169 - £3,000pm Profit From Commercial 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 🤩 This month we have a special edition of the Deals Deals Deals Podcast featuring Tim Witt who joined Property Entrepreneur last year and Guillaume Black of Property Filter who joined 3 years ago. Tim has great experience in the construction industry having previously worked in Australia and England, project managing large construction projects. He attended the PIN Mastermind and then after taking a year out, Tim was ready to grow his own portfolio and property sourcing business and joined Property Entrepreneur to help grow his team and systemise his business. Tim started using Property Filter to systemise property sourcing and has found seven great deals so far this year with the system as well as off plan properties. We discuss Tim’s background and how his team now sources great residential and commercial conversion deals for his own portfolio and his clients and then deep dive into a commercial conversion project of a warehouse in Greater Manchester. Three flats were converted into a six bed and four bed HMO as well as retaining a two bed flat. Tim shares how they got planning, the huge projected down value they received, right through to the final valuation and his top 3 tips in finding great deals. As an extra bonus, we have the link below to a quick demo of Property Filter with Guillaume as well as how Tim uses it to find great deals: https://go.property-filter.co.uk/Live-Demo-Property-Filter The numbers are: Purchase Price: £218,000 Refurb: £193,000 + finance and costs End valuation: £617,000 80% mortgage £493,600 Cash left in £30,000 Rents: £6975 pm / £83,700 Net cashflow £3,000 pm All own funds out in first year Gross yield 13.5% Return on Capital then infinite Our September episode of Deals Deals Deals is now live, tune in straight away to avoid missing the boat. Success and Failure are both very predictable. Do you want to build a 7 figure net wealth and 6 figure income? Our unique and proven Deals Deals Deals training is now available to complete ONLINE, on demand and in the comfort of your own home! For only £500 you can learn how to make over £500k in the next 12 months using the Build to Lease strategy I have used to deliver over £10,000,000 of deals. Take action and visit www.BuildToLease.co.uk to take your investing to the next level. Want to contact Mark or his guests? www.thepropertybrokerage.co.uk mark@thepropertybrokerage.co.uk Tim Witt www.facebook.com/timothy.witt.3 www.facebook.com/propertyportfoliobuilding www.linkedin.com/in/timothy-witt-77b0275b Guillaume Black https://app.property-filter.co.uk/ https://www.youtube.com/@PropertyFilter https://www.facebook.com/PropertyFilterUK https://www.instagram.com/blackguillaume_propertyfilter/ https://www.linkedin.com/company/property-filter/ Want to learn more? Want to know the ONLY 5 PROBLEMS you need to overcome to become a High Net Worth Property Entrepreneur making 6 and 7 figure annual profits? Click here now to download our FREE PDF report 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 10.3k 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 unique and proven Blueprints by subscribing to The Blueprint YouTube Channel now Follow Daniel on Social: Instagram: @propertyentrepreneur_ Facebook: @PropertyEntrepreneurOfficial LinkedIn: @propertyentrepreneur