In this episode of the Property Sourcing Profits Podcast, David goes live and answers questions from the Progressive Community anything you want to know about property. If you want to learn more about finding investors, increasing your cash flow, selecting the right systems, or choosing the right property strategy in your area in the UK, then David already got you covered. There are more tips that you shouldn’t miss so make sure to tune in!

KEY TAKEAWAYS

• Finding investors is essential when you want to excel in deal packaging. Know the qualifications to make sure. Ask yourself: when is an investor an investor?
  • It’s better if you find a cash investor.
  • Make sure they’re serious and had some experience that will get you moving in deal packaging.
• Q: What systems do you use in deal packaging business?
  • Podio, Zapier, MailChimp
• Q: I’m selling off due to Section 21 and the current political situation, any advice?
  • If you’re moving to the US, choose a state that can serve as a safe haven for your money (i.e. New York City), and don’t buy cheap.
• Q: The best strategy for cash flow.
  • You got to add value, always.
  • What successful people do in Brighton:
    • “We have to add yield to make properties work in Brighton because it’s a very high cost of entry.”
    • Be careful with serviced accommodation properties because they’re seasonal.
    • Focus on mixed-used properties.
  • Q: I don’t know where to meet investors. Where do I start?
    • Meet people at property networking events.
    • Set up social media accounts where you can share your property journey and meet other people.
  • Q: In the Liverpool area, which should be chosen, a traditional house or modern flat?
    • If you’re going to buy a modern leasehold flat built in as early as 2004, make sure that you got owner-occupiers living there. You don’t want to buy a flat in a building full of investment properties.

BEST MOMENTS

• “The key to getting your deal flow is finding investors.”
• “Cash flow is fine. Cash flow pays your bills. Cash flow gets you out of your job. Cash flow might get you out of unexpected bumps. But, cash flow will not make you wealthy. You need capital growth.”
• “Talk about your area; it works. Then, form alliances with people you’re going to meet in my deal packaging trainings. Once you get into the room, you’ll meet the other people and form alliances together. Then, you can have a menu – a menu of the offer that you can make to your investors.”

VALUABLE RESOURCES

• Podio
• Zapier
• MailChimp
• Progressive Property Facebook Community

ABOUT THE HOST

David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.

In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.

The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

CONTACT METHOD

• David’s LinkedIn
• David’s Facebook