Start Flipping Houses With AVERAGE Savings | UK Property Investing
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Flipping properties in the UK is a great way to make money in property investing but how much money do you need?
Not as much as you might think...
You can get started flipping properties in the UK with less than £20k by using this method.
But remember, that with property investment there's always risks that you have to be aware of (covered in the video) and you have to put in the work too.
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Caveats:
You'll still need a minimum salary to have enough to qualify for a mortgage.
E.g. you can normally borrow around 4x-4.5x your annual income as a mortgage. e.g. to borrow 150k you'll want about 37.5k ish annual income.
You're buying this house to LIVE IN. This method is not to do back to back flips on residential mortgages. Banks don't like that and we don't condone it. You can get blacklisted by banks if you keep doing this.
The point of this video is to show you possibilities in getting started. Not a way to game the system.
Flipping properties in the UK is a great way to make money in property investing but how much money do you need?
Not as much as you might think...
You can get started flipping properties in the UK with less than £20k by using this method.
But remember, that with property investment there's always risks that you have to be aware of (covered in the video) and you have to put in the work too.
🏠
⏰ Timestamps ⏰
0:00 Intro
0:28 What we're not doing
0:42 Cheapest way to get started flipping properties
1:27 Lower Deposits
2:42 Stamp Duty Land Tax
3:17 Capital Gains Tax
3:38 Time Constraints
4:18 Learn with lower risk
5:32 Market Falling
5:44 Tradespeople
5:59 You Get Stuck
6:22 Cost of Labour & Materials
6:53 Patience & Grit
7:19 Adequate Income
7:41 Location
7:57 Current Housing Situation
8:15 Bonus Tip
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