I just bought a hotel for £1
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- เผยแพร่เมื่อ 17 มิ.ย. 2024
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1. You didn't buy it for £1. You bought an option to buy it. Vastly different.
2. £1m on room revenue per annum is 100pc occupancy. You won't get 100pc occupancy.
This is a solid deal without the clickbait title which just undermines your cred with the viewer.
3. You've agreed to buy it for £2m. That's a lot different to £1.
4. So you need to sell 6500/120 = 54 nights per month which is about 7.5pc occupancy to cover the monthly lease. All sounds doable.
Would be better if you unpacked more of this than than £1 purchase price nonsense.
I think I unpacked it pretty well in the video but appreciate your points ❤️
Ryan I agree with you. I wouldn’t do a course with him like I was going to because he either misled or doesn’t know what buying outright is. Also you never work out based on full occupancy and full price. The max he would get per year is a million IF 365 days a year he had full occupancy, no refunds, no non payers, no damage and at full price. That will never happen so he’s giving bad advice to start.
Add the clickbait example and it sounds v dishonest
I agree. Title is very clickbaity. Once I read your comment I stopped watching.
thank you
This dude is a content creator. He didn’t pay £1. Visit reputable investors to really learn the game.
A. This is not in Cambridge, it's in a plain old village halfway between Cambridge and Huntingdon with pretty poor public transport connections; and B. It's in a designated Conservation Area so you're incredibly unlikely to get planning to build any more houses on that land.
This is Samual when has he ever told the truth
He didn't say he wanted to build more houses he said he plans to turn it into managed accomodation - in other words let the rooms out..
All of the above and also good luck with the repair costs on any listed building, just the windows will set you back by tens of thousands of pounds.
Misleading headline. You bought an OPTION to purchase which is vastly different to "I bought a hotel for £1".
No hotel or serviced accommodation in the UK or anywhere else for that matter has anywhere near a 100% occupancy rate.
50% - 60% would be a more realistic figure and even that would be hoping for the best. After costs - refurbishment, business rates, taxes, utilities, maintenance, cleaning, security, management fees and accountancy fees at a 60% occupancy and based on your own room rates the figures are more likely the following. Gross turnover £600,000 at 60% occupancy minus all the above at around £150,000 = net profit of ££450,000 before corporation tax. Finally, what happens in the winter months?? Who visits Cambridge then?? Even Cambridge students relatives who visit prefer coming in the British summer time not in winter.
a net profit of 450,000 would be a great success.
I know you know this but I will say it. Once you have this running as a successful serviced accommodation, you could basically have the property evaluated and potentially get a commercial loan big enough to pay the Chinese, then use the cashflow to pay off the loan over a few years and basically own the thing 5 years from now. Love it!!
Wow, that's a Rothchild move, man. 😅😅
First rule of business is to keep your business close to your chest . Why would you want to create competitors ???. All those so called property experts are not experts . Why are they making TH-cam videos ???. You know they are talking rubbish when they do not talk about running costs and also depreciation !!!. Punching numbers into a calculator is not business !!!. Anyone can make ludicrous forecasts !!. Due to running costs all these type of hotels and care homes are struggling !!!. Wait till you get the heating bill for that place , you eyeballs will pop out !!
Let me explain why they do it:
1. By teaching others, they reinforce their own learning and sometimes gain new ideas.
2. Often, their primary motivation is not money but the desire to be admired and to attain celebrity status. Their ego needs this. They need to feel special.
3. They do generate good income from their courses, but again, it's not just about the money. It’s about their ego and the need to be admired and feel special.
4. Frequently, these individuals don’t need the money. They do it for the satisfaction of helping others and, again, to feel admired and special. The financial aspect is secondary.
what an exciting project! huge potential. I would add a small kids playground and keep some rooms family friendly (bunk beds, cute decor). you can also put glamping pods on the land and a big events tent for weddings. the wedding guests can stay at the hotel. it would be more work and you woukd require some staff but potential for income is massive. can't wait for academy events there! congrats on completing on this deal!
I live in the village of Willingham nearly all my life, this property has been a care home, many memories of family who lived out their lives there in what once was a beautiful setting. The gardens were very well kept and stunning. It would be lovely to see this beautiful building back to what it should be and look like. Why not make it a desirable wedding venue also, this is a village, 10+ miles FROM the CITY of Cambridge, we have had too much development in this village, what a shame it would be to build more in that , what could be a beautiful garden, so much potential for other purposes. It would be a shame to spoil. I’m sure many villagers would be happy to see it being used in a business way but please think about the people who already live here, local jobs are always needed. Surely some staff will be needed ? I’ve seem many ventures tried in this building over the last years , before covid it was thriving and local resources were used.
Totally agree with you. Thank you for feedback which is very much appreciated. We are working on the gardens as we speak
To get the million would have to be at 100% capacity every day of the year.
Even £750k would be 75%full capacity, even that I think your airing on the side of optimism.
Would you be legible for development finance on a lease option agreement?
Wow, absolutely amazing, well done. I look forward to seeing the refurbished hotel.
Much preferred this style. Looking forward to more
Congratulations Samuel Leeds 👏😃🎊
Looking good. Can’t wait to see the end result once the refurbishment is completed.
What happened to the castle in bewdley?
It was purchased at auction by Samual Leeds and his brother for £810,000 via their Ltd company Samual Leeds Ltd after the initial winning bidder pulled out.
They estimated the restoration at one million. That proved to be a huge underestimate due to the buildings dilapidated condition. The budget has since increased to two million. Renovation works was suspended during covid but has since restarted.
Excellent video, great explanation
what's the regulations for health and safety if there are no staff, eg. a fire or gas leak, would there not have to be someone in the premises? love your vids they have helped me a lot and cant wait to get started in property!!!
Always love your video’s very inspiring. I would be interested to see a breakdown of cost to get this up and running as I think 100k is unrealistic.
Awesome deal well done to you and Amanda 🤩
Amazing property and gardens, great deal!
Brilliant deal, calculations may be a bit optimistic (considering they’re based on a 100% occupancy rate, 365 days a year) but it’s the bigger picture with a deal like this. An old period hotel, with land and pre existing properties with potential to develop more.
Thought the same but he also caveated that excludes all the other revenue generation from the property - and then also that 75% of that initial figure is also still a strong investment. I’m sure his actual investment calcs are a lot more thorough than that lol, but a decent enough way to keep it high level for the everyday watcher.
@@logik99 agreed
do you start here or somthing smaller and easier to get started?
Thanks for sharing, shared.
Rented, Privately here since, 2003.
Looks a Good Deal,..Congratulations.
Great video and a great deal!
I thought this was going to be his ozempic coming out video!
Hi Samuel despite me having disability you inspire me a lot and you make me think anything is possible I’m really interested in finding more about how you structured this deal and how did you find this deal it sounds amazing thanks Raees
Sam knows his stuff. Well done.
He doesn’t at all.I wouldn’t do a course with him like I was going to because he either misled or doesn’t know what buying outright is. Also you never work out based on full occupancy and full price. The max he would get per year is a million IF 365 days a year he had full occupancy, no refunds, no non payers, no damage and at full price. That will never happen so he’s giving bad advice to start.
Add the clickbait example and it sounds v dishonest
@@maisymorris7506 Fair comment
Miss leading video he didn’t just pay £1 for property. #too good to be true
I thought serviced accommodation units are normally self-contained with their own kitchen?
When I saw the title, I thought it would already have a first mortgage of 1.5 million. But it is an option and monthly leasing cost.
Yes, despite what the other comments say, he could get close to a million in revenue but the initial costs might be bigger than he thinks and for that size--he will need some staff, if only to hoover the halls and cut the grass. And it will take more time+ effort to manage it. Still, it could work. And with inflation---that 2 million in ten years is equal to 750,000 now. So he did get a deal.
Commercial real estate in the UK is super cheap.
We're moving in Samuel! 😅.. Well done 🎉
Man hit the jackpot on this one
This same guy who Alan sugar cancelled
How did you find this great deal?
Looks like a nice intimate place. Do you own any hotels in the states? Where you are located are you required to pay prooerty taxes?
What do you estimate the full refurbishment costs to be? 100,000 seems low and cannot include those buildings at the back?
A million quid per year from a hotel in Willingham… come oooooon. With 26 beds that means each bed needs to be making £38kPA (nightly rate £105 at 100% occupancy) 😅 LOA is cool but why inflate the figures so much
I just imagine myself in 1 joint venture deal with a profit like this. So many people will be blessed through me.
Welldone.
Did u pay upfront the £6,500 or more + need proof of funds?
As the rooms aren’t fully finished yet.
But Fantastic deal. Is this ur best investment yet.
Damn, that's 20 minutes from my house!!
Would love to know how you find properties like this
Pay a few thousand pounds for one of Samual Leeds property courses and you might find out alternatively search on TH-cam for free.
Let me know if you want a quote for the tree surgery work? Better still, get two quotes and I will better them. You would have to provide accomodation for two men. Gavin
How did you find that rent to rent deal on a hotel
He didn't he's having his sucker followers on again. Castle last week, big hotel this week. He's a bullshyster and a god awfully obvious one.
So you dinted buy it for a pound
What rent are you paying?
Samuel, why don't you post the track record of the performance of this project? Gross Revenue, Expenses, Rent Paid, Net Revenue. Monthly?
Too many hastily dismiss the the tax burden operating a business of this type…
I want to see this property refurbished
He put £1 down but fails to tell me how he will finance the refurb.
Easy Peasy. You see that whiteboard in the main room. Imagine 30 to 40 "hopeful property investors" lured there by a FREE Samual Leeds property course. Following a "basic" introduction to property investment to wet one's appetite you are then "persuaded" into paying thousands for "inside" information. My advice. Yes sure, go to the FREE event but LEAVE your debit and credit cards at home. How do I know this?? My own son was hooked and parted with a few thousand only to realise the "information" is freely available on TH-cam.
Phenomenal deal
The best salesman, act like buyers 🤷♂️
£1 option to buy, but how much are you leasing it for a month?
6,500
what many don't realize is that Samuel is offering gold nuggets of advice , yes it needed a lot of patience but look at the result. This should motivate you people and be happy for him ! He is showing to you how to do it so stop critique him and start doing !
Yea great. So you don't care about all the people who will risk their life savings and kids futures because they get motivated and just jump in head first into an investment with the wrong information and lose everything!?
He's a con artist.
You inspire me a lot Leeds
I think turning the hotel into student accommodation would also be a great bet.
It is not located near Cambridge University if that is what you are thinking
@@stevenhull5025 ahhh okay, thank you for telling me.
So you so you didn’t BUY a hotel for a pound then did you????? I was going to do a few courses with you but as you don’t tell the truth I will give it a miss
My son paid thousands after attending a supposedly FREE course. He was then "coerced" into paying for an expensive course. All the information which he paid thousands for is freely available on TH-cam .
Hi good afternoon, I've been watching You're TH-cam channel for some time and would like to try it out see if it's for me
if someone had 20k to invest in property what would be a good starting point ?
Head to an area where you are able to obtain a high ROI. Purchase two properties at £45,000 each on an interest only with 20% cash deposits.
PER PROPERTY.
Purchase: £45,000
Deposit: £9,000
Fees: £1,000
Outlay: £10,000
Expected rental £350 - £400 gross per month. Initial cash outlay returned within 24 to 36 months.
xxxx Be prepared to roll your sleeves up as property bought at the above price may need cosmetic surgery for rental purposes.xxxx
right now---Im looking at four shops in a bustling Lincolnshire town and two in Rhyl.
Yes, a bit run down but all are tenanted at 4 to 8,000 a year each, and all have an asking price of 20,000 to 25,000 each.
What happened to your castle?
Still under renovation with costs climbing towards TWO million after Samual initially estimated ONE million.
I can’t wait to go to the crash courses I’ve booked with you
I’ve always paid for courses however I’m currently posted abroad with the military would you say it’s better to wait till I’m back in the uk from August or go through the courses now even though I’m abroad and can’t do house viewings or anything ?
I wouldn't bother at all pal. The courses are all crap. I know a few people who have been scammed by these property courses. They just tell you to borrow money from friends and family and "angel investors" you only make money in property if you already have enough money.
If you go to a FREE course KEEP your credit and debit cards at home. You will be UP SELLED to an expensive course as what happened to my own son.
There seems to be a lot of negativity here but the way I look at it if I pay for these courses and I follow the advice I’m given and nothing comes of it then I’ve spent money but learnt a lesson so even then it wouldn’t be a waste there are winners on a Wednesday he does so it clearly works for some people… and I’m certainly more knowledgeable now after listening to things he’s said read his and other people’s books so the money I’ve spent isn’t a waste as I’ve managed to use it to invest within my own education
@@casperkyle95 it's not as simple as just "nothing coming from it" some people have lost everything and their families savings listening to these con artists.
My brother's a successful property investor and I have worked with him. You can't start investing in property without a lot of money so the first thing these courses teach is how to get yourself into massive debt!
Your facts are incorrect. Premier inn own around 50% freehold of there buildings. They are not leasing 95% of their hotels.
Yes because they use lease to buy. The initially leased 95% but exercise their option to buy, just like I’m doing
I have £2
Just watched the full video, this is CLICK BAIT!!! AVOID.
You did not buy this. You do not own this, you are a liar.
24rooms fully booked 365 days a year to reach a target revenue 1.000.000! Is this realistic?! 😂
I’d take £500k tbh
@@SamuelLeeds stay humble , love it
what i want to see is the part where you try to get contractors in to do work to get it to a rentable status and also a brake down of how much it cost and how to obtain money to do this?
The "castle" his company bought at auction for £810,000 was initially suppose to cost an estimated one million for renovation works. That figure has now been revised at two million.
@@stevenhull5025 its the usaul with these things quote 1 and garunteed to be 3
nonsense
So in first 2 mins you say you bought it for a pound but then you say you are going to tell us what you paid….if you didn’t pay a pound I’m unsubscribing as I’m fed up of misleading titles….if you bought for a pound then i apologise
He paid a £1 as an "option to buy". The property does not "cost" anywhere near a pound. Yes. The title is very misleading.
You lost a lot of weight man. Hope the stress isn’t getting to you.
Please make it a Zimbabwean Boarding School.
How about a hospital for civilians from Gaza??