Ethical Property Partners NI
https://www.eppbelfast.com/home-page/
To learn more about our Discovery Day that will take place on 2nd September follow the link below:
https://www.eppbelfast.com/seminars
Hi, Ian again. I hope you've watched the video we did just there a few days ago about flipping property. And I just want to follow on from that with a bit more depth of information. One of the things you've got to be very sure of is location, location, location is important. So, don't go and buy a property and pay nearly retail price and knowing that it needs 30 grand spent on because that's not going to work. That's one of the things that we teach in Ethical Property Partners is how to get value for a property. Because sometimes you get an inquiry and somebody wants to sell something, you're trying to figure out, well, what is it worth, or more to the point, what's it worth when it's finished? And then, you can step back. That's the way I work with a lot of my deals is that it's not what it's worth now, what it's worth to me. So, if a house is going to be worth a hundred thousand when it's finished, and you know it's going to cost you 20, 25,000 to do the refurb, let's say 25,000 to pick a number, that's 75,000 that you're not making any money on.
So, there's where you need to cut the profit out. And of course, the challenge there is that we all would like to make sometimes more profit than what the founder's prepared to accept for the property. So, it's a bit of a balancing act at that stage. So, you can negotiate, try and come up with a price, and of course, that's something we teach people how to do in our program. There's a way to talk to a vendor and we have a perfected way that Frank has worked on for the last 10 years to perfect. Even through the words that we use, the speed that we speak at, which is what I've changing, and the pause on the wait. So, these are things that we would love to try and help you and teach you with. And of course, it's important that we got the property finished off and get it on the market. And it's all to do with the [inaudible] team when it comes to that part of the thing.
So, let me do a wee pitch for September the 2nd. We're doing a tend for the event on Zoom, that we called a discovery day. We share a lot of the information that we do ourselves. So, it's not something that we're giving you. We're talking about the 62 different strategies that we use to control and buy property. We do share some of them with you, some of the most important ones with you, and with people who have came on the day and used some of the strategies. Because you get the book, we don't send you away empty-handed, you get the book with the full 62 strategies in it, and some cases that we've done that will help you understand how we did those.
So look, we'd love to get you to join us on that day. There's a link in the video here. You just follow a link and you can book your seat. We're doing an absolutely [inaudible]... In the room, it's normally 397, but we're doing it for 97 plus VAT on this Zoom event. We had a zoom event in fact in March, where we had four people come on and they're all doing very, very well. So, look forward to seeing you on the day, but in the meantime, we'll keep on giving you some more tips on how to flip and work with property. Thank you. It's Ian Jackson.
