Flipping vs BRR

14/04/2021 10 min Episodio 90
Flipping vs BRR

Listen "Flipping vs BRR"

Episode Synopsis

Are you looking for regular cash flow or quick cash?
Shaz shares information about buy, refurbish, refinance and flipping as property strategies.
Each has advantages and it is all about what you are trying to do – build equity and a passive income or generate cash flow and an active income. As someone who uses both buy, refurbish, refinance and flipping Shaz has great tips on what works and why - depending on what you want and need from a property.
 
KEY TAKEAWAYS
If getting big amounts of cash in quickly is what you want then buy, refurbish, refinance won’t be the strategy for you.
If you don’t want to get involved with agents then flipping will be a better strategy for you.
If you are selling the properties then you will pay corporation tax if you are a limited company and income tax as an individual.
If you find the right deals and get them packaged well flipping works
If the property takes time to sell then you can end up paying more interest to the lender
The key benefit of BRR is you are generating regular cash flow and you can also benefit from capital appreciation on the property.
With buy, refurbish, refinance there are maintenance and void periods to account for with properties and having to deal with agents.
  
BEST MOMENTS
‘You can keep recycling your money’
‘Flipping means you can generate cash quickly’
 
VALUABLE RESOURCES
[email protected]
 
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
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  YouTube.