Back in May we published a post titled ‘PART 4 OF DE-RISK PROPERTY DEALS TO BUY WITH CONFIDENCE’ where we shared some pics of the property we are putting through our multi-exit ATM strategy of [Acquire-Transform-Monetise].
In short, we buy a seemingly standard property, force the value through a refurb (giving us the option to sell at a small profit at a point in the future). Once the refurb is complete our first cash exit is to operate serviced accommodation.
The refurb was on hold temporarily while Chris finished a client’s house extension but he was able to start on our property in earnest about 2 -3 weeks ago and it’s now progressing at pace.
Here we are providing a brief update and walk around to point out some of the key aspects of managing an effective refurb.
And the new ensuite…