Why I decided to buy a run down flat over a nice house

👋 Hey guys - Noah here,

At 20 years old, I’m doing a joint venture property deal, we are buying a run down flat in Notting Hill at a great discount (because it’s run down).

The carpets are minging. The bathroom has no door. The whole place absolutely stinks.

But here's why this "terrible" flat might be the smartest financial move I've made...

Why the Worst Property is Often the Best Investment

When most people buy property, they want something move-in ready. Something pretty. Something they can post on Instagram.

But here's what they don't realise:

You make your money when you BUY, not when you sell.

The flat I bought is one of the worst ones in the best area. And that's exactly what I wanted.

The Floor Plan Hack

This flat has a completely separate kitchen room. In central London, that's a massive waste of space.

The current layout:

• 1 bedroom

• Separate kitchen

• Living room

• Value: £320,000

Our new planned layout:

• 2 bedrooms

• Open-plan kitchen/living room

• Value: £450,000+

By simply moving the kitchen into the living room (creating an open-plan space that's actually MORE desirable), we've created an entire extra bedroom.

That one change alone adds thousands to the property value.

The Hidden Lessons Nobody Tells You

Lesson 1: Location beats condition every time A terrible flat in Notting Hill will always beat a perfect flat in a dodgy area. You can fix condition. You can't fix location.

Lesson 2: Look for wasted space Separate kitchens, long hallways, random cupboards - these are all opportunities to add value by reconfiguring.

Lesson 3: The "ick factor" is your friend Bad smells, ugly carpets, dated bathrooms - these put off 90% of buyers but cost relatively little to fix. That's where your opportunity lies.

Lesson 4: Think in square footage value In Notting Hill, each square foot is worth about £800-1000. So, by converting 100 square feet from kitchen to bedroom, you’re adding serious value.

How to Spot Your Own Property Deal

You don't need £320,000 to start thinking like this.

Look for good property deals then:

• Find investors to fund the deal, giving them a profit split (what I’m doing)

• Remortgage any equity in your house to fund the deal

• Find the deal and sell it to an investor for a couple thousand pound

Even if you're not ready to buy yet, start viewing properties. Train your eye to spot opportunity where others see problems.

I’ve learned everything about property from my mentor and good mate Samuel Leeds.

He’s been kind enough to give me an link for a free training for my followers who are looking to learn how to find killer property deals which you can get here.

What do you reckon - genius or mental? Would you buy a dump to flip? Let me know...

Noah