The Progressive Property Podcast How to Flip a House: A Beginners Guide with Scott Wroe
Kev is joined by social media expert and property investor Scott Wroe in this episode. They talk about strategies anyone can follow to flip houses as well as the unique ways you can leverage social media in your property investing business.
KEY TAKEAWAYS
- Scott’s parents were flipping houses throughout his childhood. He is only 27 but has lived in 30 houses!
- Scott focuses on the cheapest house on an average street.
- If you are starting out, don’t buy houses that need any major work, instead focus on things that need updating cosmetically.
- Look for a mentor to guide you and prevent you from making expensive mistakes.
- After just two deals, Scott made a 70k profit.
- As Scott grew, he started using contractors and even established deals with kitchen suppliers via social media.
- You would be surprised how easily brands want to gift items and products to 'house' accounts, you only need a 30k following to get noticed.
BEST MOMENTS
"It’s knowing the difference between expensive things and things that are going to cheap [to rectify]”
“I think they could be much more successful by attending one of your courses”
“I made 40k on the first one, I was 20”
“It was so much easier having other people doing the work because then I could be doing other things”
“People will literally gift you anything”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
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