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How To Invest 拢10000 In Property | How To Invest 10k - YouTube
Channel: Your First Four Houses
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in today's video I want to talk about
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how to invest ten thousand pounds in
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property and I've got seven different
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ways that you can do it hi my name is
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Tony Lal from your first four houses and
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my channels all about helping you
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achieve financial freedom through
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poverty if this is your first time here
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be sure to subscribe to the channel and
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click that bill notification icon so
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that you don't miss out you need the
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free content that I give you each and
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every week so let's really quickly set
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this up let's imagine that you've got
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ten thousand pounds to invest and you
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want to build a passive income are ye
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not an income that's based on you
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flipping properties on a regular basis
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it needs to be relatively passive and
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you want to actually replace your job
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based income within say a couple of
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years so the first thing to recognize is
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that sadly ten thousand pounds it isn't
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a huge amount of money to get started
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and so now it's 10,000 pounds needs to
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work really really hard for you you
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can't afford to lose it so I see this
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whole process as having two distinctly
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different stages the first is to build
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your investment pods so by that what I
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mean is you're going to take that 10,000
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pounds and turn it into 15 you'll take
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the 15 reinvest it and turn it into 20
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the 20 into 30 the 30 into 50 and so on
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and so on only then should you move to
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the second stage which is to build your
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cash flow so by that I'm talking all
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about you not focusing on your cash flow
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today so if you want a job that you hate
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sadly you guessed it I'm suggesting that
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you stay in that job that you hate at
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least for now and least until you built
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that pot so you can start investing a
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little bit more cash into better cash
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flowing cash flowing type deals you see
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in my opinion property is never going to
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be a get-rich-quick scheme I know other
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people say that it might be I don't
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think that that's the case if it takes
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you 12 to 24 months to replace your
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income I think that's okay it took me 18
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months to replace my income for my
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kitchen business as an example and as I
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say I think that's okay so first things
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first you've got 10,000 pounds I'm going
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to suggest that you carve off a thousand
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pounds see and you're gonna use that
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thousand pounds to cover things like
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expenses so you can
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in the bank you can use it to cover
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things like your business cards maybe
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attending some property networking event
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so indeed business events for that
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matter there's usually a cost associated
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with that I would love you to pay for a
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conversation with the property savvy
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accountant for example so in reality
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you've actually only got 9,000 pounds of
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investable cash so what can you do with
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9,000 pounds well first the really
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obvious one you could flip a cheaper
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house and there are places in the
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country where you could take your 9,000
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pounds and buy as a deposit and buy a
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cheaper property but please please
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please be really pessimistic really dare
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I say negative about the numbers because
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so many people get called out in this
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regard and if you're a single person do
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I say
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is there an argument to move to their
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area so move into that new location so
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you can really be on the ground and
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actively finding deals in the area
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rather than it maybe being four five six
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hours drive away from where you are
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could you perhaps turn a one-bedroom
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flat into a two-bedroom flat there by
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adding massive real value in some areas
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you could do this with nine thousand
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pounds of working capital so here I know
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I've talked about this before but I'm
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referring to you find a place with a
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really big loungy kind of area and you
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take the kitchen out of the kitchen
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space and you put it into more of an
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open plan kind of lounge kitchen living
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area and you turn what was the kitchen
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into the second bedroom this can be a
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fantastic way to add real value could
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you perhaps control a property using a
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property option and then add some real
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value now I if you're not aware what a
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property option is very very very
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briefly it's the ability to actually
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control a property so you have the right
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to buy that property but not the
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obligation to do it to to buy it there's
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a lot more to it than that but very very
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briefly that's what it is and it's a
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great way to actually control properties
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meaning that you don't necessarily have
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to put a lot of money into the deal and
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then once you've controlled it you add
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some real value and so here I'm not
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talking about you know a liquor
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paint I'm talking about real value
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you're gonna maybe get planning
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permission to build in the garden maybe
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turn the property to two houses two
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flats etc in fact if you want some
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really great examples of how you can add
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real tangible value click on the link
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here and it will take you through to my
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property mini course it's completely
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free and in there are only through
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twelve really detailed ways that you can
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add real tangible values and most
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properties by the way if you're finding
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this video in any way helpful it'll be
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awesome if we could just click on that
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like button it really helps me if that's
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ok could you perhaps do to rent - rents
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now
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I know I mentioned earlier on that right
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at this first stage it's not about cash
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flow well I still think this applies
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here I'm suggesting that you do to enter
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rents for a different reason I want you
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to do a rent to rent or two because you
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could just about do that with nine grand
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because I want you to document
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everything that you do with that with
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those two projects so I'm talking you're
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gonna film before and after walkthroughs
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I want you to do before and after
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photographs I'd love you to get on
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camera you know like I kind of do do it
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it's great fun but do it and and that
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way you're going to be building up your
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kind of your meet your social media
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presence your presence in the in the in
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the world that's out there in the
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property world and it's a great way to
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kind of attract investors to work with
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you but more importantly but it's only
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finished that project but somebody got
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PDF showing this before and after photos
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some before and after videos as I
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mentioned maybe before and after floor
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plans and so on when you're sitting down
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or puts it a property obviously and
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investors gots a hundred grand in the
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bank and they they sort of look at you
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and they say you know what I like
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everything about what you're saying to
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me but what have you done before that's
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when you can bring out those two
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examples it's a great way to demonstrate
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that you that you're walking the walk
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you could use that ten thousand pounds
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to advertise for motivated sellers now
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again if you're not sure what a
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motivated seller is please check out my
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mini course because I talked all about
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it in there but this is a fantastic way
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to find really awesome deals and often
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when you're working with a motivated
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seller you're going to be using creative
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solutions that don't require you to put
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in a big deposit again there's a lot
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that I call
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about here but we don't really have time
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in that regard and to be honest with you
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that's how I built my portfolio I used
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to work solely with truly motivated
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sellers and it's a great way to build
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your portfolio portfolio really really
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quickly
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could you JV with the seller this sounds
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like a really weird one but in some
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scenarios if the owner of the property
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is just gonna take that money once he
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sold it and he's simply gonna put it in
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the bank could you maybe actually work
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with them and just simply add some
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substantial value to that property so
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they're gonna be doing most of the
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funding here you're going to use your
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money to maybe control the property
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using an option for example and it's a
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great way to actually work a win-win
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solution solution with a with a seller
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of a property maybe somebody who's been
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sitting on the market for eighteen
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months for example without being able to
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sell so again here you're going to be
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looking at adding real substantial value
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and you're going to use your nine
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thousand pounds to pay for things like
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the legals like the planning maybe
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surveyors this kind of thing and then
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again you split that up lifting value
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once you've added the value with the
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seller maybe do a kind of 50/50 win-win
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deal could you maybe become a deal
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sorcerer now you're going to use that
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nine thousand pounds now to actually
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secure deals
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I would suggest with regards to options
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but you also the news at nine thousand
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pounds to pay for any marketing costs
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and so on so that ultimately when you
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sell a property on your money is going
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to be absorbed into that it's a great
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way to actually again build your product
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really really quickly by making smaller
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lumps of capital a smaller lumps of cash
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really quite quickly as an example I
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once pay the sorcerer a ten thousand
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pounds for a deal and to be really
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honest with you for the same deal I do
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there every day of the week if I could
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because it was a fantastic deal it made
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me a lot of money so that is another
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really good example for you so there you
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go that's seven different ways that you
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can take ten thousand pounds and invest
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it in poverty and if you want to check
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out my mini course and you click on the
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link here on this
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box below and I'll get lesson number one
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straight out to you
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