A Wealthy Life

Ep 134 – Three steps to a successful property business


Listen Later

Can strategic thinking truly transform your property investments?

Join me for this weeks episode as I share the three essential steps to achieving property success.

I start with the acquisition phase, where understanding your strategy for buying properties sets the foundation.

Then, I move to the consolidation phase, focusing on portfolio optimisation and regular evaluations.

Finally, I go into developing a wealthy life by leveraging the benefits of your investments, drawing parallels to a Harvard model for deeper insights.

Learn the financial mechanics behind buying, refurbishing, and remortgaging properties.

For instance, purchasing a property for £100,000 and refurbishing it for £30,000 can lead to remortgaging the improved property at £130,000, pulling out a significant portion of the initial investment.

I also address the pros and cons of investing in individual houses versus blocks of flats, highlighting why regular evaluations and strategic timing are crucial for maximising returns.

As we progress, I discuss the consolidation phase's decision-making process, especially around the five-year mark.

I also touch on transitioning to the development stage, addressing the importance of efficient portfolio management for long-term financial success.

So grab a cuppa and tune in

Don't forget to join the Wealthy Life Community to access more resources and discussions!

--------- EPISODE CHAPTERS ---------

(0:00:10) - The Three Steps to Property Success

Three crucial steps to building a successful property business: acquisition, consolidation, and developing a wealthy life.

(0:10:59) - Property Investment Strategy Discussion

Strategic approach to property investment: buying, refurbishing, and remortgaging to minimise initial investment, evaluating regularly, and managing portfolio.

(0:21:38) - Property Portfolio Consolidation and Development

Property investors consider selling or retaining properties based on market conditions, reinvestment potential, and personal goals.

(0:29:52) - Property Investment Evolution and Strategies

The dynamic journey of property investment, emphasising continuous improvement and strategic reassessment for effective business growth.

Join the Wealthy Life Community

https://bit.ly/WLC-JOIN

To watch this episode on YouTube:

https://youtu.be/DWFDrEC8bB0

Connect with Vicki:

https://linktr.ee/vickiwusche

Visit my website to learn more

https://vickiwusche.com

Book a call - https://calendly.com/vickiwusche

Access free resources:

https://vickiwusche.com/resources/

Link to three stages of business

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?

Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?

https://scorecard.vickiwusche.com/

The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them

...more
View all episodesView all episodes
Download on the App Store

A Wealthy LifeBy Vicki Wusche