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Flipping to generate cash for BTL properties. Decent strategy?!?!


Guest

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Hello All,

 

I have been working my butt off for the last two years on flips in the South. I work a 9-5 and have carried out nearly all the work myself, so i have learnt A LOT. Luckily the flips have been really successful and I am now in the fortunate position where i am able to withdraw some of the profits from those flips to invest in BTL properties. The next step is completely new to me. I want to keep my 9-5 (for the time being) and find BTL properties up North with decent yields but i am more focused on long term growth. 

 

Two questions; should i be looking at areas that will benefit from the HS2 line? Realistically how many properties will 60k cash get me?! I don't want to waste all the valuable lessons i have learnt flipping properties, so I will still be flipping properties in the South to hopefully generate more income to purchase additional BTL properties up north.

 

What do people think of this strategy?

 

Love the podcasts and visiting the forums here!

 

Thanks in advance!

 

E

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  • 2 years later...
On 10/24/2017 at 8:05 PM, Guest said:

Hello All,

 

I have been working my butt off for the last two years on flips in the South. I work a 9-5 and have carried out nearly all the work myself, so i have learnt A LOT. Luckily the flips have been really successful and I am now in the fortunate position where i am able to withdraw some of the profits from those flips to invest in BTL properties. The next step is completely new to me. I want to keep my 9-5 (for the time being) and find BTL properties up North with decent yields but i am more focused on long term growth. 

 

Two questions; should i be looking at areas that will benefit from the HS2 line? Realistically how many properties will 60k cash get me?! I don't want to waste all the valuable lessons i have learnt flipping properties, so I will still be flipping properties in the South to hopefully generate more income to purchase additional BTL properties up north.

 

What do people think of this strategy?

 

Love the podcasts and visiting the forums here!

 

Thanks in advance!

 

Elliott

Hi Elliott, 

Sounds just like the strategy that I have got in place. I would be happy to have a chat with you over text or phone call to discuss.

 

Thomas

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