Interview with Dan Eaton – Why Commercial Conversion to SA is so Easy and Lucrative

The Serviced Accommodation Property Podcast

In this episode, Dan Eaton explains how he has used the commercial conversion into serviced accommodation method to create a portfolio worth £18m in 5 years. A group of properties that generates thousands in profit, every week.

Dan explains why commercial to SA conversions deliver 6 figure profits yet are not complicated or particularly time-consuming. He explains how to leverage, low purchase costs, built-in parking, take advantage of capital allowances and easily get permission to convert and funding for these projects, in just a few months.

KEY TAKEAWAYS

• Commercial conversions enable you to make 6-figures from one deal, for the same amount of time-effort for a single resident to SA conversion.
• The commercial building-to-serviced accommodation model is far simpler than most people think.
• Commercial buildings often have parking and are typically cheap to buy.
• Once you have your first SA set up, reinvest it into another conversion.
• Using prior approval regulations gets around most of the planning delays and issues. Dan explains more in the episode.
• Money is everywhere, so funding need never be an issue. Dan shares ways to secure the funds.

BEST MOMENTS

‘£510,000 profit from that one building.’

‘get paid in direct proportion to the value we deliver according to the marketplace.’

EPISODE RESOURCES

Secrets of the Millionaire Mind - https://www.amazon.co.uk/Secrets-Millionaire-Mind-Think-rich/dp/0749927895/

VALUABLE RESOURCES

Discovery Day Sign Up Page - https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast - https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

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]