episode 20: Chris Walsh - Buying in a Partnership Part 2
Episode 20: Chris Walsh - Buying in a Partnership (Part 1)
Episode 19: Nicole Jacobs - What's A Vendor's Advocate
Episode 18: Frank Valentic - Knowing the Difference Between a Buyer's Market and a Seller's Market
Episode 17: Tania Bell - Demolishing with a Purpose to Re-Purpose
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