Concept proven? £30k in the bank

We’ve officially raised the first £30,000 towards the immediate £100,000 requirement for the two upcoming projects in Sheffield.

3 years ago, me and my partner Emma sold our house, our cars and pretty much everthing we had to start this business.

Now we are at the stage where investors are backing our vision and trusting us to deliver projects using their funds.

For us, this is a massive step.

Not just because of the money, but because it proves the concept and shows investors have confidence in our model.

Before getting into property, we honestly used to think the hardest part was finding good deals.

In reality, good opportunities come up all the time and the more time you spend in property, the easier they become to spot.

The real challenge is that property is such a capital intensive business.

You might find a great opportunity but if your money is tied up in another project, it’s very difficult to move quickly or take on multiple projects at once.

So how do we scale?

We use our own funds to secure the project and investor funds to renovate them.

The investor gets a return that beats most low risk investment options, and we get to scale the business faster.

It’s a win-win for both sides.

Our first investor had £30,000 sat in a savings account doing very little.

Instead, she has now invested that money into one of our upcoming projects on a fixed return basis.

The structure is simple:

For this investor, the return will pay for a family holiday to Florida next year.

For us, it allows the business to move quicker and continue scaling.

The more projects we take on, the more opportunities we can create for investors alongside the growing the business.

Both Sheffield projects are moving forward.

Over the last week, most of our time has been spent dealing with legal enquiries, finalising architect drawings, structural calculations and getting the projects ready for building control submission.

We have also progressed the party wall agreements to enable us to remove the chimneys in both properties.

In reality, most of the work is done before even collecting the keys. After that, it’s mainly a case of managing the project and problem solving along the way.

🗓️ Upcoming Deadlines

Current investor applications close on 28th May.

Final thoughts

Raising the first £30k has definitely made everything feel a lot more real.

It finally feels like we are building a business rather than just recycling our own money from one project into the next.

As always, appreciate everyone following the journey.