145 - Property For Nothing And The Land For Free

<p dir="ltr">"Over £500k equity and £75k pa cashflow with no money left in”</p> <p dir="ltr"> </p> <p dir="ltr">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 🤩</p> <p dir="ltr"> </p> <p dir="ltr">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.</p> <p dir="ltr"> </p> <p dir="ltr">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.</p> <p dir="ltr"> </p> <p dir="ltr">The headline numbers:</p> <p dir="ltr"> </p> <p dir="ltr">Purchase Price: £255,000</p> <p dir="ltr">Fees: £20,000</p> <p dir="ltr">Build costs: £350,000</p> <p dir="ltr">Finance costs: £70,000</p> <p dir="ltr">Total: £695,000</p> <p dir="ltr">Valuation: £950,000</p> <p dir="ltr"> </p> <p dir="ltr">£255,000 equity plus £36,000 pa cashflow</p> <p dir="ltr"> </p> <p dir="ltr">Planning gain flats:</p> <p dir="ltr">Build and finance costs: £500,000</p> <p dir="ltr">Estimated Gross Development Value: £1,000,000</p> <p dir="ltr">Estimated Equity: £500,000</p> <p dir="ltr"> </p> <p dir="ltr">Potential cashflow : £47,000 pa</p> <p dir="ltr"> </p> <p dir="ltr"> </p> <p dir="ltr">Our May episode of Deals Deals Deals is now live, tune in straight away to avoid missing the boat.</p> <p dir="ltr"> </p> <p dir="ltr">Success and Failure are both very predictable.</p> <p><strong><br /> <br /></strong></p> <p dir="ltr">Want to learn more?</p> <p><strong> </strong></p> <p dir="ltr">Umesh Kalra – Investor / Property Entrepreneur </p> <p dir="ltr"><a href= "https://www.linkedin.com/in/umeshkalra/">https://www.linkedin.com/in/umeshkalra/</a></p> <p dir="ltr"><a href= "https://www.instagram.c