Excellent video. I have been offered a property for 1.65M. It's pretty much half the price of properties in the road. I managed to raise 1M, l need to to raise 2.6M in total. The expected resale as flats is 4M. Would be great to see a video on this.
Interesting video 👍 Have you factored in the cost of remortgage (probably around 5k in this market in a limited company), bridging finance cost and loss of rent during the refurb/planning period? Also how were to able to borrow at below 3%? Was this deal done last year?
Great video Ahmed - exceptional detail thank-you. What was the cost of turning the Freehold into 2 Leaseholds please and how long did the planning application take to process? I attended your LendLord webinar last week which was v. helpful.
Great content. Question for you on a slightly different note, on a leasehold flat, when you send a LTA, do you include a a full list of plans etc? Do you put in a 14-day requirement? Or do you wait for them to respond (if they do) then provide them what they request to provide consent?
Question for you. Did you model out what your financials would look like if you sell one flat and then get a full repayment mortgage on the remaining flat? You would be less exposed to interest rate fluctuations. You would be a accruing long term equity, albeit in one flat, not two.
By my calculations, you would have one apartment worth 205k with a remaining mortgage of 58k (approx), I’m seeing £318 per month mortgage at 3.6% (2 year tracker). Of your rent is 950 or so, you can pay back your fir loan, then overpay to accrue equity in the remaining flat. That’s a repeatable model you have there. Any limitations in this line of thinking?
Brov where were you back in January when I paid for a bloody course 14 000????? I've just found your channel about 2 days ago as I was growing frustrated with the course I purchased! Absolutely mindblowing the amount of value you share and I feel ripped off by the other ones! Just a question are you self-taught through trial and error or been through a property course?
Did you account for bridging fee costs & also the remortgage rates to make it profitable to rent out (6%) a mortgage of 75% ltv on £410k would work out to be £1500pm, how did you get it for £750? Is the £1950 per property of for both flats? Thanks.
@@ThatAhmedKhan what was paid off by the rent.. the mortgage costs? so you got a decent mortgage rate of 2/3% and was this a BTL mortgage? thanks for the help/info.
Salam Ahmed You didn't cover how to get around the issue of no parking provision. These days some planning authorities will accept a bicycle store instead. Not about stevenage though.
Hi Ahmed, can you please provide me with the link itemising all the costs for the conversion as you mentioned in the video please! As always, thank you for providing such valuable information, your channel is excellent 🤝
mannn I've been watching your content for a couple of years now and purchased your courses last year which were mega helpful! I'd love to bounce ideas about youtube if you're ever free and more than happy to help with anything property related! :)
@@ThatAhmedKhan Thank you. I am starting a similar project as this, house conversion into flat. In terms of splitting utilities, what is best way to get around it for water & gas. Thanks
As far as I'm aware, UK banks won't issue interest-only loans unless you have a basic salary of 75k gbp (employed) In your case, are you buying the entire property upfront (e.g pay full amount cash) then add mortgage with interest-only or are you getting a mortgage first, with remortgage after say 1 year?
Many Thanks for the link Ahmed you're a star. Hope to book a call with you in a couple of weeks time for some advice. Just want to check on your 2nd message about WhatsApp plus number, sorry didn't get that-do you mean to say something Many thanks
@@ThatAhmedKhan Hello! 🙂 I'm Wazir, & i'm not quite good at speaking 'Peshawari Pashto' 😒 as I'm living in 'Peshawar Agriculture University'. so.. What region do you belong to ?
I just saw this exact property on a video by @RavinderAujla but his video was made a year before yours. What’s the deal with that? Do you work together?
@@lawrencer25 yes but it’s constant for as long as he owns the property, it’s great investment name another investment that give you 27% returns it’s very good
@@lawrencer25 Properties are not really about making life changing monthly cash flows. You generate long term wealth from the equity that increases over time which you can leverage for additional projects.
Hi Ahmed, thank you for sharing with us your experience. I found on youtube exactly this same example of photos from your apartments and I was confused if someone is not copying you. Title: I Converted This House Into 2 Flats Author: Ravinder Aujla ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-kuNQisYvLa8.html
I'm confused Ravinder Aujla posted a video a year ago that he bought and converted this exact same property ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-kuNQisYvLa8.html
@@ThatAhmedKhanare you going to share the itemised link or did you just say you would share it just to get people to comment, which would push the video views but you had no intension of sharing it?
