Challenge My Kids to Flip Property | House Flipping UK | Saj Hussain Vlog 065
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- Опубликовано: 8 сен 2024
- Can anybody flip houses for profit? Is it possible to teach kids property flipping? I believe anybody can learn property flipping. I set a challenge for my kids with what they know to double my money on this house. They stepped up to the challenge, but did they succeed?
#PropertyFlippingUK #PropertyInvestmentUK #PropertyDevelopment
1:09 - How it all started
1:33 - What we are trying to achieve and who are the target market
2:58 - What we did to the property when we started refurbishing it
4:10 - Continuing with modernising the rest of the property with updated electrics
4:42 - What we did with the boiler
5:00 - Modernising the kitchen
5:56 - Additional touches to the kitchen and ground floor
6:30 - Making use of other spaces
7:12 - New changes to the property
7:36 - Plastering with updated colour schemes
8:29 - The outside and externals
8:58 - Challenges facing this project which added to delays
10:01 - Differences in this project compared to other flipping projects
11:15 - How the numbers are stacking up
13:39 - What has been achieved so far
14:30 - How we managed the viewings
15:44 - Dealing with the offers and how we set the price
17:00 - How we whittled down the offers to make a final decision
18:41 - What happened next when the final offer was chosen
17:10 - Setting the expectations
20:21 - Doing it the old-school way
21:40 - Importance of contracts
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I’m Saj Hussain and I’m your expert guide through the world of UK property development and investment, and I want to give you the easy to understand property advice that turns bricks and mortar into assets and cash flow. In my free property training videos, I’ll show you the property strategies I use so you can generate wealth through the UK property market.
Would you sell a property in this way as a completion race?
Hmm not sure. Ideally if I could hold 4 properties eventually for rental and that for us would be a great retirement income.
As a seller its a good way of getting your property sold quickly BUT i woulnt take part as a buyer thou 🫢 looking forward to meeting you at your next property meet
Hi saj ,impressed the way you present your knowledge .just would loke to buy my first buy to let in london .looking some run down property through auction but i have no contacts with reading legal packs ,surveyors and mainly builders .
You have any contacts who can help me as i dont want to make huge mistake in my first project .
Please help
Hi saj ,impressed the way you present your knowledge .just would loke to buy my first buy to let in london .looking some run down property through auction but i have no contacts with reading legal packs ,surveyors and mainly builders .
You have any contacts who can help me as i dont want to make huge mistake in my first project .
Please help
Loved this video! So insightful from the completion of the property all the way to the process of selling it. Like many others I never knew what a contract race was until this video, so thank you! Can’t wait for the next vid :)
Thanks Hufsah!
Well done 👏 in the risk taking and strategic approach.
Many thanks Afshan
Solid gold video - thank you. The idea of a contract race is brilliant. I’m going to give a similar thing a try in London. Slightly nervous as the stamp duty alone will cost almost as much as the entire refurb.
Make sure you have a good profit margin built into the deal as prices might ease later this year.
Ssj u could teach Agents how to accomplish what THEY should be doing..!!! Ace reno & outcome 👊
Well done Saj ! I need to save to purchase a house outright to avoid the interest element. Then let it out and keep going. We'll see.
You can do Halal property investing without starting with very much money. Have you seen this video? ruclips.net/video/97RMWH2ah34/видео.html
@@TheSajHussain I'll check it out tonight
Great video
Glad you enjoyed it
Wow. I am really impressed with so many things; how you set your kids up for the challenge, the standard of refurb and the fair way you treated those who put in the effort to join the race but did not get there in time. I agree that selling quick is key to a project like this so pitching price a little below the top end is something which does get interest. One agent round where I am does this and she is selling properties quicker than the other agents with the end prices being very similar to the final prices other agents get anyway. Really enjoyed this. Thank you for putting this online.
Thanks Tom, I'm glad you enjoyed it.
Oh dear brass light fitting cheap laminate & surface pipes in the bathroom , nice budget job
🤣🤣 Michael if that's all you could get from this video then you are probably on the wrong RUclips channel.
I am glad that in Canada we have binding contracts when you get an offer
Well done to your kids! What a challenge and a brilliant outcome at that! I love how you keep everything looking high class rather than cheap and cheerful, which is a common theme amongst our communities. Fab 👍🏼
Thanks so much Sonila! 😊
Finally, good to see this come to fruition and a successful conclusion. Love the finish in the kitchen and bathroom,
Thanks Khalid
Love the house! The contract race is very interesting, never heard of it before!
Thanks Alisha
God bless you and your family sir, your videos are very informative 👍👍👍👍👍👍👍
Great as usual...but can kindly do video on builders & material side, example how to best select right people how you should pay them hourly, weekly etc should you go any buy all materials for them or let them buy it for you etc
Materials should buy from big outlets or smaller etc
Great suggestion!
I do fix price job but sometimes you have to negotiate again if problems arise...don't buy all materials in same shops as prices can vary a lot... spend time comparing and buy in different shops !
what a guy what a video and he speaks too much in details and very fast if he speak slow it will need 3 hours props top lad thanks
Great video , loving these style of videos! Quick question what are some towns/cities right now within the UK that have potential for buy to let properties. i've heard manchester/ newcastle are good at the moment ?
Most Towns and Cities work. However, most also have locations in them that work better. E.g. parts of Birmingham are cheaper to buy in and will give you a good yield. However, long term you may not get much Capital Growth from them. This video will help you ruclips.net/video/ptBxn4TFK6c/видео.html
I like the concept but may I ask - is it possible to instead (1) provide a full survey upfront, (2) Offer free legal fees provided they use your solicitor (they can still get their own at their own cost if they prefer), (3) have a neutral and fair agreement drawn up and ready to go?
Somthing i wouldnt mind doing but someone it so hard to find good builder , and i have no experience in diy
Jawad maybe partner with someone who has the experience to reduce the risk?
I feel like there is a bit of a disconnect here. At the beginning of the video you state that your target market were first-time buyers and buy to let investors, however, by initiating a contract race you basically alienate half of that market resulting in another house which has been taken off the purchase market and onto the rental one further participating in our present day housing crisis.
No that is not correct, all buyers had an equal opportunity.
Hi Saj which area in Birmingham is this? And do you think new windows add more value than it costs?
It's just North of Birmingham. Windows themselves may not add value however as part of the overall refurb they will add value.
Salaam, great video! How much did you spend on the renovation only (not including legals etc)?
How can you acquire property which market price is 170k in just 90k? By auction?
Hi Saj . My Name is Preye . Very interested inrebt to rent . Just got my first house yet to sign contracts. I need mentoringand been watching your videos.
Dear Mr Saj Hussain, Salam how can i get in touch with you ?
North Birimingham? £90k three bed how did u do that lol 😂
North of Birmingham, not in North Birmingham 😉
is this halal?
Absolutely, why wouldn't it be?
@@TheSajHussain purchasing the house with a mortgage