House flipping UK - explained in 3 stages

I have recently made a profit of £100k by flipping a house in Birmingham.
Many people who watched the vlog we filmed at the property asked how to apply this strategy themselves. Let us talk about the 3 main stages that you need to focus on in order to structure a great, profitable house flipping property investment strategy.
The first tip I can give you is to work with the goal in mind.
What type of return are you looking to get out of this deal?
How much of a profit is going to worth your while?
Check out the vlog about the property I flipped in Birmingham to see the final product:
• Flipping a house for £...
#houseflippingUK #flippinghouses #propertyinvestmentUK
Timestamps:
0:00 - Intro
0:16 - The 3 stages of flipping houses
1:05 - What return you should look for when flipping a property
2:58 - Stage 1 - find property deals that are suitable for flipping
5:23 - Understand the true value of the property you are flipping
7:58 - Stage 2 - add value to the property with your house flipping
11:13 - Stage 3 - exit with a profit when house flipping
16:24 - The costs involved by flipping a house at each of the 3 stages
19:13 - The 3 biggest mistakes people make when flipping houses
Follow Me On Social Media:
Facebook: / thesajhussain
LinkedIn: / sajhussain
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Twitter: h / thesajhussain
KZbin: kzbin.info...
Website: www.SajHussain.com/Networking
If you have a question you want me to answer then please put it in the comments section. If you enjoyed this video please do subscribe so that you are notified of more videos just like this.
Get Mentored By Saj:
If you want to achieve your property goals with the support of an experienced property mentor then my Inner Circle Mentoring programme is just what you need. Find out more here: www.sajhussain.com/let-me-men...
Thank you for watching my name is Saj Hussain AKA The Property Joint Venture Expert and Your Partner for Wealth Creation Through Property.

[@tufaelpasha5977]

Hi Saj. I followed many podcasts n videos but no one is so thorough like you. Thanks for your lovely videos.

[@camerons9193]

Short and concise - thanks Saj

[@TheSajHussain]

Thank you Cameron. If you are enjoying these videos, then please do share them with your friends.

[@joemiles7132]

What a great video, thanks Saj :)

[@TheSajHussain]

Thank you Joe, if you are enjoying these videos, then please do share them with your friends.

[@jamilnasir6339]

Thank you Saj Very knowledgable video

[@TheSajHussain]

Always welcome

[@umairahmad4711]

Subscribed to the channel and can’t wait to learn about house flipping

[@TheSajHussain]

Thanks Umair.

[@kewinspeaksproperty]

Very helpful, thank you.

[@TheSajHussain]

Glad it was helpful!

[@teiubesc1708]

Hello Saj! Fantastic video and a great content. Please more details how make costings😊

[@alha516]

Really helpful thankyou

[@TheSajHussain]

Thank you, glad you enjoyed it. If you are enjoying these videos, then please do share them with your friends.

[@jazzytube2617]

Hey saj thank you for the video fantastic information you covered everything bang on thank you 🥳👍🏽

[@TheSajHussain]

Thank you. If you are enjoying these videos, then please do share them with your friends.

[@pedericokali9819]

NOTHING WILL STOP ME FROM DEALING WITH PURPOSEHACKZ ON IG MY LOAN WAS GRANTED 😀

[@resh242]

Thanks Saj.

[@TheSajHussain]

👍🏼

[@JahangirAlam-fh3hy]

Great content

[@TheSajHussain]

Thank you Jahangir.

[@AP-kl3tf]

That is a great point about outside space being appealing. First impressions count and if there are a first-time buying couple for instance and one of them falls in love with the property, the outside and the location then it is almost a done deal. There are usually three reasons why properties don't sell: 1) The price is too high for the area, 2) The property need more work done to it to warrant the value, and C) The property doesn't suit that area; i.e. a HMO in an area full of pensioners... or a stunning 5 bed family home surrounded by student accommodations... Great advice again; keep up the good work, Saj - hopefully we can link up one day for a coffee and discuss options and deals. Take care!

[@TheSajHussain]

Thank you

[@factuallycorrect2129]

Hi Saj, This is my first time I have watched your video! Very insightful!👌🏼 I am a full time working single parent. I would appreciate if you could provide guidance towards getting onto the property ladder. Please advise how I can make this possible and what are my options? Thank you 💫🙃

[@nadimkapadia1]

Hi Saj. Great videos and content. Would you be able to share more on the due diligence process and how to get this right - How can you determine what the street values are etc. Sometimes comparables may not give a full picture.

[@TheSajHussain]

Hi Nadim, this is coming soon. If you haven’t already, then do subscribe to the channel and enable the notification bell so you don’t miss any of the videos as they are released.

[@GM-tr3cp]

Hey Saj, In your next video can you talk more about how to find investors? i.e. bridging financing, banks etc. and what will they look at before considering your offer? i.e. credit score, job security, planning ideas etc Thanks!

[@TheSajHussain]

Great suggestion! In the mean see if this video helps kzbin.info/www/bejne/n6ibfaSNr717ars

[@aals3866]

thanks Sam I love the way you explain things. I'm 18 and I want to do my first property flip, id love to meet you in real life! you're a great guy

[@TheSajHussain]

Thanks, hopefully we will restart running our live events before then end of 2021 and we can start to meet again. If you are enjoying these videos, then please do share them with your friends.

[@bedroombillions2535]

great video - could you make another video regarding the mistakes thanks!

[@TheSajHussain]

Coming soon. If you are enjoying these videos, then please do share them with your friends.

[@1dozmos]

Watched this video on your recommendation. I sat back and though, how could I add a bedroom... I have a chimney that runs through the centre of the house, when adding a room, how would you work out which walls are structural etc? Thank you 🙏 love this channel

[@TheSajHussain]

You need to enlist the help of an architect or good builder.

[@AliHamza-fg5br]

Hi Saj, certainly this is great video. Kindly please provide a details video about it. We would like to see more. Can you please advice how can you assess the real market price. I used property data and also rightmove, Zoopla to do the comparable of sold properties in the same street or 1/4 of a mile, within the last 12 months.

[@TheSajHussain]

I'll be doing a video soon on DD

[@kn3431]

Hi I always find your videos very useful. Thanks for that. I would like to ask about putting value on the property by the lender. The properties on the street are selling much less (due to being sold on auction and poor condition) than what is currently put on the market for sale. If we will decide to sell it. Will the lender of the buyer value lower what is worth and transaction will fail. What is your experience on that. And how to check true street value? The same will apply to refurb and put mortgage on it. Thank you

[@TheSajHussain]

You need to do as much research you can on comparable properties. This is what the lenders surveyor will use as a guide.

[@manfromlondonnow]

Thank you for very valuable video, really want to know more in details regarding how to determine the sale value or the ceiling price for the area or street i usually do it by looking at zoopla if i like any property in auction but i am not sure if that's the correct way to do it. Can you please put some light on this. Thank you once again

[@TheSajHussain]

I'll do a video on valuing property soon.

[@ajlow5]

Hi Saj, great deal of info here. When you are calculating what profit you want to make shouldn’t all the extra costs be included in stage 1 when you said 150k -30k refurb = 120k purchase price? Really you would want it for 110k to cover all the other fees/costs would you not? Would you get taxed on this profit margin as well? Thank you

[@TheSajHussain]

Hi Anthony, not sure I fully understand your post. Yes, all costs need to be included and yes your profits will be taxable. Here is a recent flip we done. kzbin.info/www/bejne/lZ-9pKqbo992brc

[@AllBoxingPodcast]

If an agent is saying a house is valued at £200K and they are selling at 150K, hence it's a bargain. What method would you use to get the TRUE valuation of the house? Would you get few estate agents to value the house for free (mind you you don't have access inside the house) or would you hire someone private? Also if it's not your your house yet, how do you get around the access issue. Surely they would need to see the inside to give you an accurate figure. Any advice would be appreciated. :)

[@godssun8971]

💎

[@TheSajHussain]

Thank you

[@keirdoubas]

Saj, what process do you follow when you wish to sell a property that has tenants in situ? Do you arrange with the tenants to hold viewing with them still occupying then arrange for them to leave just before completion or do you obtain vacant possession then start selling the property, therefore incurring holding costs? Wondering which way to go. Loving the videos, thank you for creating them.

[@TheSajHussain]

All these routes are plausible. It will depend on a number of factors. If you have a tenant that keeps the property looking nice, is willing to do the viewings and stay until completion then that would be the ideal scenario.

[@keirdoubas]

@@TheSajHussain Thanks Saj that's really helpful. To add to that maybe a small rent reduction to sweeten the deal for the tenant also and keep them onside? cheers Keir

[@PunchLineTelevision]

How long do you have to live in your residential property in order to sell it and avoid tax? Thanks great vid

[@TheSajHussain]

There is no minimum. So, in theory 1 day. But I wouldn't make a habit of doing that, HMRC will see it as trading.

[@khajasameermohiuddinmohamm8400]

Hi, hope you're keeping well.Really like your video you have explained it very clearly.I would like to do my first flip but I don't have any knowledge or expertise on it I would like to do a JV with you or your colleagues. I'm looking for a property of £100,000 with 50% of my own money.please advise if we can to do a JV together.Thanks

[@TheSajHussain]

Have a look at this video and we can discuss at the Property Meet next week.

[@amalnathan7884]

Hi Saj.. If we mortgage the first hse to buy the second hse. Can we flip these 2 houses?

[@TheSajHussain]

There is nothing stopping you from selling property. You need to consider your loan Terms and Conditions.

[@qlus]

Could you technically use the house you're buying as collateral for the loan?

[@TheSajHussain]

Yes, mortgage or bridge

[@jamesgrant3812]

Is this still possible with lenders not giving money to self employed 2nd buyers ?

[@TheSajHussain]

Hi James, bridging lenders are probably an easier way to get started with this.

[@coltharrison303]

Hi saj I'm 23, I'm also from the midlands! Please let me know if you need an apprentice or anyone for your channel, maybe you could use me as a test dummy to prove that the right property strategies work if done correctly 👍 Thanks in advance Colt.

[@TheSajHussain]

Thanks Colt, let's meet up when my monthly networking events start up again.

[@gaborbalog8028]

Does flipping work anywhere in the UK?

[@TheSajHussain]

The property needs to be in an area where there are buyers that will purchase your finished product. For instance in some low-priced towns the only buyers generally are other investors rather than owner occupiers.

[@doug2279]

The photos are everything these days and the first photo is usually of the front elevation so you are missing a trick if you keep it looking ugly from outside.

[@TheSajHussain]

Good point Doug