An investment carries some element of risk but if correctly carried out, then this strategy has proven to be very profitable for property investors. The key success factors are: Buy a bargain – These properties usually don’t attract many buyers because of their conditions, so make an offer below the market value and say you can complete in 4 weeks. Add value in the refurbishment process and get a good contractor to carry out the work. Use a broker/adviser that knows the process inside & out, to make sure you can refinance as soon as the property is finished.