Thanks Andy! This building was in such a bad state when we took it on. All property developers had overlooked it for years as none of them could make it work financially. It took a lot to get it to this state with some great minds contributing to it. We're very happy with the end product :) Love your channel too - some great views!

Thanks Ben!

Hi Richard, thanks for your comment and kind words! You're definitely right, and the government has recognised that by shaking up the planning system and widening the scope of what types of conversions can fall under permitted development / prior approval instead of full planning permission. This one actually went through full planning permission as the previous use was actually D1 Place of Worship believe it or not.

Hi Kevin, thanks for watching, and thanks for your question! Because of our proximity to the university and the spec we fitted the building out to, we've fortunately done well letting the rooms out. Online courses and video chats are definitely a risk to all student accommodation, but nothing beats in-person lectures, especially as it takes a lot more discipline to study through online learning. A study by the Open University (online university courses - link below) found that distance institutions have less than one-quarter of the graduation rates of conventional institutions. Because of this we're not overly concerned for the longer term, but that's definitely not to say we're going to ignore it! OU Research Paper: oro.open.ac.uk/39195/

Hi Sergio, thanks for watching and for your comment. It will depend on which country you're in - by the looks of it, you're in Canada? It will differ quire a lot across countries, but on the whole the most important thing is working with the right professionals to make sure the job is done correctly - that can be: - Architect - to draw up a proposal for the building, to work with the local planning authority to get an acceptable design approved and to oversee the conversion works - Broker - to help fund the property. Development finance for the build and longer term mortgages if you're planning on retaining the building for rental income. - Builder - VERY important to work with reliable builders who have done similar projects. They will work with the architect to build the approved plans. - Marketing - To sell or rent the units once they're finished - this process starts as soon as you find the building! - Accountant - To make sure you're optimising the project so you don't pay too much tax - Bank, Private Investors, Energy companies, Designers, Solicitors, Letting Agents, Estate Agents, Project Managers, Surveyors.... There's a lot to learn! If you let me know which country you're in I can hopefully point you in the right direction for appropriate resources - if it's the UK - we offer 1 on 1 coaching through the Prosperity Network and there are tons of really useful videos and guides also Here's a slide from a presentation we recently did that lists out some of the professionals we work with: www.propertunities.co/wp-content/uploads/2021/02/Who-we-work-with-Our-Team-Propertunities.jpg