Another short-term strategy, buying off-plan and flipping is similar to buying a property and selling, except that the title deeds are never transferred into your name. Thatâ€™s because youâ€™ll buy a new property off-plan (sight unseen) and sell it between one and two years later once the apartments are completed. Youâ€™ll usually get a good deal buying off-plan, especially if itâ€™s an emerging market ie a growth area with low prices to begin with. You wonâ€™t have to pay for tradesmen and materials and thereâ€™s no property chain to have to consider.
Profits here can be excellent and with very little effort on your part. You wonâ€™t even have to buy burglar alarms, locks and smoke alarms since developers today fit these as standard in new apartments. Personally, we are working with partners in up-and-coming Croydon and expect high yields within the next three to four years.