275 - £150k Equity, £70k pa Cashflow & No Funds Required

In this month's Deals Deals Deals podcast, we welcome Grant Hutchby who with his wife Kay make up KG Short Stay, based in South Wales.

Grant shares how he managed to leave his corporate career in 2019 to focus full time on their business and how they have both successfully joined the Property Entrepreneur Board to help them level up their business.

They manage over 140 properties for their clients and their own portfolio in South Wales and in selected cities in England. We discuss their ideal type of property, the service users they specialise in and all the key metrics within the business like average length of stay and all the typical costs as well as how Grant analyses deals. We also discussed the VAT situation and potential issues to avoid.

Grant and Kay also Joint Venture with clients where they add their knowledge and expertise and the client adds the cash funds to purchase the property, refurb and other costs etc and they split the profits on a 50/50 basis.

Grant takes us through a recent example of a 6 bed pub with a 3 bed cottage where they added 6 studios and created £150k of equity, with over £70k pa of cashflow whilst using none of their own funds.

The key numbers are :

Purchase price £370,000

Refurb £160,000

Other costs £20,000

Total £550,000

GDV £700,000

Equity £150,000

Revenue £190,000

Operating costs £99,000

Flat rate VAT £19,950

Profit before tax £71,050 shared with JV partner

This equates to about the current average earnings based on Office of National Statistics , £36.660 on one deal.

Want to contact Mark or his guests?

www.thepropertybrokerage.co.uk

mark@thepropertybrokerage.co.uk

Grant Hutchy

WhatsApp: +447866365040

Discovery Call: https://calendly.com/granthutchby/discoverycall

Email: grant@kginspiredproperty.com

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 can be purchased on Amazon. Click here now to purchase a copy.

If you've not already joined the 12.2k 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