How I Made £1m by 24 (BRR method)

My journey in property investing began with buying a run-down one-bedroom ex-council property in Battersea Park, London. Using the buy-to-let strategy or BRR strategy, I transformed it into a two-bedroom flat, modernizing it along the way. Once refurbished, its value jumped to £320,000. I refinanced it based on this new value, pulling out most of my initial investment using the bridging finance strategy.
This strategy of buying, refurbishing, and refinancing, allowed me to recycle my initial funds into new properties. I repeated this process with other properties, gradually building up my portfolio. Alongside this, I also utilized the serviced accommodation business model, renting properties from other landlords to offer on Airbnb or Booking.com and making substantial profits from holiday rentals.
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[@elliottdebell7783]

Dude your videos are so good, I have ADD and the speed and your delivery of the information is, from what I’ve seen the best on KZbin! On top of that the information you give is almost to good to be true. I have a construction company and just about to inherit £200,000. My dream has always been to buy and sell property. Your videos are making me confident I can do it. When I make my first mil I’ll come find you with phat envelope . ❤

[@ThatAhmedKhan]

Thanks bro! Glad you're enjoying the content!

[@alleviatingsound-]

Brother what if you do not have this money to use in property you have about 20.000 pound

[@Calvertmarian]

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.

[@BryanMcCann-ks9jh]

I agree , I assumed I had a hang of the market at first, I gained $50k one year and I was super elated, not until I stumbled upon a portfolio-adviser whose been guiding me since the market's been sham after the pandemic, to my utmost surprise I netted a whooping $280K during this dip, that made it clear there's more to the market that we avg joes don't know

[@BryanMcCann-ks9jh]

Jenny Pamogas Canaya is actuaIIy the one that guides me, she’s a highIy-sought out advlser, so I’m not certain she’s accepting new intakes, but you can give it a shot. It wouldn’t be proper to just Ieave her number Iieing around, but she has a webpage you can look at if you googIe her name

[@xXJAY97Xx]

How did you manage to get the freeholders permission all the time to alter the rooms, surely not all freeholders would be ok with that?

[@safewastaken]

How do you know how much to add to a property and where? Do you hire others to help you investigate properties?

[@spacewalker2676]

Your content is very helpful, thanks! I am also curious what was the main source for your first £100k, the serviced accommodation (airbnb) or investors? What does it look like percentagewise? And what was your learning curve like for the serviced accommodation, how long did it take you to become profitable and start scaling?

[@ubpropertymanagement5807]

Clever young man. Thanks for sharing Ahmed Khan

[@ThatAhmedKhan]

Thank you!

[@JakeBM4]

How did you get the 1st 100k? Thanks

[@fizzfuzz7551]

He literally explains it at 6:00 did u even watch the video

[@aquatraderr]

Great and informative video as always Ahmed, thanks! Got a few questions with regards how you initially raised the capital. You mentioned that you had passive investors and would give them a fixed 8% return for ex. I'm assuming that was a yearly return you were referring to right? Also, that is assuming your property business did well? what happens if you couldn't meet the 8% return? I suppose when the legal matters were being discussed, it wasn't a 'guaranteed' 8% return?

[@BeatBoySupreme]

Remortgaging a property is the same as taking out a loan. A loan is not profit its debt. Profit happens when the property is sold for more than the loans you took out on it.

[@bibekkarki-bx4ii]

Did you have to inform land registry changing from 1 bed to 2 bed property?

[@tomdingleberry6174]

do you think property investing is still viable with the higher interest rates and also changes to the regulations on tax relief and eviction notices?

[@michaelk9565]

What app you use for the floor plan

[@tonyc1167]

do you still think this is a good property strategy to make money given the interest rates keep going up? what other property strategies are good to make money? i flip houses but really struggling to sell at moment. dont really want to rent it out either.

[@jaym7178]

Please can you recommend website for rent to rent deals i dont want to source deals via agent as they charge fees for deals

[@nezarjaafri4372]

Do I miss something ? How can the second bank finance a new property assuming the first one still in theory the ownership of the first bank ( the mortgage) ?

[@kyracl7318]

Did you need freeholder permission to do this I’m looking to purchase a property and that’s purpose build ex council was wondering if you need permission. Many thanks K

[@Elijah833]

Im wondering how you find these apartments with a separate kitchen because here in toronto I every floor plan I see has a open kitchen

[@dtawantawng5131]

He specifically targets ex-council flats. Ex-council flats typically include a seperate kitchen, whereas most private / newbuilds already have an open plan living room / kitchen.

[@DoctorDevify]

how can you refinance so quickly after buying and refurbishing the property - do you not have to wait until the fixed term expires or is that what those financing costs were that you referenced?

[@ng5830]

He will be using short term lending products. Bridging finance

[@DoctorDevify]

@@ng5830 thought so thanks

[@sahab999]

@@ng5830yes but how do you raise the deposit for the next property when he spent £31k on the first property

[@propfunders]

Did you have a washing machine integrated or where was that? Where did you put the boiler?

[@ThatAhmedKhan]

Yep it's integrated. Boiler changed to electric and put in a mega flow unit

[@propfunders]

@@ThatAhmedKhan thank you, in your experience what would be the min. size of lounge/living room you'd need to have for a kitchen? For example no lower than 3.50m on either side or

[@Neddie2k]

Thanks for sharing….

[@arthurfleck2149]

Your videos are very educational, please can you make a video on current interest rate climate? If its a good idea or not to buy a property.

[@ThatAhmedKhan]

I'll make a video on this :)

[@matimbakopolo2723]

Ahmed, you are a gem! May you continue to soar. Thank you for the content. Wait... Are you married now? I see a ring during the Emma bed promotion. Congratulations!! 🎉

[@ThatAhmedKhan]

Yes I am! Thank you!

[@sambelkacemi6723]

How can this work given the mortgage rates have now skyrocketed? So you'll be re-mortgages at a much higher rate like 5/6% which means you'll pay much more than your original rate?..

[@ThatAhmedKhan]

That will impact your cashflow but shouldn't impact refinancing (unless the stress testing no longer works at that LTV)

[@kyracl7318]

Do you need planning permission to turn 1 bedroom into 2 or is it permitted development! Great video thanks for sharing

[@DHBenoit]

is converting 1 to 2 Bedroom properties in lease hold properties straight forward?

[@mrj2875]

You need freeholder permission for sure

[@zaynumar0]

You need to explain more on the bank terms and agreements and interest rates , THE “RE-FINANCING” is a LOAN too !!! You get charged interest on that LOAN

[@propfunders]

The income from the property will pay off the interest and give a monthly profit (although with current rates it is tougher).

[@sahab999]

So how do you raise the deposit for the next purchase if you spend already £31k on the first property? Can you ever respond to my question

[@dtawantawng5131]

kzbin.info/www/bejne/Y4eVYpqvl5KBe5I skip ahead to 55:00 and he explains his strategy. Basically, do 2 projects at the same time. Sell one, hold one. Use the profit from the sale to cover the deposit on the hold.

[@ThatAhmedKhan]

1. If you have a cash generating business e.g. Airbnb 2. Work with other investors on loan agreements or JVs 3. Once you get to enough properties, it should be self sustaining

[@sahab999]

@@ThatAhmedKhan thank you brother, I initially thought that you can use the equity in the first property as a deposit for the next project and to gain a 100% bridging loan.

[@FA9082]

The problem with these videos is the average person doesnt have £100k lying around to invest in property so this video is USELESS to everyone except people who are already wealthy lol ...and dont even get me started on why doing BTL in London is a terrible idea 🤦

[@ThatAhmedKhan]

did you watch the entire video?

[@rob_m]

You know. You might need to get a job and take some short term pain (really cut your expenses) to save 100k. If your mindset is you can’t get to 100k then why bother watching and commenting on this video?

[@jannazam5483]

Am I missing something here? You have a £1 million portfolio but have debt to the bank of almost the same amount? That’s not equity it’s debt. Lol