#241Our WhatsApp  groupProperty Engine discounts (Code: EXPAT)Starter: 30 day trialPro: 30 day trial/3 mths 1/2 price, Ultimate: 1/2 price 3 monthsGoalsettingLeave a review37 Question Due Diligence Checklist / Auction GuideThis is a cracking episode you won't want to miss.It features a case study of how Saif Rehan is making a potential gross profit of around 190K by:Buying a portfolio of 6 houses from a retiring landlordTrading 4 at auctionReconfiguring the 5thDeveloping the 6th into a 6 Bed HMO leased to a Social Provider which he can now either hold or sell.We discuss:·       Need for supplementary income to maintain and grow property portfolios·       Importance of cash flow models·       Multiple sources of income·       Auction Pricing Strategy·       Experience of Together Finance for bridging·       Experiences with Serco and typical disputes over property condition·       Purchase of a six-house portfolio from a retiring landlor·       Tag-team strategy for maximizing portfolio deal value·       Disposal & Monetization of portfolio·       Critical importance of cash flow management·       Tension between speed, price, and certainty in property transactionSaif Rehan on IGSix-Property Portfolio: The NumbersOverall Purchase:Price: £580,000Done up  value: £900,000Properties 1-4: Auction Trades Property 1:PP 62KSold: 92KProfit:  30KProperties 2 & 3PP: 80K eachSold: 110K eachProfit: 60KProperty 4PP: 80KSold: 97KProfit: 17KTOTAL profit from four auction trades: About £107,000Property 5: Flip (Reconfigured from Two-Bed to Three-Bed)PP: 80KSold for 167K Profit 32KProperty 6: Converted to Six-Bed HMO (Social Housing)Purchase cost: Bought for 107KRefurb cost: 100KProfit: 53KKeywordsUK property podcast, Expat property investing, UK property investment strategies, Buy to let UK, Auction property UK, Investing in UK HMOs, Social housing investment UK, Flipping UK property, Property portfolio management UK, Cash flow in UK property, Property investing for expats, UK property capital growth, Oldham property market, Property trading vs holding UK, Bridging finance UK property, Property deals UK podcast, Sourcing UK property deals, Landlord exit strategy UK, Net profit property investing UK, Accountancy for property investors UK, Portfolio efficiency property UK, Social housing providers UK, Property refurb UK podcast, Property development UK podcast, Speed vs price in property deals, Edward Mellor auctions UK, Together Finance UK, HMO conversion UK

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