In this episode, Dan Eaton explains how he has used the commercial conversion into serviced accommodation method to create a portfolio worth £18m in 5 years. A group of properties that generates thousands in profit, every week.

Dan explains why commercial to SA conversions deliver 6 figure profits yet are not complicated or particularly time-consuming. He explains how to leverage, low purchase costs, built-in parking, take advantage of capital allowances and easily get permission to convert and funding for these projects, in just a few months.

KEY TAKEAWAYS

• Commercial conversions enable you to make 6-figures from one deal, for the same amount of time-effort for a single resident to SA conversion.
• The commercial building-to-serviced accommodation model is far simpler than most people think.
• Commercial buildings often have parking and are typically cheap to buy.
• Once you have your first SA set up, reinvest it into another conversion.
• Using prior approval regulations gets around most of the planning delays and issues. Dan explains more in the episode.
• Money is everywhere, so funding need never be an issue. Dan shares ways to secure the funds.

BEST MOMENTS

‘£510,000 profit from that one building.’

‘get paid in direct proportion to the value we deliver according to the marketplace.’

EPISODE RESOURCES

Secrets of the Millionaire Mind - https://www.amazon.co.uk/Secrets-Millionaire-Mind-Think-rich/dp/0749927895/

VALUABLE RESOURCES

Discovery Day Sign Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

ABOUT THE HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years. 

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier/

kevin@propertysoldier.co.uk