Purchase to S.A.

Episode 27 of the The Serviced Accommodation Property Podcast podcast, hosted by Kevin Poneskis, titled "Purchase to S.A." was published on August 4, 2019 and runs 23 minutes.

August 4, 2019 ·23m · The Serviced Accommodation Property Podcast

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Summary

Register your interest in Serviced Accommodation Discovery Day here, and a member of our team will get back to you to confirm your place at your preferred date. Buying properties, specifically to be used for SA. Dispelling myths about the type of property people perceive as SA. In this episode, Kevin will open your eyes and help you to see things differently about the most profitable types of property to use for SA (it's not the type of property you may think!) He shares detailed examples from his own portfolio and explains exactly how to make the most profit from SA. KEY TAKEAWAYS A buy, refurbish, refinance strategy on standard-properties provides a high return on investment. Target more basic properties for SA based on the requirements of tradesmen working away on contracts. Groups of tradesmen can come and stay with you for a fraction of the cost of staying in a hotel and your SA profit will be higher. The purchase price of properties in ‘buy to let land’ is lower. People with money will not be buying in these locations and, as a result, prices are suppressed. Tradesmen guests from out of town are concerned about travelling to and from the property and that it is a safe area. You can target property in a part of town where most people do not desire to live. These locations are typically on the outskirts of an area, that has a less than favourable reputation, this suppresses purchase prices so properties can be purchased cheaply. Buy, refurbish, refinance and use as SA avoiding section 24 and claiming capital allowances. Take advantage of the fact furnished holiday lets attract business rates - it is likely you will be able to claim small business rates relief and be exempt from any business rates payment. Why not go straight to purchase to SA? Buy it at a certain price, refurbish it, refinance it, pull all your money back out put a mortgage on the property and use it as Serviced Accommodation There is so much more money you can make as a property investor using SA as your strategy. BEST MOMENTS ‘What sort of property does the trained buy to let investor look for? well it’s not fancy’ ‘Instantly cash flowing circa 1,000 pounds per month on these bog-standard terraced properties when used as serviced accommodation’ ‘It’s the sort of property where you go as cheap as you dare without going into the really rough part of town’ VALUABLE RESOURCES The Serviced Accommodation Property Podcast https://propertysoldier.co.uk/ 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/ [email protected]