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Dominic Farrell was born and bred in Liverpool and attended the Salesian High School, then the University of Bradford where he read economics. After graduation, he attended the Royal Military Academy Sandhurst and was commissioned into the King’s Regiment. He served all over the world, completed a master’s degree in defence administration and was decorated in the Operational Honours List 2001. He retired as a major at his first pension point to pursue property development full-time, having built a portfolio of buy-to-let properties while still serving in the army.
Dominic quickly established himself as a property developer in Cyprus in the run-up to European Union accession. This was a huge success, until the Credit Crunch and financial crisis of 2008 and its aftermath. For many developers worldwide, the market collapsed.
This period was also an opportunity, and Dominic quickly established Distressed Assets to seize opportunities brought about by the crisis, some examples of which are shown in this book.
He has been an active property developer and investor for decades, buying and selling hundreds of properties, but for the past 16 years has focused almost exclusively on distressed assets at property auctions, where he feels the real value is to be found.
Distressed Assets sources properties for clients. They also run workshops for new and not-so-new property investors on how to source distressed assets, both for themselves and professionally as agents.
He lives in Liverpool and is happily married with three children, two dogs and two cats.
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