Property Magic Podcast

How To Influence A Property Surveyor


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Simon focuses on strategies for refinancing properties and specifically the concept of momentum investing, explaining how most investors wait years for a property's value to naturally appreciate before refinancing, a slow method. 

KEY TAKEAWAYS

  • The traditional property investment approach involves buying, waiting several years for natural value appreciation, and then refinancing. Momentum investing, in contrast, is a faster strategy where you buy below market value, add value, and refinance after about six months
    • You don't have to evict tenants to conduct a refurbishment. Making improvements, especially to communal areas, while tenants remain in place saves on void periods (no rental income) and other ongoing costs
    • If you plan to refinance quickly using momentum investing, you should avoid two, three, or five-year fixed-rate mortgages. Instead, use bridging finance or cash, as these options allow you to refinance after six months without incurring large early redemption charges
    • BEST MOMENTS

      "What we do is we get bridging finance where there are no penalties. It's a higher interest rate but it's still cheaper than having to pay big repayment penalties."

      "If you can possibly have before pictures they see what it looked like before the work was done, they see what it looked like now, that also helps them understand that you've added value to the property."

      "I would highly recommend to maximise the valuation when you're doing refinances, take the time just to put a two-pager document together with the information I've shared with you."

      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:

      Facebook: ⁠http://www.facebook.com/OfficialSimonZutshi⁠

      LinkedIn: ⁠https://www.linkedin.com/in/simonzutshi/⁠

      YouTube: ⁠https://www.youtube.com/SimonZutshiOfficial⁠

      Twitter: ⁠https://twitter.com/simonzutshi⁠

      Instagram: ⁠https://www.instagram.com/simonzutshi/⁠

      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.

      This Podcast has been brought to you by Disruptive Mediahttps://disruptivemedia.co.uk/

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      Property Magic PodcastBy Simon Zutshi

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