* It is quite rare with a property that shows good Buy-To-Let potential will also offer a Buy-To-Flip opportunity.
i.e. when acquiring a re-mortgage (lenders call it a re-mortgage even though it does actually have a mortgage on it at the time) to release 75% of the equity in the newly refurbished property to be able to repeat the process with another property (75% Buy-To-Let Mortgage) very often the 75% from the mortgage does not cover the full investment on the property.
So, in that case, you are effectively “leaving money” in the property and it would take a certain number of months of rental income to bring you to a break-even point.
In the above Buy-To-LET 1 scenario, the 75% mortgage returned all the investment, plus approximately £1,500 cash back… NICE!