I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes...
"To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis." - Robert Kiyosaki. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already,earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made..
I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in.I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.?
Personally, I work with Regina Louise Collaro, an investment advisor who collaborates with a licensed wealth management firm. I must say that my financial journey has been exceptional under her guidance. Regina is widely recognized for her excellent services, so you may already be familiar with her. Thanks to her expertise, I have achieved financial stability and now earn a consistent monthly income through her passive income strategy. I highly recommend finding a reputable investment advisor for yourself
I value your recommendations. It's challenging to locate a trustworthy person. I could really use your investment advisor after seeing how much money you've made through investing. If you don't mind revealing her information, that is.
She is easy to find , make a quick research of her on the internet with her name Regina Louise Collaro and leave her a message. I believe she works with anyone independent of their location.
You are correct , I am only one of many who gained from working with Regina Louise Collaro. I had no reason to live when I lost my job due to COVID in 2020, and it will always be a memorable year in my life. Regina made it possible for me to live comfortably through passive income, thus I owe her my life. To be completely honest, I think she is an angel who was sent to help those who are struggling financially.😊😊
We love those people who turn already tiny places into even smaller places and rip people off in the meantime. Making money at all cost. There is no blessing in that money.
So you want to have access to the "2nd bedroom" through the first? Not really most conventional, as a purchaser im not sure it would be the most attractive.
That's a great video! Have you ever come across a property build on a inert landfill (not waste one)? Do you think would be difficult to sell after due to this being highlighted on the solicitor searches?
do you need planning permission to change the kitchen position and it seems also a wall? Do you know roughly speaking the timeline for getting planning permission? 6 months?
I'm currently studying Architectural Technology. What should i do if i wish to become a developer and eventually own a business? Would i earn well in the field?
Hi love your content and am subscribed! is there a minimum sq mtrs that I need to convert form a 1 bed to a 2 bed, other than all the other criteria, many thanks
Hey Ahmed, with the main comp being c. £4.1k per square metre and the subject property actually being more at c. £4.3k per square metre, surely this is a non starter? I appreciate there are fewer units in the Victorian property but overall the other building looks in better condition and doesn't require the refurb or rearrangement. Am I missing something?
Good point, the subject property would need to be bought a lot cheaper to make a decent profit in my opinion. The comp also had two bathroom's which the subject didn't have the sqm or budget for.
Hey, these are valid points but you'd also have to look at the desirability of the buildings. The subject property had 3 flats, which is more desirable and it has parking outside - I'm not sure about the parking status of the comp. Also I said it should be valued at £240k ish, discounting some size difference. The comparables were a rough estimate for the sake of this quick video. I have a long 1-hour video which explains my approach in a lot more detail which you can check here: th-cam.com/video/3n5qmBEegNM/w-d-xo.html But I understand where you're coming from and in future videos I'll try to be more detailed even if it's a quick video so thanks for the comment!:)
Ahmed, is there a minimum overall square metre footprint i must have to convert a 1 bedroom to 2 bed flat in london, or a 2 bed house to 3 bed house in london?
The smallest one-bedroom property that I’ve converted into a two-bedroom was around 42sqm. The size is important but at the same time, sometimes you get bigger properties but they have too much wasted spaces with huge hallways or lots of small cupboards. So keep in mind the size but also the layout and how the space is actually used.
at 14 I think you should focus more on a skill that you can monetise rather than property as you have time to get really good and make money etc - later you can invest that money into property in my personal opinion
Great video and work explaining the steps to go through. A quick side on the valuation step: The property used to compare was not suitable for a few reasons. - Two bathrooms vs one. - Floorplan was larger ~14sqm - A seperate kitchen dining space vs combined w/ changes to the investment property. For these reasons you would likely struggle to get to a $240-250k valuation. Something for folks to keep in mind if doing a similar analysis. A tip for people at home would be to get a professional valuer opinion if there is little to no recent comparable sales data (not a real estate sales agent) In my opinion the flat at $190k would have to be bought considerably cheaper to add the required value. However I like the idea of turning it into a two bedroom! Overall great video.
Hey, I've addressed this comment below on another comment. I actually have a smaller 40sqm 1-bed down the road from the subject property which does comes with a garden as well, and that was valued at £250k as part of a block, not even on an individual basis so I do think a 2 bed which is 50sqm can achieve £250k. In all fairness, your comment isn't wrong and i should've shown more comps to come up with a decision but it was a quick video and i didnt want to drag out the comps but thanks for bringing this up so people can learn :)
Great video thank you. Interms of checking the minimum room sizes how do you go from about when searching properties to have that information at hand to see that it will work. I'm looking at 2 bed houses say, want to turn into 3 bed. Is it a case of checking the local council site to check that say 80 sqm property we can recreate the space for a 3 bed or there's more to it?
Best solution is to find cash and start property investment business. In a property business, you need cash to start and long-term planning. You use the rental income as wages and leave the asset for your children. In this way, everyone is a winner. This plan does not include borrowing money to buy and let. This will not be yours, and eventually the bank will take it when rent will not cover the monthly mortgage.
Always good to see your videos Ahmed, keep it up! I'm a huge fan of your video 🙋♂ Btw, Do you guys need a video editor and youtube growth strategist who works specifically with guaranteed results in terms of increased viewers, retention, or CTR on your videos? May I send you a previous work sample?
Insightful 3 things I learned lenlord which I can’t see your affiliate link ? The LNPG and the niche of creating extra bedroom to add value, I’d like to do that on a bigger scale 3 bed house into a 5 bed and make a £150k+ uplift , I’d rather do that once than try and achieve that in 5 projects … is that possible if so what areas and what type of properties would you suggest?
I really do like your content, always very interesting and informative even though I have no immediate plans for property investing. But y are some of your videos, so so so very long would not be better to turn them into a playlist or series kind of thing of less than an hour. Just to mention I do live in Stevenage no reason I mention
Your professional as see something good in all property My mum and dad died and people criticised their home except me I understand they did not renovate but by holding on to it for 14 months after dad died got 53 k profit and will sell it soon and will start fresh every property has potential
A good lesson for people watching is. Given this videos date, it is likely that this property would be sitting unsold in the market, the mortgage revaluation might well be short of what's needed. If a mortgage wasn't possible, then the bridging loan would consume the deposit in time. This strategy works in a climbing market. Not the declining market we are in now. You need far deeper discounts on purchase.
As this property is a leasehold, you’ll need freeholder consent to do such a conversion. You’ll need what is called a: License to Alter before you start work. This is costly because you will have to pay freeholder legal fees and your legal fees, plus architectural floor plans, and adhere to any demands from the freeholder, plus building consent too. Your 10k budget won’t go very far!
We want to see a video of how to make money from property without getting involved in interest whatsoever. A video explaining how to make money from property by buying it out right, renovating and flipping it etc. Do this for the Muslims who can’t get involved in riba
Hi, Ahmed thanks for posting your videos and sharing your experiences with the world, after watching your 7 hrs SA course, I actually started renting 2 flat and listed it on Airbnb at moment I'm in the process of a second property I need a mentor I would be grateful to hear from you thanks Pricilla.
So it is actually 12 square meters smaller and that is 20% less bigger. So your flat would be worth £200,000 if that was 250,000 . It is all done on space. Are you really an expert?
Your videos have got me interested in taking action in property investment. I’ve already started looking at properties on Rightmove but will love to get your mentorship. I will be in touch on the email you shared here. Keep up the good work.
Here's 4 free property courses I've made totalling over 32-hours of property knowledge: www.ahmed-khan.com/free-courses
Thank you
Successful people dont sell you "how to" only charlatans do
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes...
@@Elliot-Ivan That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@Freddie-09 My advisor is VICTORIA CARMEN SANTAELLA
You can look her up online
Nah I Can't say I can relate, VICTORIA CARMEN SANTAELLA charge is one-off and pretty reasonable when compared to what I benefit in returns.
"To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis." - Robert Kiyosaki. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already,earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made..
I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in.I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.?
Personally, I work with Regina Louise Collaro, an investment advisor who collaborates with a licensed wealth management firm. I must say that my financial journey has been exceptional under her guidance. Regina is widely recognized for her excellent services, so you may already be familiar with her. Thanks to her expertise, I have achieved financial stability and now earn a consistent monthly income through her passive income strategy. I highly recommend finding a reputable investment advisor for yourself
I value your recommendations. It's challenging to locate a trustworthy person. I could really use your investment advisor after seeing how much money you've made through investing. If you don't mind revealing her information, that is.
She is easy to find , make a quick research of her on the internet with her name Regina Louise Collaro and leave her a message. I believe she works with anyone independent of their location.
You are correct , I am only one of many who gained from working with Regina Louise Collaro. I had no reason to live when I lost my job due to COVID in 2020, and it will always be a memorable year in my life. Regina made it possible for me to live comfortably through passive income, thus I owe her my life. To be completely honest, I think she is an angel who was sent to help those who are struggling financially.😊😊
The best way to do this is to do most of the renovation work yourself and create nice and modern open-plan kitchen lounges.
We love those people who turn already tiny places into even smaller places and rip people off in the meantime. Making money at all cost. There is no blessing in that money.
Hey did you buy this in the end and flip, if so how did the numbers stack up?
Nicely done! Great to see and great to see you are setting a great example that real estate investing is possible to ultimate freedom!
So you want to have access to the "2nd bedroom" through the first? Not really most conventional, as a purchaser im not sure it would be the most attractive.
Underrated Golden Gem
Appreciate that!:)
Bro can you add the us dollar sign
Lool This is just an advert for lendlord
Ahmed Khan, great guy and full of inspiration 🎉
Appreciate you more, the more I watch. Thanks for your sharing details
That's a great video! Have you ever come across a property build on a inert landfill (not waste one)? Do you think would be difficult to sell after due to this being highlighted on the solicitor searches?
Hmm I’ve never done that so hard to say tbh!
do you need planning permission to change the kitchen position and it seems also a wall? Do you know roughly speaking the timeline for getting planning permission? 6 months?
@TheAhmedKhan how do you know you’ll get planning permission approved to add a bedroom before buying the property?
You don’t need planning :)
Are you allowed to move kitchen around and change layout as leaseholder?
I have done a fair few of these. Imo it only works if you do some of the work yourself ie you are a competent builder.
I'm currently studying Architectural Technology. What should i do if i wish to become a developer and eventually own a business? Would i earn well in the field?
Hi love your content and am subscribed! is there a minimum sq mtrs that I need to convert form a 1 bed to a 2 bed, other than all the other criteria, many thanks
Hey Ahmed, with the main comp being c. £4.1k per square metre and the subject property actually being more at c. £4.3k per square metre, surely this is a non starter? I appreciate there are fewer units in the Victorian property but overall the other building looks in better condition and doesn't require the refurb or rearrangement. Am I missing something?
Good point, the subject property would need to be bought a lot cheaper to make a decent profit in my opinion.
The comp also had two bathroom's which the subject didn't have the sqm or budget for.
Hey, these are valid points but you'd also have to look at the desirability of the buildings. The subject property had 3 flats, which is more desirable and it has parking outside - I'm not sure about the parking status of the comp. Also I said it should be valued at £240k ish, discounting some size difference. The comparables were a rough estimate for the sake of this quick video. I have a long 1-hour video which explains my approach in a lot more detail which you can check here: th-cam.com/video/3n5qmBEegNM/w-d-xo.html
But I understand where you're coming from and in future videos I'll try to be more detailed even if it's a quick video so thanks for the comment!:)
Ahmed, is there a minimum overall square metre footprint i must have to convert a 1 bedroom to 2 bed flat in london, or a 2 bed house to 3 bed house in london?
The smallest one-bedroom property that I’ve converted into a two-bedroom was around 42sqm. The size is important but at the same time, sometimes you get bigger properties but they have too much wasted spaces with huge hallways or lots of small cupboards. So keep in mind the size but also the layout and how the space is actually used.
Incredible tool, thank you for sharing! Flipper in the UK
Can I buy a old damage home and buy with Bridge finance ?
yes
Yes you can. That’s what we all do.
@@dess1553 can you please give bit details how does it work
Yes!
@@zeemughal2942
Go and see a financial advisor, or you can often get some information at a bank for free !
how should i start doing something like this?, i am 14
at 14 I think you should focus more on a skill that you can monetise rather than property as you have time to get really good and make money etc - later you can invest that money into property in my personal opinion
Great video and work explaining the steps to go through.
A quick side on the valuation step:
The property used to compare was not suitable for a few reasons.
- Two bathrooms vs one.
- Floorplan was larger ~14sqm
- A seperate kitchen dining space vs combined w/ changes to the investment property.
For these reasons you would likely struggle to get to a $240-250k valuation. Something for folks to keep in mind if doing a similar analysis.
A tip for people at home would be to get a professional valuer opinion if there is little to no recent comparable sales data (not a real estate sales agent)
In my opinion the flat at $190k would have to be bought considerably cheaper to add the required value. However I like the idea of turning it into a two bedroom! Overall great video.
Hey, I've addressed this comment below on another comment.
I actually have a smaller 40sqm 1-bed down the road from the subject property which does comes with a garden as well, and that was valued at £250k as part of a block, not even on an individual basis so I do think a 2 bed which is 50sqm can achieve £250k.
In all fairness, your comment isn't wrong and i should've shown more comps to come up with a decision but it was a quick video and i didnt want to drag out the comps but thanks for bringing this up so people can learn :)
The way i subscribed FAST 😂😂
Great video thank you. Interms of checking the minimum room sizes how do you go from about when searching properties to have that information at hand to see that it will work. I'm looking at 2 bed houses say, want to turn into 3 bed. Is it a case of checking the local council site to check that say 80 sqm property we can recreate the space for a 3 bed or there's more to it?
Bathrooms are one of the biggest money sinks (if you do a proper rebuild that is)
Best solution is to find cash and start property investment business.
In a property business, you need cash to start and long-term planning. You use the rental income as wages and leave the asset for your children. In this way, everyone is a winner. This plan does not include borrowing money to buy and let. This will not be yours, and eventually the bank will take it when rent will not cover the monthly mortgage.
Always good to see your videos Ahmed, keep it up!
I'm a huge fan of your video 🙋♂
Btw, Do you guys need a video editor and youtube growth strategist who works specifically with guaranteed results in terms of increased viewers, retention, or CTR on your videos?
May I send you a previous work sample?
Assalam brother. I know Stevenage i am originally from cambridge not too far. Whats the house prices like in ST these days
High! Lol
Which system so you use to calculate your property flips, cash investments and loan costs?😊
Love the bit where you flip the property
Stamp duty says no, you can’t flip it
Insightful 3 things I learned lenlord which I can’t see your affiliate link ? The LNPG and the niche of creating extra bedroom to add value, I’d like to do that on a bigger scale 3 bed house into a 5 bed and make a £150k+ uplift , I’d rather do that once than try and achieve that in 5 projects … is that possible if so what areas and what type of properties would you suggest?
Your a star...
How do you estimate labour costs
was wondering the same thing, i guess after many years in the game u can get a decent idea of what it would be
What do you think of properties with leasehold or service charge?
I own 5 of them. Absolutely fine
Hello Ahmed. You are truly giving unbelievable value. I've shared your videos with friends and family. God bless you
Appreciate this!
I Ahmed great content.
Do you have a property seminar in London?
Would your strategy work in a country like Mauritius?
This would not be allowed to be sold as a two bed once converted cause it does not meet the 60sqm space standard. As it’s only 50 sqm.. 😅
That’s only for new builds and if something needs planning permission
@@ThatAhmedKhan Hello Ahmed, do you not need planning permission from council to convert a 1 bet flat in a Victorian building to 2 bed flat?
Ahmed any idea about House flipping in Dubai? You generally can't redo an apartment and move walls around.
If this was a good deal why didnt you do it and make a video showing the profit?
Ahmed you are a g, enough said
I love your videos! Gives me another perspective on how to create income property investing. 👍
Great to hear!
You have a 73% discount to get the real price, awesome ! :))))
Not really. The retail discount is normally around 50%
So where is results ?
I really do like your content, always very interesting and informative even though I have no immediate plans for property investing. But y are some of your videos, so so so very long would not be better to turn them into a playlist or series kind of thing of less than an hour.
Just to mention I do live in Stevenage no reason I mention
Your professional as see something good in all property
My mum and dad died and people criticised their home except me I understand they did not renovate but by holding on to it for 14 months after dad died got 53 k profit and will sell it soon and will start fresh every property has potential
Uhh can’t avoid plugging in the holding costs 😂
A good lesson for people watching is. Given this videos date, it is likely that this property would be sitting unsold in the market, the mortgage revaluation might well be short of what's needed. If a mortgage wasn't possible, then the bridging loan would consume the deposit in time.
This strategy works in a climbing market. Not the declining market we are in now. You need far deeper discounts on purchase.
As this property is a leasehold, you’ll need freeholder consent to do such a conversion. You’ll need what is called a: License to Alter before you start work. This is costly because you will have to pay freeholder legal fees and your legal fees, plus architectural floor plans, and adhere to any demands from the freeholder, plus building consent too. Your 10k budget won’t go very far!
2000£ for a new kitchen??🤣🤣
You can actually get the cabinets for £700. It’s the appliances which add up
We want to see a video of how to make money from property without getting involved in interest whatsoever.
A video explaining how to make money from property by buying it out right, renovating and flipping it etc.
Do this for the Muslims who can’t get involved in riba
It's in the works:)
@@ThatAhmedKhandid you manage to do it brother?
Are you flipping throw a company for tax porposes? I can imagine doing it in your own name wouldent be tax efficient
Hi, Ahmed thanks for posting your videos and sharing your experiences with the world, after watching your 7 hrs SA course, I actually started renting 2 flat and listed it on Airbnb at moment I'm in the process of a second property I need a mentor I would be grateful to hear from you thanks Pricilla.
Hey, niceeee! Hope that's going well! email me on contact@ahmed-khan.com and we can discuss :)
ruined it when you said add spotlights
Talk slower. You don't want to watch??
Try to talk a little slower man
Slow down the video
This video simply didn’t deliver what was expected so I disliked it
What did you expect?
Can you please speak slower 😂😂
Next time 😂
get rid of the clicking please
So it is actually 12 square meters smaller and that is 20% less bigger. So your flat would be worth £200,000 if that was 250,000 . It is all done on space. Are you really an expert?
Crap didn’t do the flip loool just done a maths figure on an app
Your videos have got me interested in taking action in property investment. I’ve already started looking at properties on Rightmove but will love to get your mentorship. I will be in touch on the email you shared here. Keep up the good work.
Wow! Yes, go for it!