Simon discusses the concept of ethical property investing, emphasising the importance of creating a win-win situation for both investors and motivated sellers. He highlights the various reasons why individuals may need to sell their properties at a discount, such as financial difficulties, medical issues, or personal circumstances. Through real-life examples, Simon illustrates how understanding the seller's needs and providing genuine solutions can lead to mutually beneficial outcomes. 

KEY TAKEAWAYS

• It's crucial to recognise that motivated sellers often view their property as a burden rather than an asset. They may be facing financial difficulties, personal issues, or deadlines that make selling their property a priority.
• Successful property investing should focus on creating a win-win situation where both the seller and the investor benefit. This involves genuinely helping sellers solve their problems while also achieving a profitable outcome.
• Engaging in open conversations with sellers is essential. By asking the right questions and listening to their needs, investors can better understand the seller's situation and provide tailored solutions.
• There are unethical practices in property investing that can harm sellers. It's important to maintain integrity and avoid taking advantage of vulnerable individuals, ensuring that all transactions are fair and transparent.
• Building trust and providing genuine help can lead to referrals and future opportunities. Positive interactions can create good karma, which may result in more business in the long run, reinforcing the idea that ethical behaviour in investing pays off.

BEST MOMENTS

"We need to ask great questions, listen to what they say, respond and have this conversation... finding out what's most important to them."

"If we can find people and prevent them from being repossessed... then that's much better than facing the inevitable of being repossessed."

"We want to have this win-win, where we're helping them and also we're benefiting as well."

"If you put some good karma out there, the good karma will come back to you many, many times over."

VALUABLE RESOURCES

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Contact and follow Simon here:

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Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.