"Over £500k equity and £75k pa cashflow with no money left in”
In this Deals, Deals, Deals Podcast Series, we go Behind the Scenes on some of the UK’s most Creative, Lucrative and Award-Winning Deals 🤩
In this episode with Property Entrepreneur, Umesh Kalra, we go through his journey from IT professional to full time property investor. He discusses attending the PE 3 day Blueprint Event last summer and his first 6 months on Property Entrepreneur.
Umesh then takes us through how he found this commercial conversion project, how he added value by changing the planning, how he funded the purchase and refurb using none of his own capital and describes the added bonus of a planning gain to the rear.
The headline numbers:
Purchase Price: £255,000
Fees: £20,000
Build costs: £350,000
Finance costs: £70,000
Total: £695,000
Valuation: £950,000
£255,000 equity plus £36,000 pa cashflow
Planning gain flats:
Build and finance costs: £500,000
Estimated Gross Development Value: £1,000,000
Estimated Equity: £500,000
Potential cashflow : £47,000 pa
Our May episode of Deals Deals Deals is now live, tune in straight away to avoid missing the boat.
Success and Failure are both very predictable.
Want to learn more?
Umesh Kalra – Investor / Property Entrepreneur
https://www.linkedin.com/in/umeshkalra/
https://www.instagram.com/umeshkalra7/
https://www.facebook.com/umesh.kalra1
Moneyrow Properties – HMO Portfolio Builder
https://www.linkedin.com/company/moneyrow-properties/
https://www.instagram.com/moneyrowproperties/
https://www.facebook.com/MoneyrowProperties
How to build a 7 Figure Net Worth & Six Figure Income in 2023 If you want to make the shift from working in, to working on your property business with a small team, low workload and high profits, visit www.donttalktotenants.co.uk now to learn more about the tested and proven Blueprint to become a New Age Property Entrepreneur in 2023.
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