I Found a Better Way to Flip Houses

[@jackdavidsmith]

Get Our Free Property Investment Playbook: bit.ly/3BSwCHP

[@love83forever]

Hello Jack, this is my first time watching. And this is the strategy I have been having in mind. I have just signed up to your playbook.

[@Hcole890]

Hey man - great work .. would really appreciate if you could answer me this … I assume people would usually use a bridging loan to purchase the property in the first place .. are the other types of loans or other types of mortgages you can use instead as i have mixed feelings about bridging finance . Thanks jack

[@jackdavidsmith]

@@Hcole890 hey James, thanks. I would use bridging. If you want to know your options better, you’re best off speaking with a finance broker directly

[@jackb2491]

I haven't sold one yet. A slow process for beginers. But worth it the end.

[@jackdavidsmith]

@@jackb2491 congrats! Keep going and it’ll start to compound 🚀

[@outere2044]

Nar av just made £38 k after a 12 week renovation. I am 4 weeks in to my 2nd flip profit 30-50k no extension just a knock through full renovation. 12-14 weeks to finish is the goal.

[@imranrahman9530]

A lot of 'if's' like if the value kept going up by 9% a year which isn't particularly realistic. In the same vein, we could've said 'if' you kept flipping houses for £50k profit every 6 months you would've made £300k in those 3 years, which is substantially more profit, but admittedly more work

[@cluberx1603]

Yeah mate but when doing this method you are not calculating very important factor , that is risk , when a recession hits and it will you are first bleeding.

[@jordanhughes3137]

Just £15k from investors on this deal? Almost pointless having them given that smaller amount of capital and how much you have at your disposal. Maybe I’m wrong though?

[@henrycole1874]

Love the videos .. 1 question - what type of mortgage/loan did you get initially to buy the property for £95000 ? You may of paid cash but for this sake let’s pretend you didn’t - what type of mortgage would you usually go for to do these type of flips ? Thanks :)

[@jackdavidsmith]

@@henrycole1874 hey Henry, correct. I used cash but for the sake of your question, I would buy it using a bridging loan. This gives me speed on the purchase and in some cases, have part or all of the development costs funded through a bridging loan

[@henrycole1874]

@@jackdavidsmith appreciate you answering .. would it always mostly be bridging finance or could there be other types of loans/mortgages you could use ? Really appreciate it :)

[@jackdavidsmith]

@@henrycole1874 yes pretty much always bridging unless you’ve got private investors who can fund it for a return or equity stake

[@sophiemitchell2545]

Stamp duty on 95k?

[@jackdavidsmith]

Yes, you pay stamp at that price when bought through a Ltd company

[@BrigetGstar]

One of the most briIIiant investing advice i have ever gotten on youtube came from watching an interview with *Julianne Iwersen Niemann* on CNBC. Indeed, A solid investment strategy is like a well-planted tree it can withstand storms and still grow strong..

[@MesutMilleliri]

I can only speak from my experience when I advise seeking professional advice. It looks like a smart bet if you don't know where to get an experienced one, but if you don't know anything about the market.

[@Andy5c]

So you just learnt what most of us seasoned professionals already know yet you advertise your services as an investment playbook and some sort of a mentor???? 🤔 hum! also numbers are totally fake. Never seeing that much growth Yr after yr and you havnt accounted for tax/ maintenance/ refurbs ect.... might as well have just said 1 million and have done with it

[@ags911]

The thing is I assume he would be able to flip 3-4 properties per year with at least £100k profit so the old method would still work without taking on additional mortgages or betting on the house value rising by 60% or so. I guess a proper risk assessment should have been done as this is over simplified as even inflation and interest rates are also a factor.

[@davidwhitton5519]

​@ags911 You would need some serious capitol to flip 4 properties a year when you factor in length of time to purchase and sell on.

[@hassanamir387]

Kind of lost respect for you in this vid as you showing a complete lack of understanding of basics. Flipping and brrr 2 completely different strategies, and secondly you’re talking about it as if you’re getting all money out brrr on every deal, which as you know is not possible. If you’ve already got tons of cash, btls are great. If you need to build the cash pot, flips are the way to go

[@adamsowa5927]

Kind of agree with you here, however you can pull your money out of most deals if you budget properly and don’t get undervalued

[@hassanamir387]

@ that’s just factually incorrect. How many all money out deals have you done? And how many people Dyou know who have consistently done all money out deals?

[@adamsowa5927]

@@hassanamir387 I have done 2 all money out deals in London by remodelling 1 bed flats with separate kitchens into 2 bed flats with open plan kitchens. By doing this I turned every £1 I spent into £5 added value.

[@ldn876]

The video is waffle and clickbate