James is joined by Dave and Darren of Michael Alexander Sourcing, a property sourcing company. Dave and Darren share their backgrounds in construction and how they got into property investing.

They also discuss the challenges and regulations involved in setting up a sourcing business, including insurance, data protection, and money laundering checks, providing valuable insights into the world of property sourcing and the benefits of working with experienced professionals in the field.

KEY TAKEAWAYS

Dave and Darren of Michael Alexander Sourcing have a background in construction and project management, which has influenced their interest in property investment.

They started investing in property together in 2012 and have since built a portfolio of buy-to-let properties and HMO conversions.

As sourcing agents, they provide a range of services, from finding deals to managing refurbishments and connecting clients with trusted letting agents.

Compliance and regulation are important aspects of their business, including insurance, data protection, and anti-money laundering checks. They are also registered with the property ombudsman or property redress scheme to protect their clients.

BEST MOMENTS

"We do it. We're putting all this effort in. We're putting offers in on everything, but only able to complete on some of them." 

"We don't want to walk away from a deal because we've got lots of clients who have different parameters, different requirements, different expectations in terms of their level of return." 

"We've got to be fully satisfied under the AML guidelines that we've done all we should be doing in order to verify the legitimacy of that person and their source of funds." 

"We always give you know, we'll always be transparent. We're not going to mess around. We'll always give you our number. But if that doesn't work for you, then let's keep talking because we don't want to walk away from a deal."

VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591       

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem   

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Emails of the guest - [email protected] and [email protected]

ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

James D’Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO’s and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey.

CONTACT METHOD

You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Email: [email protected]

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

James Email: [email protected]

James Linkedin: https://www.linkedin.com/in/james-d-souza-552342104/

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