so this property behind was my first ever investment property that i bought so this particular property behind us we purchased with none of our own money this one property here made us over 110 000 pounds in profit life-changing chunks of money completely full back to brick refurb this particular property behind me cash flows me 1200 pounds a month [Music] hi my name is laura muse i'm a sheffield-based property investor i work with my husband we have been covering sheffield since 2014. we have a range of properties in our portfolio from single buy to let's all the way through to newable properties today i'm going to be taking you around sheffield to show you some of our projects where we started and how we progressed over the years that we've been working with progressive our portfolio now is worth over two million pounds in sheffield that's quite a lot of property plus we do build to rent and build to sell we've sold over a million pounds worth of property since 2014. okay so this is our investment area so predominantly we invest in sheffield for our buy to let's and for our developments we do go outside of sheffield so rotherham barnsley chesterfield but predominantly for our buy to let's because we self-manage our own portfolio so we manage the tenants we like to keep everything in an area where it's accessible to us we can get there when we need to and we're kind of a little bit more in control of that the purple is not a good area so everybody has an area within where they live that is not the best this doesn't fit our investment goals so this is why we don't invest in these two particular areas the orange ones are where we do invest these are what we call our gold mine areas and now gold mine just means for us it's a perfect tenant type it's the right house price before i show you around our portfolio and show you how you guys can get into property as well please hit the subscribe like and notification bell for this youtube channel hi can i get an iced latte can i have a shot of vanilla in it with almond milk starbucks it's a mustard life so i'm an equine nutritionist by trade so if anyone doesn't know what that is that's basically going around the uk advising horse owners what to feed the horses so i went to university got qualified as an acquired nutritionist worked for some of the world's top companies in equestrian and then in 2014 unfortunately my mum got diagnosed with terminal cancer she was a single parent my dad had died many years before i was working so many long hours and it just was quite apparent i couldn't spend the time with my mum that i needed to unfortunately in 2015 she passed away myself and my husband jim now husband james we wanted to start a family and the last thing i wanted to do is spend all my time working i handed my notice in we sold everything we had the only way we thought we could do that something that could earn us money while we slept was property everyone needs houses everyone needs somewhere to live it's one of the most secure things you can ever do yes there are dips in the property market over the years it goes you know there's cycles etc what people talk about but at the end of the day everybody wants somewhere to live and for us it's a really secure investment so this property behind was my first ever investment property that i bought so i bought this property in 2018 four weeks after i did my first ever property training with progressive it's on a very busy road as you can hear everybody's great purchases two bed terrace for sixty nine thousand pounds we spent fifteen thousand pounds on it and we got it refinanced for a hundred and fifteen thousand pounds rent it out for 550 a month still got the same tenant as it had originally so by refurbished refinance is you buy your property you add the value by doing a refurb and then you refinance it on the back end and you can pull out the difference in the profit our exit strategy is death so we will never sell this property it's a great rental but it's got great access to the city centre and it's also got a lot of local amenities and it rents out really well so this was my first property of many so let's go see some more [Music] now we're in s4 in sheffield it's not an area that we invest in it's what we class as the bronx so the property prices around here are quite cheap but you also do get a lot of problems with so in this particular area there's a lot of gangs and there's quite a bit of drugs it's not an area where i particularly feel safe in so it's not particularly an area that i'd want to start refurbing a property and letting it out of tenants so it's really important when you get into property to identify the bronx areas do your numbers do your research work out what type of tenant you want to put in your properties what the cash flow is and you can at least rule out the areas that maybe won't provide that for you [Music] here we are at one of our latest purchases it is a three bed terrace property we're turning it into a family buy to let so let's go in and have a look so this is the living room of the property so this is quite a small refurb for us in here we've got new carpets new paint on the walls and then we've just boxed in the electrical point and gas well electrical box in here just make it a little bit tidier so this is the kitchen in this particular property the the kitchen is what was the original so we've not had to replace the kitchen the same with the flooring so the good thing with this property is it was used as um serviced accommodation or it was rented out on airbnb before so they did keep it quite nice so it just means for us as an investor we're not having to do a completely full back to brick refurb so this is a large front bedroom we did think about making this property into potential mini hmo so a mini house of multiple occupancy but it's in a great family area we know this area very well we know what type of rent we can get for a family house so let's just stick to that so this is a little bathroom and nothing much is going to change in here we in most of our um buy to let's we always change the tiling to a multi-panel now multi-panel is um a plastic board the reason why we normally do that is purely because of maintenance so this is the third and final bedroom of the house it's a really large attic room as you can see we've got smoke alarms throughout the entire building and you've got a lovely view out onto the garden again this is all painted literally just needs the cap it's down and this one's ready to go i purchased this property a month ago for a hundred and five thousand pounds the refurb on this property is going to be six thousand pounds legal fees fifteen hundred and then the end value so once we've refurbed it and we've refinanced it will be between 125 and 130. the rent on this for a three bed house in this area is 695 so all of our properties that we have around here all rent out at six nine five for a three bedroom whether it's a terrace or is assembly attached it will cash flowers each month between 350 and 400 pounds per calendar month so property is a numbers game so thinking about the 350 to 400 pounds a month you're probably not thinking that's a lot of money but for many people including yourself how many houses would you actually need on this particular street to replace your monthly income four or five maybe six houses that is not a lot and you can actually do that in areas like this getting out there and doing your first deal is the hardest step but once you've done your first deal the other ones come so this particular property behind us we purchased with none of our own money when we first got into property we thought the only way to buy property was we saved it for a deposit and we bought it on a mortgage what we've learned over the last three years is we don't have to do that to scale our property business and replace our income we've been working with other investors people who don't particularly want to buy property but they want to get a great return on their money and we call these people angel investors they lend us money for a fixed term for a fixed return and then we use their money as much as possible to buy little houses like this and that's how we funded this deal the ones that we have had in our portfolio to replace our income and how we buy properties going forward there are millions of properties across the uk and there's hundreds of opportunities for you to get involved in property the way that we source deals how we find these opportunities about houses like this in a few different ways so we can do things like leafleting we can do banners on properties that we're currently working on or it can just be going into an estate agent and building them relationships opportunities really are everywhere but you need to get out and do this [Music] property is a people business network of people we have now is crazy there's not one question that we know we couldn't pick the phone up and get answered by somebody that we've met through property people support you whether you're investing where you live or 100 miles away i think everyone needs to get educated there's an element of self-education but once you get to that point you need to go and be around people who have been there done that got the t-shirt can't advise you of what not to do where not to invest what's the bronx i didn't know what the bronx was but i know exactly what the bronx is now and we certainly don't invest there whereas as a newbie not having that knowledge we probably would have bought there and probably got a bit of a sting when we found out what the real implications of that would be i.e certain types of tenant certain types of rent can't really get the house value so 100 get educated so now we're a different part of sheffield now we're in hillsborough this property behind us is something that we purchased in 2015 it was a derelict news agents we knocked it down and we rebuilt it into two shops and two flats what you can see behind us let's go and have a look so this is one of our furnished flats we don't normally do furnished flats in um properties but with this particular one we actually tried it as a serviced accommodation unit which is airbnb it didn't work out the best for me one i was not educated in service accommodation so i struggled um but for us we really just like the ease of attendant moving in they pay the rent every month and then they move on so these particular flats attract doctors nurses as a hospital not too far from here so buy that for us doesn't work in this area the purchase price of the houses is a lot more so where we've just been we bought that property for 105 000 pounds for a three bed terrace in this particular area you're looking at 190 to 200 000 pounds for the same property which for us the rent and the purchase price we just can't get the cash flow out of that particular property so we're just going to talk about the numbers on this particular deal so we purchased this plot of land so remember it was a derelict building and for 60 000 pounds in 2015. we spent 175 000 pounds building this building and that's including all professional fees we had it revalued in 2016 for 350 000 pounds the actual profit on this building if we'd have got it refinanced which we didn't would have been 115 000 pounds so this property is unencumbered and the reason why is because we've actually invested money in this where money is held in this particular property we've never mortgaged it because we work with other investors and it's a great thing to have in your arsenal at the property that isn't incumbent when they're lending money to you so if and the worst came to the worst we could refinance this property and give the investor the security that we do have this that they can get their money back from also if we've got future projects where we need a larger amount of money we can then put a mortgage on this so we don't have to potentially go and get off somebody else so at the minute we didn't need the money out of this particular property so as you can see behind us we have two commercial units so they don't have the same lease or the same contract as a buy to let tenant would for example so these two people behind have a commercial lease which is for five years so the larger shop and they pay her 700 pounds a month and the smaller shop on the left-hand side and they pay us 600 pounds per calendar month so that's a total of 300 pounds per calendar month on this bottom floor alone we've got the two flats so we rent that out for 595 per calendar month and the top flat is rented out at the moment for five to five so all in all this building behind us generates a monthly rent of 2420 pounds a month we're really really happy with this particular deal it was one of the first things we ever did it was the first new build project that we did so this is the place where everybody wants to be so a lot of students are in this area a lot of professionals come and there's a lot of individual wine bars restaurants around here and property prices are extortionate so this is us here just this little one so now we're in the center of sheffield and just off eckelsar road and this property behind us is one of the only hmos we have so hmo is a house of multiple occupancy so it's when more than one person who is not related live in the same house it's also known as co-living well we purchased it for 175 but with legals in the refurb it came 226 000 pounds all in all this particular property and we've got it revalued for 260 000 pounds which was a little bit less than what we expected so we've left about just over 30 000 pounds in this particular deal so when we refinance in a couple of years time hopefully with the uplift we'll be able to pull the residual money out of this particular deal so this particular property behind us each month generates 2060 pounds per commensive month in rent after us fees obviously with a mortgage this net sales 1200 pounds a month so how many properties like this would you need to replace your income for many of us it's one hmo is a great way to build cash flow if we were to let this particular property out as a buy to let we generate about 800 pounds per commencive month in rent but by doing it as a hmo this particular property is two thousand sixty pounds a month there's many strategies that fit your lifestyle and your goals and we've got as you can see buy to let's hmo and we've got other properties i'm gonna show you so picking something that works for you and generating that income is really simple whether it's one deal or 10 but the rents are massively under market value we'd started to build three detached homes life-changing chunks of money look at the state of this place that's disgusting to many people this house might look like an absolute disaster but to a professional property investor this property is a gold mine if you want to learn how you can turn properties like this into profit then join me at the property revolution summit our brand new event on all things property where you will learn how you can start or scale a property business doesn't matter if you're starting out in property doesn't matter where you live in the country or how much funds you've got to get started there is property strategies that will work for you and in your area i can't wait to see you at the upcoming property revolution summit in the meantime i'm going to get a skip we're outside my biggest ever deal this is my unicorn project it consists of 18 units which is a mixture of self-contained flats and hmo rooms let's go in and take a look as you can see it's very dated so we do call this woodchip mansion we just refurbing as we go so as tenants move out we're refurbing it's longer projects it's going to be something that we do over the next two years so here we are this is a one bed flat the tent literally moved out yesterday so we started the refurb today on this particular um flat it'll probably take us about four weeks to completely renovate it put in a new kitchen put in a new bathroom there's quite a few damp issues in this particular building obviously it's a huge old building and so the damp proof course will probably put around the window the previous tenant was actually paying 450 a month for this so the biggest problem with this building is one the location is amazing but the rents are massively under market value so we were getting 450 for this once we've renovated it we should get between 650 and 675 and for this one bedroom flat in this area now this is just one flat in this entire building and we've got another 17 left to do well 16 left to do so this actual building is gonna cash flows an incredible amount of money now property is a journey i would never have done this deal when i first started so start small build up as you go build your confidence your network and your knowledge which is key and then you can be doing deals like this are you ready for this this is a real shock so we've just started the refurb next door and i'm going to take you into a property that was identical to this yesterday so as you can see in here there is a lot of stuff and unfortunately this is how many of the rooms are so many of the flats are laid out like this the one we saw next door which we're just starting the refurb on that's one of the larger flats in this particular building let's have a look at the bathroom scary stuff we worked on this deal for quite a long time talking to the vendors trying to agree an actual purchase price it probably took us about 18 months in total so completely over the moon to buy something like this um from starting up and buy to let's just a couple years ago to actually buying property like this is just incredible so super excited so people who have hmos the council hold a register of all the owners and all the properties and one of the marketing strategies that i learned at progressive was to contact people on the hmo register to see if they wanted to sell their property or rent their property and that's what i did so we actually purchased this for 848 000 pounds the re-value from the guy who came to value the mortgage so currently it's worth 1.2 we did pay a lot less for it but that's because one the condition as you've seen inside and two the people who currently live here don't pay market rent they pay about 250 300 pounds below market rent quite early days on the refurb we estimated about 120 000 pounds for the refurbishing total brutally honest it's probably gonna be a little bit more this building can absorb that because we're gonna obviously double the rent once we've completed the refurb on this particular deal and we've got it on the higher valuation we should be cash flowing about eight to ten thousand pounds per month from this one deal behind us this is our retirement part we can live off this the people that we bought this from have lived off it for the last 20 25 30 years and we could do this too our exit plan is death so this will get passed on to our daughter who would get a great start in life and that's the reason why we're doing this as well is for our legacy our children [Music] so now we're going to chest field and so this is a plot of land we bought in 2016 during the pandemic we'd started to build three detached homes we finished it we've sold them all they've all got their new owners in so i'm just going to take you there so you can have a little look i think when you're first starting i think you need to keep it really simple i jumped around a lot when i first started and i didn't nail one strategy i went from single bytelet to hmo to serviced accommodation and which is an airbnb and then back again it was very confusing i got a few things wrong i think you need to start simple so whether it's a buy refurbish refinance and you're holding it in your portfolio or maybe a strategy isn't to hold maybe is to sell buy refurbish and sell for me personally if somebody's just starting out they haven't got the experience in property that would be the most simple way to to get on the property ladder and and start being an investor anne holter made an incredible video on how she built her property portfolio if you want to watch it here or the link is in the description so here we are at the new build site that we completed last year so this is three three bed detached homes we completed this project throughout lockdown so we first broke ground here in march 2020 and two weeks later the world completely changed fortunately this bill didn't stop and we were really fortunate we had a great team of people we had a great site manager who was also our joint venture partner who pushed this project forward all in all it took us about nine months to complete and now we have three lovely new homeowners that are in their new forever homes i'm gonna go through the numbers i'm gonna get my trusty phone out just to prompt me because there's quite a few different ones so we bought the land for 100 000 pounds at an auction originally 350 000 pounds from our angel to build this build we didn't draw down all that money because of the pandemic we managed to have some other investor money in our bank account so we pulled a bit of that in so the total build cost 367 000 pounds to build and when we sold it we've actually made a net profit of just over 180 000 pounds on this particular development seeing something from the ground up is really incredible life-changing chunks of money really exciting got quite a few of them in the pipeline so we've come to the end of the video today and i've shown you a small proportion of our portfolio if you haven't got your first deal yet the best thing to do is get educated and get out and start doing this now there are opportunities everywhere you've got to go out there grab it with both hands and the only person that can do that is you if you've enjoyed this video please like subscribe and hit the notification bell i've been laura muse there is nothing special about me i just followed a system and created a different life for myself you can go and do this too [Music] you