How to make £35K per year from a £140K investment | South Wales Property Investing
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- เผยแพร่เมื่อ 8 ก.ย. 2024
- My mentee Rob just bought an incredible deal!
Rob bought this third project in Neath for £90,000.
He is hoping to spend around £40,000 on the refurbishment.
The GDV should be a whopping £230,000.
Rob could be looking at an insane ROI on this project.
Not only that, but Rob is planning to put this property on Airbnb.
Rob has projected that this property could potentially bring him £30K+ in revenue every year.
So, with this one investment, Rob could be looking at an all money out deal, plus a cash flow of £30,000 per year.
Watch the video to see Rob with his latest project.
Rob only joined my mentorship program less than 12 months ago and he's already on his second project since joining.
If you want to get started in property investment, you can apply for mentorship by clicking the link below.
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#propertyinvestors #propertydevelopment #southwalesproperty
Sounds like an awesome project!
You keep getting mixed up with revenue and profit. £30k revenue might be achievable, but by the time you take out OTA fees (c.16%), Management fees (c.20%), cleaning fees (c.£100 per changeover), utilities (c.£5k p.a.) and then Council Tax at double or triple rate because it's an SA in Wales until you hit 182 nights occupied / 252 advertised, and then mortgage costs once you've pulled the money back out (which you won't be able to offset mortgage interest costs against income for tax from Apr '25) , then you'll be lucky to break-even. Also, hot tubs are a nightmare complying with HSG282. I've got 3 holiday lets in Wales (centre of Cardiff), and it's only because I'm very hands-on doing all the management, cleaning, maintenance, etc myself that I'm able to turn a profit.
Oh joy, another Air B&B........
don't fprget capital gains tax when you come to sell the property
He will be refinancing I believe, and listing on Airbnb!