Social Housing Property Walkaround - 6 Year Lease to Serco

#dealanalysis #propertyinvestinguk #socialhousing

📩 GET IN TOUCH

👇ABOUT US
We are Lia and AK, and we're excited to share our journey with you as we navigate the world of property investing, business, and working together as a couple.

AK: I left my corporate job after experiencing mental and physical health issues, and we started our YouTube channel to document our journey as new property investors in 2019 with no upfront capital. Expect weekly videos where we provide project updates, share best practices, money-saving tips, and our learnings along the way.

Lia: With nearly a decade of experience building my own entertainment channel on YouTube from 0 to over 330k followers, the unpredictable nature of a content creator's monthly income took a toll on my mental health. Starting my property journey was my way of future-proofing my income and creating a stable, regular source of revenue. Ultimately, my goal is to build a secure financial foundation for our future family.

Our goal is to make property investing accessible and understandable by sharing our story. We're passionate about inspiring others to take control of their lives, no matter what challenges they may face.

Join us on our journey to achieve a better work-life balance through property investing. We're committed to sharing our experiences, tips, and insights to help you on your own journey.

Make sure to subscribe and hit the notification bell to stay updated on our latest videos!

[JohnBowman-utdz]

Hi we rented to the council on a full repairable contact and after five years when the contract was up the house was trashed cost £10k to get it to a rentable standard which they only offered 2k towards . The contract was to hand it back as the same standard they got it . the only option was to take the council to court but we don't have the same finances as the council do and the court costs might have been higher than the debt owed. this was many years ago and now we own a lot of rentals and get offered lots of different deals by the council to rent to them(sometimes with substantial grants) but the trust has gone.thanks John.

[GenericCat]

Please don't deal with gov contracts for foreigners, just because labour are in power doesn't mean what they are doing is right or moral. We will never forget.

[Bruce]

Selling out the country for your own pocket, thsts low.

[sarahlund-ntkw]

This is one of my ideal jobs. I love looking around different homes.

[Choppy]

Hiya Lia, I enjoyed this vlog, its great what your doing to these properties, I'm chuffed for you and A.K, I've noticed that you haven't put anything on your own channel for 6 months, I hope you and Joel are still in touch with each other, this is Choppy in Whitehaven, Cumbria, England

[MARKB]

Awesome job on the walk through. Keep up the good work.

[noodlebrains]

I think what’s not clear is if you contacted Serco or they contacted you and how you chose the area / property.

[dheepshemare]

Hi which area of the West Midlands is this?

[chrisfortin]

Impressive savings! Great video, Lia. Best of luck to you both in all your property endeavors! 😃👍🏻

[Ayhans_]

Will your investor leave 40k in this deal? Or is there a plan to refinance and pull any money out? I’ve heard some lenders require higher LTV if it’s rented to social housing, supported living a bit of an unknown for me.

[malikable]

Hi. Do you source properties like HMO for social housing

[timothyjames]

Social housing, for migrants? There is a moral dilemma due to this country's immigration policy and the use of taxpayers money.
Hopefully these houses are for families fleeing war or UK residents needing help.

[russellpetrie]

your lucky to d get a contractor to do anything in eastbourne still waiting 4 years later for a plumbers quote lol i want to know how you get them in?

[Axx]

Not sure on the Serco lease, but beware of the terms.

Some big companies use a subsidiary for these leases, so, if the government decides to wind down the contract, the company has cancel the contract or even go bust.

Serco is a big name, so the perception is the rent and repair is guaranteed, but not if the companies goes bust. And they may use government rental income to cover their outgoings before paying rents to landlords. There is no such thing as guaranteed rent.

[edyazgan]

So you make £700 a month off this, how’d you flip into next deal?

[joanfinocchiaro]

Here in the United States, we have a federal program for lower income residents called Section 8 programs. and there is a lottery, or you wait for your# to be called., and it's similar to yours, but's inspected annually, and the lease's only year to year. The tenent pays 30% of their income, and the government pays the rest of an average rental rate.

🤑🤑🤑🤑🤑 Way to go!!

[manjitjhamat]

Hi Lia. Im new to the channel and find your content very informative and well put together. Which area of the Midlands is this property?

[vivekgoel]

Hi
Which insurance company you used and what information they need please
Urgent reply will be appreciated

[joannunemaker]

I enjoyed this video. This is a very nice property.😊❤

[theresathaler]

I know it’s normal in the UK, but it still seems so strange to me that ya’ll put the washing machine in the kitchen. It just seems unsanitary to put it in the area where you cook.