The Progressive Property Podcast Dan Eaton | How to Get Started in Commercial Conversions
Dan Eaton hosts the podcast in this short episode where he talks about how you can get started in commercial conversions this year. If you have wanted to get into property development, particularly around converting unused and unwanted buildings then this is for you.
KEY TAKEAWAYS
- From old banks to closed-down offices, there is a huge opportunity to convert into much needed residential accommodation.
- There is a whole host of building types that have permitted development rights and these are what you want to focus on.
- Permitted development is easy, it’s as simple as putting in the application form and waiting for the council to accept.
- Leveraging the expertise of others is essential in the strategy including builders and investors.
- Conversions may not cost as much as you expect.
- Commercial conversions rely on finance and investors you cannot save your way to pay for a conversion.
BEST MOMENTS
"What type of buildings do we need to convert?”
“We can take those buildings and convert them into residential use without the need for planning permission”
“I don’t know how to build things but I do know how to ask people who do”
“We use other peoples money to do these types of conversions”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
ABOUT THE GUEST
Want to Connect with Carole? This is how:
Website: https://www.clearwaterpropertypartners.com
Email: carole@clearwaterpropertypartners.com
If you would like to help support Judy and Abigail with finding their forever home or future Christmas Venue, please reach out to Carole using her contact details above.
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
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