£74k House Converted to £215k Hotel in Swansea

[@SamuelLeeds]

What is more impressive: buying the property for only £74k, reconfiguring and refurbishing in 12 weeks, or getting an updated valuation at £215k?

[@MrMeharShorts]

Love you, Samuel. Because of you, I managed to build my property portfolio to over half a million. Thank you so much!❤

[@SamuelLeeds]

Wow that’s amazing well done. Hope to see you soon and celebrate

[@MrMeharShorts]

@@SamuelLeeds I met with you once Sam looking forward to see you again I started from your free book

[@jackcottholewood1822]

Looking good sam, the gym is doing you justice my boy!

[@gitakim5281]

Well done, Gil,great job🎉👌💯

[@MaximZHR]

Great property for the price .Hope to join one of the events this November

[@narellecowanproperty]

Gill legend. Thank you 🙌

[@Psych-ewiz]

You look better than ever. Thank you

[@adrianaxelsson9065]

Ozempic, too lazy to actually putin in the work smh...

[@maxlife3690]

South Wales seems the spot let’s go crash course this weekend

[@faizalpatel6050]

Great video Sam. Please advise who the builder was ?

[@movingaway]

Nice deal he got for 74.5k.

[@nikkion2140]

Can someone help me out pls. What is rental yield % for a typical BTL these days? And rental yield for service accommodation pls? Thanks a million. God Bless.

[@DJOverpar]

Avg yield on a BTL I think is circa 6-8%

[@CharlieMcconnell-o4z]

Is this a C1 use class?

[@IsabelParrHD]

Naaaa I watch you film this I live right opposite this house hahahaha

[@SamuelLeeds]

Haha no way

[@mitchellcrooks1144]

Yh would definitely invest where the money is and we are ment to chase the market not wait for it

[@AnOctopusProduction]

How can you refinance if your a cash buyer

[@shauncairns7670]

He might've used a bridging loan or investor to pay the seller then switch to a BTL mortgage

[@mitchmonkey9063]

Get the mortgage after you purchase the house

[@gil_and_bricks]

​@shauncairns7670 6 was just a cash purchase, and I've already refinanced and purchased the next one, you can do this regardless if it's a bridge or was purchased on a mortgage, but if you purchased it on a mortgage to begin with, you would take out a second mortgage which Replaces the first. It will be more expensive though, because the new value will be higher

[@AnOctopusProduction]

@@gil_and_bricks if you bought it cash, how and why would you then get another mortgage. Think I’m missing something

[@gil_and_bricks]

@@AnOctopusProduction Because this is the BRRR strategy. Buy, Refurbish, Rent and then Refinance to buy the next property without spending anymore money

[@stolas2]

This is the reason why there is a housing crisis.

[@FactsNotFeelings4U]

How so?

[@ToxCcc]

Can't really blame 1 person's choice of making better an old house to maximise use for an area with high demand for temporary housing. When the government could put policies in place to maximise building more housing or relax planning permission so more higher buildings could be built so we're not in a housing crisis.

[@gil_and_bricks]

So im to blame for a housing crisis???😊 it's got nothing to do with the Torie government not building new houses since they came into power 😅

[@ynysmones3816]

You are spot on. These people are parasites.

[@GenYHikikomori]

Nope - housing crisis is because gov't stopped building council houses in the 1980's and Uk's population has grown significantly since.

[@ms_christinejones]

After losing my job and turning 41 lately, I'm at a turning point in my life. What options do I have for making big investments now that I have 425k saved for an early retirement at age 50, 10k in an HSA, and a property that might provide an extra 200K?

[@JacklynHerrera-wj7zm]

It makes sense to consider a financial advisor at this stage, but delaying retirement might be a smarter choice

[@ms_christinejones]

Not going back to work. I'm unsure whether to consolidate all my investment accounts into one. If I do, how should I handle it and what should I be aware of? I also plan to sell my property, which could bring in an extra 200K over time. Should I combine everything into one account or spread it out across different investments?

[@HelenChaseKiddyEnamaine]

That’s impressive! My portfolio has been struggling. Who is your advisor?

[@ms_christinejones]

I found her info and sent an email. Thanks! Hoping for a response soon.

[@bartoni79]

Probably not a question for KZbin…I don’t think you’re going to get a good answer here. Get a financial advisor (obviously) or if you want another option just go all out on red.