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.😊😊
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?
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?
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
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.
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: ruclips.net/video/3n5qmBEegNM/видео.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!:)
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 :)
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?
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.
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!
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
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?
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.
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
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?
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
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.
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
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
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.
Nicely done! Great to see and great to see you are setting a great example that real estate investing is possible to ultimate freedom!
"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.
Hey did you buy this in the end and flip, if so how did the numbers stack up?
Appreciate you more, the more I watch. Thanks for your sharing details
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?
Ahmed Khan, great guy and full of inspiration 🎉
Lool This is just an advert for lendlord
Incredible tool, thank you for sharing! Flipper in the UK
Underrated Golden Gem
Appreciate that!:)
Bro can you add the us dollar sign
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?
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
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.
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: ruclips.net/video/3n5qmBEegNM/видео.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!:)
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 :)
Are you allowed to move kitchen around and change layout as leaseholder?
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?
Bathrooms are one of the biggest money sinks (if you do a proper rebuild that is)
Which system so you use to calculate your property flips, cash investments and loan costs?😊
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?
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.
Hello Ahmed. You are truly giving unbelievable value. I've shared your videos with friends and family. God bless you
Appreciate this!
Love the bit where you flip the property
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!
Stamp duty says no, you can’t flip it
I Ahmed great content.
Do you have a property seminar in London?
Would your strategy work in a country like Mauritius?
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
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 !
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?
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.
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
Ahmed any idea about House flipping in Dubai? You generally can't redo an apartment and move walls around.
Assalam brother. I know Stevenage i am originally from cambridge not too far. Whats the house prices like in ST these days
High! Lol
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?
I love your videos! Gives me another perspective on how to create income property investing. 👍
Great to hear!
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
The way i subscribed FAST 😂😂
If this was a good deal why didnt you do it and make a video showing the profit?
You have a 73% discount to get the real price, awesome ! :))))
Not really. The retail discount is normally around 50%
Your a star...
What do you think of properties with leasehold or service charge?
I own 5 of them. Absolutely fine
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 :)
So where is results ?
Ahmed you are a g, enough said
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
Uhh can’t avoid plugging in the holding costs 😂
Are you flipping throw a company for tax porposes? I can imagine doing it in your own name wouldent be tax efficient
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?
2000£ for a new kitchen??🤣🤣
You can actually get the cabinets for £700. It’s the appliances which add up
ruined it when you said add spotlights
Talk slower. You don't want to watch??
This video simply didn’t deliver what was expected so I disliked it
What did you expect?
Try to talk a little slower man
Slow down the video
Can you please speak slower 😂😂
Next time 😂
get rid of the clicking please
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!