I hope you know who Sarah
beeny is. She is the very clever lady
who makes money by buying a property needing refurbishment, adding value by
creating properties that people want and then selling them on for profit.
Sounds easy doesn't it? We all live in a house and we know what
people want right? Its easy to stick to
a budget and make a profit right?
Well not really.
You have to buy right. Buying right is finding something that is
dirt cheap, refurbishing it on the cheap and selling it on the cheap. This is the way you protect your margin.
We can:
Find properties that are at 50% of their true
value once refurbished
Source materials that are very cheap but make
the property very saleable
Provide the labour to refurbish the property to
a saleable standard
Provide an estate agent who will sell the
property for less than 1% of the selling price
For those who have a head
for figures look at this example property we could find you:
Buying & Selling Costs
Purchase price (60% BMV)
£50,000
Legals, Broker, Survey
& Arrangement Fees
£2,000
Sourcing Fee
£2,500
Refurbishment Costs
£7,500
Interest Cost
£1,000
Estate Agency Commission
on sale
£1,000
Total Costs
£64,000
Selling Price
£83,500
Profit
£19,500
Capital Employed
Deposit 25%
£12,500
Sum of other costs listed
above
£13,000
Total Capital Employed
£25,500
Profit as described above
£19,500
Return on Capital Employed
76.4%
If you did 2 of these deals
a year then you would make £39,000 off a £25,500 capital investment. That is around a 150% return on your
money. So every £1,000 invested becomes
£2,500.
So how much effort do you
need to expend? None! We can find the properties, refurbish it and
sell it for you. If you were reasonable
on the asking price of the property then you could get a quick sale to one of
our investors.
So if you want us to get
sourcing for you to find a property requiring refurbishment then either: