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Dominic Farrell was born and bred in Liverpool and attended 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 worldwide, completed a master’s in Defence Administration at Cranfield University, and was decorated by HM The Queen in the Operational Honours List 2001. He was awarded the Queen’s Commendation for Valuable Service (QCVS) for outstanding service on an operational tour.
At his first pension point, he retired as a major 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 17 years has focused almost exclusively on distressed assets at property auctions, where he feels the real value is to be found.
He is also the founder of a well-established lettings, property management and renovations company in Liverpool.
Dominic has a very successful mentorship programme for property investors wishing to master the property auction world, as well as other forms of distressed assets. He also runs one-day property auction and distressed assets workshops four times a year in London and live online (for further details, see the end of this book).
He lives in Liverpool and is happily married with three children, two dogs and two cats.
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