This month we invite back Umesh Kalra of Moneyrow Properties who last appeared two years ago on Episode 145: Property For Nothing And The Land For Free.
Umesh is a family man and was previously in IT before building his portfolio and going full time in property. He shares his 10 years of property investing experiences before making the decision to invest in his education and to then see his portfolio and business taking off. Umesh has been on Property Entrepreneur for three years and is a founding member of Adam Goff’s Mastermind group.
Umesh now provides a full range of residential investments with his Portfolio Builder Service and he discusses his process and three of his recent deals.
Here are the numbers:
7 bed HMO in Kirby, Leicestershire
Purchase Price: £240,000
£19,280 professional fees, stamp duty etc
£15k + vat Portfolio Builder Fee
£190,560 refurb incl furnishings etc
Total: £467,830
Gross Development Value (GDV): £600,000
Equity: £132,170
Cashflow: £21,651 pa
Return on Capital Employed: 67% on £32,000
6 bed HMO in Coalville, Leicestershire
Purchase Price: £172,000
£15,200 professional fees, stamp duty etc
£15k + vat Portfolio Builder Fee
£187,400 refurb incl furnishings etc
Total: £392,600
Gross Development Value (GDV): £495,000
Equity: £102,400
Cashflow: £20,145 pa
Return on Capital Employed: 63% on £32,000
3 bed semi Buy To Let in Leicester
Purchase Price: £165,000
£35,000 professional fees, stamp duty and refurb
£10k + vat Portfolio Builder Fee
£190,560 refurb incl furnishings etc
Total: £212,000
Gross Development Value (GDV): £250,000
Equity: £38,000
Want to contact Mark or his guests?
www.thepropertybrokerage.co.uk
[email protected]
Umesh Kalra
https://www.instagram.com/umeshkalra7/
https://www.facebook.com/umesh.kalra1
Moneyrow Properties - HMO Property Builder
https://www.linkedin.com/company/moneyrow-properties/
https://www.instagram.com/moneyrowproperties/
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