You may remember last week I shared with you my very latest property deal. I wanted to share this with you to show that anything is possible when you have the right property knowledge!

I also promised on last weeks blog, I’m going to share with you some of the very first deals I did and an overview of the strategies that I used that took me to Financial Freedom.

Ready? Let’s dive straight in…

Buy to Let

This was the very first strategy I started implementing when I began my property journey over 18 years ago! I scrimped and saved to attended a property conference in London and about 98% of when the trainers told me went straight over my head! However, I understood the concept of buying a property below market value, adding value (such as a new kitchen and bathroom) and then remortgaging it for the higher amount to withdraw the deposit I initially secured the property with. I would then secure another property using the same deposit. The houses I renovated were rented out to people that were in housing need, just like I was when I left my husband and returned to the UK.  Although I was so excited to be helping people, I was also sooooooo scared! In fact, even though my first property was incredibly successful it took me a further 9 months before I had the courage to complete my next deal. I had no professional network around me to support and encourage me so I felt completely isolated. This is why through all of the mentoring and programmes I offer, I always make sure everyone is supported and knows exactly where to go if they have any questions etc. When I reached 13 properties, I quit my job as a massage therapist and solely concentrated on property. This strategy is still so relevant in today’s market as there are more people needing rented accommodation.

Buy to Sell

As my portfolio grew, I made a conscious decision that I wanted to start selling some of the properties that I had developed. Using the same strategy as above, by adding value I was able to sell them for a larger lump sum rather than waiting for the rent to be collected each month. As I bought the properties in such a poor state of repair, they needed a serious face-lift which increased the value. Again, this strategy is still used in today’s market and if done right, it can generate a large lump sum of profit!

The HMO model

When I felt like I’d mastered the Buy to Let and Buy to Sell strategies, it felt right for me to move onto the HMO Model. A HMO property may also be known as shared accommodation. This is where the tenants will have their own bedroom but share facilities such as kitchens and bathrooms. As this is a shared facility the specification of the property differs from that of a single use property so I recommend you do your research and due diligence of the area before committing to this strategy.

warmsworth-before-after

One of the first HMO renovations I did was converting a huge house in Doncaster to a 14 bed HMO. This property had been on the market for over a year and due to the size no one had made an offer. So with that I mind, I carried out my due diligence and saw a gap in the market for affordable, single use occupation. I purchased the property for £116,000 and after all of the building works etc. I still made £183,000 profit. I sold the property to an investor who was interested in collecting the weekly rent and to add it to his portfolio.  Again, this property strategy is still so relevant but you must do your due diligence before committing to this strategy.

I hope an insight into these few property strategies has got you thinking about the possibilities!

If you’re interested in property but feel like it’s out of your reach or if you’re a landlord and feel a bit stuck, why not come along to my next live day in Birmingham? During this day I will be giving away some of the strategies and key mindset shifts that have enabled me to grow and develop through property. Simply click on the link below for more information:

I absolutely love hearing from you so please feel free to leave me a comment below this blog or on my Facebook and tell me what strategies you are working on or what you would love to get out of property.

Live the Life you love,

belinda grashion

13 Comments

  1. Simon Tim Muwanguzi

    This piece is very insightful and so helpful … Thank you ever so much for sharing this information with us.

    Reply
    • Rebecca

      Hi Simon,

      Rebecca here from the BG Team

      Thank you for your comment and you are very welcome!

      Keep your eyes open for more information on our website.

      Or if you haven’t done so already, why not subscribe to our regular emails which will provide you with lots of hints and tips. The emails will also let you know about any events which are coming up which you can attend to get even more information!

      https://belinda-grashion.clickfunnels.com/hpb-thankyou

      Kind regards,
      Rebecca x

      Reply
  2. Lynne James

    Unfortunately, I cannnot make the 26th November as it’s my Son’s birthday. Will you be doing other similar training days please?

    Many thanks and kind regards.

    Lynne James

    Reply
    • Rebecca

      Hi Lynne

      Thank you for your comment.

      We have just SOLD OUT for the “Live a bigger life” event next month. Which is in record time!

      There are talks of holding a further event, however I am unable to provide you any further details at this moment in time.

      However, if you have not already done so, why not register to receive our regular emails which will provide you any updates that we have concerning any further events!

      We would love to see you at one of them!

      Kind regards
      Rebecca x

      Reply
  3. Aideen Connolly

    Hi Belinda,
    Very interesting as property development is something I have always dreamed about. Can you give advice as to how to come up with the initial deposit for a property to get started on this journey?
    Many Thanks

    Reply
    • Rebecca

      Hi Aideen

      Thank you for your comment.

      Belinda has a number of ways you can get the finance side sorted, however without knowing your circumstances, it is hard for us to be able to advise you which would be best for you.

      However, if you have not already done so, why not register to receive our regular emails. We have a number of emails which provide you with information surrounding securing finance to get you on your property journey!

      Kind regards
      Rebecca x

      Reply
  4. Jane coull

    Hi Belinda
    Have been interested in property developing but it has always seemed something other people with loads of money did! I am looking for a better way of life and would like to find out how to do this. I would like to come to you seminar in Birmingham in November but it’s not an ideal date can you tell me when your next one is? Best wishes to you.

    Reply
    • Rebecca

      Hi Jane

      Thank you for your comment.

      We have just SOLD OUT for the “Live a bigger life” event next month. Which is in record time!

      There are talks of holding a further event, however I am unable to provide you any further details at this moment in time. But keep your eyes peeled for more information on our website and via emails.

      Kind regards
      Rebecca x

      Reply
  5. Cindy Demain-Griffiths

    Cannot make it to Birmingham. Our home has a very low mortgage on it. Just £32000 and the house is valued at £550000. Do I remortgage our home to get a deposit for another property?

    Reply
    • Rebecca

      Hi Cindy

      Rebecca here from the BG Team. Thank you for your comment.

      Without knowing your full details it would be difficult for me to advise you what you should do with the equity in your property. To get more information, why not fill in our questionnaire? We will then email you to invite you to attend an exclusive and very informative webinar. Once you have viewed this webinar you will then be invited to a telephone call with one of our team experts.

      Below is the link for you to complete the questionnaire. Just scroll to the bottom of the page and click the next link to complete the questions.

      https://belinda-grashion.clickfunnels.com/freedom-mastermind

      Hope this helps

      Kind regards,
      Rebecca x

      Reply
  6. Rebecca

    Are you going to do any in London?

    Reply
    • Rebecca

      Hi Rebecca

      Rebecca here from the BG Team. Thank you for your comment.

      We have just SOLD OUT for the “Live a bigger life” event next month. Which is in record time!

      There are talks of holding a further event, however I am unable to provide you any further details at this moment in time. But keep your eyes peeled for more information on our website and via emails.

      Kind regards
      Rebecca x

      Reply
  7. Michelle Welch

    Hi Belinda, I just want to say that your story and your blogs are so inspiring. I have registered for the event on the 26th and am pretty excited to hear how you what you have to share with us. I have made a decision to become financially free!

    Reply

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