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
Ep122: Sophie Lyon - The VCAT Process
Ep121 - Mark Perree: House and Contents Insurance - What You Need to Know When Selling Your House
Ep120: David Banks - Should I Buy First or Sell First?
Ep119: Kiani Mills - Title Insurance
Ep118: Lisa Carlyle and Chloe Martopo - How to Make Your Styling Unique to Your Property
Ep117: Luke Piccolo - Family Matters: Knowing the Steps When Selling a Deceased Estate
Ep116: Alistair McLean - The Appeal of the Retro and Mid-Century Home
Ep115: Shaun Moriarty and Steven Persson - Campaign Agent Collaborating with Homes For Homes
Ep114: Frank Valentic - Frank‘s Top 10 Don‘ts When It Comes to Investing
Replay Ep71: Josh Summers - Flipping Properties
Replay Ep52: Frank Valentic - The Cost of Selling
Replay Ep78: Nello Traficante - Using the Equity in Your Home to Buy an Investment
Ep113 - Town Taster: Venus Bay
Replay Ep56 - Sophie Lyon: The New Residential Tenancies Act
Ep112 - Christmas Recap Episode
Ep111: Chris Samartzis - Pool and Spa Safety Barriers and What You Need to Know When Buying, Selling and Leasing a Property
Ep110: Jodie Pipkorn from DISER - Energy Ratings - What Do They Mean?
Ep109: Kristen and Jax - Understanding the Different Sales Commission Structures
Ep108 - Town Taster: Lalor
Ep107: Tim Carson - Buying a Property for a Short Term Holiday Investment
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