Commercial conversions are they a good idea?

Shaz thinks they are a great strategy and shares great content about a commercial conversion of his own, how it was funded as a no money down deal for him and the positive outcome with money available to invest in the next project.

If you have wondered how a no money down commercial conversion works then this is a great opportunity to hear how it’s a great strategy that can be used repeatedly to move your property business forward. Commercial conversions are a great way to go.

 

KEY TAKEAWAYS

• I bought a property for £395,000 to convert into 21 flats
• The purchase was funded by a private investor except for £45,000 and another investor joint ventured on this part of the deal.
• The mortgage process took around 13 months and was the longest mortgage application I have made in my life due to the pandemic and the lender had extensive questions.
• We have mortgaged to pay back both the majority investor and the JV partner
• We now have  £125,000-150,000 to invest in new projects and 21 flats for free.
• This is how conversions should work.
• Starting small and scaling up is a good way to go.
• Commercial conversion is a strategy I would do day after day every day
• It’s a property strategy that gives you cash flow, you can keep the properties and rent them out or sell them.

 

BEST MOMENTS

‘We have got back all of our money to pay the initial funder and more for new projects’

‘Commercial conversions are a great way to go’

‘I think commercial conversions are fantastic’

 

VALUABLE RESOURCES

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ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

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