Show Notes
In this episode I sit down with David Stewart to dig into how he actually runs UK property trades, flips, deal sourcing and portfolio building in Scotland. We break down a real quick trade—bought for £70k, sold for £122k about ten days later (listed the same day, no refurb)—and walk through the numbers, funding and timing. We also cover pricing, managing risk, and how David decides when to trade, refurb or hold.
If you’re into UK property investing, motivated sellers, BRR, flipping houses or building a buy-to-let base, you’ll find practical ideas you can apply in the Scotland property market.
We also talk auctions, staffing vs staying lean, and the realities behind cashflow, bridging, investor loans and exit strategies—without the hype, just what works on the ground in Scotland. 
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Chapters: 00:06 Intro & why this conversation matters for UK investors.  01:22 Life at auction & moving into investing (roles, deal flow).  14:43 Portfolio risk, revaluations & policy changes to watch.  16:02 ADS, budgets and why Scotland keeps investors on their toes.  25:02 How David prices: legals/fees first, then real discount.  26:08 Deciding the exit: trade, refurb, let, or SA—optionality first.  27:20 North Berwick case study: buy £138k, values north of £300k.  28:00 Lead source & seller situation behind the deal.  33:16 Funding: bridging, investor loans, paying on time.  34:50 Managing timelines & looking after investors.  37:28 Heavy refurb numbers, LTV surprises & margin management.  40:56 Chains, seasonality & when to accept under home report.  47:14 Team vs lean ops: scaling without killing margin.  49:08 Best deal this year → the 10-day Edinburgh trade.  49:14 £70k buy → £122k sale in ~10 days; zero refurb; funded.  59:50 “No secret sauce”: sales skills, consistency, patience.  1:01:54 David Stewart’s socials & wrap-up. 
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