TRAINERS

DOMINIC FARRELL - A BSc (Hons) in Economics, MBA (Defence), property investor/developer and author of the Amazon No.1 bestseller: Property Auctions: Repossessions, Bankruptcies and Bargain Properties.

CLAIRE FARRELL - Former Director of Legal Balfour Beatty Construction, Senior Lecturer in Construction Law and a practising property and construction solicitor with 23 years’ experience, property investor.

JOSHUA LEE - CeMap – mortgage and bridging finance specialist – the UK Adviser.

Property Auction Courses - Property Auctions: Repossessions, Bankruptcies and Bargain Properties – LIVE and ONLINE

This is a one-day in-person property auction course in a prestigious Central London venue and is also available LIVE online for those unable to travel or live overseas.

Training Objectives:

Buying property at auction is a proven strategy for acquiring investment properties significantly below market value, whether the overall market is rising, falling, or stagnating. Properties can be flipped, developed, held or refurbished as part of a ‘Buy, Refurbish, Refinance and Rent’ (BRRR) strategy.

Why pay over the odds through Rightmove and Zoopla (retail) when you can buy at auction (wholesale)?

Our workshop programme is designed and delivered by trainers who deal in the auction market daily. At the workshop, we will source target properties LIVE and look at the deal, legal pack, finance, and tactics for success.

What’s covered?

Stage 1

· Auction strategy

• Define your auction strategy given current market conditions.
• How to use auctions to buy properties for development, buy to let, flip and BRRR

Stage 2

· LIVE property auction sourcing

• How to filter hundreds of properties to just a few – a LIVE demonstration of a current auction
• Setting parameters
• Analysing the short-list of properties

Stage 3

· Viewings

• What to look for when viewing properties
• VIDEO – Group assessment and discussion of property viewing videos
• The ‘show stoppers’

Stage 4

· Understanding the legal pack

What are the components of a legal pack, and what are they important?

• Contract of sale
• RICS Common Auction Conditions 4th Edition (2018)
• Special Conditions of Sale
• Energy Performance Certificates (EPCS)
• Searches
• Property Information Form (TA6)
• The Fittings and Contents Form (TA10)
• Leasehold Property Enquiry (LPE1)
• Any planning or building regulations
• Commercial Property Standard Enquiries forms
• Understanding legal charges and notices

Stage 5

· Managing risk

• Indemnity insurance
• Other risk-reducing strategies

Stage 6

· How to set your maximum bid

· The pros and cons of:

• Pre-auction offers - tactics
• LIVE bidding
• Proxy bidding
• Post-auction offers - tactics

Stage 7

The Process

• How to register to bid
• How to use the online bidding software
• How to bid by proxy
• How to bid at a LIVE auction – the tactics

Stage 8

How to finance the auction purchase and the process up to completion

• Bridging finance
• Mortgage finance

Additional Topics

· How to find and buy genuine off-market investment properties.

· Securing deals with LPA Receivers

· Property call options

· Debt for asset swaps

Networking with trainers and attendees afterwards in the bar