Refinancing and pulling out your money is a great way to keep recycling your cash.
It’s a model where you buy, refurbish and then refinance taking your money out.
When you have added value and taken out your money you still have an appreciating asset making this as Shaz says ‘a beautiful model that you can keep using over and over again’ listen in and hear how to get started
KEY TAKEAWAYS
This is the basic buy, refurbish, refinance and rent and it’s a model that works really well
You buy a property and renovate it adding value
After renovation, you refinance to pull out your money
Once your money is out you have an appreciating asset you can rent
Buy to let financers usually won’t refinance until after 6 months
With a commercial conversion, there are more units and more value
It is investing in a property refurbishing it and then pulling all your money out
Leave some of the value in the property
You can use your money for the next project
There is no tax to pay because you haven’t sold the asset
BEST MOMENTS
‘You can keep recycling your cash’
‘It’s a model that works beautifully’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
Facebook
YouTube.
