This week on Ask Rob & Rob, the guys are clearing up some definitions on the difference between refurbs and flips, as well as below market value deals.
Our first caller Sam has a nice and easy question for us this week. He wants to know exactly what the difference is between a refurb and a flip.
It might seem like an obvious answer but there is a distinct difference, and one that most people will just assume they know the answer to.
So Rob B is taking it back to basics and clearing things up for Sam.
The second question comes from James, and funnily enough he’s interested in a flipping strategy.
He’s a surveyor himself and has been wondering at what point below market value, percentage wise, would Rob & Rob consider a biting point?
Rob D offers some pretty good calculations to help you work this one out so tune in to find out if a below market value property is really worth it.
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