127 - How To Make £160k With A No Money Left In Deal

<p><strong>"Ex-Footballer Scores With 7 Flat Pub Conversion"</strong></p> <p> </p> <p><span style="font-weight: 400;">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 🤩</span></p> <p> </p> <p><span style="font-weight: 400;">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.</span></p> <p> </p> <p><span style="font-weight: 400;">He gained two business partners and this pub conversion in Castleford was done with one of them.</span></p> <p> </p> <p><span style="font-weight: 400;">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.</span></p> <p> </p> <p><span style="font-weight: 400;">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.</span></p> <p> </p> <p><span style="font-weight: 400;">We also discuss the challenges faced and Martyn shares his Top Three Tips.</span></p> <p> </p> <p><span style="font-weight: 400;">The headline numbers:</span></p> <p> </p> <p><span style="font-weight: 400;">Purchase Price: £145,000 (asking price £250,000)</span></p> <p><span style="font-weight: 400;">Development costs: £280,000</span></p> <p><span style="font-weight: 400;">Finance costs: £34,357</span></p> <p><span style="font-weight: 400;">Total: £459,357</span></p> <p> </p> <p><span style="font-weight: 400;">End valuation: £625,000</span></p> <p> </p> <p><span style="font-weight: 400;">75% Mortgage: £468,000</span></p> <p> </p> <p><span style="font-weight: 400;">No money left in</span></p> <p> </p> <p><span style="font-weight: 400;">G