How Much Money Does My 6 Block of Flats Make?

Is residential property worth it? I bought this block of 6 flats and in this video I am going to tell you how much money it makes! I break down the pros and cons and the things to look out for and ultimately answer if it is in fact worth it.
Sign up to my weekly newsletter 'The James Sinclair Letter' here:
www.jamessincl...
Try Entrepreneurs University 14 Day FREE Trial Here ►
jamessinclair....
Find out your Entreprenurial DNA, take this quiz ► jamessinclair....
Get your tickets to our next event here ►
www.jamessincl...
Apply to be on my podcast here ►
jamessinclair....
My Socials:
🎙 The Podcast - shorturl.at/jyzP1
🌍 Website - jamessinclair.net
🐦 Twitter - / jamessinclair85
📸 Instagram - / jamessinclairentrepreneur
📱 TikTok - / james.sinclair
👨‍💻 Linkedin - / jamessinclairpartyman
👍 Facebook - / jamessinclairentrepreneur
Who am I?
My name is James Sinclair and I'm the founder and CEO of The Partyman Group of Companies. I started building my business when I was just 16 as a family entertainer after that I built up an entertainment agency, then moved into building a leisure and day nursery businesses. Today we operate a £30 million business which includes leisure, childcare, outdoor attractions, commercial property, arts and crafts manufacturing as well as one of the UK’s oldest Ice cream companies; The Rossi Ice Cream Company.
#businessowner #entrepreneurship #entrepreneur

[@rburgess191]

Thank you for these continued videos, your content is criminally undervalued!

[@mrwood4557]

Should post a end of year video, of around up of each business and bloopers

[@Victoria-rx6hk]

Hey, I want to start investing but don't know where to begin. Any advice or contacts for help?

[@EdersonEdwardWilliam]

It's wise to seek professional guidance when building a strong financial portfolio due to its complexity.

[@ReyesPorterBen]

Talking to an expert like Liam watt to reshape your portfolio is a smart move.

[@JohnStonesBailey]

Investing $15,000 and received $174,

[@RichardPhillipsJoe]

YES!!! That's exactly he’s name (Mr Liam watt) so many people have recommended highly about her and am just starting with him 😊 from United States

[@GabrielDavisYoung]

Please who is this Mr Liam This sounds so good andI would like to be a party to this, is there any wayl can speak with him?

[@Findloc]

Very honest video. Loved it. Thank you James. And as of tomorrow 31 10 24, if you are buying a second+ home your stamp duty is an extra 5% instead of the current extra 3% :).

[@kingbow9928]

That final calculation wouldn’t be your ROCD but your gross yield. Correct me if I’m wrong

[@RJC10101]

Very good video James. You're correct in everything you say here. I sold all my BTL's several years ago now as could see the kind if issues that we have now emerging. Ressy BTL's is a tough industry to be in... a lot of hassle is involved

[@hlvisuals]

Excellent video as always, James. Great insight and knowledge.

[@DouglasBurkinshaw]

Now they are removing the tax benefits of trading businesses such as IHT reliefs do you still rate residential property?

[@sanilf5889]

Can u make a video on how and where do u find declining businesses to buy

[@Comradh]

Can you do this for one of your commercial properties too? Great insight!!!

[@simonl3703]

You inspire me to become an entrepreneur, need to learn the right skills .

[@univ01883]

Please discuss how you mitigate RISKS of buying a SPV (ltd co), for example unknown liabilities such as a guarantee that may surface years later?

[@jamessharp1980]

Great videos. Could you do a reaction video on the budget announcements? Be interested to hear your thoughts

[@oscarrigby3140]

Another belter James, thanks for taking the time 👍

[@willashcroft2651]

Hi James, can you do another video on the successes / dangers of property development / construction please? I think you should speak with Paul Higgs at Millbank Land if you can - he's the top of his game and I think you'd like him.

[@joelriley4850]

Back along you did a meeting with a management company to do your own airB&B rentals in these flats, what would the figures have looked like for that? Not enough more to be worthwhile?

[@chrisdalton9849]

James, the figures are really appreciated.

[@marcthewindowcleaner]

4:50 that answers my question. Very true!

[@marcthewindowcleaner]

1:15 oooo is that land to the left of it available? Can you extend onto it if it was?

[@rafsanmommed8141]

Thank you for making these not a lot of these type videos in the UK

[@cheshirejack1761]

Stamp duty is now at least 5% on second homes

[@Elliott_Wave]

What about the cost of the loan.

[@JamesSinclairEntrepreneur]

I summarised this in the positive cash flow.

[@philip_james_]

Just so I am clear, 170k spent, and getting profit of 29k per month, so it will actually be 6yrs before you see any money back?

[@RFXZ67966]

Hi. You said you were able to remortgage for circa £900k. That would mean the previous owners sold you a £900k property with £575kish liabilities for £100k. Why didn't the previous owners just get a revaluation like you? It seems like the value of this deal is in the revaluation not the SDLT or the other elements you discussed

[@jimb7406]

Great video James - love your business brain. What is that mess of a jungle to the left of the property? Looks like it has a for sale sign on it.

[@wahahaha2017]

How can I ensure there are no hidden debts when purchasing a property through a limited company?

[@lfgoooo]

...now 5% stamp duty on resi second homes!

[@wahahaha2017]

+5% not only 5%. that's crazy.

[@simonfoxhall8604]

You’re missing the point on this. James bought a company, NOT a property. Therefore SDLT not applicable as the company he purchased already paid.

[@Tasucu-b4j]

Basically, you didn't spend a single penny to renovate the building?

[@WintuhLiving]

Oh give it a rest

[@anjumanwolf6931]

Great video and love the newsletter

[@amilaperera85]

What a smart guy .

[@russellcooper827]

I can't help but feel your endeavours are stressful. How do you account for that going into the next opportunity. Thank you I'm slowly learning " business "

[@swaggerbauer]

whats the sort of taxes you have to pay on your rental income? is that deducted somewhere in the calculation?

[@Radiomate]

you are an inspiration! Wish I had 1% of your success

[@Timaldo8]

Did you keep the property in a Ltd company, James?

[@TejTalks]

It would make sense to, tax wise!

[@marcthewindowcleaner]

Are you bringing Luxiety Stays to the Lions house?

[@TejTalks]

Great video!

[@ambrosiad1588]

how did you find this investment, did the seller seek you out, was it a deal package or something you saw in an auction

[@JamesSinclairEntrepreneur]

Just on Rightmove

[@Bussellification]

I wonder how the figures would have changed if 3% Stamp duty was paid on the £650k, and whether it would have made a difference on the deal

[@TejTalks]

It would make a difference, which is why this is so good!

[@imranmirza3157]

Cheers James

[@Lemxns]

The perfect oval at 6:32 did not go unnoticed 👌🏻

[@lewis72]

Well I never knew that Southend was a city ! As it's only been a city since 3 years I won't feel so bad about it.

[@c11yan]

Managing a £60k a year portfolio of flats is a part time job for someone though.

[@splat668]

Letting agent

[@c11yan]

@ do they have a cost 🫣

[@TejTalks]

not always

[@barnie8282]

Nearly flicked over this video as it looked like a Samuel Leeds video 😂

[@oneaccount5219]

💀💀💀

[@TejTalks]

🤣

[@GerardJach]

What’s wrong with Sami?

[@cheshirejack1761]

😂😂😂😂

[@cheshirejack1761]

Seems like a similar scammer selling courses

[@adamwoodruff7373]

5% as if yesterday James!!!! 😭

[@waynelewis5656]

That calculator didn't show 17.5%, it showed 17.05%.

[@ephelesfrance7006]

You stole that 10 000 hour comment to be good at property development. As its a well known fact to be great at anything that 10 000 hour figure comes up all the time. If you want all to know where that came from i will tell you. the first person to explicitly popularize the "10,000-hour" figure was Malcolm Gladwell in his 2008 book Outliers where he drew on Ericsson's research. Anders Ericsson wrote a 1993 paper he co-authored titled The Role of Deliberate Practice in the Acquisition of Expert Performance.

[@mnava4290]

The cost is 650k and annual rent is 65K. Where in the UK can you get a property for 10x multiple? This is a great deal you've got for cheap. The seller didn't do homework.

[@davesgarage4496]

I am afraid that doesn’t make any sense … your in price is not just 170k .. it’s 170k plus the debt in the company when you took it over so your yield isn’t 17% …?

[@jaiyden9888]

I thought this too, I wonder if the mortgage covered the debt?

[@jackkent3285]

He clearly states the £29k is positive cash flow, meaning it’s the amount of income after either a mortgage payment or mortgage interest payment and minor fees - so the debt is being cleared and yield from cash deployed is 17%

[@jack_lunn]

He’s taking about ROI not yield, too completely different things

[@davesgarage4496]

@@jack_lunn I own a very large commercial property portfolio / other business … I am still not sure about the maths here .. I think James actually needs some business advice … It’s called stick to what you know ! His business model. Seems to be only based on synergies …

[@nicholasashton8648]

This is easy, James put £170k in, the bank put the rest in. After James has paid interest to the bank (and any other costs) he's got £29k left. That's a 17% return on his own money.....that's leverage.

[@tonyhigginson8534]

another top notch in depth video James.

[@ShapeyFiend]

It's taken me a while to understand that everything business is about tax efficiencies. Irish/UK government really don't like small landlords. The tenancy rights are insanity as well.

[@mickyhollywood6580]

Wow ure amazing buddy🎉🎉😂

[@FarukHamid-jw9li]

Hello, where’s your office address please.

[@jeremymorgan8541]

Greed is king

[@willbeesley8271]

james you should consider putting bitcoin on the balance sheet of your companies

[@flyinghedgehog3833]

Tax/management costs/RRB Etc...good look with eviction of rubbish tenant!

[@johnmason7536]

Thumb nail is a bit click baity

[@FAHMIDFIROZ]

So?

[@johnmason7536]

Well they don’t make £65k per month do they. 😂. The thumbnail says these flats make me £65k per month, it’s per year.

[@psymon25]

Not after labour screw you over

[@45media85]

Nonesense

[@jonnyrondo507]

£65k a month... Wheres the part where he calls himself a 'working person'?

[@trolmct6972]

If they make you so much money, why do a KZbin channel? Would you not just count your cash and invest, why give away keys to kingdom?

[@Mrhaydentv]

Because building a personal brand is one of the most powerful ways in the day and age to increase income. James sells people online to he’s seminars to make even more money + promotes all the businesses he owns to thousands of people on this channel. 😊

[@jamesnicholsonbusiness]

I think you should watch his other videos. James is very successful this is a tiny fraction of his business

[@ocelotjazzz]

@@Mrhaydentv Yes! Brand, selling books.

[@trolmct6972]

@@Mrhaydentv tbh I’ve found the people who build personal brands are usually the ones who are lacking in brain cells/practical skills, but great at talking bul.lsh1t. Only from my experience interviewing them. Multiple of my friends are multi millionaires and have no ‘personal brand’

[@hassanamir387]

If you thinking by sharing success is ‘giving away keys to the kingdom’ I can tell you won’t go far in life

[@WilliamWorker-o6h]

I'm favoured financially with Bitcoin ETFs approval, Thank you buddy.$28,600 weekly profit regardless of how bad it gets on the economy.

[@TheophilusGogo]

Same here., I strongly agree that the Bitcoin ETFs approval will be greatly life opportunity for us, with my current portfolio of $102,500 from my investments with my personal financial advisor Steve Miley I totally agree with you😊

[@EdwardCoblah]

The very first time we tried, we invested $1000 and after a week, we received 4500. That really helped us a lot to pay up our bills.

[@CaneRobert]

This sounds so good and i would like to be a party to this, is there any way i can speak with him?

[@CaneRobert]

Thanks for the update I'll get in touch with him right now😊

[@ElizabethSerah-i1g]

Omg 😮This is the kind of information that we don't get from most KZbinrs I will get in touch with him right now

[@topboyuk]

Hi James Great content. Yes iv signed up to your newsletter. I can never find these deals and yes iv emailed Tracey who said go to Businessforsale etc. help ne find such deals please

[@JamesSinclairEntrepreneur]

I spend around an hour a day looking, I also go and see deals. Get in the car and do viewings. This is the magic. You must go and spend the time with vendors over desk top research.

[@trt5t54yre]

If you had to sign up for his newsletter and you dont know how or where to find those deals you need to work on yourself first basically. If you think he will give you a deal that makes him 17% ROI, you need to see a doctor. I havent laughed this much in a long time. When you find a deal, most likely you will be competing with people like James to get a deal and your ROI will then be lowered because you will have to overpay to score the deal and it will be tight margins, so James would walk away. At 17% he will always do the deal himself and only tell you about it in a youtube video.

[@topboyuk]

@@trt5t54yre What an absolute muppet reply. Nothing good to say, Don't say anything.

[@topboyuk]

@JamesSinclairEntrepreneur Thanks iv looked at sites and insolvency Firms. Mr big just bought a Truck company for 100k.