How He Bought £1M of Property Worth £1.7M in Less Than 18 Months Using Serviced Accommodation

Can serviced accommodation help you build a property portfolio faster than traditional buy-to-let?In this episode of From The Ground Up, Steve Doran sits down with property investor and academy coach Tim to unpack how he bought around £1 million worth of property, now valued at approximately £1.7 million, in less than 18 months by using serviced accommodation, short-term lets and private finance. He shares how he turned a £1,200-per-month buy-to-let into a six-bedroom serviced accommodation property that secured a £7,500 first booking and generated around 18 months’ worth of rent in just 10 weeks, before breaking down how he bought a £260,000 commercial building using private finance, borrowed £400,000 for the purchase and refurb, revalued it at £617,000 and now generates more than £10,000 per month in bookings. Steve and Tim also discuss buying a Great Yarmouth guesthouse for £385,000, securing a £15,000 first booking, generating £39,000 from contractors over 10 months, building a management company, working with family and why understanding your “why” is critical for anyone interested in UK property investing, serviced accommodation, buy-to-let alternatives and building a portfolio that creates real income.Want to learn more and find out how to transform your financial future in just 2 days - connect with Steve via https://stevedoran.co.uk/homeKey Moments:0:00 Buying £1 million of property valued at £1.7 million01:11 Tim’s 25-year property investment journey06:53 Discovering serviced accommodation and short-term lets09:02 Turning a £1,200 rental into a £7,500 booking11:02 Generating 18 months of rent in 10 weeks16:07 Buying a commercial building for serviced accommodation19:51 Raising £400,000 in private finance23:12 Securing a £22,000 upfront NHS and council booking26:04 Revaluing the commercial building at £617,00027:27 Generating over £10,000 a month in bookings34:00 Buying a Great Yarmouth guesthouse for £385,00035:20 Securing a £15,000 first contractor booking36:30 How divers spent £39,000 over 10 months44:20 Buying another property using private finance49:20 Generating £6,000–£7,500 per month from one property50:41 Buying £1m of property worth £1.7m in less than 18 months51:50 Why your “why” matters in property investing58:00 Incorporating a personal property portfolio into a limited company1:05:31 Why lack of money should not stop you finding deals1:14:49 Taking the next step and solving property problems creatively