Transcription
Hello everybody. I'm Daniel Kennedy and I'm sitting here today in the Edgar Guest Cigar Lounge, which of course is named after the famous and my favorite Brummy Poet.
Now eight years ago, when I first started in property, I knew it was very, very, very important that we have a clear, concise goal, so I could always tell whether the action that I'm taking today is getting me closer or further away from that goal. And that goal was to get £10 million worth of property under my control in 10 years.
Now, I'm very, very pleased to say that 8 years in, we've hit that target. As of today, we have £10.5 million pounds worth of property under control of the group. Now, full disclosure, I do have joint venture partners, so it's not 100% mine. However, I just want to demonstrate that with no experience, no talent, no particularly strong qualifications within the industry, no experience, just dogged consistent determination, we've got from nothing to owning a fairly substantive portfolio. And it's just one step onto a much greater thing.
Now, I'm going to show you today every single deal that we've done to get here and see how we've gone from the smaller deals and they progressively got larger and larger and larger till we finally hit the goal. Thank you and come and join me as I show you the first one.
Deal one: Purchase close purchased £107,000, current value £375,000. Currently earns £33,000 per annum.
Deal two: 37 Anderton Park Road, purchase price £305,000. Current value £500,000. Currently earns £51,000 per annum.
Deal three: Here we've got Jiggins Lane. Purchase cost was £195,000. Current value £490,000. Earns £55,000 per annum.
Deal four: Yardleywood Road. Purchase price £275,000. Current value £550,000, makes £54,000 per annum.
12 York Road purchased £465,000. Current value £690,000 and it makes £64,000 per annum.
My favorite deal, Edgebaston Road East, Kennedy's Corner, purchased for £428,000. Current value £900,000 and this makes £102,000 per annum.
Then we have 26 York Road purchased for £400,000. Current value £900,000 and this makes £98,000.
Now we have the current active ongoing deals. This one, City Road purchased for £950,000. Current value £1.2 million. This property makes £71,000 per annum.
We have New House Farm purchased for £1,040,000. Current value is £1,040,000 because it's still ongoing. This doesn't make any money.
Then we've got Collet Court down in Cornwall purchased for £1,644,000. Current value is £3,015,000.
And then finally, which you're not going to see today, my personal resi, which is purchased for £217,000. Current value is £375,000 and that brings us over to the target of 10 million.
Hey team, so you've seen 10 deals today from the first one way back in 2016 all the way to the few couple of active ongoing deals that we have going on at this present day. And I want to reemphasize that all this was built from somebody who had no connections, no reputation in the industry, no experience, no talent that lended themselves to be a success in this industry. It was all determination and the most important consistency and cultivating a good reputation.
Now hopefully this video inspires you to replicate these results because they are completely replicable by somebody who has an equal amount of determination and consistency. Another thing you have to cultivate a good reputation to attract the right team members and the right people within your businesses.
Now, if you're thinking of starting, don't put people on a pedestal who are already in the industry. They've all gone through the same mistakes. They've all had the hurdles that you're going to experience. Nothing that you experience is going to be new. And I hope to see you on the climb. And my name's Daniel Kennedy.