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 the co-owner of Universal Property Company, who is our expert property flipper. Josh has been involved in the construction industry for 15 years. Josh and his business partner Tony created Universal Property Company to specialise in the acquisition and restoration of established properties to resell.
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?
Contact Josh at:
www.universalpropertyco.com.au
Follow universalpropertyco on Instagram.
Need Copywriting?
Call the 'Real Copy Right' Hotline: 5977 8889
Email: orders@realcopyright.com.au
Episode 16: Zali Reynolds - Looking at Your Advertising Schedule
Episode 15: Kate Yeowart - Owner's Corporations - What do they do?
Episode 14: Chris Samartzis - The New Pool and Spa Regulations
Episode 13: Michelle & Dean Davis - Easter Preparation - DIY Renovating, Knowing Your Limits
Episode 12: Kate Yeowart - Knowing The Different Types of Property Titles
Episode 11: Miriam Sandkuhler - Understanding Underquoting, Statements of Information and Vendor Reserves
Episode 10: Kim Steel - The AirBNB Revolution: How to Maximise Your Investment with Short Term Leases
Episode 9: Nicole Jacobs - What Is A Buyer's Advocate?
Episode 8: Matthew Phillips - The Do's and Don't's in Signing a Building Contract
Episode 7: Adam Docking - How to Read a Section 32
Episode 6: Zali Reynolds - What's The Difference Between 'On the Market', 'Off Market' and 'Marketing' in Real Estate?
Episode 5: Lena Fox - Finding the Right Property Manager
Episode 4: Leah Calnan - Agent Disclosure - Murders, Fires, Deaths and Crime, What Needs to be Divulged?
Episode 3: Zali Reynolds - Understanding Sales Commission
Episode 2: Matthew Phillips - What's the Difference Between a Spec Home and a Custom Home?
Episode 1: Frank Valentic - How Do You Add Value To Your Property Without Spending a Fortune
Why a 'Real Estate Right' Podcast?
Real Estate Right Promo - Top Experts Talk About How to Buy, Sell, Rent and Invest... RIGHT!
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
Navigating Life After 40
Teaching Learning Leading K-12
Regenerative Skills
The Jordan B. Peterson Podcast
The Mel Robbins Podcast