Sourcing distressed assets: How to find and buy investment property hugely below market value with double-digit yields - for buy to let, development, flipping or Buy, Refurbish, Refinance, Rent (BRRR)
Details:
Astute property investors buy distressed assets because that is where you find value.
There are very few outstanding property deals in estate agents' windows or on Rightmove and Zoopla, but that is where retail investors and amateurs acquire property.
Wholesale investors - predominantly professionals - buy distressed assets at auction, genuine off-market properties, and through receivers and administrators. The price difference can be up to 50%. The numbers are significant, and once you have invested wholesale, you will not go back to overpaying in the retail market.
Recent examples:
• Property purchased prior to auction, revalued six months later with no refurbishment required at a 53% capital gain.
• Property purchased after auction, revalued six months later with no refurbishment required at a 46% capital gain.
• Property purchased for £60,000 off-market (a four-bed HMO), no refurbishment required, yielding 32% (gross).
In this seminar, Dominic Farrell, the author of the Amazon No.1 bestseller “Property Auctions: Repossessions, Bankruptcies and Bargain Properties (2nd Edition 2024), will show you where to find distressed assets and how to buy them to achieve instant equity and strong cashflow.
Speaker Profiles
Director | Distressed Assets
Dominic Farrell has a degree in Economics and also a Masters. He attended the Royal Military Academy Sandhurst and reached the rank of Major before retiring to concentrate on property full-time, having built a portfolio while serving. He was decorated in the Operational Honours List 2001.
Dominic became involved in distressed assets during the Credit Crunch/Financial Crisis of 2008. He’s been in this market ever since and his journey, philosophy and method are outlined in the Amazon Number 1 bestseller Property Auctions: Repossessions, Bankruptcies and Bargain Properties, first published in 2023. It is also available in Audible/Audio. He and his wife Claire (an experienced property and construction solicitor) run courses to fast-track investors' knowledge and expertise. Meet them both at stand no10.