127 - How To Make £160k With A No Money Left In Deal
"Ex-Footballer Scores With 7 Flat Pub Conversion" 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 🤩 Hosted by me, Mark S Barrett from The Property Brokerage, this month it gives me the absolute pleasure to welcome Martyn Woolford, a former footballer who joined Property Entrepreneur in 2021 to help structure and systemise his growing property development business. He gained two business partners and this pub conversion in Castleford was done with one of them. The property had planning to convert it to seven apartments but there were issues with the layout that Martyn overcame and actually benefited from. “No problems, only solutions” is a Property Entrepreneur mantra. Martyn explains how he sourced the property, how he stacked the deal resulting in over £100,000 off the asking price and the process he used to structure the deal, using none of his own money. We also discuss the challenges faced and Martyn shares his Top Three Tips. The headline numbers: Purchase Price: £145,000 (asking price £250,000) Development costs: £280,000 Finance costs: £34,357 Total: £459,357 End valuation: £625,000 75% Mortgage: £468,000 No money left in Gross rents: £4300 pm / £51,600 pa Cashflow: £1550 pm / £18,600 pa Our February 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? Contact details: martyn@woolfordproperties.co.uk Instagram: wooly11 Boom or Bust? To understand the Top 5 strategies to ensure 2022/23 is the making, not the breaking of your property business as we go into a recession, download your FREE copy of the Boom or Bust report now at: www.boomorbust.co.uk Daniel Hill's brand new, first-ever published book Karma Credits: The Universal Law of Wealth, Health and Happiness was released on 6th October 2022 and can be purchased on Amazon. Click here now to purchase a copy. If you’ve not already joined the 9.3k Property Entrepreneurs for FREE in the Property Entrepreneur Facebook Group, click here to join now: The Property Entrepreneurs Community If you're listening to this podcast but have not yet subscribed, click the subscribe button to listen to what Daniel and other industry leading guests have to say on a weekly basis on all things business, investment property and lifestyle: The Official Property Entrepreneur Podcast Keep up to date with Daniel’s musings by subscribing on YouTube now: The Official Property Entrepreneur YouTube Channel Follow Daniel on Social: Instagram: @propertyentrepreneur_ Facebook: @PropertyEntrepreneurOfficial LinkedIn: @propertyentrepreneur