Man Retires After Converting £105k House to Mini-Hotel | No Money Down BRRR to SA Property Investing

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Man Retires After Converting £105k House to Mini-Hotel | BRRR to SA Property Investment
Mohammed Ullah buys a house in Wigan, Greater Manchester for £105,000
He then converted it into a 6 bedroom serviced accommodation with a new value of £250,000
Mohammed didn’t use a penny of his own money! In this video he tours the house and explains exactly how he did it.
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[@sherrytee2962]

He's using all the strategies at once, love it!

[@Probity100]

This is probably the best video I have watched on this channel. So happy for Mo, he comes across as so peaceful, amiable and a lovely landlord. Great video and example of someone who has fully benefited from the training. Cannot wait to start my journey.

[@jarohogan]

Me too!

[@arronkhanhoward]

I was in this property during the refurb as Mo got me in to do the blinds, he is such a nice but smart guy. Well done Mo and hopefully see you on the next one. Great video too Samuel!

[@JakobButcher]

Seems like a genuine bloke, well done!

[@ade5754]

This gives me so much motivation that I can do this! Can’t wait to start my journey

[@Novasworld123]

So good to see people you know doing so well! We know Mo well from his pizza shop Don Francisco, I used to go all the time as a teenager and then he took on my husband as a delivery driver when he was 18 and shown me how his taxi company worked too. Mo has always been the nicest guy so it's so nice to see him achieving such amazing goals🎉❤

[@ukpropertyaccounts3135]

Absolutely love this! A property like this is my mid-long term goal. I will have one in the next 2 years!

[@memonm786]

You guys are not stingy with the details. Thank you so much.

[@boatingforbeginners7949]

Fantastic video.. Lots of inspirational ideas in this and congrats to the owner for sharing his hard work and benefits of such a project

[@Notused2024]

Fairplay credit where it's due he has smashed it

[@nabindragurung3022]

Great to see the amazing combination of BRR HMO and SA. Wonderful Mo and so inspiring

[@Antonio-Russell]

This is insane! The ROI is ridiculous!

[@bestwaypropertysolutions]

Just wanted to ask one question for a full clarification: 6 bed HMOs require licence to be a certified HMO, right? To run then a 6 bed licenced HMO as SA require to turn it back to Guest House from C4 class of use, before actually running it as a Service Accommodation? What am I missing here, Samuel?

[@ozhoneybadger]

Good question

[@thelittleguywins]

If 5 rooms or more hmo license is required but classification technically stays c3, unless an article 4 area requiring planning permission for hmo which is c4 Or if applying for 7 rooms or more then full planning and change of class to c4 is needed in any area. C1 (hotels, guest House etc) would technically need a change of use permission on the property from c3 BUT there is no specific class for serviced accommodation which again technically would remain in a grey area of c3 or c1 as does not fit either criteria. With c1, staff and catering facilities are required to qualify BUT self service catering/self check-in is different. The main factor is the mortgage, insurance, safety and the localised council view specific to your area and effect on neighbours (hence running a 'business' is usually not allowed on resi mortgages). Our council admitted any licencing for SA or mixed hmo/SA is about 5years away. Councils are well aware of the grey areas but not much they can do. Same applies to overlap in health services operating from a c3 dwelling not all need to be c2... If your professional, offer a safe building and keep track of everything, follow the basics if 6 rooms in a location that makes sense, there should be no cause for concern. Councils want commerce, business rates for their town and quality services/housing/landlords/operators.

[@bestwaypropertysolutions]

@@thelittleguywins sorry, but as far as I know, HMO for 7 beds or more is a Sui Generis - a separate class.. In most councils nowadays one can stay at C3 class with up to 4 occupants run as a HMO, but for 5-6 rooms you need licence and changing the class use from C3 to C4. Article 4 area is a separate matter as well, as in there even for 4 beds HMOs needs licencing and planning permission. One don't need to do planning for change of use if the property had a grandparent rights and can be converted to HMO C4 under the PD. It is up to the owners, how they are running the HMO, but from the video my understanding is they already are running it as HMO (and must need a licence) and SA. As SA can be run from a C3 class only, running the SA from C4 class building is illegal in my view. If the councils will introduce shared class for C4/C3 for the SA use, that will just be crazy. But for now I never heard of this anywhere as a legit setup.

[@thelittleguywins]

@@bestwaypropertysolutions All they have to do is notify the council that the property use has changed and denounce their own hmo licence. Apply for change of use to C1. Having a hmo licence does not mean the property status is stuck at hmo c4. It means it is safe to use as a resident c4 dwelling. All they have to do in the video is contact the council to update them of change of status but as long as mortgage, insurance and safety features are upto date. The council might not stipulate a change of classification is needed. As a hmo the safety requirements will be higher than a similar size hotel. Hotels you don't even need windows in rooms. The fact is there is no classification for SA operation at all as detailed previously. A dedicated building of apartments would be assessed as C1 as a 'apart hotel' as use in an particular area. Ultimately it is technically down to the council what they want it classed as and a number of factors. As noted councils are well aware of SA operations, but they are not refusing them. They even allow business rates on singular apartments instead of council tax. But ofcourse operators might be infringing on mortgage or lease terms. Check with your local council for their view on a licenced hmo being used as SA.

[@lotus8576]

Yes I have the same issue with my house 6 bed you need a licence of boarding house or something like that and 1 person needs to be there as care taker 24/7 . I tried also AirBNB and it was not worth it after I paid marketing, cleaning, customer service and welcoming and electricity - the costs were too much it is much easier to have the whole house rented to one person and he pays electricity and water consumption etc

[@blackspotproject]

Awsome, what a legend! Great business idea! Wish him all the luck!

[@pirongia5168]

Well done Samuel, seeing Mo so happy must make you feel so fulfilled. God bless you.

[@Scampi95]

If I was looking for a holiday let, I wouldn't choose this one. Why? -Rooms are smaller than a hotels -Kitchen and living room isn't private -Others could make noise all night and you'd get no sleep -Cameras in the kitchen

[@ositaeze5237]

This is smashingly amazing for a deal in the current time. Well done Mo and thanks Samuel for the video.

[@Northernirelandproperties]

Start the new year with a bang Samuel 👊

[@tsingh4386]

What a great inspiring deal - I like, I want! Thanks for sharing Mo & Samuel

[@HorseSaddleRider]

Genius! Well done Mo.

[@DSM2009]

Awesome, he's got the formula for the perfect business well done 👏🏾

[@euniceasantescheving-journ521]

This is very inspiring. Brilliant video

[@ViewDoo]

'Best House on the Worst Street' - My mate lives on that road, he regularly tells me of squabbles the drug addled idiots get into when they fall into the street from the halfway house that's probably less than 100 metres down the road from that mini hotel. Good little earner for the investor, but nothing good has ever happened on Darlington Street.

[@Unknown-si8yx]

Hey Samuel, I fully own one property and have a mortgage on another. They are both right next to each other and are in a location in Manchester which is very near to the famous curry mile. It's a 1 minute walk to a bus stop that will take you into university or town within 15-20 mins. They are both 3 bed houses and currently it's being rented to a family for 850 per month. After watching your videos I've realised it's not being utilised as well as it could be. What would you do with said property?

[@shannondermott3544]

That's just down the street from my mum and dad's and it's great too see whats possible your the reason I bought my first investment property last year great content keep them coming

[@mohammedmalik666]

What area is this?

[@adamuyakubumarinde]

Samuel you're the best.

[@jonoshea309]

This Guy has obviously set him self up a nice little business , basically it’s like a modern day mini hotel. Not to mention the profits made from the renovation.

[@sarunasruzgys4845]

Nicely done Mo, best wishes from Lithuania! :)

[@MrDooley45]

Best video I have seen in a while. Thanks for sharing 👍🏾

[@alexadroskeivani1168]

Love this What I have realized in my few years of being in property that the less hassle strategy you go with less profit you’ll make This guy is not going for secure income , 6month minimum stay which will give him 1500 profit He is not settling with this He is taking the hassle in using the property in short stay, more hassle , more risk but more profit as an outcome Property don’t work when you are lazy and you settle for the safe option You need to get out your comfort zone to be able to grow

[@1MinuteDatingTips]

Props to Mo genuine guy

[@Hackbridge1963]

Mohammed's channel looks good as well!

[@LondonSoundSystem]

Can you link this here please?

[@LittleMiss875]

This is great. How long did the renovations take?

[@mohammedullahuk]

6 months

[@hassanamir387]

@@mohammedullahukI’m looking to do something similar with a property just wandering what planning permissions/licenses required to operate in this way? Is it C1 or C4?

[@mohammedullahuk]

Speak with a good planning consultant to advise you correctly

[@carguy792]

this man played his cards right ! well done my guy! such an inspiration , 5k a month basically with very little effort once hes set up,, that would be grand :D

[@rustey222]

@SamuelLeeds if you charge a base cleaning fee of 20 pounds initially, how often is this reoccurring if the guest stays for 2 months for instance?

[@sssenhaji]

What kind of license you need to ran it as HMO and holiday let?

[@boomandlexishelbi8966]

Samuel ave been left 15000 pound and am looking for some advice what to do with it the only problem am based in Edinburgh/ Glasgow

[@yeshua9323]

Hi there, I'm Tricia an academy member from Glasgow, just back from a SL conference in Nov. Would be nice to chat as I have found some interesting projects in the area and have been speaking to Darcy from SL team.

[@bilkishbegum6681]

Don’t waste money on any courses. Get a buy to let mortgage.

[@user-vp6cq4sv3d]

I'd check the current Scottish laws every so often. Leave your money in a savings account and then save up until you have a steady mortgage on a place that you can use as a brothel. Things are getting dire during the current cost of living crises I could imagine between now and 2045 there could be some developments with legalising certain behaviours. It's never too early to be prepared should the time come. Worst case scenario you eventually come to own a place regardless and you can just do you due diligence as for ways and means of renting it out effectively.

[@bwabymafia]

I really want to do this. but cant seem to find a suitable property yet. amazing idea

[@beadlesastout]

Every asset is owned by another entity through loans. There is risk you can get oversaturated with property to loan figures and empty rooms or property means you are paying loans and mortgages at the same time. I'm sure there is also a limit of five properties before you have to be a registered business too.

[@agee7777]

5 tradesman on £200 a day for 3 months is 90,000 in labour alone.

[@diandrra1]

Since this is rented by the room as service accommodation, is planning permission required? If it's not, would planning permission be required if this was a 8 bed HMO?

[@your-daily-dose-of-life9664]

I know this question isn't related to the video but I was hope you would offer some input please. I have just bought a freehold flat and I own the rights the the leasehold flat below. They currently have 64years left on the 99 year lease. They have approached me to extend it. My question is how much should I charge them and what is the process of doing this?

[@fizywig]

£5400 profit less cleaning and admin wages. SA means commmercial gas and electricity rates? If so, then at least £3000 per month elec and gas.

[@fordfocus01100]

Amazing!! My home town!!!

[@have-a-gorepairhero2760]

Great strategy but refurbishment cost are way under priced for a hmo and all furnishings en-suites etc

[@SunnyD32]

I remember him on the Chanel before, always great to see him

[@DeepFocus23]

How long did the HMO licence take to accuire? And what do you do if the refub is complete but still not recevied the HMO license?

[@terrytong8665]

but how is running a mini-hotel retirement XD ?

[@christopherashurst4610]

I'm from Wigan this is on Darlington street this wasn't a house like he keeps saying I remember it being a shop/funeral directors

[@danielbailey7634]

Great video! do you know where he managed to find the property?

[@rpkbigman1379]

That’s amazing!!!!! And inspirational!!!!!

[@OakTree-LandScapeOnFacBook]

I’ve watch a few of this guys vids and wanna get in to property development any ideas on classes or starting points I can take

[@goodgirlsguide]

London rental fees though

[@outere2044]

Great video

[@retroandrusticlampsuniqued1936]

Great work 👏

[@KevinColt]

Yo Samuel got 100k to invest, wanna get on the ladder, what should I do with 100k cash?

[@commuterbranchline8132]

Dude, could you please warn us EarPod wearers when your gonna shout. Your enthusiasm just blew my ears off man! Lol Great video BTW.

[@westernwindkeeper2793]

the catch in this whole video is why somebody shall reloan you to refurbish the house until and unless he is your close friend or relative ?

[@petraat8806]

Advice to blur the WiFi password for it to not be hacked.

[@wintersun398]

Mo is a great guy! Brilliant passion for what he’s doing. Love the setup and kitchen.

[@DrPhilswan]

You’ll get booted off Airbnb if they find out you have a camera inside the property - it’s against their rules “As of April 30, 2024, Airbnb prohibits hosts from installing indoor cameras or recording devices in their listings, including hidden cameras. This applies to all areas of the listing, such as the living room, bedroom, bathroom, hallway, and guest house. Hosts who violate this policy may face severe consequences, including: Permanent removal from the Airbnb platform and Potential legal consequences.”

[@davidgreally4391]

All part of a beautiful ponzi scheme. Hope the bubble doesn't burst.

[@anthonymichaeldurkin6244]

it will

[@mohammedusman7065]

None of his own money, but loads of unsustainable finance options, £5,400 profit before even the debt is paid!

[@biggerissues6085]

Stop shouting out in surprise and stop hugging all the time. It makes you look deeply dodgy.

[@anthonymichaeldurkin6244]

@@biggerissues6085Hear.Hear

[@nakkoe8161]

@@mohammedusman7065 It's 5400 net. Which means after mortgage you plonker.

[@M4TTCR4V3N]

Well done, What street is it on? :) live in Wigan myself 👍

[@rickywatkins9424]

Well done great work student of a Blocko (Bloxwich) lad. From Wednesfield myself really impressed very new to your Channel too keep up the good work

[@CharlieMcconnell-o4z]

is this C1 class?

[@jahmallsuarez8648]

This is amazing!!!!!

[@Neddie2k]

Never thought of this strategy, nice combo.

[@Hackbridge1963]

When I'm in the area, I'll see if I can crib the WiFi password 🤣😂

[@gunsoshea3840]

Great investment and the house looks great but can't see how the refurbishment cost just 57k. In Ireland with the current cost of labour and materials the work would be around 200k+. Especially if there's 6 months of labour as the video said. Also unless you have someone handling the day to day running of the house , checking people in / out etc. you'd hardly be able to retire . Would definitely need to be in hand most days to handle everything that comes with it .

[@gss6531]

Immigrant labour is cheap and surplus in the building industry £40-50 a day cash in hand to someone from Pakistan or India without a visa.

[@asadm9522]

In Eire and especially baile atha cliath f studio costs 50000 to refurbish.

[@gss6531]

@Phil S I know someone who's house was quoted by a builder who brought in £40 a day labourers and just watched them all day. Even this hotel, those bathroom vanity units and taps are some of the cheapest you can buy. £120 vanity sink and tap package off eBay. I'm from the building industry so know exactly how cheap certain distributors sell this stuff. Those taps can be bought as cheap as £11 by a store. Imagine what the wholesaler is paying.

[@barbarar5869]

If you are doing short term lets, i imagine people are staying a few weeks/months. Otherwise I agree that it becomes a lot of work. But essentially, isn't this what bedsits in Ireland uses to be like? I don't think we have something comparable in ROI from a legal standpoint. In terms of refurbishment costs, unless you did it yourself, I doubt you could do this for this little money. The costs of materials here is very high.

[@johndonnelly2833]

So charging people up too £1000 a month rent is a good thing

[@johndonnelly2833]

@@SamuelLeeds_ it all sounds to good to be true it’s like being a none beliver. When you work 9-5 and can’t even get on the property ladder it’s like a dream all the best to everyone lucky enough to make money like this though

[@thetruth3435]

brilliant host

[@TheBeebg]

One word - brilliant 👏

[@handreard]

This is all or nothing risky but fare play if I was this guy would buy £1000 gold a month so when the bubble pops your still have some cash the only thing with loans is they have to be payed back

[@RajaCAthletic]

Another great vid

[@jamesfreemantle6912]

Amazing Deal!

[@netayconnection6236]

Where is the location of this place? 🤔

[@almurabitun]

What I want to know is how do these guys pay themselves the money out from these rentals. Do they pay themselves out as a salary or dividend. I've seen videos where accountants say these methods are not tax efficient so this is what I don't understand.

[@LCOF]

Worst case scenario, his initial salary ‘sacrifice’ is with the end goal in mind. Once you have multiple properties you can pay yourself whatever you want. It’s the initial hard work and sacrifice people don’t want to take onboard.

[@childrenofman5410]

Hi Samuel, really inspirational video. Can I ask you this question as I am natural sceptic with everything in life. (Probably not the best attitude to have). But could you possibly do a video on perhaps the students who have failed to be successful and the reasons why? Also what success rate do your students have? And can you get loans with bad credit? Thank you

[@SamuelLeeds]

What you focus on expands. Why want to study unsuccessful people? The success rate on my academy is around 80-90% but it all depends how you define success and over what period of time. Just focus on what you want and go get it. All I can do is give you the exact tools.

[@elizabethosomo]

@Samuel Leeds Focus on what you want, and the heavens will make it align with you

[@childrenofman5410]

@@SamuelLeeds thank you for your response, really appreciated. I ask because they say hindsight is a wonderful thing and learning from other mistakes is productive I believe. For me success is as you say in the video, financial freedom - in terms of not having to work a 9-5 job. My ambition isn’t crazy massive but to live comfortably with my family is ideal. Again, thank you for taking the time out of your day to reply.

[@gregoryharris870]

@@SamuelLeeds Hi there good job

[@cheekykid]

@@SamuelLeeds He would want to study unsuccessful people in order to get around survivorship bias a VERY important thing. Real financial success is NOT learnt unless you are the one who wants to sell courses to naive people. Samuel, are you really making millions from doing what you preaching or are you making millions from selling courses on youtube?

[@BB-bt9vj]

Smart fella. Ace.

[@sloppygoo]

Your videos are seriously so quality and inspiring I’m saving up for the course always told myself I’d spend money on educating myself. Is it applicable outside of England

[@markholland4501]

I sent you a message for a property investment with huge profit . Needed help with it .

[@markholland4501]

Sam you have someone hacking you thread

[@thesupercommutingdad4092]

Loving the content and have just signed up for the one day course in two weeks time! question; can anyone get a bridge loan or do you require an established business account etc?

[@johnnym.5066]

You'll need a form of security, e.g. one or more properties that the loan can be secured against.

[@thesupercommutingdad4092]

@@johnnym.5066 Thank you.

[@ninadsbhatt100]

@@thesupercommutingdad4092 How was your experience? Did you earn any dollars?

[@thesupercommutingdad4092]

@@ninadsbhatt100 the course is this weekend. Let's see how it goes!

[@RicardoFidalgo]

@@thesupercommutingdad4092any update? How was the course?

[@bashka99]

Soon find you legends! Stay blessed

[@mcbarberblue]

6 bathrooms, one very well done kitchen, Beautiful deco all the furniture fireproof doors security! 57k paid out never mind planning windows heating …….. 🙄 I could not do one bathroom for 5k even if you did all the work yourself it would be a massive undertaking for that amount of money. And I find it interesting to think that he’s that skilled. As it’s been done beautifully. But if he did well done

[@welshLad]

Great vid thanks for sharing 💯💥🏴󠁧󠁢󠁷󠁬󠁳󠁿🏴󠁧󠁢󠁷󠁬󠁳󠁿🏴󠁧󠁢󠁷󠁬󠁳󠁿

[@matthewhumphryes8680]

Let's go!!

[@niyazshalla2811]

We do also in north india like rent or long term and we do spl design of house too

[@christophrr84]

Amazing!

[@johnnyboy2459]

Isnt that illegal buying a house with a loan?

[@habz7876]

Yes it is

[@SamuelLeeds]

No it’s not

[@johnnyboy2459]

@@SamuelLeeds Oh good to know! I was under the assumption you had to declare what your getting a loan for and they don't give them out for property purchases?

[@grantdowbekin7657]

It’s a bridging loan, not a standard unsecured loan that you get from your high street bank.

[@MilesCobbett]

What's an SA? Is that short for single adult?

[@justalettert2437]

Serviced accommodation

[@PCG2022]

Is that really the main cold feed coming in at the side of the front door architrave? Looks beautiful and the numbers look good, Just unsure about the mains? Confused 🤔

[@atilla4352]

It's almost like people have no ideas to invest but in housing.

[@JanBanJoovi-ol1qv]

That’s a big gamble. But he’s got very lucky. Im so jealous

[@silentred8333]

First things first rest in peace uncle Phil.

[@silentred8333]

For real.

[@GozieZilla]

How tall is Sam? He looks 7 foot here

[@SamuelLeeds]

6ft

[@GozieZilla]

@@SamuelLeeds maybe the house is a little bit small. In one of the rooms your head is almost touching the ceiling 😁

[@you2449]

They used the same effect in LOTR. re Gandalf and the Hobbits.

[@movingaway]

Nice.

[@AlfieGraham-pv4qp]

outstanding

[@gumacanian4211]

Make an appointment with SIRCO..They will give you spot cash deal for every room with a two year contract!

[@msz51214]

MUHAMMAD----MARVELLOUS JOB

[@msz51214]

ok sir i am your regular follower and always interested in your ideas but for the moment i lost every thing in Covid-19, now fighting for the survival when i get handsome amount contact you-regards

[@MilesCobbett]

For singles only ? This reminds me of my Backpackers Adventure Inn Hostel I had in Fairbanks Alaska