Flips are good for cashflow and a great strategy, and in this episode, Shaz explains what you need to have in place and how you can get started
From knowing your numbers to negotiating the right deals all the way through a project, Shaz shares valuable tips and advice about how to get started and succeed if you want to use flipping as either a supplementary or primary property strategy
KEY TAKEAWAYS
Flips are usually funded with bridging loans
If the project takes longer the costs can increase, it’s important to get things completed within the allocated time frame
Be clear about the numbers, the costs, what the margins are and what the
profit is expected to be
Negotiating is a key part, you need to negotiate the right deals throughout the project
Build in a contingency for each project  and be clear about what you are trying to achieve with each deal
Research and know the area you are focusing on
If you buy well and sell well it’s a great strategy
Set a timeline and focus on keeping everything tight
BEST MOMENTS
You need to have a vision and an eye for details
It’s a good supplementary or main strategy to have
You need to buy right, below market value to make it work
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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