Flipping mentor wanted in return for interior styling advice.

Thank you Nigel.

Yeah, I was hoping to get some hands on experience in and around my region to get to understand the local market a little better (e.g. suppliers, trades people etc)…but thank you for your response.

Mike

Hi Johann,

Thank you very much for your message. 

To answer your question, I wish to flip a property next for several reasons:

My other properties were purchased with a buy/hold strategy in mind. They are just ticking away nicely,  however I feel I'm in a holding pattern at the moment (I won't consider selling the properties for at least another 5-7 years to really maximise capital growth) and so now I just want to keep going with my passion for property. Therefore, flipping is a more immediate way of continuing my growth plan i.e. mixture of flipping and buy/hold. 

The other reason is that I have recently fully renovated my Windsor apartment and not only have I become addicted, I've realised how much value I can add through the use of my design skills. 

I agree, the Melbourne market is pretty chaotic at the moment, so I would no doubt be very cautious about where I buy and for how much. 

I appreciate the mortgage broker recommendation. I do have a great broker and we have just reworked my loans a few weeks ago. However, my issue is cash flow (as I only just bought my latest property late last year…and I also work for myself). Therefore, while I wait, I thought the next best thing would be to volunteer my time/labour in return for experience with a flipping mentor. 

So you think there's a market to assist flippers from a design perspective? 

Thanks again,

Mike

P.S. Congrats on your latest purchase!