One Bed Apartment Made This Investor £30,000 PROFIT!!

Рет қаралды 6,925

Ай бұрын

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Successful property deals can come in all shapes and sizes...
In today's episode of Property Investing With Abi, we visit Touchstone Education student turned mentor, Beth Bird, as she shows us around her latest Buy, Refurbish, Refinance project in Doncaster!
£30,000+ profit generated with the refurb alone, plus an additional £695 PCM rent. Let's see how Beth found this awesome auction project...
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We even call the estate agents up on camera, to enquire about a particular property deal we find...
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Пікірлер: 11

@wahahaha2017 28 күн бұрын

160k refurb cost is amazing. I think same level of refurb in london area could cost you over 500k.

@mazboengineer 29 күн бұрын

Amazing job Beth 👏🏼 Love the refub and the numbers 🎉🏠💰❤️

@vimbaigaraba6972 Ай бұрын

Congratulations Beth🎉This is amazing ❤

@derekmain9914 12 күн бұрын

Hope these people are pleased with themselves , people like this bragging how much they are making or made knock me sick there’s families and people living in shitholes of hotels because of these and shows like homes under the hammer , she most probably justifies this as providing a service

@nomadinthemaking Ай бұрын

So £695 a month minus 30 percent for running costs that’s £490 a month 75 percent interest only mortgage at 6 percent £393.75. So £95ish a month but she’d pull out £3500

@Answersonapostcard Ай бұрын

I thought management costs are 10%? Most lettings agents are jokers who just abuse decent tenants. Personally I would cut out the middleman and handle the let myself.

@nomadinthemaking 29 күн бұрын

@@Answersonapostcard 10% plus vat 10% maintenance. Then 8% for insurance voids acocontancy fees etc.

@nomadinthemaking 29 күн бұрын

@@Answersonapostcard nah you need a letting agent. The amount of legislation and if you gotta evict a Tennant they are looking for a reason to reject the eviction notice. You even have to take a picture of you putting the notice through the letter box.

@simonroyle2806 28 күн бұрын

@@Answersonapostcard I work with someone who is going through hell because their Tenant hasn't paid for a year. They rented to a "Friend" whose business failed, these people are being helped by the Council to stay by advising them to keep reporting defects which each time resets the clock for eviction.

@nomadinthemaking 28 күн бұрын

@@baracuda40 what about maintenance and your accountants fee for the annual return assuming it’s in an spv?