🎯 UpLevel your Property Portfolio with Commercial Property! Learn how to find, research, analyse, buy and manage Commercial Property to maximise your cash flow with the least amount of risk and lowest amount of aggravation to achieve financial freedom sooner. 👉 bit.ly/PIWuplevel 🎯
I have a commercial warehouse similar to this, I use half of it for my company and rent out the other half and it’s been 2 years but lately they have been paying late talking like 2-3 weeks they are starting to have liquidity issues
Hi, fantastic video and appreciate the advice, its like it was tailor made for me directly to the point that i get offered the same property’s from REi, interestingly they seem to offer the same rough package of red floors, red shutters and all new tenants on 10yrs but rarely a company, mostly an individual, it always seemed too good to be true to me but hadn’t considered them as more of a risk so thats a fantastic warning. Obviously the concern is losing that tenant and being liable for the rates, wonder if you can tell me… if they are exempt from rates does that not follow on to me in any way after the 3month relief? Or as in the no50-no54 (you may have recieved on Wednesday) would i need to pay the 1400 a year rates? This is a concern, especially in that valley area where typically business and spending isnt great
Hi Dan. Yes all those properties are “dressed” the same. The seller is buying like empty larger warehouse splits them up and does a basic clean and paint job. Gets in a tenant (anyone will do) and then offloads it as an investment. There’s probably no due diligence done on the tenant as they want to sell it so they won’t get the agro when they don’t pay. You could be lucky, but there’s probably better deals to be had in better locations even if it means less income but a better tenant. They used to offer them at 10% cap. Now at 8% cap. At 8% there lots better. I’m working with people on sourcing commercial deals, so email me if you need help ( emails in about section).
@@StephenDuncombetv much appreciated, im reluctant to take any of your time as im sure you are busy, i currently own a 14 unit industrial estate but im frankly inexperienced, im about to sell a property and with 200k im looking for something else commercial in the next year or teo. I will email you and make contact and would seriously appreciate the odd bit of advice here and there. In reality wales doesnt really appeal as im in the south east and would prefer to be within an hour of gatwick
@@missionDan how has the venture into commercial property gone? I'm btl landlord, mainly student hmo, looking to expand into commercial property. But very green when it comes to commercial property. I live in the south east too.
hi @@mutton_man, with labour squeezing you even harder than the cons did the residential markets have lost all appeal im sure you agree, and with even less rights for you as a landlord compared to a non paying tenant im sure you want out like many others. for me the appeal of industrial lets is FRI leases (no maintenance responsibility for me) is a serious draw, wviction process is far easier to, but my worry would be having one or two empty units, and liable for rates. spreading that risk across many smaller units gives security over say one large space. but ive had a tenancy rate of probably 98%.
@@StephenDuncombetv thank you, would you not be able to claim for a exception due to the double tax treaty? Is their w form for that? Love your channel 👍🏻
Hi Stephen. I currently rent a shop and run a successful small business in Glasgow. The shop is pretty small, but in a great location. I would like to buy my own commercial property. The problem im facing is, i just cannot find anything for sale online anywhere. I've now been actively looking for the last 2 years.
I’m assuming you’re exaggerating as there’s plenty for sale everywhere 😃. I bought 4 in the last 2 years. If you would like my help send me an email but I do charge a fee.
@StephenDuncombetv I've put myself on your list. Sorry I should have been more specific. I'll be running my business (high end men's grooming) from the premises, so it has to meet certain requirements. Location, parking, footfall etc. Thanks for getting back so promptly.
Hey Stephen, would it not be worth getting a commercial property management company to manage the unit and the tenants, so you could just collect the rent and sit back? or is there a specific reason you manage them yourself?
I did get a management company to look after them! You can never sit back and relax with a management company unless the tenant and lease are right, and then you don’t need a management company.
@@StephenDuncombetv Cheers Stephen appreciate you getting back to me, so basically as long as you do your due diligence and have the right lease in place you can save yourself fees aha
Hi Stephen, I’m accumulating capital to get into commercial property market. I’m also 23 and I’m not sure whether it’s too late to start learning about this. Please can you kindly let me know if it’s worth it to learn and get into this industry, hopefully by the time im 32-33
Hi. It’s never too late. The property market works in cycles along with the global economy. Look back at the property market over the last 50, 20 or even 5 years and you’ll see that owning property has always improved over time. The best thing you can do is start at 23 as you’ve got at least another 50 years to be in the market.
Too late? Lol have you even began anything yet? Maybe 2-4 years into working full time 😂 start by 30 and you have TEN full years to learn your craft by 40!!!
Nope. Nothing to do with being a business owner. You’ll need at least 25% deposit depending on the type of commercial property. Worst case 40% deposit.
I prefer to have larger companies as tenants who make healthy profits each year if it’s an investment so you know they won’t have hopefully issues with cash flow. Individuals tell you they are startups and likely have little cash flow available if they hit a tough time in their business.
It was after the GFC and price per sqft was well under replacement value. The dollar was also low as an exchange rate so my money could buy even more. I was buying debt free or on vendor finance. I already had a property management company in the area I would use to help manage them for me.
I’m sure he just misspoke and was saying $5k per year. He said he had positive cash flow of $1400/month from rental income of $43k per year. If he really had $5K of taxes per year, he’d have a negative cash flow of $1400/month from the taxes alone, not including the seller financed $300k loan
🎯 UpLevel your Property Portfolio with Commercial Property! Learn how to find, research, analyse, buy and manage Commercial Property to maximise your cash flow with the least amount of risk and lowest amount of aggravation to achieve financial freedom sooner.
👉 bit.ly/PIWuplevel 🎯
Thanks for sharing. Yes mom & pop shops are struggling
Very informative video - obvious points made, but very true and helpful to know.
Glad it was helpful!
Great video and great editing mate
Thanks Emmanuel I try hard with the editing and its nice to know it gets appreciated.
Brilliant video as always!
Thanks 😃
Some great advice! Thank you
Glad it was helpful!
very good thank you
Good video!
Great video Thanks
Thanks Richard 👍
I have a commercial warehouse similar to this, I use half of it for my company and rent out the other half and it’s been 2 years but lately they have been paying late talking like 2-3 weeks they are starting to have liquidity issues
Not your problem, get a solicitor to start to get them out, rather be out of pocket for a few months and get somebody that pays on time
Which website lists the flex properties
Wow great video
Thanks for watching 🎬
Surely tenants pay insurance?
What is the smallest unit size for individual tenants that you would consider on a flex warehouse space?
2000 sqft.
Hi, fantastic video and appreciate the advice, its like it was tailor made for me directly to the point that i get offered the same property’s from REi, interestingly they seem to offer the same rough package of red floors, red shutters and all new tenants on 10yrs but rarely a company, mostly an individual, it always seemed too good to be true to me but hadn’t considered them as more of a risk so thats a fantastic warning. Obviously the concern is losing that tenant and being liable for the rates, wonder if you can tell me… if they are exempt from rates does that not follow on to me in any way after the 3month relief? Or as in the no50-no54 (you may have recieved on Wednesday) would i need to pay the 1400 a year rates? This is a concern, especially in that valley area where typically business and spending isnt great
Hi Dan. Yes all those properties are “dressed” the same. The seller is buying like empty larger warehouse splits them up and does a basic clean and paint job. Gets in a tenant (anyone will do) and then offloads it as an investment. There’s probably no due diligence done on the tenant as they want to sell it so they won’t get the agro when they don’t pay. You could be lucky, but there’s probably better deals to be had in better locations even if it means less income but a better tenant. They used to offer them at 10% cap. Now at 8% cap. At 8% there lots better. I’m working with people on sourcing commercial deals, so email me if you need help ( emails in about section).
@@StephenDuncombetv much appreciated, im reluctant to take any of your time as im sure you are busy, i currently own a 14 unit industrial estate but im frankly inexperienced, im about to sell a property and with 200k im looking for something else commercial in the next year or teo. I will email you and make contact and would seriously appreciate the odd bit of advice here and there. In reality wales doesnt really appeal as im in the south east and would prefer to be within an hour of gatwick
@@missionDan how has the venture into commercial property gone? I'm btl landlord, mainly student hmo, looking to expand into commercial property. But very green when it comes to commercial property. I live in the south east too.
hi @@mutton_man, with labour squeezing you even harder than the cons did the residential markets have lost all appeal im sure you agree, and with even less rights for you as a landlord compared to a non paying tenant im sure you want out like many others. for me the appeal of industrial lets is FRI leases (no maintenance responsibility for me) is a serious draw, wviction process is far easier to, but my worry would be having one or two empty units, and liable for rates. spreading that risk across many smaller units gives security over say one large space. but ive had a tenancy rate of probably 98%.
Did you pay any income tax as it is in the US i assume ? And you're resident in the uk? Thanks
You pay tax in the US and claim it under double taxation treaty between the two countries.
@@StephenDuncombetv thank you, would you not be able to claim for a exception due to the double tax treaty? Is their w form for that? Love your channel 👍🏻
Yep you don’t pay tax twice. Your accountant will be able to explain the details.
@@StephenDuncombetv thank you sir
I'd like to know if our JV partner's SIPP can be used to finance a commercial conversion where there's 2 other JV partners . . . can you help?
Best to speak to a SIPP specialist as they know the compliance issues.
I was looking at the same estate in Bargoed Wales.... With the red roller doors. Did you buy a unit there or not? If not, what was your reason?
No for the reason in the video.
@@StephenDuncombetv great reply 👍🙄
Hi Stephen. I currently rent a shop and run a successful small business in Glasgow. The shop is pretty small, but in a great location. I would like to buy my own commercial property. The problem im facing is, i just cannot find anything for sale online anywhere. I've now been actively looking for the last 2 years.
I’m assuming you’re exaggerating as there’s plenty for sale everywhere 😃. I bought 4 in the last 2 years. If you would like my help send me an email but I do charge a fee.
@StephenDuncombetv I've put myself on your list. Sorry I should have been more specific. I'll be running my business (high end men's grooming) from the premises, so it has to meet certain requirements. Location, parking, footfall etc. Thanks for getting back so promptly.
Hey Stephen, would it not be worth getting a commercial property management company to manage the unit and the tenants, so you could just collect the rent and sit back? or is there a specific reason you manage them yourself?
I did get a management company to look after them! You can never sit back and relax with a management company unless the tenant and lease are right, and then you don’t need a management company.
@@StephenDuncombetv Cheers Stephen appreciate you getting back to me, so basically as long as you do your due diligence and have the right lease in place you can save yourself fees aha
Hi Stephen, I’m accumulating capital to get into commercial property market. I’m also 23 and I’m not sure whether it’s too late to start learning about this. Please can you kindly let me know if it’s worth it to learn and get into this industry, hopefully by the time im 32-33
Hi. It’s never too late. The property market works in cycles along with the global economy. Look back at the property market over the last 50, 20 or even 5 years and you’ll see that owning property has always improved over time. The best thing you can do is start at 23 as you’ve got at least another 50 years to be in the market.
Too late? Lol have you even began anything yet? Maybe 2-4 years into working full time 😂 start by 30 and you have TEN full years to learn your craft by 40!!!
@@StephenDuncombetv understood, thank you!
On a salary (ie not a business owner), is it easy to get a commercial mortgage with a 20% deposit?
Nope. Nothing to do with being a business owner. You’ll need at least 25% deposit depending on the type of commercial property. Worst case 40% deposit.
What are the benefits of renting out as a business or an individual? Thanks
I prefer to have larger companies as tenants who make healthy profits each year if it’s an investment so you know they won’t have hopefully issues with cash flow.
Individuals tell you they are startups and likely have little cash flow available if they hit a tough time in their business.
@@StephenDuncombetv Thanks for your reply. As a landlord should I be registered as a business or as myself? Property owned outright. Thanks
It depends on your income level. You should seek professional advice from your accountant who can assist you.
Got a program
I wouldn't buy in the UK and US. I would not buy with a mortgage.
Then you will never own and property lol have fun putting down $350k 😂 good IF you can but 99.9% can’t
@@bendover2425they’re obviously in the .1% who have loads of 💰 😂
What made you buy in the states as your first commercial property?
It was after the GFC and price per sqft was well under replacement value. The dollar was also low as an exchange rate so my money could buy even more. I was buying debt free or on vendor finance. I already had a property management company in the area I would use to help manage them for me.
You were paying 5,000/month for property taxes? Where is this horrible location so that we may all know where to avoid buying?
Most places in Cook County in ILLINOIS w Fritz the CCAO
I’m sure he just misspoke and was saying $5k per year. He said he had positive cash flow of $1400/month from rental income of $43k per year. If he really had $5K of taxes per year, he’d have a negative cash flow of $1400/month from the taxes alone, not including the seller financed $300k loan
Yes they were $5k per year taxes.
👍
If you don't evict them you are a crappy landlord