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In this video, Emerald Fisk shares the incredible story of her no-money-down £1 million property deal and provides viewers with her top three tips for achieving similar success in the world of property investing – specifically semi-commercial conversions!
🏢 The Million-Pound Building: Emerald Fisk owns a semi-commercial building worth one-million pounds, generating nearly 100K in gross rent. This remarkable investment was made possible through a joint venture partnership where ZERO initial capital was invested.
💰 Vendor Loan: The journey started when the vendor loaned Emerald Fisk £100,000 for an investor loan and an additional £150,000 to purchase the building, providing the financial leverage needed.
🏠 Refurbishment and Letting: The funds were used to refurbish the property and convert the upstairs into a five-bed HMO. Afterward, she refinanced and repeated the process next door, maximising the property’s potential.
🏬 Additional Income Streams: An office space within the building was converted into flats, taking advantage of permitted development rights. The building now houses three flats, providing additional rental income.
💼 Office Space: There’s an office space out the back, which was initially rented to someone. However, Emerald now uses it as her own office space.
💷 Cost Breakdown: The building was purchased for £500,000, with approximately £250,000 spent on refurbishments and using investors’ funds. They paid about 10% interest on the borrowed money.
💸 Rent Roll: The property’s rent roll now stands at £90,000 annually, comfortably covering interest payments.
🤝 Networking and Financing: The key to this success was networking. A casual coffee meeting led to negotiations and raising finance, which was essential for this venture.
🏗️ Future Plans: Emerald Fisk’s plan for this property is to hold it in her portfolio, as property values tend to appreciate over time. She expects the rents to increase, providing a steady income stream.
🏆 Top 3 Tips for Success 🏆
📚 Get Educated: Start by downloading the guide in the description and explore various no-money-down deal strategies. Reading books like “Multiple Streams of Property Income” by Rob Moore and Mark Homer is highly recommended.
🤝 Network Aggressively: Networking is crucial to finding deals, raising finance, and identifying potential joint venture partners. You can network anywhere, from property events to your local gym!
🧠 Shift Your Mindset: To succeed, you must believe in yourself. Find an accountability buddy or mentor who can encourage the confidence needed to get started and grow in the world of property investing.
#buytoletinvestment #commercialconversions #construction #propertydevelopment #financialfreedom #wealthbuilding #jointventure #landlords #privatelandlords #UKPropertyInvestment #ProgressiveProperty
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Want to get into the property game but not sure which mortgage fits you? Check out Emerald mortgage breakdown here ▶️ https://youtu.be/ch5s5Goa56o
0:00 £1,000,000 DEAL
0:15 Breakdown of the Deal
1:20 The NUMBERS
1:51 HOW Did This Happen?
2:35 How YOU Can Do This Too
4:22 Stay Tuned!
Want to hear more of Emerald’s invaluable insights? Hear what advice she has to give about one of our viewer’s current properties ▶️ https://www.youtube.com/watch?v=RM0wYwxsNVc
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