Brava Property Group

We are delighted to have had planning approved on what is our biggest and most ambitious project to date.

We're converting a former Grangemouth office into a 6 bed multi occupancy unit operated exclusively as serviced accomodation.

Our aim is to create 'a home away from home' feel for the many contract workers that service the many industrial sites in Grangemouth.

As always we'll be rennovating to a high standard and we are excited to bring this building back to use.

Keep an eye out for updates!

Office block to multiple occupancy: Former Grangemouth business premises turns into residential property Brava Property Group was looking for permission to change the use of the premises at Alexandra House, Station Road, Grangemouth from an office to a house in multiple occupancy (HMO).

We’ve come to the end of our Aberdeen project on Calsayseat Road!
-
We’ve just agreed to let this 2 bed flat for an incredible £875pcm 😮️
-
This is £125 more than we expected when appraising the deal 😅 which is useful when mortgage costs are hammering cashflow!
-
Another quality unit added to the portfolio. Another quality refurb carried out, this time by & her team 🤩️
-
More content from this project to follow 🤛️
-

🏷

Off Market Deal 👀
-
1 bed flat in Alva
-
Co-sourced with to an overseas investor
-
This property was brought to us by a client and we paid her a £500 referral fee!
-
Value - £45-50k
PP - £39.5k
Refurb - £3k
ADS - £0
Rent - £475pcm
Gross Yield - 14.4%
-
Sign up to our mailing list for deals - link is in our bio - otherwise drop us a message!

Off Market Deal 👀
-
1 bed turnkey flat in Alloa town centre
-
Co-sourced with to an local investor
-
Valuation - £50k
PP - £42k
Rent - £425pcm
Gross Yield - 12%
-
Sign up to our mailing list for deals - link is in our bio - otherwise drop us a message!

What Does Wealth Mean to Me?
-
For me Wealth is having the freedom to do what you want, when you want, with the people that matter the most.
-
Owning assets which produce income and having equity in a business are the foundations for being able to live your life on such terms
-
Property is an incredible vehicle as you can use multiple strategies to achieve these goals. Genuinely enjoying the process is an added bonus!
-
It’s a process where you are constantly learning, challenging yourself and taking risks. Joining a network of like minded people with a breadth of experience has been a game changer 💥
-

a.lang

Last but not least for Q1 2023 we have Alexandra, a class 4 commercial unit in Grangemouth
-
This project will be our biggest yet and is set to challenge us on all fronts
-
We are purchasing this one with our SSAS and plan on carrying out part of the development under it’s ownership
-
We plan on converting this office space into a 6 bed HMO to service the high demand for contractor accommodation in the area
-
We’ll then sell this back to our residential limited company prior to the completion of the residential conversion
-
Like all of our projects, we plan on going the extra mile with the renovation and truly making it a ‘home away from home’ for it’s residents
-
We spoke with our solicitor yesterday who advised there’s just one minor point holding this up, so hopefully we’ll have the keys in the next week or so!

Next up for us in Q1 is Calsay - A 2 bed first floor flat in Aberdeen
-
This deal was sourced on to us through our network
-
We’ve been looking to get involved in Aberdeen for some time and this is the perfect first deal for us
-
We’ll do a light refurb, put it straight on the rental market and go for refinancing later in the year
-
This will also be the first project we outsource the majority of the works and project management!
-
We hope to collect the keys this week so expect more updates on this one soon!

2023 kicks off for us with no less than 3 deals completing in Q1
-
The first of which is Carla - a 3 bed terraced ex-LA in East Lothian
-
We sourced this deal off market in April last year, and it has been a somewhat complicated legal process
-
The property has been inherited and is in need of a full work over but it’s a wee belter of a deal!
-
The great thing about this one is that we have multiple exits - to the point we aren’t 100% sure what we’ll do post refurb
-
Either way, we are buzzing for the opportunity to bring this house back to life and make it a home for someone.
-
There’s not many pictures at the moment but once we complete we’ll share more pictures and of course the deal numbers!

Well, what it year it has been for us! Both professionally and personally
-
💸20k profit on our first flip
🏘1 unit added to the portfolio
📲Ran our first marketing campaigns..
🔍..sourcing our first off market deal
🤝Onboarded our first private investor
📈Joined a mastermind group
✅✅2 offers accepted in Q4
-
The truth is though, if we had written this post a couple of months ago, the tone would be completely different
-
This time last year we set out to add 5 units to the portfolio and generate some trading income
-
By the end of Q3, we’d only added 1 unit and after finishing Croft Place we lost a bit of momentum
-
Growing a property business is difficult and takes a lot of effort and sacrifice. Throw in full time work, family, social life etc - it’s tough
-
The main message for us from 2022 is that if you find yourself feeling the same - keep plugging away, it will pay off(see last picture)
-
In early 2023 we will have at least 3 completions going through
-
1 standard buy to let, 1 commercial to resi conversion and 1 HMO project
-
3 big projects that will seriously challenge us and a great way to start the year
-
Hope everyone has had a great 2022 and the very best for 2023 - cheers for following & supporting us

Are you looking for property deals? 👀
-
We are about to start our second round of off market sourcing
-
Our first campaign was a success but we are expecting much more this time round
-
If you are looking for property deals, sign up to our mailing list(link in bio) to be the first to receive them
-
bit.ly/3D3NUjt
🏷

OUR PLANS
-
We thought we’d share our plans for the next few months as we have somewhat changed our strategy
-
With the market slowing down, interest rate rises and rent freezes(🤦‍♂️) we feel there will be plentiful opportunities in the near term
-
On the back of this we’ve decided to sell one of the units we purchased earlier in the year and we will exit Croft Place in the coming weeks.
-
The profits from these two sales alongside the released capital means we are liquid and ready to seize opportunities
-
We’ve also raised more private finance which further strengthens our buying position
-
Additionally we are kicking off our second off market lead gen campaign, taking all the lessons from the first one and implementing the changes
-
We hope to trade deals with fellow investors so please reach out if you are looking for deals!
-
In summary
1️⃣️Be in strong buying position with unit sales & cash release in readiness
2️⃣️Build up our sourcing business
3️⃣️ Continue to raise private finance

🏷

..and it’s gone 😅
-
After just 2 weeks we’ve accepted an offer on our project in South Lanarkshire
-
Overall we are really happy with this one ✅
-
Once this has completed we’ll share a breakdown of project
-
Onto the next one 👀 📈️

🏷

Brochures available ‼️


- Want to work with us?

- Or find out the different options we have available?

- Send us a DM and we will happily send out one of our brochures 📮

✅

Today our first flip in business together hits the market!
-
This project has been fraught with problems, challenges and stress but we have learned an incredible amount which we’ll take forward into future projects
-
We’re immensely proud of the finish we’ve achieved here and for having the vision to see the project through to it’s potential. Quality of finish is core to our business.
-
This property was dark, damp and in disrepair when we took it on. Now it’s modern, vibrant and finished to a specification you just don’t see many other investors/ developers achieving. It will make a great home for someone.
-
We’re extremely happy with the valuation but we are hoping the market appreciates the finish and drives the ceiling price up
-
We’ll do an in depth breakdown of this project once the sale has completed, but for now check out the afters 🤩

- Crofty project update ⚒️❗️-

Another solid week of progress at our project in larkhall, with the external work now all but completed.

Gerry and his team have done an absolute fantastic job with the roughcasting ✅

Next week see’s the installation of the bathroom and the last few joinery jobs before the plasterer and the painter go in to put the finishing touches on this fantastic property.

All going well this Proeprty should be on the market come the end of July 📅

My thoughts on RISK - A widely used and often misunderstood phrase
-
"Two of the key questions in life: How do I grow? How do I manage risk?
You need to do both if you wish to survive and excel." - James Clear
-
Risk can be defined as the likelihood of an undesired outcome happening
-
I’m perhaps stepping out of my lane here but I think the inherent reason risks must be taken in order to succeed is because of the essence of uncertainty and it’s role in the universe
-
You need to try things that others have not knowing it might not work, try things without knowing EVERY bit of information, and try things despite the fact that something completely unforeseen could derail your plans.
-
A bit like in nature where everything adapts to it’s known environment but also throws random mutations in ‘hope’ for some beneficial trait to be expressed
-
Naval Ravikant describes risks you should never take -
“The one thing you have to avoid is the risk of ruin. Ruin means stay out of jail. So, don’t do anything that’s illegal. It’s never worth it to wear an orange jumpsuit. And stay out of total catastrophic loss. That could mean that you stay out of things that could be physically dangerous, hurt your body.”
-
What I love about property is that it although there are risks involved, when you employ the right strategies the risk of TOTAL loss is low.
-
Property is an extremely forgiving asset class over a long enough time period. Compare this with FX, Crypto and even the stock market - (MASSIVE respect to anyone that makes a go of trading).
-
Global issues influence every asset class and you can never be certain of EVERYTHING, but you can be certain ENOUGH that the upside is worth it based on what you DO know.
-
It’s a safe as hooses!

- Remaining Motivated 💥 -

Like everything in life, it’s sometimes hard to remain motivated. Running a property business is no different, especially in the early days.

Motivation is key to growth and it can come and go without you having any control over it.

This week at one of our ongoing projects we suffered an unforeseen setback. We’ve had to overcome a few hurdles to get ourselves back on track ⏰

Here is a few things we do regularly to keep ourselves motivated:

1 - Knowing our why ✅
2 - Weekly review of progress towards our goals ✅
3 - Accountability/mentorship 🕵🏻‍♂️
4 - Self reflection 🧘

Motivation - 'When the pain of not doing something outweighs the pain of doing it.’

Business & Mental Health
-
(Jack Here) Starting this business with Gareth is one of the best decisions I’ve made
-
I’ve found something that I’m genuinely passionate about and that keeps me focussed and driven
-
Ultimately I want this business to be my full time endeavour and each day I’m working towards that goal
-
Starting a business with this goal in mind forces you to be disciplined and take huge amounts of personal responsibility
-
A by product of this is that it helps keep my mental well-being in check
-
It’s not something I speak about often but it has undoubtably helped me with some of the mental health issues I’ve had over the years
-
I’m a firm believer that we should take maximum responsibility for our mental well-being
-
Having focus, discipline & something meaningful to work towards plays a massive part for me personally
-
Couple this with nailing the basics of sleep, diet & regular intense exercise and you give yourself the best chance of feeling great day-to-day
-
My DM’s are always open if anyone wants to chat about this sort of thing further!

- Mortgages 🏠-

Interest only mortgage v Repayment mortgage

What is the difference in these products?💭

Repayment mortgage - This product is where you pay down the value of the loan along with the interest.

Interest only - With this product you only pay back the interest associated with the loan. At the end of the term the capital borrowed will still be owed.

Here at Brava our focus is cashflow. Why? as our cashflow increases we are able to live life on our terms. For that reason we typically look to take out interest only products.

This is because interest-only products repayments tend to be less than a standard repayment product. Of course at the end of the term we will still owe the full capital borrowed. But, the beauty of property is that it appreciates in value. So at the end of the loan term the property will be worth significantly more than the value of the loan.

These are just two options. There are other lending products available out there that a specialist broker can give you advice and guidance on.

All these options, what’s stopping you from starting today?⁉️

‘Perfectionism is procrastination masquerading as quality control’ -
-
One of the biggest lessons I have learned over the last few years is that perfectionism is literally one of the worst traits you can have.
-
Being quite an analytical person can sometimes hold you back from getting things started - paralysis by analysis
-
The penny dropped when I was completing my final project in my degree; the realisation that I had days to complete what I had hoped to be weeks worth of work (anyone who has been there will understand 😮‍💨). I was convinced that because of this I wouldn’t meet my goal of a first.
-
The deadline ultimately forced me to prioritise and produce what I could in that time frame
-
Turns out that my efforts in those final days were ‘good enough’ to get my my overall 1:1.
-
It’s useful to think like this when trying something new or setting goals - what is unacceptable, what is ‘good enough’ and what would be ‘perfect’
-
I think people can have similar experiences in property, particularly when getting started.
-
You can obsess over a deal and let emotions get the better of you and ultimately get nowhere!
-
Just get out there and do a deal! Do the thing and you shall have the power

There are a multitude of reasons why you might NOT do something
-
Ultimately you need take ownership for the things that might prevent you from getting started in any venture - nobody else will!
-
✅ Failure and mistakes are guaranteed - learn and move on
💭 There is an abundance of resources and unlimited leverage in the modern age - figure out how to tap in
⏰ Time IN the market over TIMING the market; cycle dependent = not a business
👴 No mater your age, you’re at an advantage. You can only act now to influence your future!
-
Having that shift in mindset turns a limiting belief into an empowering one
-
You’ll be amazed at how many people you know would actively want to help you and see you do well
-
Of course there are those who will enjoy seeing you fail 😉 but that’s not your problem….

What is Our Why?
-
Gareth and I have been working for someone else for over 10 years
-
‘You must own equity - a piece of a business - to gain your financial freedom’ - Naval Ravikant
-
There are 4 currencies you exchange through your working life
⏰ Time
💰 Money
🌍 Freedom of location
😊 Satisfaction
-
Building a property business pays us the highest return in all 4 of the currencies 📈
-
We’re putting in the work up front so that we can enjoy freedom of time, money & location! 🌟
-
It’s an added bonus that we love doing it! ❤️
-
Which of the 4 currencies are most important to you and which ones are you sacrificing for the others? 🤔

*** WANT TO MAKE £750 ⁉️💷 ***

🏡 Do you know of any properties that are:

🛠 - In need of being brought back to life?
🗝 - Laying vacant for sometime?
🛌 - Tenanted and struggling to sell?

‼️ If you know of any properties that fit the above criteria and bring them to our attention, we will pay £750 into your bank account on completion of the sale 📝💥

Easiest £750 you’ll ever make 🎉