I hate Residential Property! But I just bought this £750k house

I really don't like residential property investment! It used to be good, but it's so difficult for the numbers to stack up nowadays. I've even started selling off my residential portfolio and putting my money elsewhere... however, on this occasion I have just purchased a £750k house, let me explain why.

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Who am I?
My name is James Sinclair and I'm the founder and CEO of The Partyman Group of Companies. I started building my business when I was just 16 as a family entertainer after that I built up an entertainment agency, then moved into building a leisure and day nursery businesses. Today we operate a £30 million business which includes leisure, childcare, outdoor attractions, commercial property, arts and crafts manufacturing as well as one of the UK’s oldest Ice cream companies; The Rossi Ice Cream Company.

#propertyinvestment #property #business

[jjftraining]

Quickly becoming my favourite business channel, keep it up James!

[backfromblackbeams]

Well done, that is a £1000 +vat property course crammed into 17 minutes. And the £187, 000 capital allwances on your holiday let well be the icing on the cake. You are a gent

[buggersmuddle]

When you walk into the double garage, there is a nice kiddies bicycle leaning against the fence.That must be worth a few bob. Worth looking into.

[hlvisuals]

Excellent video as always, James. Very insightful! Keep up the fantastic work, it's great to see you doing well👏🏼

[hughmcneillie]

Another great video James. The only issue with your ROI calculations on the whiteboard is you didn't add the £30k to £100k you mentioned previously will need to be spent on that house to get it up to the standard. Surely that needs to be added ? I totally get your reasoning for buying it as a way of getting your additional units without planning objections. Keep up the good work.

[kd]

Have thought about turning the house into a cafe downstairs you have buisness units that will use the cafe and you can supply it yourself with your own in house products…just a thought…?
Or something similar

[marcthewindowcleaner]

16:10 it'll be interesting to see how a luxury serviced accommodation would work next to an industrial estate, however this is just around the corner from my Dad so who knows I could be brining my family here when you finished!

[jamessharp]

I enjoy your videos like this, it makes my life and business look so much more simple! 😀 It does give me ideas on eliminating problems by targeted purchases and investments though. The road layout there will be a lot better. Well done Hoff

[Alex-cwrz]

3:17 some spanner has installed that sash window upside down and inside out.

[Mr.GeeKhan]

This is brilliant. Exactly what the so called property gurus with a vested interest in selling courses don’t tell you.

[MISSDELUCA]

This video is not for the average person who has this type of money to spend, sooner have the money in the back and not have all the hassle and stress.

[joelriley]

Yes, love the lesson on this, however surely the return (aim of 10% or 20%) should be of the PROFIT on the rental and not just the turnover?
Serviced accomodation may give you a better return % on paper, but will make similar profit than long term rental when all costs are taken into account.

The serviced accomodation is a trading business so can't just be shown as a return on the investment.
Also, you didn't add in the cost of refurbishment into the maths. You aren't realistically going to get 36k rental on that, or 12k on the garage, without putting in considerably more money, which lowers your return. Or 100k in serviced without a huge spend.

I understand the principle, but you seem to be picking the numbers you like the most...

[saintjimmy]

You said the previous owners sold the house partly because they were moaning about your adjoining business park (presumably the noise), but you plan to turn the house into "high end luxury serviced accomodation" and build another 22 industrial units next door? Seems like the two ventures side by side don't compliment each other well. I'd just turn the house into offices or something.

[marksnare]

Making a flat for a staff member, you’re a gem James 😊

[tomobrien]

Hi James, what a vid, I am at the 10% mark on my BTL’s so you won’t be too upset with me. The barrier to entry I find with commercial property (other than finding the deals in the first place) is the higher capital required. Could you do a video explaining in detail the finance breakdown of a typical commercial property deal?

[chrismartell]

Great advice. Love the 25 hooks to the big reveal 😂

[LAH]

I'm 3 years into my business and watching your videos gives me a MASSIVE insight what to look for, what to expect etc.
I've started to cut down my hours at my full time job to work on my business more, which a year or 2 will be what I do full-time.

Keep it up James and thank you for being so transparent 💪

[nickedmondson]

love this guy, i over the case of the last 6 months, have turned into a huge fan of this guy

[theside_]

That’s 17 million in SA rands. You get a sizeable house in a secure estate and have money to visit the Uk a few times over 10 years🫣. Love your channel 🇿🇦

[MrTrapper]

But by moving the entrance, by taking land from the large house, you are devaluing the house IMO.