245 - Financial Fortress Deal, £23k PA Profit, No Money Left In

In this Deals, Deals, Deals Podcast Series, we go Behind the Scenes on some of the UK’s most Creative, Lucrative and Award-Winning Deals 🤩   Chris McDermott joined Property Entrepreneur last year and he and his wife, Cat have been able to leave their corporate jobs to focus on their property portfolio and their young family.    They have transitioned their portfolio from renting to working tenants to getting leases and guaranteed rents to provide better and more consistent returns.   We discuss Chris’s background, his portfolio and then deep dive into this latest project: how he found the property off market, the terms agreed, the planning gain and lease whilst also adding value to the property.   The headline numbers are:   Purchase Price £220,000 Costs (Fees, Refurb, Finance) £95,767 Total Costs £315,767     B&M Revaluation £330,000 Mortgage £247,500 Land & Rental Profits £54,500 Cash Left In £13,767     Annual Profit £23,006 ROCE 167.11%     Commercial Valuation £455,000 Mortgage £341,250 Revised Cash Left In -£79,983     Annual Profit £17,381 ROCE -21.73%       Want to contact Mark or his guests?   www.thepropertybrokerage.co.uk [email protected]   Chris McDermott   https://www.instagram.com/n.w.living/ www.nwliving.co.uk   NW Supported Living https://www.instagram.com/nw_supported_living/ www.nwsupportedliving.co.uk       Want to learn more?   Want to know the ONLY 5 PROBLEMS you need to overcome to become a High Net Worth Property Entrepreneur making 6 and 7 figure annual profits? Click here now to download our FREE PDF report   Daniel Hill's brand new, first-ever published book Karma Credits: The Universal Law of Wealth, Health and Happiness can be purchased on Amazon. Click here now to purchase a copy.   If you’ve not already joined the 10.9k Property Entrepreneurs for FREE in the Property Entrepreneur Facebook Group, click here to join now:  The Property Entrepreneurs Community   If you're listening to this podcast but have not yet subscribed, click the subscribe button to listen to what Daniel and other industry leading guests have to say on a weekly basis on all things business, investment property and lifestyle: The Official Property Entrepreneur Podcast    Keep up to date with Daniel’s unique and proven Blueprints by subscribing to The Blueprint YouTube Channel now   Follow Daniel on Social:   Instagram: @propertyentrepreneur_  Facebook:  @PropertyEntrepreneurOfficial LinkedIn: @propertyentrepreneur