How to Make Money from Tile Splitting - The Property Cashflow Show - The Daniel Latto Podcast Show - Season 9 Episode 36
Release Date: 02/14/2024
The Daniel Latto Podcast Show
Just 3 weeks to get bums on seats at a networking event using Facebook Ads - here's how we did it. Plus, if you want a hand for your next event, click here : https://daniellatto.co.uk/fbads/
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In a world of property sharks, you need to not only sure you're ehtical when property investing, you need to DEMONSTRATE that you know what you're doing. Here's 3 ways in which you can do it ! The £57 Property Sourcing Training is here : https://daniellatto.co.uk/propertysourcing/
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Join me as I run throught the 3 simple changes you need to make to make your Property Sourcing Journey so much easier and get those results faster. Buy The Property Sourcing Training Here for just £57 - https://daniellatto.co.uk/propertysourcing/
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What we covered in our Legends Academy Coaching * Property sourcing * Marketing funnels * Mindset work When you're on a mission, being surrounded by like minded people is so important. Join the Legends Academy : https://daniellatto.co.uk/legends
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Almost every business should have an online course. But most people don't create them, even though they're simple to create with the right guidance. If you want help creating your course, our Rapid Course Creation Training at just £27 can help https://daniellatto.co.uk/course
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Is the golden age of buy to let over? Yes. Are there easier ways of making money through property and other digital assets? Also yes ! Property Sourcing is only getting more popular, not less. Find out how to be a Property Sourcer here : https://daniellatto.co.uk/propertysourcing/
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If you’re thinking about launching a membership site, the difference between success and frustration usually comes down to structure. In this livestream, I walk through the four essential components every profitable membership needs: Platform and payments Sales page conversion Traffic generation system Email and retargeting We’ll look at how these pieces fit together, how to avoid common build mistakes, and how to create a system that attracts, converts and keeps members long term. If you’d like help building your own marketing system: https://daniellatto.co.uk/workwithme
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Most business owners don’t fail because of strategy. They stall because they focus on the outer game and neglect the inner one. In this livestream, I’m breaking down: The difference between inner game and outer game Why most businesses plateau after early momentum What’s actually inside The Legends Academy How coaching, structure and accountability change your results Why performance and business growth must be built together If you want clarity, direction and consistent progress in both business and life, this is for you. Join The Legends Academy here:...
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Most people have a course idea. Very few ever launch it. But this is the thing ... • You don’t need 100,000 followers • You need 100 buyers • The thing stopping you isn’t tech, it’s hesitation Right now, someone with less knowledge than you is selling a course because they decided to structure what they know and press record. Online courses are digital assets. Work once. Get paid again and again. If you’ve been sitting on an idea, this is your sign to move. I’ve put together a simple step by step system that shows you exactly how to structure, record and launch your course....
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I replied to a guy last week who claimed something that just wasnt true. So in this Property Sourcing Livestream, I wanted to cover off 3 myths about property sourcing that are just not true. Get your Property Sourcing Training here - Also join our 3-Day Masterclass https://daniellatto.co.uk/masterclass/
info_outlineBrief Summary
In this episode, we delve into the world of wealth creation and explore the concept of title splitting with Rachel Knight, the owner of TitleSplit. Title splitting involves dividing one property into multiple units with separate ownership, offering significant financial opportunities. We discuss the process, benefits, and challenges of title splitting, providing practical insights and tips for property sourcing. Plus, we highlight the value of assembling a knowledgeable team and offer a free download and discounted masterclass for further assistance. Don't miss out on this valuable episode!
Long Summary
In this episode, we dive into the world of wealth creation and the shortcuts that can help listeners increase their income. We are joined by Rachel Knight, the owner of TitleSplit, who sheds light on the concept of title splitting. Rachel explains that title splitting involves dividing one piece of land into multiple properties with separate ownership. This strategy is commonly used with apartments, and Rachel provides insights into the difference between freehold and leasehold properties. She also reveals that title splitting can be done with houses under permitted development regulations, allowing for the conversion of properties into apartments.
The conversation emphasizes the importance of understanding title splitting in property sourcing and highlights the financial opportunities associated with this strategy. For instance, splitting a two-bed terraced house into two two-bed flats can increase the property's value by 30%, sometimes even doubling its value on the day of purchase. This allows investors to maximize their profits by selling or renting out individual units. However, it is crucial to work with solicitors experienced in title splitting, as not all are familiar with the process.
The discussion continues with real-life examples and tips for property sourcing. The main speaker shares a success story involving the purchase of a property with three flats, where a refurbishment and title split resulted in an additional 30% increase in value. He recommends sourcing semi-detached houses with existing flats, refurbishing them, and completing the title split for optimal profits. Challenges may arise when attempting to split on sale, as banks may resist reducing security. In such cases, landlords often end up selling the unsplit block based on rent and yield valuation.
The main speaker emphasizes the value and potential of title splitting, urging listeners to focus on unsplit blocks or commercial properties that can be converted to residential under permitted development. Furthermore, he highlights the process of converting a house into two flats and addresses the challenges of splitting utilities. Soundproofing and proper coordination of professionals, including solicitors, are essential elements in this strategy to avoid financial setbacks and ensure a successful transaction.
Throughout the episode, the main speaker offers practical insights and shares valuable information to guide listeners through the title splitting process. He mentions the importance of consulting professionals and assembling a knowledgeable team to navigate this complex endeavor. The speaker also discusses the financial aspects, including property valuations, tax savings, and lender options like Shawbrooke, who offer block mortgages based on rent and yield multiples. To further support investors, the speaker mentions their company's CPD accredited training program, which equips participants with the necessary knowledge and skills.
The episode concludes with a call to action, encouraging listeners to reach out to the company for further assistance. The main speaker expresses gratitude to the audience, inviting them to like, subscribe, and support the podcast. A link is provided for a free download and discounted masterclass, and follow-up calls are offered to discuss individual situations.
The Wealth Creation Podcast is brought to you by Daniel Latto, and is designed to help you learn the steps you need to take to achieve Financial Freedom in the next 5 years.
Discover how to make more money, turn that money into investments, and live from cashflow while never having to work again.
The podcasts covers three main areas
1. Cut Costs
2. Generate Cash (Business)
3. Invest the rest (Property)
Throughout the podcast episodes, I'll be going through the step by step actions you can take, including any Business & Property Strategies along the way that can accelerate your results.
The Podcast is hosted by Daniel Latto.
Daniel Latto is a business coach originally from Leeds, and now lives in the Mediterranean providing advice for business owners and entrepreneurs.
You can contact Daniel Latto at his website at http://www.daniellatto.co.uk
How to Make Money from Tile Splitting - The Property Cashflow Show - The Daniel Latto Podcast Show - Season 9 Episode 36