Sourced Property : How Ariel and Rick Made 35K Profit on One Sourced Property Flip
How to use this video
This video features insights from a current franchisee sharing their experience with the Sourced Property franchise. As you watch, listen for details about daily involvement, support, and challenges as well as successes. If this perspective resonates, the next step is to request more information and speak directly with the franchisor.
About This Video
In this video, Sourced Property UK partners Ariel and Rick walk Sourced presenter Chris through a Burnley three-bedroom end-terrace property flip in real time — purchase price, refurbishment cost, target sale price, and the £30-35K profit projection that makes the deal work for both partners. Rick has been in property for nearly twenty years — buy-refurbish-refinance-rent (BRR) deals, buy-to-lets, and slightly bigger commercial-conversion projects. He came to Sourced primarily for Sourced Capital, the group's investor-introduction infrastructure that gives partners credibility when raising deal finance from external investors. Ariel comes from a software-development background and joined Sourced two years ago, starting with smaller buy-to-lets that he refurbished and rented to social-care providers. Through the Sourced network he met Rick, and the Burnley flip is one of their joint projects. The deal economics they walk through are clean. Purchase price £80,000 (a probate sale, no stamp duty payable). Renovation cost £30-35,000 covering replastering, new kitchen, new bathrooms, new flooring across the property. Finance and other costs around £15,000. Target sale price £160,000. Resulting profit projection £30-35,000. Rick's analytical framing is useful for prospective candidates. The Burnley area has strong demand for three-bedroom properties relative to two-bedroom terrace stock, the location backs onto a park, and the entry price plus the refurbishment scope created the value-add opportunity that the deal needed. For a Sourced Property UK partner, the case study is concrete: this is what a typical partner deal looks like, end-to-end, with clean numbers and a clear strategic logic. Ariel and Rick's collaboration also shows how the network connects partners with complementary skill sets to take on deals neither would attempt alone. A Sourced Property UK partner can build a deal pipeline of value-add flips with finance and partner support from the Sourced network.