Comparing Flips, BRRR And Commercial Conversions
In this episode, Shaz is explaining why commercial conversions are his favourite strategy and to help explain why he goes through examples, including the numbers, comparing a property flip, a buy, refurbish, refinance and renting deal along with a commercial conversion Sharing the property strategy examples demonstrates clearly how the numbers work out and, as Shaz explains, shows why commercial conversion is a strategy you should be using
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Show Notes
In this episode, Shaz is explaining why commercial conversions are his favourite strategy and to help explain why he goes through examples, including the numbers, comparing a property flip, a buy, refurbish, refinance and renting deal along with a commercial conversion
Sharing the property strategy examples demonstrates clearly how the numbers work out and, as Shaz explains, shows why commercial conversion is a strategy you should be using
KEY TAKEAWAYS
- Funds from a bridging loan can then become a mortgage if you are keeping the property
- You only pay the fees and costs once
- There is tax to pay if you are going to flip the property and doing it through a limited company can be a better option
- Your money in the deal is far less than someone buying a refurbished property
- Some lenders won't refinance until you’ve had the property for 6 months
- In just under two years you can get all your money back
- If you have the time and are prepared to put in the effort you can save on the refurbishment costs
- You have cash flow and capital appreciation and as the deals get bigger the margins also get bigger
- Think about what you earn in a job and what doing commercial conversions can earn for you
- You can make a lot of profit and create good housing for people to rent
- You are contributing positively to the local economy
BEST MOMENTS
‘There is a good product available from Shawbrook that means you can move a bridging loan into a mortgage’
‘What’s stopping you from doing 2 or 3 of these every single year?’
VALUABLE RESOURCES
[email protected]
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on: