330 - Commercial Conversion, £600k profit with JV funding

330 - Commercial Conversion, £600k profit with JV funding

This month on Deals Deals Deals, we welcome Ben Richards, who is an Architect and Property Developer amongst other businesses. Ben has just completed his first year on the Property Entrepreneur Programme, and he was voted by his peers to win 3rd place in the Property Entrepreneur of the Year Award and 3rd place in the Deal of the Year Award. It is this deal that we go through in this episode of The Blueprint Podcast.

Ben lives in St Albans with his family and has set up several businesses over the last 8 years with 30 staff across the businesses.

Ben and his partner have raised £17m to fund their developments on an interest or Joint Venture basis and they are currently live on 6 sites with a £30m GDV.

The deal we discuss was funded with a Joint Venture partner who put up the cash required and they split the profit 50/50. We discuss tips on how to raise private finance as well as his top 3 tips and other learnings.

The headline numbers of the commercial conversion in Marlow which was split into 8 units are:

Purchase Price: £1.17m

Total Development Costs: £940,000

Finance costs £350,000

Total Cost: £2.46m

Gross Development Value: £3.1m

Gross Profit: £640,000

Success and failure are both very predictable.

I hope you enjoy.

Want to contact Mark or his guests?

www.thepropertybrokerage.co.uk

mark@thepropertybrokerage.co.uk



Ben Richards

www.theHMOagent.com

mark@theHMOagent.com



Want to learn more?

👥 Join 13K+ property entrepreneurs and business owners in our free Property Entrepreneur Facebook Group — a community built on shared knowledge, proven strategies, and support from those on the same journey..
👉 The Property Entrepreneurs Community

📺 Want Daniel's proven Blueprints in action?
Subscribe to The Blueprint YouTube Channel for powerful, practical content on how to start, scale, or sell a business in property — straight from the source.
👉 Watch & Subscribe Now

Follow Daniel on Social:

Instagram: @propertyentrepreneur_

Facebook: @PropertyEntrepreneurOfficial

LinkedIn: @propertyentrepreneur


Check out our new Instagram: @propertyentrepreneur_uk

Avsnitt(357)

360 - Special Edition: 50 Deals Reviewed | £30M Equity | £5M Profit | £5M Cashflow

360 - Special Edition: 50 Deals Reviewed | £30M Equity | £5M Profit | £5M Cashflow

In this milestone episode of The Blueprint Podcast, Mark Barrett is joined by Dan Hill to review the first 50 deals featured on the Deals, Deals, Deals episode series. Across these deals: £30M+ equity...

1 Maj 58min

359 - Rules & Returns Blueprint

359 - Rules & Returns Blueprint

After the huge response to our last episode—where we broke down the risks of global conflict and how to de-risk, deleverage, and diversify—this one takes it further. This is The Rules and Returns Blue...

28 Apr 19min

358 - THE WAR – Derisk, Deleverage, Diversify Blueprint

358 - THE WAR – Derisk, Deleverage, Diversify Blueprint

Tensions are rising.  Global stability is fragile.  Supply chains, capital markets, and investor confidence are shifting faster than most people are prepared for. This episode of The Blueprint Podcast...

21 Apr 21min

357 - Hall of Fame Podcast: Lyndsay Yuill – Finding Balance with a Clear Vision for Growth

357 - Hall of Fame Podcast: Lyndsay Yuill – Finding Balance with a Clear Vision for Growth

In this Hall of Fame episode of The Blueprint Podcast, Katie Harvey sits down with Lyndsay Yuill, Founder and Sales Director of Rentlocally, as she enters the Property Entrepreneur Hall of Fame having...

15 Apr 28min

356 - 12 Week Year Blueprint - What a Winter!!

356 - 12 Week Year Blueprint - What a Winter!!

In 12 weeks, I locked in and executed more than most people would hope for in a month:   1. Launched a brand new business: The Hill Family Office 2. Built the brand, business plan, website, PDPs and f...

14 Apr 22min

355 - Daniel Hill and Katie Harvey go Six Rounds!

355 - Daniel Hill and Katie Harvey go Six Rounds!

Now THIS is going to be a podcast you DO NOT want to miss!    It's time for another episode of our HUGELY popular SIX ROUNDS VIP Guest podcast!   In this episode, Property Entrepreneur of the Year 202...

7 Apr 1h 8min

354 - The Deal of The Year: 32 New Build Units Generating £1.8m Profit

354 - The Deal of The Year: 32 New Build Units Generating £1.8m Profit

In this 50th episode of the Deals Deals Deals Blueprint Podcast, our host Mark Barrett welcomes Mark Jones and Meena Kanagavel, winners of the Property Entrepreneur Advanced Deal of the Year Award, to...

1 Apr 42min

353 - Challenge - Make £1M in 90 Days!!!

353 - Challenge - Make £1M in 90 Days!!!

What if you gave yourself 90 days to create £1 million in value from a single property deal?   In this episode of The Blueprint Podcast, I break down a challenge I've set myself just for fun on a deal...

31 Mars 10min

Populärt inom Business & ekonomi

framgangspodden
varvet
rss-jossan-nina
rss-svart-marknad
rss-borsens-finest
badfluence
avanzapodden
uppgang-och-fall
svd-tech-brief
bathina-en-podcast
fill-or-kill
lastbilspodden
rss-dagen-med-di
rss-kort-lang-analyspodden-fran-di
tabberaset
rss-inga-dumma-fragor-om-pengar
24fragor
kapitalet-en-podd-om-ekonomi
rikatillsammans-om-privatekonomi-rikedom-i-livet
borsmorgon