London or Manchester? How about both? Flat conversions with £147,000 profit and a £4m Portfolio with Simon Ruocco

About Simon:I’m born and bred in Manchester but after finishing university I decided to go and seek my fortune down south in London. My degree was in Business Finance so I started working in the banking industry. Although it was a great career with fantastic prospects I always felt something was missing. I had always had an interest in property and jumped at the opportunity to buy my first property. At the time I was living in a rented flat with 3 friends, we had mice, mouldy clothes and generally poor living conditions. I was in the position to buy a 4 bedroom house a stones throw from the Olympic Stadium – so on the same day I got on the property ladder I also became a landlord. I continued working in London until 2016 and during that time I bought and sold a handful of properties some of which I still own now. In 2016 (due to the birth of my first child) I made the decision to move back to Manchester, I left my job in London and decided to take a property much more seriously. Since then I’ve bought property in both London and Manchester. I have done a large number of BRRR projects, completed flat conversions and am at present working on a number of commercial opportunities. I’ve managed to create a great life through property.My biggest project to date has been the conversion of a property in London into a 2 flats. The property was valued at £600,000 I spent £150,000 on the refurb/fees etc and sold at £537K and £360K – Profit £147K. I’ve built my property from scratch, self-funded it and now have a portfolio just shy of £4,000,000.I’ve had numerous challenges. I did a development in London in 2017 which cost me £25,000. It involved a loft conversion and the loft space was just not big enough, it was a complete disaster. I’m forever chasing tradespeople and juggling different renovations. Before Christmas I had 3 renovations on at the same time. The biggest challenge I find however is timings of cash and making sure it’s in place when you need it.eLearning Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

The new brand will focus on key areas of human improvement, featuring guests from each area and providing a wholesome approach to self development. This is about being present, having a philosophy of life, making better choices and looking after your health. We will also be talking about business, investing and finances, this ensures all angles are covered and we reach a larger audience. Open, honest and balanced discussions are what I'm aiming to create with the same humour, spice and directness that Tej Talks is renowned for. I will not allow guests on who are not 100% honest, don't talk about the negatives or are not authentic on Social Media. It's important to have differing opinions on the show and provide new perspectives to the listener. I want people to listen, watch and engage with the brand in a positive way, and to always be learning from my content and using it to better themselves. It's important to highlight the balance between wanting more, being more yet staying content and grateful for what we have. This is a key point that will be talked about in every episode.I've reached 900,000 downloads in over 120 countries so far, I've built a £1,300,000 property portfolio from £0, using £850,000 of private investor finance. After 4 years, lots of successful mentees and education delivered, my brand has changed. P.S I still mentor and educate in property, book a call - tejsingh.xyzI want to Be Better, and I can't do it alone. Will you join me? Hosted on Acast. See acast.com/privacy for more information.