Only way to do BRR Property Investment CYCLE

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Күн бұрын

Пікірлер: 38

@alimonfared 3 ай бұрын

If you are a investor with over 100k cash and looking to build your portfolio and recycle your cash👇armempire.co.uk/contact/

@thetokenmaori 3 ай бұрын

good video but the audio is a bit meh

@alimonfared 3 ай бұрын

Hi thetokenmaori thank you for you comment and feedback, yes the audio unfortunately didn’t come out how I expected it to while editing the video I realised, hopefully the information in the video made up for it and I will definitely take that on board and improve on the next upload. Thanks for your feedback 👊👍

@arm5472 3 ай бұрын

So good. Full of details as usual. Keep up the good work.

@alimonfared 3 ай бұрын

Hi, thank you for your lovely comment💪 and I am glad you found the number break down informative 👍

@jimmyregardlolpe1066 2 ай бұрын

Love the vid and content buddy. Could you please make a vid on how to find brr properties?

@alimonfared 2 ай бұрын

Thank you very much for your kind comment! Definitely will drop a in-depth video of how I source the properties and every single property I sourced and done int he past also and how I got them. stay tuned and definitely on the to do later down the lane. 💪👍 thanks for encouragement.

@jimmyregardlolpe1066 2 ай бұрын

@@alimonfared No problem. Also thank you, that would be apsolutly amazing and so helpful for those trying to get started, like me. ❤️😊

@fasflip4cash 2 ай бұрын

Great explanation and detail, thank you for sharing and explaining. Quick query, the management fee of 10% that includes VAT comes in at £62. If you remove 20% from that you get £51.67 what is this 10% of? The auction fee was a high cost but without it you don't have a deal. Wondering if you thought about co-sourcing or direct to vendor activity to secure your initial property as auction is not the only option? For example, I'm sure myself and other good deal-sourcers could find you a good BMV property for half that fee with a motivated seller which could help improve the figure as you would have 18k left in the deal not 21k and every little helps improve the ROI for investors.

@vctr196 3 ай бұрын

Great stuff, I think I was your 12th subscriber, happy to see that number increasing, well deserved! Could you please say how big that property was? 800 square feet?

@alimonfared 3 ай бұрын

Hi Vctr196 thank you for your comment and support and it means a lot to me that you have been part of the community and believing in me with only 11 subs! Thank you thank thank you 👍and thanks for the motivational words. Absolutely mate the full square feet of the property was 913 sqf according to the floor plan. Thanks again for your long standing support amd the sub means a-lot to me. ❤

@foodkickstravel 2 ай бұрын

Very very impressive 🙌🏼👍🏼

@alimonfared 2 ай бұрын

@@foodkickstravel thank you very much foodkickstravel for your kind feedback. 🙏👍

@nastarananvari5228 3 ай бұрын

Great video. Very informative 👏

@alimonfared 3 ай бұрын

Thank you, Glad you liked it

@evorevenge2460 3 ай бұрын

Great video! Keep it up

@alimonfared 3 ай бұрын

Hi evorevenge2460 thank you very much for your kind words mate 💪. 🙌

@chrismackey4238 3 ай бұрын

Great work Ali 👍

@alimonfared 3 ай бұрын

@@chrismackey4238 Hi Chrismackey! I hope you are doing well. Thank you for your kind words and support 👍👍

@domever7899 2 ай бұрын

I thought flips cost a little more as you need a slightly higher quality finish? At least this is what I have heard!

@alimonfared 2 ай бұрын

Hi Domever, great point, it’s a mix that can go either way. When doing a smaller property like purchase 60k end value 100k better to spend less on the flip as you worn change many things to nicer things like say a nicer boiler with warranty or maybe even need to insulate it. But as a rental you keep it so you want it to be more future proofed but there is a limit. For example you can spend 24k for a refurb to keep or 15k for a quick flip. Bro makes more sense in the mid rage of the market where properties are in good postcodes so you can say buy it for 180k spend only 20k for a quick flip refurb and then sell for like 230 because it’s a good postcode they just want a clean rude property the end buyer can get a mortgage Ina me out there own stamp on it. When doing a very top end flip that’s when you spend more but there is always a limit as it’s at the end of the day your preference and that is different to every individual Pearson. Hope that kinda answers that but yes it’s a mix.

@domever7899 2 ай бұрын

Can you explain what a modern auction is? How does it differ from a normal one?

@alimonfared 2 ай бұрын

@@domever7899 thank you for you comment mate, modern method of auction is similar to standard auction. Now standard auction usually when you win the bid or accept a offer whether pre auction or when the hammer drops you usually pay 10% of the purchase of the property and exchange which means your liable to complete or loose deposit (where as modernmeathod you only pay what is called a reservation fee which is a set figure minimum of 6,600 or a percentage of the purchase usually a lot less than normal auction, with normal auction you pay in addition all the fees associated with it, sometimes there are heavy fees hidden is what so called a legal pack, now moderneathod of auction usually never has hidden fees like standard auction only maybe a one off (paysolicitor fee) or whatever. Now on a standard auction you usually only have 28 days or even sometimes 7 days to complete. Where as standard auction you have up to 56 day and you start the purchase with solicitors as usual and they have the legal pack and you already know if no about the property. With modern meathod everything about the property is there unlike normal auction but that’s why you pay a heavy fee of the 6.6k which is basicly only the auctioneers and agents commission. Hope that explains maybe it’s worth me doing a video on it?

@domever7899 2 ай бұрын

Thanks for the reply. I think I've got it! Although, a video would actually help 😊

@BB-bt9vj 3 ай бұрын

Good content , good end finish. Numbers look good officially, but on that £24 k you spend ,do you include your teams salary's for the two months they worked,and yours also. Depends on the size of your building team, that wage bill still bites a good chunk on tgat 24k. I was just wondering because it looks quite fascinating how you can achieve that end product with a limited amount of cash. Impresive , good work lad

@alimonfared 3 ай бұрын

@@BB-bt9vj hi mate thank you for your lovely comment and kind words and I am glad you found it fascinating, yes that 24k spent included everything my teams labour and material, nothing missed out, my build team consists of 3 main people and I add cheap day rate labour if need be if I need more staff, the way the costs work is say in that project the full material costs come to about 13k, then that leaves about 11k for labour which I pay my main builder about 5-7k a month and as it takes my team only a month of actual day rates it a great salary, I also have my other builder who is almost just as experienced who is on a day rate of about 120£ which in the month comes to about 3k of wages, and another labour that comes to about 1k-1.7k as a wage per month, so yes a tight ship as we have been told before but it works out great as we don’t outsource and take care of everything ourselves. We are here for the investor and to deliver so we can have projects at a role back to back and keep us going month after month which has seemed to work very well so my team and I are every happy and see the long term growth we can have, my main builder korab has also got a small portfolio of HMOs delivering great income so to be honest it’s not really about the money for my team and as mentioned more the vision of what we stand to create. Thanks for your comment 🙏👊

@BB-bt9vj 3 ай бұрын

@alimonfared thanks for the reply and the transparency. Im sure you've got a bright future in front of you. Honestly, integrity will take you a long way. Keep up the good work . God bless. 👍

@alimonfared 2 ай бұрын

God bless you too my friend😊🙌 will keep the honesty and interacts going and hope I can be of help and serve other best I can 🫡. Thank you 🙏

@sanakhwaja6177 Ай бұрын

@@alimonfaredwhich company is this do the work in london aswell details please.