How I Built 6 Houses From Scratch | A-Z Process

[@morganhunt4964]

1,350,000 (Valuation) - 330,000 (Land) - 500,000 (Building Costs) = 520,000 (Total profit) Samuel takes 2/3 = approx. 350,000 really not that tricky

[@connorsturgess4092]

Why does his joint venture partner claim at 9:45 minutes into the video that he is going to make £500,000 profit then? Very confusing...

[@SamuelLeeds]

@@connorsturgess4092 watch the first full video abs it will make sense kzbin.info/www/bejne/oKHJd6mbZrefaJI

[@connorsturgess4092]

@@SamuelLeeds thank you, it did 😃

[@kehindeemiabata4032]

What about all the other costs , such as architects fees, land surveyor etc?

[@TheAuthorsAssistant]

@@kehindeemiabata4032 True. solicitor fees, architects, surveyors, planning costs etc...

[@ositaeze5237]

Samuel, this is incredibly well done! I am very proud of your achievements, stride and the fact that you are training me through this journey. You remain a massive inspiration and I shall get there # "whatever it takes". Please post more videos like this, I am with you. God bless you brother.

[@tobysadventuresuk9945]

It amazes me how many people have negative things to say about entrepreneurs and their ideas. A great job, great profit and a great video. Well done.

[@RedRooster-xj4uk]

Samuel, I write this with great love, You're a great entrepreneur, maybe room to improve on your communication of complex deals. Please clarify. There is a difference between how you (sorry to say) badly explain it in this video and what I suspect is what you intended to explain in the video. You say: You put up £330,000 land purchase + £500,000 Build costs + £28,000 Foundation Pilings. Total Cost £858,000. GDV = £1,350,000 = £225,000 per property. You explain it in the video as YOU own 4 and the co developer owns 2. Selling 4 X £225,000 = £900,000 Your Gross profit is £42,000 - = 4.9 % over a year. You say in the Video your co developed who put no money in, (what exactly did he bring? Finding the land and knowing the builders or was there more). That gives him two £225,000 houses unencumbered - yet you say HE is re-financing them which makes no sense or do you mean he is taking out mortgages on them and using the rental to fund the mortgage? Either way, he seems to come out far better than you. That is the impression - correct or not, from your video. Did you mean to say: The co- developer is getting the two houses LESS your build costs. That would be £858,000 / 6 = £143,000 cost per house. The co developer must pay you £286,000 for his two properties valued at £450,000. If so, it explains how and where you make your profit. 4 X £200,000 (selling BMV) = £800,000 = 2 X £143,000 (build costs) = £286,000 = Total £1,186,000, a return of £228,000 or 21% and why he is mortgaging his two properties and why the joint venture is worthwhile - BUT IS NOT made clear in the video. It would mean the co-developer gets £164,000 for finding the land, knowing the builders and approaching you - which is bloody fantastic. Please re listen to your video and clarify as its leading to a LOT of Confusion and could do a LOT of harm to your reputation.

[@SamuelLeeds]

I’ve explained in quite a few comments. I’m taking all my initial money back PLUS about 2/3rds of the total profit.

[@RedRooster-xj4uk]

@@SamuelLeeds I agree - I'm only offering feedback as to how your explanation caused confusion - Am I right in the way I explained in in the lower part?

[@egomaniac9147]

Finally. Learning about Real Estate. Thanks to this guy. Wish I was Positive Like you Bro. So Basically You Just need a Big amount of Cash to Invest.

[@DAZZER435]

Keep at it Samuel, can't wait for the castle to complete.

[@DMC888]

Don’t be cruel

[@Pete_Sam]

Great video. Love seeing people like Samuel make money and passionate about what they do. Making money is a by-product of PASSION.

[@glokjdfngkjsdnf1104]

3:18 you say you have over 1 million of your own money into the property but say the land was 330k and the cost 500k that’s 830k - less than a million 3:29 You also say you make over one million profit but the numbers say only 520k I think keeping the numbers clear and consistent is best for seeming genuine when there are haters Edit:didn’t mean to come across as critical sorry :)

[@SamuelLeeds]

1. I have over £1m in there now because of the uplift 2. I never said at 3:29 that this deal has made me over £1m profit. I said I had over £1m cash in the project, which is true. Maybe the people that find it hard to trust me are the ones that need educating the most ?

[@glokjdfngkjsdnf1104]

@@SamuelLeeds you say ‘I have over a million pounds profit, cash’ I love your content but keeping your numbers straight makes it seem more genuine I have no doubts its made you plenty of money and love hearing about your content Didn’t mean to be critical, more as feedback :)

[@DAve-gl5es]

Please wear your mask properly when you are in somebody else's home, especially if you are documenting it on video. You might have built it and own it but that is their home, and you are not part of their household or support bubble. You could be putting people at risk.

[@MrsInformation1]

Nob

[@kashjavid]

Absolutely love the energy and detailed information in this! Well done Samuel 👏

[@odysseasv7138]

Amazing to see new-built HOUSES get build and not only flats! The only reason I'm thinking to use the new upcoming scheme of government as a first home buyer.. for house only.

[@pirongia5168]

God bless you Samuel, for sharing your knowledge with anyone who wants to apply it themselves.

[@alexpote5936]

This is amazing structure way forward to make massive profit, thanks for the sharing this vedio 🙏

[@anildhakal5938]

Samuel Leeds casually shouting in the tenants house 😂

[@masentlehadz8369]

Wow we are so inspired thanks Sam and team...love from South Africa.

[@christopherdean5531]

Very inspiring video Samuel. I've just retired from the Fire Service and I'm thinking of joint venturing (using my pension) with a mate of mine to build new properties to sell. Is it better to set up a Ltd Company or Limited Liability Partnership? Bearing in mind, if the first build goes well, then we will go again.

[@howtorelax6905]

oh god i do more than that lol. im very passionate though so i dont mind. but not everyone appreciates like you samuel. so well done for that xxx. so yeah trevor is very smart lol. the laws in my country are more complex than there. but i dont complain it only gives you knowledge and strength and stamina which you so much need lol in this industry. also appreciate your onesty very rare in this industry too plus ur not greedy again rare. all these things is why i love watching your videos just hearing your mindset is very already rewarding lol. people should treat your videos like gold. underrated channel still

[@katekolamin]

I think Samuel and Trevor agrees on a profit share. So Samuel holds all the properties but takes 2/3 of the total profit. That explaines 2 refinanced houses. At the end Samuel has 6 houses. 138k cost for one house and each house has 225k of value. 87k profit .4 x 87k = 348k and Trevor has 2 x 87 = 174k. As they agreed before If not ; Samuel holds 4 houses total value of 900k with 830k investment. And Trevor holds 2 houses total value of 520k with hardwork and motivation.

[@santiagojaviergarciamanso491]

2:01 modern he says ... pvc, cheap bricks, no solar panels, I would like to know what the energy efficiency is. It is just another crap british development, pretty much the same as the 30 years old neighbouring buildings. I feel sorry for people signing outrageous mortages thanks to central planning. Anyway he is still making places for people to live, I admire his ambition though

[@shadowcrux0]

Samuel your numbers don't add up!! The GDV was £1.35m and you own 4/6 of the houses, so you own 0.66 x £1.35m which is £900k. Your costs were £330k (land) + £500k (building) + £28k (foundations) = £858k So best case all 4 of the houses sell at your valuation, you make £42k profit. At the end you said you had offers of £200k and you might just take those offers.... well you need £215k just to BREAK EVEN Good luck trying to sell them at the higher price because like you said new builds devalue after being built so if you can't get £215k each now then you'll be waiting years.... You have been deliberately misleading in this video, shame on you

[@SamuelLeeds]

No because you’re not including me getting my money back from the additional two houses. I’m making profit of 4 houses, but getting all of my initial money back. So I will make over £200k profit myself . Hope that helps. I suggest you think carefully before saying “shame on you” when all I’ve done is made a great profit and freely shared the journey with interested parties like yourself .

[@shadowcrux0]

@@SamuelLeeds But those houses belong to Trevor, you own 4 of the 6. I suggest you think carefully before you misinform the public for your own financial gain.... 11:54 you say you can recoup the costs AND still get profit from 4 of the houses. But as I showed above, you'd be lucky to even cover your costs and breakeven... there is NO PROFIT (You seemed to have accounted for selling the house twice which obviously you can only do once)

[@shadowcrux0]

@Tyrone Saxton I made simple calculations based off the numbers that Samuel gave in the video I haven't changed the story at all I'm not a hater, I looked at the facts and pointed out that it will not be nearly as profitable as he claims in the video (if profitable at all)

[@mustakimbuilds]

@@shadowcrux0 The way they've structured the deal includes first reclaiming back every penny spent before deciding a profit split. The profit split can work in different ways but here is one example: £1.35 GDV = Avg £225,000 per house. £830,000 + £28000 invested. 2 Houses remortgaged, 4 houses for sale/sold. 2 houses remortgaged = 75/100 x £225,000 = £168,750. 2 Houses Remortgaged at Total = £337,500. 4 houses @ £900,000. Samuel said he is first going to reclaim back everything he's invested which is £858,000. So That is £1237500 - £858,000 = £379500. He has chosen to take 2/3 of the £379500 which equals £253,000 which is his PRE TAX PROFIT minus FEES on the deal.

[@DMC888]

No selling fees on £1.35m worth of property? Is this your first Rodeo? That’s around £20-£30k plus holding costs.

[@saifulhaque5135]

He is earning money and wants to help other people to make the same. My brain 🧠 is processing!!

[@victorikenna2428]

Thanks for always sharing free "life changing' knowledge

[@lincolnjeanmarie]

This is so inspirational. Great stuff!

[@mohammedalimiah5328]

Great way to show your skill. Definitely worth watching your video.

[@victorikenna2428]

Awesome!!! I am your number one fan anytime any day.

[@paulrosevear3060]

Less than 4% rental yield, no wonder you want to sell them.

[@SamuelLeeds]

I’m more focussed on the massive profits on capital than the rents. As said in the video, the rents don’t excite me one bit

[@unflappedmishmish4642]

@@SamuelLeeds Samuel, big capital gains tax to pay, unless it’s done through a limited company. Which fair enough. Also the nature of the company is important, if it’s nature is to be a property development company, then a lot of capital expenses are deductible. If not, then your slightly screwed from a tax POV.

[@krisb-travel]

@@unflappedmishmish4642 im pretty sure he's figured that part out by himself lol.

[@unflappedmishmish4642]

@@krisb-travel kris I’m sure he does. But there is nothing wrong with me making a comment on his post.

[@krisb-travel]

@@unflappedmishmish4642 you're right!

[@mrericpritchard]

Samuel, Your video was very inspirational. 👍🏾

[@mattboyd1355]

I would love for you to come to Australia and do a Financial Freedom challenge mate!

[@thepap000]

How cheap could you build a house excluding land costs? Super budget kinda tiny home style

[@margaretkennedy1570]

Well done Samuel. You are always an inspiration. Keep changing lives.

[@jonmould2946]

How much tax do you have to pay?

[@chris0000924]

He gave you value figures do the math

[@odysseasv7138]

If net profit before tax is indeed £500k then total tax to be paid will be around £100-135k. But it depends, is it personal name? is it LTD? how much is job salary? high rate or low rate? everything plays role and there are ways to pay the least possible, but £100-135k as a guideline for ya.

[@callum4794]

how have you got £1m in the deal when total cost was only £830,000?

[@SamuelLeeds]

Because the value has increased now

[@LizDeb]

Lovely new builds - great for first time buyers.

[@rafal9405]

I love videos like this. Good job Samuel. Btw, how is your Dad? Does he still enjoy Brazil?

[@jonmould2946]

So you made around 215k? If you sell 4 at 200k

[@RaisingSemira]

This property business is just something and your videos are very educational. Last week I saw a detached 2 bed going for £70K and as a first time buyer 10% deposit would just be £7K absolutely amazing if I could find a loan. I would rent that out and just pay back the £7K loan.

[@davidalexhughes]

Unfortunately you can’t use proceeds of a loan for deposit.

[@adizataminu1601]

How long did it take to build all 6 houses

[@mohammedzulk8485]

No info on who was the Architect? Builders? How did you control the builders costs? Planning permission nightmare?

[@truth952]

Amazing Job Sam, next time tell Trevor to make fences 6ft so gardens have privacy well worth the extra few hundred quid because some people will be put off by lack of privacy.

[@mustakimbuilds]

May affect natural light for the houses at the back possibly if fences higher. Unsure.

[@truth952]

@@mustakimbuilds it wouldn’t mate

[@patriciakilty]

I want deals like this!!! 👏🏻👏🏻👏🏻

[@mrstewart7335]

Hey Samuel, when you say you have £1m of your own money in the deal how did you calculate that? PP £330k + Build cost £500k where is the other £270k?

[@SamuelLeeds]

In uplift

[@mrstewart7335]

@@SamuelLeeds makes sense now

[@slavmarin7827]

thank you

[@rebeccaoconnell303]

love this! thankyou for the inspiration!!

[@Muzaffar-Ali4823]

This is very inspirational Samuel. Thanks.

[@pdhr0che]

Love the videos but you say they are all rented but then saying your selling them new, not sure which one it is? Also if you've got more than £1million into the houses then don't understand how the numbers work

[@ChosenY2Kexcel]

Wow! Thank you Samuel, this is a great motivation. I can do it. 🙏🏼💎💕

[@QURXINTAGURYAHA]

You are an amazing guy i wish you all the best i am motivated as i do Home improvement videos and that is my plan for the future

[@Tinutalks24]

Just a quick question I wanted to ask Samuel, When you decide to sell the property for example let’s say if you wanted to sell it for £200,000-how much of that would you personally get? Immediately

[@SimplyTrishx]

I really enjoyed this. I learnt a lot.

[@charged3540]

Hey Samuel, Love the vids, please reply, which construction company did you use? 500 grand is cheap for that much

[@user-khe85it]

Which builders built the houses?

[@bM73]

Hello Mr Leeds I have te skill and the knowledge but not the money and is it possible to get funded by you please thank you God bless you have a great day 🙏🏿

[@rob10000000000able]

The company who built this was MTC PROPERTIES Ltd owned by Trevor, their company accounts don't tie up with the figured samuel quotes - something fishy here.

[@SamuelLeeds]

Company Accounts are typically 18 months behind. Relax.

[@Jimmy-lb1yc]

hahaha the project has only just finished. Doesn't instantly show on Companies House

[@kashjavid]

​@@SamuelLeeds the guy who commented above is clearly a millionaire. You can tell by all the zeros in his username 😂😂

[@Cityj0hn]

I love the positivity in this. Makes me think I could do it too since I have a degree in construction but decided to start studying physics too and rack up some serious debt for whatever reason I though was good at the time...

[@SamuelLeeds]

It’s not too late to learn. I wouldn’t bother doing it at uni though. I never did

[@moelatmani4898]

How many metre square this land ?

[@SuperMastaba]

Well done Sam and Travor!!!

[@winstonsimpson8223]

Why would anyone have said anything about coronavirus when you mentioned this last year?

[@TheSchulz21]

Was the planning approved before the JV partner made his approach?

[@michaelhardey5938]

Awesome 👌

[@SofiasChristmas]

Well done!

[@safyaansuleman9652]

Good one Samuel you went there and did it and then showed it to the world that you actully did complete it no one can deny that respect I am seeing you on the 25th of this month and I am looking forward to it

[@SamuelLeeds]

Thanks Safyaan. Can’t wait to meet you

[@anastasiah.3804]

@@SamuelLeeds I was interested in coming too, but I think we are all locked down?

[@percymadiba-k3x]

Very inspiring Thanks Samuel. Please do more videos like this one.

[@AdamLuke]

Sam is the BOSS. Also, big up Lincoln!

[@pamsimpson3964]

Well done Samuel! Love the videos and seeing your business grow. Would love to see more videos like this😊

[@jamietaylor7748]

I am local Leeds too. I have 100k from my last couple of grows. You keen to do a JV?

[@shahannaseer5516]

way is Samuel going houses and not knowing how much is own rent is ?

[@fabiolourenco08]

Great vid🙌🏽do more videos like this. How long did the whole development take?

[@The_Unintelligent_Speculator]

Nice mexicano oak doors 👌. Just had my next rental fitted out with them. Hopefully I can move into new build developments in the near future.

[@ExoticDoll]

Nice

[@drm_jm1999]

So he sell 4 houses for undermarket value at 200k but he spent. 830k so he loses 30k 🤣🤣

[@SamuelLeeds]

No because I still get money out of the other two. It’s a very healthy deal and you should rewatch the video

[@Jimmy-lb1yc]

Well that's a stupid comment

[@Jimmy-lb1yc]

@@Mark-hr5gm It adds up absolutely fine. The whole deal for 6 houses was £830,000 and not 4 houses. £830,000 spent and valued at £1,350,000. Trevor gets the profits from 2 but the build cost obviously comes out of that and back to Samuel as he financed the deal.

[@ponkier7139]

Trevor was on rich house poor house

[@kewongcohen9845]

What size is the land and where ??

[@jonhandle]

How’d that pass planning

[@vixxiv515]

thanks for all your Videos Samuel, what is the best way to contact you? do you have a business email? thanks.

[@stansilviu7887]

You are amazing 👀

[@nicolenorman4686]

Lovely houses . Where is the parking for the back houses at the front. Your build costs must have come in really low how did you and your partner negotiate these costs? It seems like you they must have come in around less than 100 pounds per square foot!

[@alha516]

Amazing Samuel, you have so much energy and positivity which is much needed in these times - thankyou.

[@blackminnie]

Capital gains tax?

[@Blumelisaful]

Samuel, I'm wondering if my and my sons can have some advice from you? I'm going to look for your email. My son attended one of your events.

[@jarlisonsantossouza9791]

I am just starting my plan, with my partners, (sister and brother, and l would like some advices from u, or help,

[@LukasDiSparrowOfficial]

I have £40k to invest in propety.... How? How do I turn £40k into £400k?

[@truth952]

Land promotion

[@TheAuthorsAssistant]

Land options... Find land, enter into option contract, add planning and then sell to builder. land could be worth £100k at the start and once you get planning could be worth £1m depending on what planning is accepted.

[@eden5260]

Crypto

[@paulwhalley6789]

Congratulations, the profits are impressive. The, 'sell new builds immediately' is the golden nugget of this video, and something I probably wouldn't have considered before, even though it completely makes sense. So thank you. I was actually hoping that the video explored the finer (step by step) details of building a house from scratch though, because it's something I have in my mind over the next year or so, and never done before. I understand that you were largely a passive partner in this, so would you recomened always getting a project manager/ experience partner in to do the step by step process? And where do you find these companies/people etc to discuss everything about building new house. When do I get the architect, solicitor, builders involved? Are there specialists for new builds? What finance options are there to fund the building? I heard it costs roughly a third of the resale value of a house to build it. I understand this is pretty detailed 😂😂 Big fan of your work! I've got a small portfolio of the back of your crash course 👍

[@SamuelLeeds]

Thanks for your message Paul. On this occasion I funded everything myself, but you could typically get bridging finance that would cover at least 60% of the entire project (so many variable factors of course and could be higher). I would recommend getting a really good team in place, I have full time chartered cost managers and builders. Happy to assist you in any way I can. Congrats on your success so far, please do get in touch 👍🏻

[@paulwhalley6789]

@@SamuelLeeds appreciate your reply! I'll look it to it 💪

[@Philxxxxxx]

Big Fan of this channel would like to have met Samuel as I live right near these properties on St Anne’s Close 👍 great job

[@brandonbentley9312]

I would love to learn about this joint venture deals, I just don’t think some people will take me seriously as I’m only 17!

[@jamievaughan6579]

Really inspirational

[@dominicbuadu1564]

Hi, Mr leed can I take a look at your building plan

[@andredeoliveira4125]

If we check the local new houses price, your valuation price is too high. But if you are happy with the deal it's okay, I guess..

[@reyyong7122]

God bless you Samuel always trying to inspire people regardless of those sickening naysayers God bless you even more!!!

[@BD.Twin.Brothers]

Do you still build house ?

[@matthewcampbell4396]

Im 16 from south wales uk looking to get into property development I have some amount of knowledge on property development however I have not got the funds to get started samuel what is your advice ?

[@SimplyChrono]

Get involved in the industry and get first hand experience, apprenticeship with a construction company, maybe trainee at architects anything that puts you in this game and work from there. Learn the game slowly rather than these ‘get rich quick courses’. Just my two cents :)

[@AmandaLeeds]

Amazing work team ❤️

[@anon4518]

Welldone

[@SamuelLeeds]

Thank you

[@dobias28]

So you built 2 houses but sold them as 6. Genius

[@lihusk6468]

hi, its me again I've got a question how do I find a place I can visit to talk to people like where property investors are or does Samuel Leeds do his venues in different places

[@peterbennpan7288]

LEGEND

[@joshsmtb2025]

Im 15 want to start earning money doing 3 paperounds,workin in a bike shop and cleanong cars what else can i do

[@DonJeevy]

Start a knife sharpening service? Practice on some cheap/ used knives and start off with your neighbours' knives

[@krisb-travel]

just left a similar comment on a previous vid of yours to a joint venture guy of your named raj i believe, if you need finance for a project get in touch, i have low six figures im looking to invest passively into real estate development.

[@zenmoto369]

On the business side of things, great job man. But the UK has some messed up housing designs. 3 houses under one roof, wtf, living like animals, my dog's house is bigger.

[@stevedamian3498]

Samuel is in LOSS! He said he got 4 offers at 200K. So for the 4 houses he sells he gets 800K but he spent 830K on this deal. So he is 30K in LOSS. Trevor he got the other 2 houses without putting any money, he is the real winner here ;) Did I miss anything? Also, at 725x12/225K = 3.8% yield only !!!

[@SamuelLeeds]

No Trevor hasn’t got two unencumbered houses, I’ll get all my money out first before then sharing the profits ;)

[@glokjdfngkjsdnf1104]

@@SamuelLeeds then how does Trevor expect to make half a million 9:50

[@odysseasv7138]

You haven't calculated properly the percentages. He sold 4 houses for 800k+ but the ENTIRE deal(6 houses costed 830k), not the 4.. people being terrible at maths and numbers, should not be in this kind of business :)

[@CheckFred]

It's funny, I used to plaster 4/5 x bed houses for #WestBuild and the oversites always looked FAR too small ... (Until they were finished :-) ... They once put FIVE of those houses into the back garden of a Detatched property they bought locally ... We all said they'd Ballsed-Up big time this time ..... But NO! ...... And they ALL sold for 25,000- MORE than the asking price, as they used to sell them at an Open-Morning on a Saturday ..... Brilliant Tactic ..... Paid OFF£££ Every time :-)

[@sisternum9022]

Yes more development videos please