Jason Patterson has been a property investor for over 20 years, specialising mainly in purchasing leasehold properties in North London. He has a portfolio of around 30 properties worth a total of over £6million. In this episode, we jump into the world of short-lease properties and lease extensions. Jason takes us pretty much through his step-by-step process of how he goes about these types of deals. He shares an immense amount of value and knowledge in this sit-down. In today's episode we discuss:
- How the lease extension model works.
- Jason's first deal.
- The importance of the 80-year mark on a lease.
- what length leases to go after and what lenders to use.
- The triple threat- 3 ways to add value to refinance your money back out of a deal.
- How to search for short lease deals
- How to extend the lease
- How to calculate the cost of the lease extension.
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[email protected] Linkedin: https://www.linkedin.com/in/raj-chengadu-11381b69/ Now on Instagram: https://www.instagram.com/propertyinvesting2.0/?hl=en Guests: https://instagram.com/j_p_p_21?utm_medium=copy_link *Disclaimer* As always, the content in this episode is for informational and entertainment purposes only and are the views of the host and guests. This information is NOT financial advice. Please speak to a professional advisor and do your own due diligence when looking to invest in property and business.