#241

This is a cracking episode you won't want to miss.

It features a case study of how Saif Rehan is making a potential gross profit of around 190K by:

Buying a portfolio of 6 houses from a retiring landlord

Trading 4 at auction

Reconfiguring the 5th

Developing the 6th into a 6 Bed HMO leased to a Social Provider which he can now either hold or sell.

Our WhatsApp  group

Property Engine discounts (Code: EXPAT)
Starter: 30 day trial
Pro: 30 day trial/3 mths 1/2 price, Ultimate: 1/2 price 3 months

Goalsetting
Leave a review
37 Question Due Diligence Checklist / Auction Guide

Our Sponsors: Finnigan McNeill Property Group

We discuss:

·       Need for supplementary income to maintain and grow property portfolios

·       Importance of cash flow models

·       Multiple sources of income

·       Auction Pricing Strategy

·       Experience of Together Finance for bridging

·       Experiences with Serco and typical disputes over property condition

·       Purchase of a six-house portfolio from a retiring landlor

·       Tag-team strategy for maximizing portfolio deal value

·       Disposal & Monetization of portfolio

·       Critical importance of cash flow management

·       Tension between speed, price, and certainty in property transaction

Six-Property Portfolio: The Numbers

Overall Purchase:

• Price: £580,000
• Done up  value: £900,000

Properties 1-4: Auction Trades 

• Property 1:
  • PP 62K
  • Sold: 92K
  • Profit:  30K
• Properties 2 & 3
  • PP: 80K each
  • Sold: 110K each
  • Profit: 60K
• Property 4
  • PP: 80K
  • Sold: 97K
  • Profit: 17K
• TOTAL profit from four auction trades: About £107,000

Property 5: Flip (Reconfigured from Two-Bed to Three-Bed)

• PP: 80K
• Sold for 167K 
• Profit 32K

Property 6: Converted to Six-Bed HMO (Social Housing)

• Purchase cost: Bought for 107K
• Refurb cost: 100K
• Profit: 53K

Keywords
UK property podcast, Expat property investing, UK property investment strategies, Buy to let UK, Auction property UK, Investing in UK HMOs, Social housing investment UK, Flipping UK property, Property portfolio management UK, Cash flow in UK property, Property investing for expats, UK property capital growth, Oldham property market, Property trading vs holding UK, Bridging finance UK property, Property deals UK podcast, Sourcing UK property deals, Landlord exit strategy UK, Net profit property investing UK, Accountancy for property investors UK, Portfolio efficiency property UK, Social housing providers UK, Property refurb UK podcast, Property development UK podcast, Speed vs price in property deals, Edward Mellor auctions UK, Together Finance UK, HMO conversion UK