Award-finalist Craig talks about his 10-bed HMO, £120k profit from a flip and raising £££ from Facebook

Tej Talks: Being Better

English - December 12, 2018 06:27 - 49 minutes - 90.9 MB - ★★★★★ - 3 ratings
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Previous Episode: A portfolio of 150 properties, 55 purchased in 2018 alone and a Rent Roll of £800k a year, Adam is master of the JV

Next Episode: [MY JOURNEY] 8 lessons from my first property purchase gone wrong and the future of #TejTalks

Craig is a proper Yorkshire-man, his background as a tradesman really comes in useful when renovating properties and keeping an eye on the build progress. It's hard keeping him off-site though, he loves being hands-on with his projects.

He left school with no qualifications and started working as a kitchen fitter. He bought his first house at age 19 with no money, borrowing from family, the refurb took 2 years and it turned out to give him £65,000 in profit!

Him and and business partner Martyn have 39 Rooms between them in 8 HMOs. They are financially free, just like that. Easy right? Nope, plenty of challenges on the way for these two!

Here's some top level figures for their 10 bed Commercial Conversion HMO in Yorkshire:

PP: £150,000

Cost of work: £142,000

Post-works Valuation: £400,000

Profit if sold: £112,000

Net Cash flow per month: £2,125

https://www.tej-talks.com/property

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