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.

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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/

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