Flipping a house for £100,000 profit | 2 to 4 bed conversion in Birmingham
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- Опубліковано 12 вер 2024
- THE CRASH COURSE IS BACK!!
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Flipping a house for £100,000 profit | 2 to 4 bed conversion in Birmingham. Get FREE Tickets to ONLINE TRAINING SESSION with Samuel Leeds: www.property-i...
Last year I invested in a house flip in Birmingham as part of a joint venture with my good friend, Saj. The house was a small run down 2 bedroom terraced house, it is now a large 4 bedroom luxury family home.
The property was bought for £150,000 and the development cost of the refurbishment came in at £130,000, just £10,000 over budget. I personally invested £270,000 into this project.
The end value is over £380,000, which means there has been a profit uplift of £100,000.
I documented the details and journey of this Birmingham fix and flip project so you can learn along the way:
Part 1: • This House is a WRECK!...
Part 2: • Flipping a house for £...
Please also check out Saj's channel: / thesajhussain
🎥 How to build a property portfolio from scratch in 7 DAYS: • Financial Freedom Chal...
❓ Have a question about property? Join my Property Facebook Group: / 778613042238071
🗣️FOLLOW ME ON SOCIAL MEDIA:
Instagram: / leeds.samuel
Facebook Group: / 778613042238071
Facebook Page: / officialsamuelleeds
Twitter: / samuel_leeds
LinkedIn: / samuel-leeds-64660683
For any speaking or collaboration enquires please email talent@samuelleeds.com
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#SamuelLeeds #FixAndFlip
Seeing the adjacent properties on entering the house and the properties across the street on exiting the house made me realise that we were most likely looking at the best house on the street.
And this adds value for all those other houses.
And once there is three of four of these makeovers, suddenly everybody will want to live on this street.
Well done.
Hey Samuel, it was good to see you and catch up with you. The house is looking very different from the last time you saw it.
Great job Saj 👍🏾
@@AmandaLeeds thank you. I hope you and kids are all well.
Mashallla
JZK
@@TheSajHussain 👍
we want more videos like this, please. Absolutely stunning finish guys well done. I`m a bit surprised that there`s no staging at all, why is that?
The new standard has been set with this project. I bet were gonna see many houses with this design/standard. Good job!
Makes me feel like leaving London and moving to Birmingham thank you for sharing
London is a bump...no value for money 😔
Nice work Samuel !! Love seeing this content
“I love the colours!” Everything was grey or white.
i love it when people get to thid level of renovating a house for modern day living stunning and great lighting ideas and love the fact theyve utulised all the space
been waiting for this since the first video of this house with saj, worth the wait, quality video!
Mate no one is doing what your doing, quality content!
why spend all that money on a smart stat and then have the leads hanging out of the wall? why not hide the leads in the wall...
Ιιιθι?
Λιο 90
That was the charging cable it's not a main powered
@@globaltimes7it's lazy. The power supply can easily be hidden in the wall
£400k home with no parking?
No decent garden either, looks shite lol.
This guy is good with partnership joint ventures. The refurbishing is brilliant. Well done
I’m amazed you did all that for £120k.. including extension / loft conversion / lowering ceilings etc... great job.
Yeah I'm struggling to believe he's done that for 120k, not only the shell works but including the high end doors, ironmongrey, carpet, windows, lighting, toilets and total decorations etc. But if he's managed that very well done!
BEAUTIFUL HOUSE😍😍😍 Very well done to you both. Such a huge transformation 💪🏽✊🏾
Thank you!! 😊
Been binge watching the last few videos that I missed, nice surprise to see this😁
Top effort from all involved, great job 👏🏻
You are supposed to remove the tag on your sleeve after you buy it sweetie xx.
@Tyrone Saxton I just don't want haters laughing at him. I'm sure tailor will remove when he adjusts arm length xx.
@Tyrone Saxton do you wear your suits to attend a place where you spell forget as farget?
@Tyrone Saxton I was referring to the way you spell forget
A beautiful house is presented and alll you noticed was a tiny label on a suit? Wow!!!
@Tyrone Saxton farget 😂😂😂😂😂
i love the videos hope your staying safe mate
This is an impressive renovation !! Soon to be you Samuel!!
hey samuel what advice do u have for a 13 yr old who wants to be a developer. The houses are absolutely sunning!!!
Beautiful renovation, being an electrician I can't help but notice only one socket in the basement and in a strange position, too high up😂
It has 2 sockets in basement and they are at high as kitchen sockets are above work top and intended use is as laundry room. So i hope that answers your question
samuel love the video but why did he not tell us price of the kitchen,really wanted to know as it was very educational
Really love watching what you do, this is something i want to be able to do before im 25, im now 20 with like 3-4k in the savings and not sure how i can get started with that amount of money, whether i should keep saving and working or if theres another route i can take that’ll get me involved a bit more within the industry.
Any advise from anyone?
if you're in the uk the princes trust charity run a business enterprise course, i'm currently on it and they help you write a business plan which could start you on the right path. You're doing the right thing by saving, just keep learning and saving, networking and your time will come. Well done
@@Pezz789 thank you!!!!
I don’t know what you work as but you could go into the army or navy or Air Force for 4 years and depending on your role is the training so I’ll just minus a year as you have 5 year time frame anyway you can live on base for no more than 150 a month and this includes food so you can just save so much and you will probably get 60-80k by 4 years saved and also benefits and travel the world so that’s what I’d do in order to get enough money for a deposit and a loan for a house and then I’d flip it but this just solves the money bit other than that I don’t know much more to help
@@Pezz789 hello mate with that much in saving you can easily start a rent to rent in uk and possibly earn over a 1000 pounds in profit. You can watch sams other videos
@@piston707 Really? I thought there’s so much risk involved people would look the other way, but I guess it’s who you know as well?
Thanks for replying mate
Lovely transformation! I'm investing in property at the moment! I'm videoing my journey and looking forward to growing the portfolio over the years!
Cash is king, if it was a mortgage it would be different numbers. But how did you net £100,000? You don't pay holding costs and closing costs? No realtor fee?
Thank you Samuel, a wealth of great information!
This is wonderful. Thanks Samuel and Saj.
Our pleasure!
Very very nice finish!! Interesting to know what it sells for in the end and great 14% return on your funds. Surprised you didn’t structure it as 50/50 profit split
I often do. Every deal is different
Samuel has been very clever here 14 per cent of £150k plus £120k is £37800 which in reality will be half the profit but Samuel has the security of the property if the deal goes bad.
A smart move.
A toilet next to the Kitchen?? That's a worry.
You have a true talent for the brick game epic turnaround 🔥🔥🔥✨
Love that mirror with touch light! 😍
This is absolutely fabulous! Very well thought out. Love the design, especially the bathrooms.🙌🏻
Remove the tag on your jacket sleeve unless you are going to return it.
Great Video! Very informative and interesting. The house is nice.
I’ll be honest, I don’t think it looks very good. If you want to live in a space ship, fine. But it’s so plastic, shiney and the opposite of homely. Can’t understand why people are rating it
Is this house for sale if it is for sale how much is it and is this house in birmingham and wich road is this house
Could of showed the rear to the property
Samuel pls linkup with Ben Mallah, u both will be 🔥
Samuel wont be comfortable with Ben Mallah. He has a lot of money but he also has a tiny temper and swears a LOT.
@@mirshathmohamed2814 hahahah most british can’t handle good American business people haha
@@datingandlifeadvicechannel7534 Lol fax
Really nice finish. Think the build cost was very expensive tho trades men made the most out of this property by the sounds of it.
Good job and a good profit well done fellers 👍
I thinks that's the wrong strategy by over pricing the property letting it go stale and then reducing the price to achieve a sale. If you get the price right the first time the property will sell quickly. I also think this property overpriced at £400K
I'd be inclined to agree with both points, but it depends whether it's how they've always made things work. 🤷🏾♀️ Always comes down to the ceiling for the road, of course.
I see a lot of videos where the refurb costs are £15-20k. To spend £130k on a refurb seems crazy. What should you be looking out for when buying distressed properties to find something that needs £15-20k renovation rather than £100k more than that!? Very easy to buy a distressed property and the refurb cost works out to be more than the property purchase price!
exactly what I was thinking
Love this video! I want to get into Joint venture for these projects aswell
Is it allow to ask as a newbie dummy.... How difficult is it to find buyers, after you did the luxury refurbishment? How long does it take, roughly, to find buyers to pay you the 370k? Will there be an agency involved? Or do you post on socialmedia?
Bw. the way you present this topic is really, really helpful.
Could have done with a gardener to add some interest to such a sad garden too 😆
Keep upthese content love it, you guys need to take on apprentices id come onboard👌🏼
apart from that basement everything is A+
I loved every bit of it
Woow what a tranformation😍
If you have a good builder who can do it all by himself carpentry bricklaying plastering painting decorating tialing it will be more profit
Great!!!
That is a wonderful setup.
Wow properties looks fabulous ..
See you tomorrow brother
Too job that! Fair play!
Double range rovers wowwww
Brother please invest and make new houses in leicester
great work people
Looks futuristic but thats the only reason you'd want to live there, you'd spend £370k on a house with a kitchen that size, no thank you
No bifolds either, shame🙄nobody in their right mind would paint woodwork dark bloody grey! Why don’t you get someone in who has an eye for design next time! Why didn’t you think of dressing the windows... a couple of Roman blind might have helped🙃
Next time fake the Farrow & Ball look...
Samuel Leeds so the profit was £100,000 , you only get 14000 and plus your 270k back? how was the rest of the profit split?
14% of 270k is not 14k
is walls a requirement for a uk house? why cant they make an open floor plan
Saw this project before on Saj's UA-cam page.. Legends joint venturing together!
This is the same house that Saj Hussain is standing outside in his video - so was this a Joint Venture with Saj/Samuel ??
Yes that’s why he’s in the video :)
25min video, uploaded 23min ago, and 11 dislikes.. crazy
Those clinging on the witch hunt smear campaign
House looks lovely. So after you pay back investors and other fees such as legals and i believe you paid SDLT on top of the £150k purchase, what is the actual profit looking like as it won't be £100k? Many Thanks in advance.
Forget SDLT, dont forget capital gains tax which takes most the profits away.
Excuse my ignorance, what’s SDLT ?
You need a bannister rail on the basement stairs.
Which after corporation tax is about 80K. Not too shabs
Hi am Divya, I want to talk to you, I have a plan to buy property in UK. Am quite new. Can you help
That video, with Sah is called "Flipping a house for £100,000 profit"
How long did it take to make that profit that is the question
Do you know how this property was sourced please Samuel, was he informed by the estate agents or did he find it on rightmove?
I get David Brent vibes from this guy
When people say to me: would you rather be thought of as a property investor or a UA-camr? My answer’s always the same, to me, they’re not mutually exclusive.
Did this sell? How long did it take to sell? Did you get what you wanted for it?
@@kryptokeeper2638 really?? What's the status now?
Budget breakdown?
Music distracting but interesting vid.
why would plaster be running out? would love to hear your take on that
Government are ramping up building new houses to help keep the economy afloat, people like Barratts have been stock piling as much building materials as possible..
How can i loan for a second property with 0 deposit when the bank refused me to a loan today cause of the deposit 15% in front i feel devestated
Impressive shit guys
Did Saj use cheap immigrant labour??
Shockingly horrible decorating! What were you thinking 🤔 I stay completely neutral, with a hi end look ultra modern... this grey is a so passé
Grey is depressing why do the British love the depressing grey like their skies I hate that colour Neutral is ok with bright colors
Nice iam from UK
Do you have one company finishing the entire house
Yes. I was the project manager/ builder responsible from start to finish
turn the music down in the video!!!!! we dont need to bass
Fab 👌👌
It hasn't sold yet, so the real value is unknown.
Good job Samuel you're the man
They have ruined a Victorian Property. It’s so ugly
They should of left the fireplace
How can he say he doesn't know exactly what was spent LOL Lies.
taqiyyah
Is this the normal camera person? He wasnt very good at filming. Ie at 22:00 hes videoing them instead of the outside of the property. This guy got to wake up
The dislikes are from the neighbours
@Tyrone Saxton the people u r talking about these gang people and jealous ones they probably live in samuels HMO 😂
@Tyrone Saxton I agree with ur statement
Nice bit of Luda at the end!!!
Stop showing the guy talking and show the house you need a new camera man
Can I get a free house lol, I would be class if I had a change to get my own house
What a beautiful transformation! 👌🏾
Thanks for your support wifey
horrible design quite arab less british
first
Fake guru😂😂😂😂😂
Samuel pls linkup with Ben Mallah, u both will be 🔥
This guy can’t handle ben mallah he is a multi millionaire he maybe has a few of those lol😂😂😂