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 conversionSharing 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 usingKEY 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 [email protected] THE HOSTShaz 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:
  Facebook

  LinkedIn

  Instagram

  YouTube.

Ver todos los episodios