281 - Profit play using Auctions for £100k+ profit on 4 deals

In this month's Deals Deals Deals podcast, we welcome back David France who was last on episode 175 on 1st October 2023, to go through how he uses auctions within his business.

Dave is based in the Lake District and was previously a joiner before getting involved in property sourcing. He is now in his 2nd year on Property Entrepreneur Advanced and has used the Blueprints to systematise his business so that he can focus on working on the high value activities he enjoys.

Dave has four businesses, a sourcing company, a training company helping people to source property, his property portfolio and the auction business.

We discuss four of the deals they have just sold within auction, how they found the deals, the location and types of properties and the reasons why they were being sold in auction. There was also a deal they had bought for cash and sold in a London auction through insurance bidding.

The numbers:

West Sussex 4 bed detached, sold at £665k with £40k fee

London 2 bed flat that had failed to sell with national company, sold £380k with £21k fee

Oxford 3 bed HMO with title issues sold for £230k with £20k fee

A property they bought for £95k and sold immediately to an insurance bidder for £125k

Combined fees of £111k

Want to contact Mark or his guests?

www.thepropertybrokerage.co.uk

mark@thepropertybrokerage.co.uk

David France

david@fastpropertypartners.com

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