Transcription
What the heck? If they don't say yes, I don't know what I'm gonna do. I need to get some sort of... Tonight, we'll have to spend everything you've got on this deposit. What's the worst that can happen? The worst, of course, you get rejected. Most bosses, they don't want their employees to be rich. Never seen this many property deals being done before. It's been crazy.
[Music]
Multi-millionaire property investor Samuel Leeds is back at it again with another financial freedom challenge. With five days on the clock, one lucky employee is about to have their life changed forever. As usual, Samuel will be using his 10+ years of property investing knowledge and training to help someone become financially free in less than a week. Samuel started from scratch. In Sheffield, Blackpool, London, Manchester, Northern Ireland, New York City, he's a man on a mission and he won't rest 'til the job is done. So sit back, mute your friends and family members, and get ready to take notes from this all-new financial freedom challenge. Who knows, will you be next?
[Music]
Right, so what we need to do is we need to basically get... I'm thinking the strategy, service accommodation does not work in central London very easily without planning permission. So we can do a rent around, but I'm thinking of rent to HMO. Right, okay. Close to here, that's what I'm thinking. So if you get the computer started up, yes, let's get some deals, find some deals, and hit the road and see what we can do today.
So, what is a rent to... what is a rental? Hmm. So it's basically a rent to rent. So where you rent a property off a landlord. You do it as like a... hmm. My favorite way to do this is to find landlords who are tired. If you find an existing HMO in London, yeah, but a bit of a... a bit of a crappy one, like it needs a bit of a tarting up, a bit of sprucing, but the landlord's trying to do it themself. Self-managing landlords are the best. So some of these, they look really nice. Yeah, they're boosted, they look really nice. I wouldn't, I wouldn't necessarily go to those ones. I would find some that are just a little bit, yeah, which are self-managed. Does that make sense? Yeah. So that's... Ah, it's all that looks terrible. Yes, that looks terrible. But what you have to spend quite like for that to look better? You have to put like nice carpets in and... yeah. But not much, not much money. You'd be surprised at how cheap it is to rent out. This is a current flatting. So that would be a potential, a prospect. You call them up. Yeah. Uh, again, this one, like they've not even bothered to put like, there's no color on it. It's rubbish. Resume living. That boom, you could call resume straight away rather than thinking too much or worried about. Look at that terrible. Yeah. Call them. Live out landlord. Perfect. Right, so that's one way to get landlords' details. And then you're gonna ring them up and you're gonna go, "I'm a company, I'd like to just offer you a complete guaranteed rent." Oh, can I book a view it right now? OpenRent. Same story. OpenRent is like, um, Rightmove, but for landlords direct. Again, boom. So the studios, but we're gonna, you can, you can find shares. You can do shared only and find all the nasty looking shared ones. Like that's nasty. That's nasty. Look how, look how bland it is. Yeah. Right, so 900 pounds. So you can just ring. Don't worry too much about the property. We just need to speak to landlords. You'd be amazed. Um, I mean, you can do this as well. London HMO Register. Okay. You can literally find every single licensed HMO in the entire of London. Look, Regis, Register of Licensed Houses. Look at the rate. Look, and you can just see. Register of, Register of Life. The problems with this though, is if you, boom, look at this. Look at this. Mr. Davinda Girl. That's his address. HMO address. The problem is, we haven't got phone numbers. So for us to write letters to these people is going to take too long. Yeah. Really nice way is Gumtree, like we did yesterday. And you can just search for properties in, in London. So you just, I'm looking for property to rent. Yeah. In London.
[Music]
Crazy. There's quite a different, like a few different options there. Is there? Like, look at this. Um, and you can, you know, three, three double bedrooms. Boom. Three bedrooms. Number there. Three rooms. You could probably rent the rooms out for, and they look terrible, for like a grand a month or more. Wow. Look at that. It's terrible. Another way, really good way, is to go to the Facebook Marketplace. This is my favorite way. This is just incredible. Okay. So why would you put it? Watch it on Facebook? Do you know what I mean? This Facebook, every weird place to put it on. Look at this property for rent. People put properties on Facebook. Look at this. All these properties. Okay. Room for rent in three-bed flat ASAP. So there's a three-bed flat. It looks dinger. We can spice it up a little bit. Give them a guaranteed for the entire thing. So there's so many. And the thing is, when you stop calling people, look, three double rooms, 550. All right. All right. All of them. That's in Brackel Court, London. I don't know where that is. Okay. So you just need to hit the phone, speak to landlords. Tell them you're a company that can offer a guaranteed rent. Don't agree a price to pay them on the phone. Say, "Let's meet at the property. Let's have a chat. Let's look around the property. See if we can offer something of value." Look, four beds, 650 a month. We could rent each room, each room for 6.50. Wow. And the whole thing's 6.50. That's ridiculous. Now, maybe it's not. Maybe I've missed something. Maybe there's a problem. Maybe there's damp everywhere. But just pick up the phone, book viewings, message them on Facebook, call them up. And I want you to fill the afternoon up, okay, with HMOs and landlords, and we'll speak to them as many as we can. Let's see what we can do. I'm on it. All right.
[Music]
Hey Samuel, Amelia, how you guys doing?
[Music]
Why would I bother do it? Why would I give you one of my properties for you to to take to? Right now, I'm basically looking to do to rent a rent. And obviously, I know that you have kind of a lot of HMOs and you're a busy guy. So I'm hoping to to come in and basically make a a win-to-win situation where, you know, you can have peace of mind, you don't have the hassle, and I can deal with everything. I have a number of HMOs. Right, okay. And, um, probably represent just under 100 units, okay, in London. Yeah. Or within the 15-minute drive in my office here. And so, um, I have agents that find me tenants. They used to be all managed by a well-known agency. And so what happened was, um, um, I think they just weren't doing a good job of it. So they're kind of easing off that. But I've got another agent who finds me tenants. They find a tenant, they put the tenant into the property, and I pretty much manage it from there. And so it's just a question of really doing their maintenance, etcetera, etcetera. Uh, yeah. The other, but generally speaking, it's not a tough gig because they're never too far away, only 10-15 minutes away. And, um, you know, it's just making stuff, isn't it? I mean, you get the border checks out once a year. So I can understand you saying that some landlords might be stressed out or overwhelmed. Yeah. Is there any other advantage you could give me? Because I'm not particularly stressed out, I'm not particularly overwhelmed. So how else could you? Yeah, I think that the kind of value that I, I hope to bring to you, yeah, it's just not necessarily that you might might be stressed out, but just like I could take that off your mind. So you should focus on other things. Like you were saying, you want to convert there, you kind of got all the bigger plans. So you kind of got the HMO kind of box tick. So it's more that I can come in. It's not necessarily that you might be struggling with it, or you're just coming and be a bit of a help. Test. So talk me about some figures. What sort of things you're looking at? So I'd want to make it a minimum of 500 pounds profit, um, per deal. And like you said, like obviously, I, you know, me taking one off you might not be that much of, you know, an amazing thing because you're already managing the others. But what I could do is we could try it out on one property. You could see how you find it, and whether you think it, you know, I'm being a help, and whether you see the value. And then we can obviously have discussions after of if there's any further away. So generally speaking, I'm not so sure that's something I'm necessarily excited about. Okay, for the reasons I've given you, and because they're pretty much easy. Most of my HMOs are full. Okay. Um, I would say my most troublesome HMO, I would spend maybe an hour to two hours a week on, okay, which isn't, you know, time-wise, under any circumstances. Could rent to rent work for you? Or would it just, is that not a model that would ever work? I doubt it because I don't have any stress. Remember, pretty straightforward. Because the thing is, I guess rent to rent, yeah, what we're doing works really well when you've got a a motivated, tired landlord that's like, "I've got time, I'm too busy." And it's a bit empty and it's a bit. And then you're getting profit, and then the landlord's got peace of mind and ease. But with with you, because you've got a really good system, yeah, see most of my HMOs, I might have some where I've got one room sticking or something like first. This one, and the agent says, "You just need to paint it. If you paint it, the room will go." Yeah. That's a seven-bed HMO. So six rooms already filled. It's just this one. Absolutely. All right. I felt intimidated. Did you? Because it's just like, it's so weird because obviously you're massive in property, but I know you. So I don't feel like intimidated talking to you because I know you. I work with you. Yeah. But when I talk to a landlord and he's like, you know, I've got... I just often went in my shell and I was just like, I just didn't know what to say. I was mixing up my words. I thought you did really well. I thought you did really well. Yeah. I don't think we'll get a deal from him. Yeah. But he might put us in touch with someone that we can. He's very well connected in London. Yeah. Yeah. He's a big player. Yeah. So, yeah, let's see. Well done. Good job. It's not about getting a deal sometimes. What it is, but it's also about taking the action, pitching, doing it. See more people. See more people. See more people. The more people we can speak to, the more houses we can get, the more likely we're going to get a deal. So.
[Music]
Thank you.
[Music]
Can you see that guy getting arrested? [ __ ] flipping out. They're fully coughing it whenever they're. So this morning, we have been in Croydon. Um, and to be honest, the viewings I had, it just wasn't really working out in Croydon. Um, so now we are relocating to Clapham to try and find something there. And I'm super excited to be honest because if I can find it, I basically found on the Property Investors with Samuel Leeds group, a bit of a lead. It's a weird one because basically there's this lady called Samantha who has a rent to rent on a property. Um, and it's been going really well, but she's moving out of the area. So the landlord wants to find someone else to do a rent to rent on the property. Um, so she's basically posting on the Facebook group. Um, so yeah, obviously that's a massively strong lead because they're actually looking for somebody to rent to rent on the property. Um, and Clapham is just such a good area. Like the demand is crazy. Like I've looked into it and the property is Clapham Junction, and on SpareRoom, there's only 17 properties that are going for rent. So I think it's going to be a really, really good, um, yeah, it's a good lead. Whether I can actually secure it is, uh, yeah, another, another situation that I need to deal with. Hello? Hi. Thanks for taking the call. It's Amelia about the rent to HMO. Hi, how are you? Hi, I'm McKay. Yeah, really well, thank you. What we can offer is 2,400 pound a month guaranteed rent. And so that means no void periods, no hassle. Um, and also obviously we'll manage and maintain the property, uh, up to, up to a certain agreed amount. Um, and then, yeah, basically we can, we can take over the property, uh, as soon as, really. Um, and, yeah, basically get the, get the ball rolling. Does that sound good? Yeah, absolutely. Happy with that. In terms of the, the, the actual setup, it would be, we would pay 2,400. We take care of all little bits and bobs, maintenance, guaranteed rent. Um, we'd pay the bills, and then we would then rent the rooms out to individual professional tenants who we would vet, we would monitor, we would take deposits from, um, we would inspect them regularly. And, um, our profit comes from, you know, if we're renting the rooms out for 9, 950 a month, we're going to make a little bit of profit each month, of course, because we're a business. Um, but then from your point of view, you're getting a guaranteed, um, 2,400 a month. So that's kind of the, the general proposal. So, um, what, what do you mean? All sounds good. She will send you an email with the contracts, um, and the company details and everything like that. And then, yeah, we'll, um, we'll, we'll get everything all, all wrapped up. Cool. Nice one. All right, great. All right, great stuff. Speak soon. Bye-bye. Can you believe? Catching pound a month. You'll make on that. Yeah. Conservatives. Oh, I'm literally. You will need to manage that one yourself. Yeah. Yeah. I'm literally picturing. I don't, I honestly don't even know what to say to the. Exactly. Three and a half. Big bottom line and going up from there. Since the sun has just gone up and up and up and up. And this is where we're getting people literally queuing on the street to see properties. When we get something on, we'll have 10, 15, 20 people viewing it. As soon as they're watching, people are taking things off the back of videos. Yeah. Um, so yeah, that's true. It's in better condition than I was thinking in my head. Um, no, that's great. So we're definitely looking, I mean, easily something north of three and a half thousand, um, at the moment. So you think her room? I'm probably not looking at anything less than kind of 8, 15. Yeah. 900. Yeah. That is crazy. So basically, just went in to a HMO manager in Clapham. And she's just said, minimum, minimum for the property, they'll just see 3,500 for renting it out. And obviously the lady that we spoke to today, Samantha, said that we could have it for her property for 2,400. The one that she's renting out with a minute. Is it? Is this the one on Facebook? Yeah.
[Applause]
So that was my due diligence. I've also looked online and done a little bit more. So I think I honestly think I need to secure that deal before somebody else does because it's clearly a very good deal. Day two, baby! Here in London. I live in London and I know if we did like renting out per night in like King's Cross, it'd obviously do ridiculously well. The problem with with Greater London, with London itself, is if we're in London, you need to get planning permission, okay, to rent a property out on short stays. Let's service accommodation, hotel without staff. This whole strategy, there's a 90-day rule in London. So if we do, can you? So you can't rent it for 90 days. You can rent. We could do rent to rent HMO. But if we're wanting to list it on Booking.com and Airbnb and get short stays, no, you can't do in London. Does it? You can do it for only 90 days a year. Heathrow wins. That. Let's just start hitting these towns. Yeah. And then going into all the agents saying the same thing. But this time, we need to get a viewing today. Once finished recording, please press the key. Hi, my name is Amelia Asante. I'm looking to view the property that I've seen of yours, um, in Windsor. The two-bed flat. Um, yeah, I'm just wondering if you're available at all today. I'm looking for a property in the area. And so, yeah, give me a call back on. Oh, it's because it's too. You say speaking too long? Yeah. I've never had, um, an app tell me to show up. Yeah. It's like, [ __ ] you're talking too long. Are you telling me a life story? Would you be looking to put two people into the reception rooms? Yeah. Yeah. Right, okay. All right, lovely. Thanks. I hope to hear from you soon. If not, but that's fine. And keep you posted. The first, uh, first walk-in, first rejection. Yeah. What do you reckon? I think it was awful. I think it was awful. Well, she was like, I think she was trying to be polite, but obviously she was. Oh, they're very polite in Beckenham's Field. It was like a, "No, thank you, dear. We don't do that." Yeah. But she was friends. As soon as we said, "Oh, we might put people in the reception room." Yeah. She was like, "Close the book. Thank you." But, you know what? You know what, though? That's the worst that can happen. The worst occurrence, you get rejected. Yeah. We told her we're really upfront what we do. She said, "Doesn't really work." So, would you just go in another agent? I mean, there's only about four agents here. And then we'll have to go into another town.
[Music]
A little bit of a unique sort of situation. So I wondered if, uh, maybe we could have a chat and tell you a little bit more about what we're doing. See if you can help us. That's fine. So I was just wondering if you, um, have any properties that might work on a, the landlord will consider on a company let. Okay. Okay. So you've got two two bedrooms at the moment.
[Music]
Oh, that would be really good. Go to Heathrow, go to Slough, go to Maidenhead, go to Marlow. All these little areas. As long as hotels are full, then our service apartments are going to be full as well. Two-bedroom house. All right. Ring them. Just say, "Can I view it today?" And just before, before he says yes or if he's, "Oh, I could just slip in, oh, it's going to be a company. I'm not going to live there myself." But yeah, 2 o'clock's great. I look forward to seeing you there. Come on, man. We just need a viewing. That's a brilliant property. Right, but that's what we want to do. Well done. Good job. Oh, man. Excuse me, do you know where the estate agents are? Okay. Near the castle. Let's go. Thank you, man. One at the top by the castle. Let's go to the castle and let's get started.
[Music]
[Music]
Run down that Airbnb and that kind of thing. There's like short stays. Yeah, we can. It just depends on the landlord. What I can do, I can get their details, put them onto our system. And then if we do, if we do have any, then of course, which is basically where we are right now. Let's look at other properties available. So these properties, yeah, 135 pound a night. Oh, Marina's Place on Airbnb is usually fully booked. Why? Like, wait, what? Like, surely there's like hotels in that area. Don't people just go and stay in like the actual hotels? Well, we just went into that hotel and it's being refurbished. Yeah. I mean, they'll do a hotel, or they'll do, if you go on Booking.com and you look at all the accommodation available, yeah, most of them these days aren't hotels. Yeah. Yeah. Yeah. They're my friggin apartments. But then what happened? Say if a massive like Premier Inn gets built? Yeah. Is that going to take? If a massive Premier Inn wants to build in the area, that just shows the crazy demand. Yeah. That's perfect. Thank you. Bye-bye. Amazing. So we've got our viewing from 20 minutes in Windsor. Um, and it's literally right near the castle. Did you tell him it was cool? Yeah. Yeah. 20 minutes. Yeah. If we get a property here, look at this. There's a hotel. I think I've just put the actual Windsor Castle in one stage. My bad. I've got one minute to get there. Oh my goodness. We're five minutes away.
[Music]
What we basically do is like, it's kind of like a a long-term layer. And we'll agree a price today. And then obviously say five, seven years time, but that's when the property will go through. But in that time, we can obviously rent it out. And we'll give you a little money for the morning. We'll rent it off for 1,300. Five years. Um, we'll pay you your upfront rent, your upfront deposit, but also give you a 3,000 pound option fee, which will come off of the fifth day. Yeah. If we don't want to buy it after four years, we need to give you 12 months' notice. Yeah. And we lose our option fee. We do buy it, then we go ahead and buy it for 450. And we've got, if we don't buy after five years, then, um, we, we lose out. Yeah. Yeah. That's kind of standard. How we do it, isn't it? It suits me because, yeah, as I say, I've got family problems going on. I need to be here, then everywhere. And you're so, you want a month's rent upfront, which is 1,300. Five weeks' deposit, which is gonna be about 1,600 or whatever it is, upfront. And, um, and then yours. And then the keys are made. Great. All right. Well, we'll get your contract over today. And if that's all good to you, yeah, then, um, we'll get the keys immediately and we can get it ready and stick it on Airbnb. Let's try it on it. She'll be honest this evening. As soon as we get home, we'll email it. Goodness. What do you think? So we need to get him a lease option agreement contract and our rent to rent contract now. Before we send him a contract, we need to do due diligence on the area to check that we're definitely going to make money on this. Yeah. He might be rubbing his hands together thinking, "Ha ha, suckers." Yeah. So we need to, we need to check the property out. Um, I did have a quick look, but we need to go and do serious due diligence. And then we need to send him a contract. Yeah. And then hopefully by the end of the day, you will have not only a rent to rent but also a lease option agreement.
[Music]
We'll get, we'll get a contract with you today. I'm, I really want the keys in my hands within 24 hours. He's excited. I'm a pressure businessman. You're a very pushy landlord. Yeah. See you later, Sean. He says he sent off a very pushy businessman. He didn't know you this morning, and now you're asking. I love that man. I love that man. To get back in this field. Beckenham's Field for bums.
[Music]
Hello there. My name is Alexander Price. I'm the local service accommodation expert here in Windsor. I was contacted today by Amelia through OpenRent and I've agreed to go through the numbers with her to help her do the due diligence on a deal she's looking to do in Windsor for service accommodation. So what do you think of this property? Because Samuel seems to think we'll be able to get like maybe a grand a month profit from it. I'd say that's definitely doable. I've seen the property, I've seen the location. You know, lovely. Was it refurbished? Two-bed, two-bath place with furniture. Um, the grander profit should be, should be pretty easy. I think you could even be pushing 1500. Wow. See, to me, I'm still like, I can't get my head around it because all I'm thinking right now is, okay, I have to guarantee a landlord rent and the void periods scare me because obviously, if I can't get this rent, I still have to pay the landlord. Think about all of the things that are pointing in your direction right now. Yeah. There's already hotels in Windsor. There's already service accommodation. Um, you've heard from me that we've had really positive experience this season. Yeah. And, you know, the market's moving towards service accommodation. So I think in a really strong position. That's amazing because you've made me feel a lot more like confident about it because, yeah, hearing that you have 16 now properties in, uh, Windsor that you're doing rent SA across the Windsor months, yeah, that are doing well, is, um, yeah, it's really reassuring. So thank you so much for meeting with me. No way. So Alex was really, um, positive about it. He thought it was a cracking deal. And considering he's got like 16 in the area. Nice. What did you think about my estimations of the profit? He thought you're a bit low, really? Yeah. And he has literally in the same like similar area, kind of like 16. Okay. Shall we go ahead? And the landlord is happy. I've spoke to the landlord since. Okay. And he's saying he wants to, the only thing the landlord's asking for, it's a little bit awkward. Yeah. Is the way we positioned it to him was as if like we had a big established company. Yeah. But if you're going to do this, in your, have you even got a company? I've set one about a few weeks ago. And, uh, but obviously I haven't, haven't been a landlord before. So I don't have like, like I don't have anything. Okay. I reckon we can get around that problem. Okay. We also are gonna have to pay literally like tonight, we're gonna have to pay one month's rent upfront. We're gonna have to pay everything. We're also about three grand option fee. It is gonna be about six grand. So have you got that kind of money knocking about? Um, like it's one of those things that I could, I could get. But what do you mean you could get? Do you have it in the bank? Oh, I do. But it'd leave me with no, like, it'll leave me with hardly anything to like live off. I wouldn't be comfortable doing. How much money you have in the bank? Like, I have probably about seven grand. But like, but perfect. But like, I've got expenses, I've got stuff to pay. I wouldn't feel comfortable kind of putting that all. But you're going to make a grand a month off of this. I know. But obviously, I've obviously I thought we were going to do like no money down. And I feel like that would be better. Like I'd rather like get somebody involved because I haven't got, I haven't got the references anyway. So it's like, why don't I? Okay. So you want to co-rent your rent? Yeah. Okay. Who are you going to bring in? Um, no. Why? No. Why? Okay. I, I don't think it's a bad idea to co-rent. Your rent. With very much. We've got on a lease option agreement as well. I understand. At least they're gonna, at least it leaves us with more money for tomorrow's deal. Very much. We're gonna be getting a deal every day. Every single day. Yes. I just feel like, yeah, I just felt like the math isn't math. Like if I'm doing a deal a day, somebody was like six grand. Did it like, but money. All right, drop a message. Drop a message on the Facebook group and just say, "I've got a deal. Does anyone want to team up with me? I'm looking for someone that's got experience in mentioning it's got a company set up. Yeah. That's got six grand." And we can do a deal. And, okay, you'll be absolutely bombarded. Put it on the group. Okay. Let's do it. Facebook and Instagram are down. I've never known anything like this for this long. And I'm literally patient because I don't know what I'm gonna do. Obviously, I was meant to post the deal on Facebook. And Samuel's on a business meeting now. So I don't really know what I'm gonna do. I tried to mention it to him and he was just like, "Oh, I'll see if I can get people around." Um, so he's got Evans coming round. And I'm basically gonna have to pitch to him. But, you know, I thought I was gonna be able to post on Facebook and have loads of leads and people I can talk to. But now I have one basically opportunity because I need to get everything signed and sorted tonight. And the landlord's waiting. And I don't want him to like, you know, I don't want him to snatch the deal back because he gets like a bit worried or whatever. So I'm stressed. I'm probably not making much sense. But yeah, I'm very scared because I know Evans from like pitching him on the eviction. But I've never done like business with him. And I know he's a hard negotiator.
[Applause]
Amelia is nervous. Hey guys, there, man. Thanks for coming out. All right. All right. So basically, situation, um, Amelia has got a really good deal today, but she needs a little bit of support with her. So she thought you guys might be able to potentially help her out. But obviously, if there is a good deal, or what way, as in potentially invest in it, it's only a renter lease option. Went to man, you'll like it. Okay. So, yeah, what do you, what do you guys think? Yeah, you know, we know the area. So that deal, I mean, that still stacks for sure. I mean, the deal looks good. Um, well, I'm just struggling to find out how, how is this going to work out as a joint venture? How are we going to structure it? I'm probably going to need around six grand to set it up with legals and obviously like sorting right around furniture, all that kind of stuff. And I don't have that money realistically now to be putting into the deal. So what I'm looking for is a joint venture partner that comes on board, puts a six thousand pound in, and I'm happy to kind of take the cash flow that's coming in monthly. And leave the lease option side to the joint venture partner. So they'd get all of the capital appreciation as the property kind of goes up. That's kind of the deal that I'm hoping to to secure. So we put the money in, you manage it, you get all the cash flow, you get all the capital appreciation. Yes. And how would the reference thing work as well? So obviously, I, right now, don't have any kind of landlord experience. But I know obviously you guys have like essays in the area. Um, so obviously I'm hoping with the joint venture part that comes on, that's why you guys, I feel like you guys will be perfect. And because we can use you, you know, your landlord. So we use, so it's obviously put through our company, our reference thing. And then we'd put the money in. Yeah. And then we'd get, you'd get all the cash flow and we'd get the capital appreciation. Yes. Definitely. So obviously, even if that property goes up by 10%, that's 45,000. You a lot of time to get from the, from the cash flow angle. How long have you secured it over? Security for five years. Five years. Yeah. We need to get the contract signed tonight. At night. I know that a little bit of pressure. Um, but we need to get signed tonight. Um, so, you know, how does that sound? I think manages to just sleep on it. Probably just come back to you in the morning. It's just a lot to think about. No, no, I definitely, I appreciate that. I'm just wondering what, what could I say now to make you kind of sign, sign the deal tonight? Yeah, I mean, the deal definitely stacks. It's definitely really good. We know the area. We've got a few exits in the area as well. Our, you know, our only hurdle is the fact that we have multiple agents throwing deals out. So we just, it's just a bit like, you know, for us to put the money in, get a cash flow to be like, we can just find one ourselves. That's our only, you know, hurdle. Not sure. Would you? Yeah, well, um, this landlord is he has a few properties. I'm surprised I've actually not come across him kind of yet because he's got quite a few properties in the Windsor area. So he's really open to kind of doing future business. Um, you know, he was a pretty easy landlord to pitch compared to some people that I talked to earlier today. Um, and I honestly think if this property goes well, he'll be open to doing kind of more, more property deals. You know, he even said like, he's got one that he's looking to kind of sell and for tax reasons, he's kind of needs to do it kind of slowly. So the lease option model actually really works for him. Um, because he can obviously do a delayed completion. So I think it's a really positive kind of both joint venture, hopefully, and also kind of a, uh, relationship with him as well, the landlord. I think probably would just probably just need to sleep on it. What do you think? Just, yeah, I like, we absolutely, we do really want to help. And your point is super, you know, don't think we're brushing out your points. We're not. We're just, we're just gonna, I just think just to like, because it's a big decision, you know, we're entering into business together.
[Music]
What could I say? So we have to be on the table today. Well, do you wanna, should we just take like a few minutes, like 15 minutes or something, then? And then we can just have a quick chat. That was, uh, interesting. My head's like pounding. I'm stressed. It was very tense. That was so tight. I feel like it's awkward when you're doing like, because obviously I kind of say they were friends, like, you know what I mean? They're friends. So it's like doing business with your friends. It's a bit stressful. It's very stressful. Oh God, I hope they say yes. I'm actually fully stressed. Actually. Oh, if they don't say yes, I don't know what I'm gonna do. Like, I literally don't know what I'm gonna do. Facebook is down. I can't. It literally, what am I gonna do? I need to get sorted tonight. I'll try. We already got much time today. You were proposing that we would do all the legals and all the investment for the lease option. Yeah. So that you guys have your names on it and I wouldn't touch that side of it. So we'd be bringing that investment. And all that. What do you, what do you think of it? I'm, I mean, I'm happy with whatever your decision is. It's a lot to process, but we do want to help you. You know, we love you. So you guys have the lease options.
[Applause]
[Music]
Absolutely awesome. Yeah. So if you're going to do a deal a day, where do you want to go tomorrow? So I don't know whether to, obviously I've got the one in Windsor. I've now got one in Clapham. I don't know whether to stay in London. What's the end goal? What do you really want to achieve? Like, here's the thing with you, you're actually a decent job. Employed by a really sexy guy. Great boss. Great. Trying to quit, you know? But, but what's the, are you doing this because? And if you are, it's totally cool. Yeah. But are you trying to get out working? Are you going to retire? I'm retiring. If you are, good. Honestly, in all seriousness, if you are, yeah, I'm totally cool with that. And you don't even have to give me an answer now. But I'm just wondering, like, and it's a bit of an awkward conversation. I'm just like, wondering what's the end goal? Like, do you want to be doing? Because rent to rent, they do take a little bit of effort. Like, you've got, we've now got two rent to rents. You can easily do that on top of a job. But if we get a rent to rent every day, you end up with 10 window rents. Like, realistically, yeah, is it a high-paid job? Maybe more paid than you. But it's kind of like a job. Like, what's the, what's the end goal? So I feel like I've always said to myself, like, obviously now I've got the class over it. So that's amazing because you're gonna make like two grand a month. Yeah. That's insane. That is much. That's what basically makes you financially free in two days. Literally. That was my goal for. I'm turning 25 in January. That was my goal for them to have like 25. Yeah. At least. Yeah. Where we got 24. What should, what, what's the goal? Well, by 30, I obviously want to have like a property. Yeah. Yeah. I think third. Yeah. Because obviously I need to save from these restaurants to them. No, no, no, no. Yeah. Just say, "Oh, you can just borrow money." Good debt, baby. I think as well, I don't think I'd want to buy and look like I'd want to. So obviously from Manchester United. Yeah. And I'd want to because the price has gone up so high now. I want to get it whilst I can and get a property in Manchester, like just around where I grew up. Usually. Okay. So your goal to buy a home to live in? Well, I'm, I'm there like half time Manchester, half time. Don't want to live in London. Don't want to be in Manchester. I'll see you for the job. Could you buy a house? Could you buy a house in Manchester on a residential mortgage? Yeah. Put down a small deposit. Okay. Live in it. Residential house. Part-time. Okay. And then put lodgers in the rooms. Rent the rooms out. You'll pay no tax when you sell the property. You'll pay no capital gains tax. Okay. I recommend you go to Manchester. I recommend you go to Manchester. And I reckon we need to find a house for you. And if we, if we find the deal. But does that mean I have to look? Because I, I like, I do like living it. I feel like I need to live in London for the job. And obviously you're moving between both at the moment. Yeah. Yeah. Yeah. But the moment you're staying at your mom's and you've got your house, sharing thing, it's just obviously the money that I need to put down for the house. Oh, I think let's go to Manchester. United. Let's find a house. Our food has come. Oh, this looks beautiful. Yes. Thank you for fighting for us in the kitchen. I tried not to listen too much, but I had a little tiny bit. Thank you. Big tip coming tonight, baby. So, so you're living at the moment, kind of in between Manchester and London. Yeah. And the thing is, I love London, but it's so tempting right now. I could go and because how much, how much rent? So I paid 950, but obviously I don't for a lot of my job at the minute, I'm working at home. So it's like, I could go to Burnley and be in a potty for like 300 pounds. It's so tempting. But then it's like, I want to be in London and I want to be in a nice way. You should stay in London. Yeah. But you go to Manchester at the weekends. Yeah. I reckon you want to get on the property ladder. You want to buy in Manchester. It's smart. Yeah. Capital appreciation. The market's booming. Yeah. Houses are much cheaper. I reckon we go to Manchester. I reckon we buy a property. We use someone else's money. Residential property. You stay there at the weekends. And then you rent the rooms out to lodgers. Yeah. Got it. I reckon we can find that. Ice tomorrow. You can find a property tonight. Well, we'll see, man. I'm just trying to say in London. What have you ever thought about house packing? What's that? House hacking. So for instance, at the moment, you pay 950 pounds a month. Yeah. And you're in a decent flat. Yeah. It's okay. You could find a big beautiful luxurious apartment or penthouse, Canary Wharf, three bed, three grand a month. Okay. And rent one of the rooms out for 1500. Because big and beautiful in Canary Wharf. One of the rooms out for 1500. And then you're living rent-free in a bigger, beautiful apartment. Rent-free flat in London. House in Manchester that you rent out to lodgers. Residential mortgage. Two deals. We've done two deals already. That'll be two more deals. And we're going to the other day in five days. That just sounds too good to reach me. House hacking, living rent-free, renting out the rooms in London. And could not be done. Of course. If that happens, I'll be in service. Okay. Let's go to Manchester first and find your property to buy. Okay. And then once we've got that done, yeah, then we'll go to London and we'll find a property to live in, house hack tour. And we need one more deal. We'll figure that out. We'll figure that out later. Maybe we'll eat. Hey, by the way, I know my glasses kind of empty, but cheers. Cheers to success. To financial freedom.
[Music]
Tomorrow, we're actually finding your house to buy. So 7:30 prompt. Reception.
[Music]
[Applause]
So today, we're in my home city of Manchester. And we're going to be buying a property with no money down in Manchester. Day three, no money down deal. Let's go.
[Music]
Hey.
[Music]
How are you doing? Hello. Thanks for letting us come down to the house and for assisting. As you know, Meena's doing a financial freedom challenge. And so far, it's been good. Why don't you fill them in as to what's happened so far? Yeah, so obviously, we're on the morning of day three. Okay. Right now, shattered. And so far, it's gone well. So I've currently got a secured rent to SA unit in Windsor, right next to the castle, which, which I'm going to be making probably over 800 on, maybe probably a lot more than that. And on top of that, on the Windsor property, she managed to negotiate with the landlord, an option to buy in five. Don't know how you do years. The plan is now, Amelia wants to get on the property ladder. I must actually buy a house. Okay. So you're 24. Yeah. Turn 25 in January. The goal is before she turns 25, I want to have the keys. So we need to find something that you can buy today, ideally. And tell your mom about how we're planning on structuring it. We were looking for a property whereby obviously I come back a lot. So I really want somewhere to be able to stay. I'll see you doing projects. And I want a base and somewhere in Manchester because obviously it keeps going from price where I can have, you know, a two, three-bed house and rent out the rooms to lodgers. And I've got a room for myself. Okay. So that's what I'm looking for. Um, I'm wondering if you can possibly help today. We then also, fingers crossed, if we get time, gonna go back to London. Tell you about what we're gonna do in London. If we get time, I'm hoping to basically rent a really like beautiful apartment in London for about three grand, maybe two, three beds. And rent the other rooms out and live in there myself. So I can live rent-free. House hacking. Three grand, beautiful, massive. Rent the rooms out. They'll pay her around. She'll live rent-free in London. Then have a house in Manchester on a residential mortgage, which you can get lodgers in. You pay zero tax. Bedroom relief tax. So you're gonna eventually have a free place in Manchester to appreciate in value. A free place in London. Two rent to rent, which is basically financial freedom. So we've got a lot of work to do. But the first things first is I think we need to find a property today in Manchester that you can actually buy and get on the property in the normal to buy. Yeah, I've been saving because I haven't all across that bridge. What I'm thinking in terms of deposit, yeah, if we find a really good house at a good price, standard residential property in Manchester, you'll have to help us find that. The deposit, you'll be able to get a residential mortgage on it because you're going to live there. You're going to vote in the room. You live there. So we'll have to get your decision in principle from a broker, which we can do like 15-minute flat. Amazing. Perfect. Thank you, Andrew. Thank you. Thank you so much, Andrew. Cheers.
[Music]
[Applause] so you can get a mortgage, so you get a mortgage, so you can get a mortgage.
Now, when you see the house, I just thought it was so outrageous. Well, I'll say, I honestly thought, like, my time is only going on by 30. Your, your mortgage interest rates on your own, your interest rates on that loan are gonna be about two percent. It's like free money almost. The deposit, we will find, believe me, if we find the house. So let's get looking for this damn house. Let's go.
Yeah, are you available today? Yeah, so we're looking for a two-bed property that we can hopefully turn to a three-bed, um, for residential purposes. Yes, perfect. It's underrated. We just booked it too. Okay, it's amazing, amazing. But I've just remembered, we've got a viewing at half ten for that property I was telling you about last night with Blaze, the 10-bed HMO. I know it's not obviously one more now, but we need to focus though. I've not seen anything about this property. Is it good? Yeah, you're not allowed to buy it though. I know. Where is it? How does it feel? Oh my goodness. Okay, if possible, right, why don't you continue booking appointments for this afternoon? We'll shoot off. How fast? Okay, do all you can to focus as many of you this afternoon. Just go and view them if you can. If you're not back in time, I'll see you in two hours.
Yeah, we arranged something where we, we buy the property for an agreed amount, um, in five years' time. But in the meantime, you want left to buy? Yeah. So we, we will secure a price today and there will be a delayed completion. So I'll see you guys today, that'll go through, for example, five years, three years' time. And right now, we'll take over the property and managers will be completely hassle-free for you. And but then we'll just have a laser completion. Yeah, I think we're going to take a while to do it up and get the furniture in. So obviously, we'll, we'll hope to have a few months free run. Yeah, two months free rent because I have myself six weeks. Yeah, yeah. Soon come to life and to get people in it. Let me, let me talk to my partner because in that point, I'm partnering. So in principle.
Hello, hello, hello. So yeah, it's going well. We have basically just secured a 10-bed HMO on a lease option agreement. So basically now I'll be able to put down the deposit. Oh my god, it's pretty crazy. Question for you though, right? Have we got, have we got any other viewings today in all around Manchester? Do you know? I've got two tomorrow, one on Saturday, and I've got somebody ringing me at one o'clock today to tell me if we've got one this afternoon. All right, well, that's obviously three minutes' time. So we'll speak later. Okay, cheerio. Hi, bye. Love you. I'm just freaking to see that you're still okay for your viewing this afternoon. Yes. Yeah, perfect. I'll see you soon. Bye bye. Bye. Julia, I'm sitting next to Julie now. Have you got started? He's just doing the affordability. Yeah, it fits on 95 percent with at least one lender. Ah, amazing news. What sort of interest would be expected to pay? What kind of percent? Uh, I don't know. Let's have a look. There, here we've gotta find any interest rates yet on that. Jury, I mean, interest rates for, um, 95 percenters are not one percent or 1.5, uh, because it's high risk mortgage. Um, but it'll be that knowing the lender, it'll be competitive. Oh, she's got it. It's got the terms up.
[Music] 95 mortgage. What the heck? That is incredible. I think you're gonna be able to get that mortgage. I really do. That'll be, it's like free money, man. 95 mortgage. This house, we haven't even seen it yet, but it better be good. I, I like it. Part-time living in London, part-time in Manchester, owning a property. This is a really nice part of Manchester as well, isn't it? Yeah, I think, I think it's just, yes. So it's on the market for 1.90.
[Music] You could rent out that room. You could rent out this room. Yeah. And then the downstairs sitting room, you could turn into a bedroom and live in yourself. It really needs a little bit of a lift. Yeah. But right near your mama's house. What do you think? What are you thinking? I'm obsessed. You love it. I love it. We should, let's just offer on it. I think so. In the street, that type of house, you're selling for 200. Yeah. They're trying to get a quick offer on it. Yeah. I would offer one. I would offer one seven nine. One seven nine. I reckon it's worth one nine. One nine five. On offer 179 and just tell them you've got your mortgage in principle. You've got your broker. You've got your sister. Yeah. One second. On your offer bank now. It's a really solid house. It's a really good investment. Hi, my name's Emilia, and I'm just looking to put an offer on the property on. Yes, so I'm looking to offer 179,000. Okay.
[Laughter] [Music] Yes, I'm good, thank you. How are you? Thank you. I'm just giving you a quick call in regards. That is amazing. That is such good news. You're going to be a homeowner. Oh, what do you think? She needs your right hand. What you're going to need now? She's going to need your mortgage in principle, which you've got. She's gonna need your photo ID, which you got. She's gonna do your correspondence address, which we've got. She's gonna need your solicitor's details, which we've got from from the mortgage broker. Yeah. She's gonna do a proof of deposit, which we haven't quite got. We need to sell these options agreement. Yeah. And we need to sell it now. Right. We need to sell it now. We need to get an extra few thousand in your bank, right? Freaking now. And then we've got that short deposit sword. But you will have to spend everything you've got on this deposit. Yeah. And then the rent to rent, we've obviously negotiated no rent upfront for the time being. I've had the offer accepted on the house. The one you're joking. What did you offer? What's your favorite? 179 with a mortgage offering in place. 95 percent mortgage with the interest rate of two and a half percent. Done and dusted. And four and four thousand pounds. And four thousand pounds hopefully coming tomorrow from a deal that we packaged today, which will go towards the very tiny deposit.
[Music] Well done. I'm really pleased. Good job. I'll live down the road. So what you're doing up HMOs and Phil's own building site. I've got someone to stay. Add somewhere for you if you're playing. Yeah, that's unbelievable. I can cancel all these appointments. Yeah. I did when I said she'll buy something in the next two days, I was being serious. She wants it. She's already done it. Oh my god. Yeah, that's a great house. It is a great house, isn't it? Yeah. Honestly, that I'm so thankful because I literally, I couldn't have done it without you. If you, you doing the viewings and when we were going to find deals, honestly, honestly. Together, we've got a lot to do. Yeah. Back to London. What are you up to? Pitching in front of investors tonight. 100 investors. Yeah. Trying to sell a deal. Find a free flat. Now you've got your free house. So, um, we've got about eight. So we're going to shoot. Do you want to take the car? Thank you.
[Music] Well, we've literally got like, um, three minutes. Okay, so over to my wonderful friend, great person, Emilia. Asante told the Samuel 365 family, and thank you for all the support in the comments towards what we've already done in the challenge. It's a 10-bed HMO lease option agreement. It's incredible. They're super, super motivated to sell. I've actually, I've had a handshake on it. We're still in kind of negotiations, but you said in principle, I'm happy. Um, so that's an incredible deal. Um, so yeah, I am completely open. It's a BRR, so there would need to be to be works on it, and I'm looking for a 4,000 pound finder's fee for that deal. Okay. So someone's just called me. It's literally 9:32. We finished two minutes ago. Three people have already messaged me, and I've had about three calls as well. You can literally see on here like, "Hi Emilia, Rosalind here." "Hey Emilia, Fabian here." "Hey Emilia, I'm interesting your deals, give me a call." It's been like three minutes, honestly. So I personally think it's very late. Yeah. So I would probably shake your speaking tomorrow, and then in the morning, I need some training with you. What to say? Perfect. Tomorrow's gonna be dear selling day. So it is past 11 p.m. at night. I think Samuel wanted me to go to bed. Um, but I've got a lot to do. I've gotta reply to these messages. I've gotta get some contracts drawn up, and hopefully getting to check them over tomorrow. Um, so yeah, and I've got the call at 6:30 in the morning tomorrow. So it's gonna be a busy time, but yeah, I'm just, I'm just excited. It is nearly 3 a.m. in the morning, and I think I need to get some sleep.
[Music] What we'll do is obviously, I've got your email now, so I'll send over an NDA, and and once obviously you've signed that, that I think that can send you all the details. Um, yeah, so I'm just going to be completely kind of upfront with kind of where we're at with the deal and like the situation with it. So it is, um, the sort of thing that we are kind of still in negotiations right now. Um, but the landlord is completely down for doing the lease options. He's, he's actually reached out to me this morning. Um, honestly, he's reached out about another deal in, um, in Stevenage. So he's basically got a portfolio that he is looking to to get rid of. Need so, um, said it needs to be redecorated. What about, what about all the things like the roof and windows and all these type of things that doesn't need outstanding? Prefer just give me, give me just give me a vision right now. Right. I have a front garden and a gate. Yeah. It has like a small kind of a, I wouldn't really call it a garden. It's, you know, a little path up to that. Is like, I just don't, I actually don't think we're gonna get it sold today because people want to go and view it. Um, I'm just a little bit worried. Tell me what JL said. So JL's obviously done lots of deals in the area. Yeah. So she's kind of quite thorough and literally knows that all the questions that you have. Does it have planning for a 10 bed? Yes, it does. Does it have commercial boiler? I think it does. Does it have updated electric unit? Is it? Oh my goodness. Is there something that are there any cracks? Are there any toilet flush? At the fire doors? What's the condition of the roof? Okay. I just don't feel prepared for it. I feel like I'm getting swamped by questions. What you need to do is you need to sell it. Yeah. Get four grand. Yeah. Sell it and send some. Look, give me the money now. Yeah. Then you can go and view it. You can meet the landlord. And if you don't like it, then I'll find you another suitable property. Yeah. And if I can't do that, then I'll refund you. But I need the money because otherwise she's like every Tom, Dick, and Harry because everyone wants it. Yeah. They just don't want to pay. Yeah. Yeah. But what if, what if they do pay, but then they go around and see it and they don't like it, then? And then it's two weeks, and then I find someone else for the landlord. If they, if that, no one's gonna pay you four grand for a laugh. Yeah. If they pay you four grand, they're serious. Yeah. They pay you four grand. Yeah. Let them go look at it. And if they don't like it, offer them either six weeks to find a replacement or a refund. And for the landlord's sake, will they be annoyed that I'd have to bring somebody else in? I don't think they were. If they pay four grand, they're going to go ahead unless the deal sucks, in which case you don't want to sell anywhere. But it doesn't suck because we've seen it. Yeah. Call Jay again and say to Jay, I can't answer all your questions, but what I can do is I can show you around the property. You're going to love it. You're going to meet the landlord. I don't know how many, how many electric sockets are in the rooms, but let's go and have a look at it. But I need your money to show me that you're serious. How would you like to pay? Oh, I'm not sure if I can put the funny clubs in. I'll give you a contract with terms and conditions that Samuel has put together, which is going to protect you to mean you're entitled to a refund if you don't other property, or and I'll become your personal property finder for six weeks, and I'll find a suitable replacement. How does that sound? Great. How would you like to pay? Okay, go on. Just do your best shot. And if they don't want to pay, then next, you've got about 15 people to call. Yeah. And I honestly, I really think this deal would be, would be perfect for you. Um, and I want to do business with you long term. And so I was just going to be like, you know, how do you feel about that? I mean, yeah, absolutely. You know, I think you're amazing. So I would love to do business with you. Yeah. No, that, that's amazing, amazing. Because what I'm thinking now, like, here's what I think needs to happen now. Like, I would love to show you kind of around the property, um, but I would need to reserve it for the 4,000 pound fee. Um, and what I can do is obviously, I'll send over the terms and conditions, and that basically says if there's any problems, um, you know, you're entitled to a full refund. But first, I would love the opportunity, and if it does fall through, to have like a six-week period of being your personal property finder and finding you, you know, another amazing deal should this one not go through. Yeah, absolutely. I mean, look, you know, I know you, and you know, I definitely want to work with you. I think, you know, I definitely would want to see the property, and I definitely, you know, would want to know, join the club. You know, a small amount of that, you know, the amazing profit that you'll make, and obviously, there's so many people that really want this deal right now. And I'm basically calling around people because I've had similar kind of conversations, and and now I'm just, you know, whoever basically makes sense the the finder's fee, um, which under obviously the term, the conditions that we said, you know, it will be funded from the world if it does fall through or should you not be happy with it. I mean, what do you envision? Is you're an expert in the area? You know, I think, I think it's good for you to see because I don't know even how much you'd want to, how nice you'd want to refer, but for example, and so obviously that that would be the sort of thing that it would be best. I wouldn't want to put a figure on it. Um, but obviously we will go around the property and I'll get you a viewing as soon as possible. And she still got the address. 14 people want to see. Run down it. Have a look at it. Do my own calculation. And then like, once you need to pre-qualify people. Everyone wants to see it. Is that, is that something that you're bullshitting? Well, yeah, is it literally so many people that kind of want to? I've even got, you know, some investors in Huddersfield that are also wanting to see it. And so obviously for me to to work, and obviously this one as well, it's still in negotiation period. So basically, I just want to secure. They want to get it. And then from there, I can be just directly that one person and negotiate with them. Because this is the investor, they're having, they're coming for another viewing. This is the person that's going to be buying it. And then it's kind of because I don't want to basically with the landlord be like, there's this person coming to see it because already we had a few of us there the other day. Um, honestly, I think, you know, I honestly think this will be perfect for you. So I'll send over the terms and conditions and the bank details, and you know, we'll get moving. Yeah, honestly, honestly, congratulations because it's, you know, it's a brilliant deal, and you know, people are going to be very sad when I'm telling them it's not available, and you're looking forward to working on it, and I'm looking forward to working together. So amazing. Thank you so much. No worries. Thank you. Meet you soon.
[Applause] How does it feel? It's scary. It's a lot of responsibility. It's a lot of responsibility because it's, you know, the reason why when you, when someone's paying you money, the reason why they're paying you is for value and also the responsibility and trust. And it's a lot. But we still secured the deal yesterday. Yeah. And it's a really good deal. But you've got an exit strategy if it falls out of bed. Yeah. And then you've got another rating strategy. And it's all going to be written in terms of conditions, so that she's safe, you're safe. So well done. Kill you. Killed it. It's like racing. I need to get this sent over to her. Conditions. Yeah. And get them signed ASAP. Okay. So it is nearly 6 p.m. and I have been on admin all day. Um, this probably isn't usual for like a financial freedom challenge, but it has to be done. Like we've done so many deals at the start of the week that I was getting chase contracts and all sorts. So today I've basically just been on like deal selling and admin. And so I'm just going to give a rundown of kind of where I'm up to. The rent to HMO in Clapham, uh, the ball is out of my core. I've sent the contracts over. The renter SA deal in Windsor, we're just waiting to hear back from the landlord and have everything signed so I can get the keys, which is amazing, and I'm so excited about it. And then also often, can I send in my details to the property from yesterday that I'm buying? So yeah, it's been a, an admin, paperwork, kind of boring day, but it is so important because if you don't, you'll lose deals if you're not on it with your paperwork. Um, so yeah, it's super important. But I'm just hoping that I get paid tonight from the deal that I'm selling my name.
[Music] [Applause] [Music] Oh my goodness, she's been deal sourcing like a proper girlfriend. Hello. On Monday, I secured a rent-to-rent HMO in London. Done. Signed. On Tuesday, there's more. I secured a lease option agreement, service accommodation deal. Done. Then on Wednesday, I secured my own property that I'm buying. Oh my god. 479,000. And how I'm gonna finance that? U.S. Yeah, with a 95 mortgage on 2.5 percent interest-free money. Yeah. And then I got signed by JL, a non-disclosure agreement because she liked a deal that I found. Wow. And she signed a turning condition. Whose terms and conditions? Mine. And Santi's.
[Music] [Laughter] [Music] Is incredible. Honestly, I can't. It's not real. I feel like I'm in a dream. Is it time for a drink? Or we've got more? We've got more to do tomorrow. More to do tomorrow, baby. I've got at least day today. Amelia's going to get some keys. Become financially free. Bye. When I get the keys, it will feel real. I feel like that'll be the bit when I'm like, okay, sign, it's sealed, it's happening. Yes. Yeah, it will. It will feel real. Let's get those keys in, baby. Hey, hiya. Good to see you guys. Good to meet you. Oh, yeah. So will the contract start officially on the first, but we'll be able to get the, we'll be able to start doing stuff this month. This is exciting. You are, you are a landlady. It's official. Amazing. Thank you so much. It's all starting to, it's starting to feel really.
[Music] That's a good thing, man. I think this is the newest building involving all the wharf. Okay. It's been built by Canola World Contractors. Highest quality.
[Music] [Music] Oh, yeah. So both the rooms are exactly the same size. What's, what's the wardrobe's facing? That's one biggest. The biggest one, if you can see anywhere. Okay. How tall it is. Literally two times bigger than the other two. Two one. Sweet, man. Look at this. Imagine this from just a long swing. This is, yeah, this is one of the biggest around. Massive. We've got a few different ones. We're looking at obviously, we want to do business with you, but, um, should we have a little quick chat? And then we can maybe. Of course, I'll let you guys talk about it. Just tell them exactly what you want to do. To be upfront. Completely over the top. Courageous. Okay, this is what I'm going to do. Oh, wow. You got the inside area. Outside the area. Super nice. Yeah. Look at that. This is, yeah, all the buildings can all walk around you with massive attention. Shows with the Real Housewives over there as well. How did you get here? Like celebrities and well, obviously celebrities. You got always in Kenya. If you got celebrities leaving around because of the safety, it just suits you. It suits you. You have to live here. You got loads of professional people working, kind of bankers, accountants, people working in finance, you know, mostly you get nice people. You don't get rough people around or I don't know, people that you're going to enjoy living with them. Take the money. So I just want to say, firstly, thank you for showing us around because it has been a bit last minute. You know, probably, you know, Samuel pulled a few strings, but I just wanted to completely level with you about what I'm having to do with the flat. So obviously, the three-bed is beautiful, and I would, I would love to take that on, and I'd love to live there myself, and basically rent out the other two rooms. Okay. Um, and hopefully at a price that would mean I'm living rent-free, if not close to that. Okay. Well, to be honest, most of the landlords were the agree to that, but as it happens, this landlord would, I know him. We could saw. Yeah. Price-wise, he's looking for 3.5. It's a bit high, but how much do you think that the rooms would run out individually? I reckon 13, 1300 easily in a place like this. Yeah, easily. Okay, so 13, 30. It's like I would need it like a lot cheaper to be. I mean, do the strategy, we could work that out. Obviously, 3.5 is not quite sad. We're going to give it some more. We might could saw it at around 3.2 or 3.1. Definitely nothing less than that. What, what is, if you, what, what's the lowest? The lowest you could pay for a good tenant, clean young professionals, and also when is it available from? When's January? January next year. Yeah. So we can literally get, get it lined up ready. That's good. You know, you've got three months' time to rent out the rooms. Actually, so, you know, when you're moving, you've got the people ready. You don't need to pay the first month when, yeah, they're finding the people. So the only issue right now is the price. Uh, we could work that out. I think honestly, 2,800 is that something that the landlord would be interested in? 2,800 would literally mean that we'd achieved, you'd be a hero, and it would mean that we've achieved the ultimate goal, really, isn't it? Yeah. I mean, I have to talk with the lander. I knew that I would accept for a good tenant. I mean, older than like, that they prefer to have a good tenant. They don't mind getting a lower price. Yeah. I think we could work it out. I think we could walk. And if we could have worked out on this three-bed, would you personally help me find another property? Look around hundreds of factory apartments, if not. Yeah, the 100 other properties that I could sort out for you. What do you think of the idea of the house hacking idea of renting a property and then renting out the rooms? Amazing. Absolutely amazing. Why should you pay crazy rent? Yeah, then you could rent free. What about references wise? Obviously, she's doing a good job. Well, um, I think she's going to post the references based on the information that she gave me, but maybe maybe we need a guarantor. Maybe, which if you find your talent before we start, we could use one of them for the reference. I'm sure with Samuel, I'm sure because he could help. I'm sure we could got a bit of money. I'm sure. Yeah. Oh, brother. You know what? I appreciate you so much for helping him out because this is like a dream come true for Amelia. So I'm sure she would kill it. The information that you're gonna get. Oh my god. I'm just thinking about it now. You're gonna do the same thing. You're gonna win. Yeah. No, I thought about it. I was like, with the information that she gonna get, and I'm gonna get, well, we're gonna kill it. Yeah. Honestly, we're gonna kill it. Don't worry about it. You're gonna rent them out. Nice price. Maybe you need to pay five, six hundred pounds, which is nothing. Yeah. Just area. Yeah. Of course. About 900 pounds every month, you know? Yeah. So definitely, definitely get to do business with all of you, and I'm sure you're gonna enjoy it. You're going to love it. No, no, thank you to you. This week, it's literally been the best week of my life. Like, the best week of my life. I'm so glad. Well done. I don't know, but thank you to you because on it, like, I just, honestly, I don't think you would, like, I don't think you understand like how much.
[Music] We need to celebrate. Yeah. We're gonna go to the club. We'll go home.
[Music] Feels good, baby.
[Music] Hey.
[Music] [Applause] [Music] [Applause] [Music] [Applause] [Music] [Applause] [Music] How's it going? Yeah, really good, thank you. I'm literally just in the Windsor property now. It's been full every day since I got it. So this is the first time I was like, let me come down whilst there's like the window between cleaning. Hang on. So when you got the keys, yeah, you listed it. How long did it take to start getting people coming in? The day that I got the keys was the day that I had the first guest. Oh my god. I wouldn't recommend it, but it worked, and I've been getting good reviews. So I got my first review. I'm so happy. Well done. And it's been fully booked, literally every night. Literally every night. The location is incredible. What about the other deals? Clapham, how's everything? What's happening? Yeah, so the Clapham one, it's now full. Um, initially when I took it over, I thought one tenant was moving out, and it was actually three. So initially I was a little bit like, oh, a bit worried, but I wasn't like, like two weeks, like the rooms are just going crazy, and the reference is like, profit-wise. Yeah. What are you thinking over the two, uh, over the Clapham and the Windsor property? No less than 1,500. What's, what's happening on the, on the deal sourcing side of things? Yes, so the deal is that sold in the week, and it's still up in the air with the landlord at the minute. So it's not 100 percent confirmed. Um, however, I've got loads of, uh, juicy deals in the pipeline, and I've also got a joint venture partner, and we're looking for a deal to do together, maybe like a commercial to residential, which is really exciting. And and also in the last few weeks, like since the challenge, cash 8,000 pound I've made, uh, for a deal. So yeah, yeah, yeah. Mortgage offers in, and yeah, it's, it's progressing. So I'm really happy with it. And otherwise, I know you took, um, a week off, and then the following week as well, you had to clean up every, all the mess that we had and get everything systemized. Um, what's, what's, what's the plan? I feel like I love entrepreneurship, and I love having a business, but I also love career progression, and I love the company, and I just think, yeah, I just think I'd want to stay around a little bit longer if you'll have it. So I retired for you just to come back anyway. We'll do a full proper sit-down, 45-minute interview about exactly what happened and what you're doing. So if anyone wants to see that, subscribe. I'm sure you'll be okay to do a sit-down interview. Of course. And in all seriousness, well done. It's just a joy to have been working with you and seeing you become a property entrepreneur and financially free at 24 years old. Oh, thank you so much. It wouldn't have been possible, obviously, without your help, and it's just been, it's just been a crazy time, and I can't wait for other people to hear the story.
The people really want to know who I stop and steal when is see me if a city wants no need to repeat run up on me watch you fall to your knees tip my head when it's time for the kill ain't no beast when you're really real I am the boss I am the dawn I am the one they call lucky charm got my own [ __ ] I don't need your farm life was so hard it made me weak built to last this girl ain't weak sturdy and still when I plant my feet got it out the mill and I was racking my sleep look to God he supplies my needs endless faith is what brought me next level prosperity.