WHAT NEXT

Now we have the investors due diligence pack, it was over to Steve Hamilton to work his magic and sell the deal to investors.

Why not me? to be a compliant deal Sourcer in the UK you must be registered with the AML (Anti Money Laundering Scheme), have professional and public liability insurance, have a GDPR code of practice in place (register with the Information Commissioner's Office) and be registered with the property readdress scheme.

I do not have these in place as this is my first deal. Therefore, i can do the initial work but i am not able to deal with investor funds or personal data.

Also, property professionals with a decade of experience such as Steve have a pool of clients. Therefore, it makes sense as a start out co-sourcer to pass this onto Steve and he can work his magic.

Thursday 4th September 2025

I got a message from Steve at 08:38am.

"Hi mate, i have someone interested in the deal. Please can you update the end value details to say £160,000 - £180,000 based on the valuation officers information and also amend the heading for Bathroom.

I reply, sure thing. Deal pack sent over.

Later that day...... 13:05 i get a phone call

JAMES I HAVE SOLD THE DEAL FOR £2000 !

Now you need to send over the compliance documents, emails and vendors details to the buyer. This is to ensure they have a smooth purchase.

All details sent over and bang DEAL SOLD !

FIX & FLIP DEAL MANCHESTERPROFIT: £48,950SECURED PRICE: £285,000REFURB COST: £40,050

REQUEST DEAL INFORMATION

FIX & FLIP DEAL MANCHESTER
PROFIT: £48,950
SECURED PRICE: £285,000
REFURB COST: £40,050