Commercial Conversions
Episode description
Shaz deep dives into the commercial conversion strategy - everything from how long the process should take, to the regulations and expectations involved in what can be one of the most lucrative forms of property investment strategy.
KEY TAKEAWAYS
- A commercial conversion is the purchase of a formerly commercial property, and its conversion into a set of residential properties, either increasing or decreasing the number units within.
- Eighteen months is a sensible time period to aim for when it comes to converting a commercial building into a residential one.
- Always be prepared to face a number of regulations, designed to ensure compliancy at every level from governmental departments, including planning.
BEST MOMENTS
'You're in the hands of the Gods, as they say'
'Buying, designing, building, renting out'
'It always takes longer, always costs you more'
VALUABLE RESOURCES
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
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