How I Assess If A House Flip Is Profitable

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How I assess if a house flip is profitable. When it comes to investing in UK property (especially when flipping a house), you have to make sure you analyse the market and assess what you need to offer to make that deal profitable.
THE DEAL SELLING LAUNCH PAD
Launch your deal sourcing business in 2023: www.jack-smith.co.uk/dslp
JOIN OUR FREE EMAIL LIST TO RECEIVE PROPERTY DEALS:
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Flipping houses in the UK, or even just investing in buy to let’s or HMO’s are fantastic ways to create financial freedom and generational wealth. That is why it is important to have a way to asses whether a property deal is going to be profitable.
Follow the steps in this video to know exactly what you need to offer to secure a high quality investment property.
#ukpropertyinvesting #propertyinvestment

Опубликовано:

7 июл 2024

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Комментарии : 39

@tymccurdy3927 Год назад

Could you make a video on how you calculate renovation costs?

@jackdavidsmith Год назад

Yes I can definitely look at it

@fatandhungry30 Год назад

@@jackdavidsmith please do :))

@joshuavaughan9288 Год назад

@jacksmith yes totally agree. This would be amazing. Even just a breakdown of average costs. Say changing a kitchen. Redoing carpets. Hiring a plumber, site visits or assessments etc.

@Harjit_K 20 дней назад

Thanks for this such a great video

@kevwild9706 Год назад

Hi Jack Great content you've got going only juast come across your channel House looks very familiar on my road in Eccles

@bencolman7 Год назад

Very insightful video once again Jack. Thank you

@jackdavidsmith Год назад

🙏🏼

@callumwindsor6516 Год назад

This video is bang on 👌🏼 hope your channel takes off man always decent content

@jackdavidsmith Год назад

Thanks Callum 🙌 a lot of content coming this year, stay tuned 👌🏼

@ryan.w8670 Год назад

brilliant video, thank you and all the best

@jackdavidsmith Год назад

Thanks Ryan 🙏🏼

@Jack_Ody Год назад

Great Video Jack! looks like a great deal 🤑

@jackdavidsmith Год назад

Thanks mate! 🙏

@karenferns6160 11 месяцев назад

Great advice Jamie as always 👊

@karenferns6160 11 месяцев назад

That shoulda been Jack 🙄😆

@helenpack8251 Год назад

Great video! What about capital gains tax?

@-ZED- Год назад

Great video as always :) can you do a example video of the whole proces. Like a series video :) Thanks :)

@jackdavidsmith Год назад

Yeah I’ll look to do something like this soon!

@Ellis01234567890 Год назад

Are there deal sourcers around that will sell rent to serviced accommodation deals? I will be looking to expand my serviced accommodation portfolio around March/April.

@addythecaddie 11 месяцев назад

Jack, how do you know cost of refurbishments accurately? Is that from experience, quote from building companies, etc?

@junecorriette6651 4 месяца назад

When are you doing the one day training to do deal sourcing and flips

@cancer2361964 Год назад

Where did you get your training

@Sammm301 Год назад

Assess no Asses 😭😭 but great video Jack 👏

@jackdavidsmith Год назад

What do you mean..?👀

@andymolloy4296 Год назад

Hi Jack, can you add me to your distribution list and how can we get in touch re further info on the houses you have?

@jackdavidsmith Год назад

Hi Andy, yes the link to sign up to our deal emails is in the description of this video. Simply add your information and as and when we get property deals in, we will send them out

@nitinbhasin8898 Год назад

If neighbours house in exactly same condition sold for 230k last year, why would the owner agree deal at 180-185? In case they agree the is no point in doing it up. Buy it for 180-185 and sell it for 230-240. Get profit of 45-60 without any effort.

@jackdavidsmith Год назад

You definitely could sell it straight away. However you’d likely be all in at around £210k by the time you factor in all the costs

@eg3623 Год назад

How come the bills are so high? 1500 during refurb period is more than I pay for an year

@SupremeMJH Год назад

This is a great video but one thing is missing. Comparing the investment house to the one next door which sold for £230k at the very top of the market is not setting a realistic expectation of what you might achieve thanks to current market condition. High interest rates, cost of living crisis & high energy bills have all had an affect on the market and as such the property market is not the same as a year ago. You need to factor this in to your calculations for the property value, and adjust your offer accordingly. The same house next door which sold for £230k last year would probably be worth

@jackdavidsmith Год назад

That’s true, but because this property sold at the beginning of last year, the market increased a lot more before September than its decreased since. But yes market conditions is always something to factor in to any property purchase

@tonyc1167 Год назад

Alryt jack, I've just finished another flip and looking for another property, how do I get in contact with you?

@jackdavidsmith Год назад

Hi Tony, if you’re looking for another property through our company, you can head to our website and sign up to our mailing list: tpnuk.com/private-investors

@mrdeafa25 11 месяцев назад

I understand you have to pay Stamp Duty if you own another property as your main residence but does that include properties below the £200k threshold? Alternatively, if you are buying through a Limited Company how does the Stamp Duty liability affect the purchase?

@DesperateDan3231 2 месяца назад

Yes you pay the additional rate stamp duty (3%) on any second home purchase above £40k. All transactions made by a Ltd Company are also subject to the same stamp duty. When you come to sell the property the stamp duty is offset against your capital gains bill.