*Large guesthouse Essex – 4- 2 beds + 4-1 beds – Planning approved
Information about price for flats, refurb price, funding costs.
Glenn advises to take in consideration costs of investment wisely and what strategy he should use! Plus consideration on getting more information about the flats worth now and after refurb, what profit will be made!
-Consider over offering
-No money down
Property Flipping
*Dropped price on a 1 bed property in London, Vauxhall - possibly convert into a 2 bed
Is it possible to convert this 1 bed into a 2 bed and if it is profitable!
Glenn also givesadvice regarding decision taking and research.
Do the maths!!
Question about Commercial Property
Glenn explains how to use information that has been taught on the 4-day course.
How to approach estate agent: Building report!
*HMO + 2 flat attached to it
*Large corner property could be turn into 3 bed flat property
In Glenn’s latest video on his travels, he shows you a finished Bungalow project nicknames Ewtor.
Part 1
In this 2 part video Glenn takes you round one of the latest Property Flipping Deals involving a 2 bed Bungalow. You will see how the Bungalow has been transformed into a 3 bedroom modern living space; with large clean, spacious rooms. The property was purchased for £170,000 with £70,000 works cost. It was offered for sale at £425,000
Part 2
In the 2nd video, you see how the outside of the Bungalow has been changed
In Glenn’s latest video on his travels, he explains how he has spent time this week in the London Property market exploring deals in all areas of the capital. From attending the London Property Meet and ending his week looking at a block of flats suitable for student lets.
As you can see from the before after video below we have turned this property from a two bed bungalow with a badly shaped lounge to an amazing three bed bungalow.
If you would like to find out more about how to find these types of deals and how to get a great and maximum uplift then take a look at our Property Flipping Video Programme: http://www.thepropertyinvestorcompany.co.uk/9-97-property-flipping-video/
If you think you’re ready to go to the next level and do this type of project yourself, book our my next 4 Day Property course ? go here: http://www.glennarmstrong.com/courses-training/
As the owner of 243 investment properties and with over 60 development projects running throughout the UK I am always getting asked the following question: “where are the best places to buy investment property?“
My answer is this; “it depends!”
Here is a quick video explaining where to buy UK investment
I also explain in a second video…
The importance of super safe leverage. This is something every investor should understand however very few investors really do understand the true meaning. It is what allowed me to buy more than a property a week for almost three years without running out of money!!
No its not borrow 75% on a mortgage and only put in a 25% deposit, that is not what I mean by super safe leverage.
Don’t just become a better than average investor !!!!
Learn how to smash average!!!
You need to understand what you need to understand to become a sophisticated investor.
Remember you do not know what you do not know whatever level you are at.
Click here for the first video and let me help you reach a whole new level
A national network of graduates from the Glenn Armstrong Property Partnership initiative is now set to provide a sourcing and management service for advanced investors who don’t have the time to find suitable properties for their portfolios or want to invest in properties in parts of the country distant from their homes. The service sources properties suitable to be HMOs (houses in multiple occupation) which provide higher investment returns than individual buy-to-let properties.
Launching the new service (glennarmstrong.com/hmo-sourcing), Glenn Armstrong said, “Many investors live in and around London, but they don’t have the time to source, refurbish, upgrade and manage properties themselves. Or perhaps they want to invest in the lower cost, higher yield areas like Liverpool, Hartlepool, Newcastle etc. (which produce far better net cashflow and yield than London properties) and know that they can’t effectively do this themselves from their southern locations.
“So I’ve trained my team of property development partners throughout the country to source, upgrade and manage profitable HMO properties all around the UK.”
Armstrong’s HMO sourcing team are all experienced property investors in their own right – so they are highly skilled at what they do. All have been trained and mentored by Armstrong himself and have graduated onto his Partnership Programme - where Armstrong and the Partner undertake joint venture property projects from a few £100k to several £million per project.
Armstrong and his partners typically have some 50 to 60 property development projects underway around the UK at any one time.
“Because they are looking for refurbishment and development projects all the time, my partners are highly experienced in finding the right sort of properties to each investor’s exact specifications,” said Armstrong. “And as my partners are spread throughout the UK, we can source upgrade and manage HMO properties almost anywhere in the UK to suit each specific investor’s requirements.”
The sourcing team are all trained in refurbishment estimation and are also skilled in the project management of any upgrades to properties that may be required to make them profitably rentable. They can also either manage the entire property for the investor, or introduce the investor to a suitable letting agent in the local area – one specifically skilled in HMO management.
“This is not a scheme for amateur investors” warns Armstrong. “We will find HMO properties for investors, we can manage refurbishments and tenants if required, but we are not financial advisors and so it remains the investor’s responsibility to do full due diligence. Investors must demonstrate to us that they know what they’re doing when it comes to property investment.”
Armstrong also pointed out that this is not a managed-investment programme and that investor’s capital is placed directly into the property by the investors’ solicitors and not through Armstrong’s company. Fees are of course charged for the sourcing service and for additional services if required.
“What we can do is find properties with high yields often at below market prices and provide experienced local hands-on expertise to make the process far easier for time-poor cash-rich investors to own the more profitable HMO properties.”
Advanced investors can find full details at glennarmstrong.com/hmo-sourcing
What is Rent to Rent?
Rent to Rent is simple enough to explain as it is a very simple strategy. You simply rent a property yourself and then rent it out room by room to other tenants. Renting a property that you do not own and renting it out room by room.
Landlords love it because you give them long term security of tenancy and you look after the property and take care of the smaller maintenance jobs yourself.
You carry out a small refurb with the landlord’s financial help and approval and find tenants to live in the property who pay you rent.
Profit is the difference between the rent you pay to the owner and the rent you get paid by your tenants minus your costs which may include utilities, broadband, council tax etc.
You need to find a Landlord who is happy to rent their property to you with the knowledge that you will be subletting to other tenants. They will need to be fully insured and, if they have a mortgage, they must inform their lender of the change in status.
NEVER sublet a property without the landlords consent and NEVER sublet a property until you have all the insurance and lender’s consent in writing via the landlord. This will make sure that all the hard work you do does not go to waste and most importantly you don’t mess your tenants around.
It also one of the quickest ways you can make a passive income with little capital of your own. You take control of a property and transform it into multiple rooms that you let by the room.
We tend to rent out to professional or blue collar workers from companies we have relationships with and who use us on a regular basis. You can also rent out to LHA and other various tenant types – it all depends on your area and what you tenant type you are prepared to work with. Some are harder than others and some are more profitable than others.
Our ROI or return on investment time frame is always targeted at 3 months. In other words we like to get our money back that we put in to set the property up including deposit, furniture and any light refurb in this short period. We don’t always have to furnish a property and we also rarely pay deposits.
Beyond that, the rest is pure profit.
Are you ready to start earning a residual income?
Then book your space today on our one day intensive content rich Rent to Rent mastermind. You will get the following;
Full manual printed and presented to you on the day to take away and use as a reference with electronic updates for 12 months.
You also get the full one day course as mentioned and tons of tips on the day along with a fully scripted live role play with agents.
We also provide you with all the contracts and documents you will need with letters to agents and landlords included.
Click here for more information ….. You will be surprised at how much less you will pay than expected for such a course.
