??Building Real Wealth & Passive Income??

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Building Real Wealth & Passive Income ?

[00:00:00] What does it actually take to build a successful property business and portfolio and passive income at the back of that? What does it actually take? Now I've shared these in different videos and different segments, but I want to share this. I want to, I want to make sure that this is covered in like a one frame.

The way to build wealth is understanding mega deals, right? Mega deals where you make anywhere between a hundred grand. Up to about a million pound from each deal, right? That what we're talking about profits equity, right? And then you take that money and invest it into a asset like a property asset, tangible asset, which will give you passive income.

And then getting to a point where your passive income is over and above your expenses. And then you invest the extra money into creating more passive income at the back of that. That's how you can make money. [00:01:00] Really build what I call the tangible wealth the proper property wealth And then passive income at the back of that, but how do you really do mega deals, right?

How do you do deals where you're making 100 grand plus from each deal? Um, you know sometimes up to what a million pound plus deal in a single deal. How do you do deals like that? Right now the most profitable deals are when you're adding value now that's either planning game or a development deal or a You Conversion deal or a flip like a single unit refurb major project and or a hotel conversion.

Uh, like I said, commercial to resi conversion. These are what I call the mega deals, right? Where you can actually take one of these deals, right? You could, you could take a property in, let's say, greater London, a detached property. Let's say it's run down, you buy it, 20 percent discounted, they're not very difficult to find on Rightmove, Zooplas, uh, keeping, you know, creating good relationships with [00:02:00] the local agents, right, they're not very difficult to find at the moment, you find something that's run down, 20 25 percent discounted, we do it all day long, you do a, a, a major refurb, you know, back extension,

[00:00:00] Like I said, back extension, side extension, uh. Like you can go into the loft, create another floor or whatever it is that you can do, uh, maybe go all the way back to brick, uh, refurb, which will help you add major, uh, value to the property. You can also do, like I said, a commercial to resi conversion.

There's lots of deals out there these days without changes in planning. And, uh, you know, planning game is the most difficult one, but at the same time, the most profitable, uh, where we actually did a deal on option agreement, investing 20 grand between legal architects and planners. And we ended up making over half a million in profits.

That's the kind of deals that you can do. That's a planning game deal that we did on a large detached house. We ended up taking planning permission for eight units, that's six flats and two semis. Uh, and we ended up making over half a million in profits. Those are the kind of deals that you want to focus on.

We also did a hotel. Where we added value worth over 200 grand and we rented it out on a FRI lease, uh, making about 47 grand net rental passive income and [00:01:00] deals like that. These are mega deals that once you learn how to do them right, then you can go and refinance those deals, pull out most or all of your money out from the deal, and then go and invest it back into another deal.

And this becomes indefinite returns on your money invested. And then you keep doing that till you get to a point where you have enough passive income. Over and above your expenses and then you keep investing that money Um to create more and more and more passive income at the back of that. This is not very difficult to learn Yes, you do need time and and and to invest and some money to invest as well But it's something that you can do is just planning game and understanding value That you couldn't bring into a property project that that's all it is.

And I've shared this in many, many other videos where, you know, you can do a small conversion of a hotel. You can do a, a small conversion to a, to, to small refurb to a property and you can make, you know, add value worth about a hundred grand plus depending on the size of the deal. Uh, [00:02:00] very, very easily. And then you can, you're, you'd be able to refinance that property and maybe put me able to pull out most of the times, maybe to pull out most of your money, if not all of your money, and then you keep doing that and keep reinvesting that money to create more and more passive income for yourself, your strategy needs to be holding on to the asset or not taking an exit, right?

Yes. There are times when you actually kind of do a comparison and selling makes sense, but in most cases, you want to. As much as possible hold on to the asset after adding value and then refinance and then be able to pull out most of your money And then keep rinse and repeat that which will allow you to create real equity And passive income that is rental income at the back of that have an absolutely amazing day.

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