Property Business: Is Property Flipping Still A Profitable Strategy?
/Understand what your buyers needs and wants are first..
With a large percentage of property investors adopting a 'buy to hold' approach these days, why should you consider property flipping? As with all property investment strategies, there is always an element of risk.
Here are some advantages and disadvantages of property flipping:
Advantages:
-There are areas of the UK that still have the potential to yield an ROI of 20%.
-It is still possible to find some real bargains.
Disadvantages:
-You may have to find a property in an area that you are unfamiliar with to achieve your desired ROI.
-Many financial institutions have pulled out of 95% mortgages and increased LTVs so borrowing is more expensive and more difficult.
-Some banks have imposed rules where you cannot sell the property for at least 6 months.
At Studio 19Twelve, we’re on hand to help you with any interior advise big or small for flipping your investment property. Simply take a glimpse at what we can do by navigating through our website or contact us on the button below!