Below is an example of how my property in Bracknell is making my £2k a month NET.

The property is a 5-bedroom semi-detached house with 2 reception rooms, spacious kitchen and utility room, a bathroom upstairs and a cloakroom downstairs. All the rooms are of a good size and 4 of them are double rooms.

The outside area is large and spacious with driveway parking for 3-4 cars.
The property has been recently refurbished to a high specification, including a full redecoration, new kitchen, new bathroom and carpets.

My qualification criteria included but not limited to the following:
1. Six let-able rooms immediately (each room has been let out to a professional tenant)
2. Potential for a garage conversion to a studio subject to building control consent.
3. No refurbishment costs.
4. Three toilets, two bathrooms.
5. Large patio and garden.
6. Kitchen with separate utility room, lounge and dining room.
7. Parking for four cars in the driveway with additional free parking outside the property.
8. Less than 1 mile from station and town centre with a local bus stop within 100 yards of the property.
9. Local shops and doctors’ surgery are within 50 yards of the property.

One of the main selling points of the house is that it is in a very nice location with primarily families and professional owners in the surrounding areas.

We furnished the property to a high standard consisting of quality beds, wardrobes, chest of drawers, and bedside tables in each of the six rooms.

All the rooms were let within 14 days of furnishing the property.

Purchase price £300,000
Deposit (25%) £75,000
Mortgage £225,000
Additional costs £1,399
(Legal fees and valuation)
Furniture costs £3,000
Stamp duty £9000
Refurbishment cost N/A
Total money down £88,399
Mortgage costs (@4.65%) £871 pm
Monthly running costs £500
(Including bills, water rates, council tax, broadband, fortnightly cleaning & buildings insurance)

Monthly rent (6 rooms) £2750
(450 X 4, £550, £425)
Monthly net income £1379
Annual net income £16,548
Cash on Cash return 20.8%
(Excluding stamp duty)

Garage conversion

The house has an integral garage and has access through a side entrance. The objective was to convert the garage into a domestic dwelling. However, I wanted to avoid going through Planning, which would significantly increase time and expense. After carefully going through my local council website, I invited the building regulation inspector to the property to discuss my intention.

The officer raised three points; Firstly, if we were looking to create an access to the main house from the garage, secondly creating a new window and thirdly if we were looking to create a split title in the future.

Because we were not looking to do any of the above she gave us the permission to go ahead with the conversion with a caveat that she will visit the property at certain milestones during the course of the refurbishment.

She was looking to check on three main points during her visits, namely, the drains, sound proofing and whether or not it is properly insulated. She made two visits and the conversion was fully approved. The entire process from getting permission to completing the conversion was approximately eight weeks.

Total cost of the conversion is approx £8000, which includes the council’s fees. This room now generates an additional income of £700pm taking the NET CASHFLOW to £2079 pm.

Cash on cash return 30.8%

Tenant profile

The six tenants in the property consist of professionals from various backgrounds including I.T, accountancy and retail. Some of them live in the property from Monday to Friday and go home on the weekends.

You are in the right place. I have just bought a house in Coventry that gives me a 17% annual yield and 30% ROI – In just 3 years I will get my money back!!!!! Interested?

Chepstow Close is a four bedroom terraced house in Coventry over 3 storeys. It was bought for £77k as repossession. The property was on the market for £70k but there was a price war and we paid more than the asking price because we knew the potential.
In comparison there were other properties nearby for £100k so we knew we were getting a good deal.

The tenants are from the Coventry Council who has a huge waiting list of around 6000 waiting to be housed. Each tenant has been given a double room with a communal living room, bathroom and kitchen. The weekly rent is £63pppr. The advantages with council tenants are that voids are minimised due to the ready demand. They bring their own furniture and appliances. All we need to supply is an oven and a fridge/freezer.

The financial return from this property is unprecedented: -

Chepstowe Close, Coventry
Market Value (comparables) £100k
Purchase Price £77k
Mortgage £53,900
Deposit (@30%) 23,100
Refurb (paint & fix) £2.5k (approx)
Stamp duty N/A
Legals £1,000
Furniture N/A
Sourcing fee £2.5k
Total cash required £26.5k

Cash flow analysis
Rental income (4 rooms X £63pppr) £1,092
Mortage (@ 3.89% for 1 year) £175
Management (@8%) £88
Bills (capped at) Paid by tenants
Council tax £85
Maintanence (@5%) £35
Voids (@5) £35
Water rates N/A
Total costs £418
Net Cash flow £674

Gross Yield 17.01%
Cash on Cash return (ROI) 30%

For details on similar investment properties please contact Manni Chopra on 07970998093 or go to

I, Manni Chopra, specialise in sourcing properties that will work well as multi –lets. I have experience of buying these in London and in the South East of England.

My philosophy is simple. Why buy 20 or 30 properties to make £2-£3k a month, when you can do that in 2-3 properties.
So whatever YOUR Financial Freedom money is, £2k, £3k or £10k you can start off by buying 3-4 bedroom houses in areas where is a demand from professional tenant house shares. If you don’t have the capital to buy find a family member or friend who has some savings and is happy to Joint venture with you if you do all the leg work of finding the deal, going through the buying process, finding tenants, managing the property. Work out a fair deal that both of you will be happy with.

I believe that people like to live nicely. Especially if you are working hard in your job, the last thing you want to do is to come back to a filthy house with sub standard furniture, locked up in your room because the communal area is either non-existent or it has not been maintained well.

My strategy is to target the high end of the market. My ideal customer is between 25 – 45 years of age, in a corporate job and wants to live in a nice place. I believe there is less competition at this end of the market. I take pride in keeping my property clean and tidy with nice furniture and an upmarket feel to it by using quality paint work, good stylish furniture (it does not have to be expensive) and making sure the communal areas are spacious and well kept. This in turn attracts tenants who are willing to pay more to live well.

Below is an example of a 3-bedroom, 2 reception rooms, 2 cloak rooms and 2 bathroom property that I bought for one of my investors.

Purchase Price £168k
Mortgage £126k
Deposit £42k
Refurb £8k (approx)
(paint, new kitchen floor, new doors, new boiler & new bathroom, professionally cleaned)
Stamp duty £1,680
Legals £1,000
Furniture £2,500
Total cash required £55,180

Cash flow analysis
Rental income (5 rooms @ avg £425pm) £2,100
Mortage £630
Management (£30 per room) £150
Bills (capped at) £100
Council tax £150
Maintanence/cleaning £100
Total costs £1,080
Voids £100
Total costs £1,130
Net Cash flow £870

Yield 14.28%
Cash on Cash return 19%

Please contact me if you would like to know more about my strategy.

Manni Chopra
www.mannichopra.co.uk
www.propertyexpertsmoneymakingsecrets.com
07970 998093

PROPERTY EXPERT’S MONEY MAKING SECRETS

Manni Chopra is the author of the newly published book Property Experts’ Money Making Secrets in which she interviewed ten highly successful Property Professionals based in the UK. During the process of the interview the individuals have REVEALED PASSIVE INCOME strategies they have used to achieve FINANCIAL FREEDOM.

Popularly known as Property Experts or Gurus, each of the individuals interviewed have started from humble beginnings or be it in the corporate world. All of them have one thing in common – They have achieved a huge amount of wealth while implementing one or more niche Property Investing strategy.

The full list of the Property Professionals interviewed in the book is as follows (alphabetical order): -
1. Glenn Armstrong
2. Kevin Green
3. Jim Haliburton
4. Deena Honey
5. Hanif Khan
6. Rob Moore
7. Sylvia Rai
8. Paul Ribbons
9. Richard Shepherd
10. Louise Wheeler

Manni asked them ALL the same question “If you were starting out in Property today and were in a day job, which strategy YOU would use to earn £1000 per month PASSIVE INCOME within 90 days”

All the experts have related their own view points of what would work best in the CURRENT market. The best feature about the book is that it gives you an OVERVIEW of the different strategies successful Property Investors are using to earn MASSIVE INCOME.

There is a vast amount of knowledge within the Property Industry and sometimes it can get overwhelming and most certainly is a very expensive way to learn the breadth of knowledge that exists. The main Unique Selling Point of the book is that it REVEALS niche strategies that EVERYONE can use TODAY to start earning a SECOND INCOME from Property.

In today’s market salaries are being squeezed, petrol prices are at their highest, unemployment is rising at a very fast pace and there is massive UNCERTAINTY in the ECONOMY. This book is a good starting point for BEGINNERS to LEARN the different TOOLS and TECHNIQUES within the Property Industry to MAKE MONEY.

To get a flavour of the content in the book please go to www.propertyexpertsmoneymakingsecrets.com and you can download a FREE bonus interview when you register.

MANNI CHOPRA

Manni Chopra’s book Property Experts Money Making Secrets contains interviews with 10 very successful Property Professionals to reveal many money making strategies in the UK. This information is suitable for newbies and professionals alike. To learn more please go Amazon…CLICK HERE

If you would like to learn more please check out Manni’s new book Property Experts Money Making Secrets on Amazon…CLICK HERE

OMG my book proof is ready. Final copy is on its way. Please Check www.propertyexpertsmoneymakingsecrets.com

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