In this very special episode, the conversation is flipped the other way around! David finds himself being interviewed about deal packaging and property by none other than Khadija Kalifa, one of the most successful contestants on BBC’s The Apprentice, and a valued member of the Progressive Property team, who met with David to dig into his more personal side, but also to discuss his journey, his take on success, and what deal packaging can do for you…  

 

KEY TAKEAWAYS

 

• The average fee for any deal packager in the UK is £5,200. Lining up a few of these deals in a row can net you a superb income.

 

• Deal packagers need to work using lots of different strategies, such as buy-to-lets, HMOs etc. But the more you work at it, the bigger your network grows, and the more successful your company will be.

 

• You can increase your yields by layering on your knowledge, your different strategies. By using HMO or SA strategies on your investments, you can raise your yield percentage, which is always attractive to investors, who can earn way more from being a part of your strategy than from traditional savings interest rates.

 

• If you’re going to be a property person, you need to make firm alliances with people you can trust, and who can make your business tick along reliably. There’s no substitute for a power team.

 

• You need to enjoy your journey, whatever that may be. David always applies humour to his public speaking, but also looks on the brighter side in every part of his life. If people like you, it won’t only help you in business, but also in life.

 

• One of the most valuable lessons that David has learned is that it’s okay to think about business in a more collaborative way. For most of his business life, it was ingrained into him that you do not share anything that will benefit your competitors. But upon joining Progressive Property, David has learned about the value in networking, sharing and becoming part of a team that works tirelessly to help each other.

 

• Khadija and David both believe firmly that life should be lived to its full extent. It’s not enough to settle. Staying hungry and always planning for the next challenge opens up a world of possibilities in life, whether that is travel, security or being able to give your family the best version of life. But it takes work. You need to be prepared to put in the hours.

 

BEST MOMENTS 

‘I might be 64 but inside I’m 24!’ 

‘Deal packaging is the fastest way on the planet to get money into your property business’ 

‘Property is a joy’ 

‘All my material needs are covered by property’ 

‘You’re exactly the way you are at home, but bigger’ 

‘I’ve made more friends here over the past three years than I’ve made in the last thirty’

 

VALUABLE RESOURCES

Property Sourcing Profits Podcast
Khadija Kalifa – Instagram
Khadija Kalifa – Twitter

 

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

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