In this episode of The Property Magic Podcast, Simon talks about how you can find different sources of deposit money, pay off your own home mortgage in 8-10 years, and use your hidden assets. If you don’t know where are your hidden assets, don’t worry, there’s an easy way to find out—answer a simple questionnaire.

Simon also shares an elaborate but easy to understand computation to compare different approaches on using your assets. According to him, it’s best to use your capital in several properties rather than a single one. You can grow your portfolio and your wealth more. Let Simon help you today.

KEY TAKEAWAYS

• Here are some different sources where you can get your deposit money:
  • Savings – may it be an inheritance, from an insurance, etc, it can be a good source to fund your property purchases.
  • Equities (from existing properties)
  • Loans – you can borrow money from your own business (that you must pay back within a period of time), from your pension, or from your loved ones.
  • Hidden Assets
• How can you release equity from your own home? Instead of downsizing, you can use your assets differently. You can reallocate your equities to different properties. This may be a better way especially that in the UK, there’s scarcity of accommodations and growth in population.
• Let-to-buy mortgage – Some people move out of their own homes and turn them into investment properties. It’s a real sacrifice for them so they could grow their capital for their next property purchases.

BEST MOMENTS

• “The problem is when people don’t have money in the bank, they automatically assume they can’t invest in property—that’s simply not the case.”
• “The real benefit of being a property investor is being able to get leverage.”
• “You work once and you get paid forever.”

VALUABLE RESOURCES

• To know where you can find some hidden assets - HiddenAssetsTest.com

Property Magic - How to buy property using other people's time, money and experience by Simon Zutshi | Amazon

Property Magic Podcast: Low and No Money Down Investing Strategies | Apple | Spotify | Omny

property investor’s network (pin) - pinmeeting.co.uk

ABOUT THE HOST

Simon Zutshi, experienced investor, a 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 became financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003. 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 on 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.

CONTACT METHOD

• pinmeeting.co.uk