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37 Question Due Diligence Checklist / Auction Guide

This is a cracking episode you won't want to miss.

It features a case study of how Saif Rehan is making a potential gross profit of around 190K by:

Buying a portfolio of 6 houses from a retiring landlord

Trading 4 at auction

Reconfiguring the 5th

Developing the 6th into a 6 Bed HMO leased to a Social Provider which he can now either hold or sell.

We discuss:

·       Need for supplementary income to maintain and grow property portfolios

·       Importance of cash flow models

·       Multiple sources of income

·       Auction Pricing Strategy

·       Experience of Together Finance for bridging

·       Experiences with Serco and typical disputes over property condition

·       Purchase of a six-house portfolio from a retiring landlor

·       Tag-team strategy for maximizing portfolio deal value

·       Disposal & Monetization of portfolio

·       Critical importance of cash flow management

·       Tension between speed, price, and certainty in property transaction

Saif Rehan on IG

Six-Property Portfolio: The Numbers

Overall Purchase:

• Price: £580,000
• Done up  value: £900,000

Properties 1-4: Auction Trades 

• Property 1:
  • PP 62K
  • Sold: 92K
  • Profit:  30K
• Properties 2 & 3
  • PP: 80K each
  • Sold: 110K each
  • Profit: 60K
• Property 4
  • PP: 80K
  • Sold: 97K
  • Profit: 17K

• TOTAL profit from four auction trades: About £107,000

Property 5: Flip (Reconfigured from Two-Bed to Three-Bed)

• PP: 80K
• Sold for 167K 
• Profit 32K

Property 6: Converted to Six-Bed HMO (Social Housing)

• Purchase cost: Bought for 107K
• Refurb cost: 100K
• Profit: 53K

Keywords
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