Property Magic Podcast

In this episode Simon explains in detail exactly how to negotiate a great price on your next property investment and shares the one question, you must ask, that will save you thousands off of every property purchase moving forward.

Every negotiation is a series of steps and Simon shares exactly what you should be doing and saying at every point in the process to make sure you get what you want.

As a potential buyer, you are in a really strong position – the seller wants to sell their property and is motivated to do so, but you don’t need to buy this particular property for you there are always others, you are only interested in buying if it’s a great deal that works for you.

Listen in and find out exactly what questions you should be asking and how to negotiate the deals that will save you thousands of pounds moving forward.

 

KEY TAKEAWAYS

The Preparation

What do you want to pay, What’s the best scenario for you? What would be the worst-case scenario you would be happy to accept? At what point would you walk away?

Price is not the only factor -  you can negotiate on terms as well, such as when they receive the money from the transaction.

Options include purchase lease, exchange with delayed completion and staged payments.

Once you are clear on what would work for you,  you need to know what would work for the seller.

The majority of sellers want to maximise their price but motivated sellers want speed and certainty and sometimes they will take a lower price because the price isn’t as important to them as actually getting the deal done. 

It’s really important to build rapport with the seller because when there is trust, they are more likely to tell you what’s important to them.

The offer

You need to mentally prepare because there is a balance between wanting to make money and achieving an ethical win,  win for all involved.

Ask the seller ‘what’s the lowest price you would be prepared to take and still be happy ?’ if you have built rapport this makes people really think.

Make an offer on every property you view. This is good practice and helps you work out what properties are worth to you.

When you have decided on your offer take off 10% - this will mean it’s a very low offer – they will probably say no but you’ve given yourself space to negotiate a price that works for you.

Once you have made your offer – you need them to respond before you say anything else, the silence can psychologically provide you with the advantage.

The Follow up

This is where many investment buyers fail. When the seller comes back and says no – the question you must then ask is ‘what would work for you?’ and remember sellers become more motivated with time.

You need to proactively follow up, this is one of the easiest things to do but many fail to do this.

Many investors rely on the agent or the seller coming back to them but you should develop a daily habit of following up on every offer you have made.

When you start to really engage in the negotiation process and you will pay less for the properties you are investing in moving forward

 

BEST MOMENTS

‘It’s important to never make assumptions about what they want’

Many investors rely on the agent or the seller coming back to them

‘You want to get a good deal but you don’t want to push it too hard’

‘What can you afford? What’s the maximum you want to pay’

 

VALUABLE RESOURCES

·     Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

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

iPhone:  http://bit.ly/pinAPP1

Android https://bit.ly/pinAPP2

Never Split The Difference - book by Chris Voss

 

ABOUT THE HOST

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.

 

CONTACT METHOD

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/

We all know it’s a good idea to diversify your investments  but this needs  to be balanced by focusing on one investment strategy at a time to avoid being distracted by ‘shiny pennies’

Simon has developed a hugely successful personal investing strategy and shares in this episode how he’s been able to successfully diversify his assets over the last 25 years.

There is now so much information available it can be overwhelming for new property investors and the shiny penny syndrome can be a challenge – hearing about a strategy, beginning to implement it then hearing about a different strategy that sounds exciting, more profitable and easier so you drop the first strategy in favour of the new one and this becomes a repeating pattern. The result is no strategy is properly understood or implemented and you never achieve the results you deserve. Listen in and find out about how Simon has. achieved his phenomenal success and how you can take action and begin your journey

 

KEY TAKEAWAYS

• The main asset classes are:

Property

Stock market

Business

• You should mastermind one strategy before you diversify into another.
• There are opportunities to diversify within a particular strategy to spread the risk.
• Once you have mastered the asset class of property you should consider being involved in one of the other classes.
• Property
• Once my property portfolio was cash flowing, giving me more than enough to cover my living expenses I’ve had the time and freedom to do what I want to do.
• Property investing is a vehicle to gain the income needed to allow you to spend the time doing what you really want to do.
• What would you do? How would you spend your time?
• It’s important to have clarity on this and hold it as your vision because this will motivate you to take action and build your portfolio and income.
• Business
• When I looked to diversify, as an entrepreneur I looked for an opportunity to solve a problem through providing a solution this led me to create an online platform that facilitates loans between property professionals and everyday investors.
• The platform is an FCA regulated business that is now a multi-million-pound business that I’m not that involved in. I have a great team running it and growing it for me.
• Stocks   
• I diversified into stocks effectively through a system that only requires a few minutes of my time each day
• The ‘Jeremy method’ is a strategy that when implemented means you can make between 1 and 1.5% per month, accumulating to 12-15% per year and only spend 5 minutes of your time each day to achieve it.

 

BEST MOMENTS

‘You must always check to make sure the company has a  great product or service and that there is a good-sized market, that people need and want the product and service’

‘I like to invest in businesses where I can also offer guidance, expertise and mentorship

and ideally, the ability for me to publicise that business though my extensive network’

‘When you have the income, it is very liberating to decide how you spend your time’

 

VALUABLE RESOURCES

Find out more about Serviced Accommodation with YPN’s TOTAL SA monthly, online mentorship. Details here: http://bit.ly/TOTALSA

 

Find out how to gain 12% to 18% p.a by investing in the stock market in just 5 minutes a day. Details here http://bit.ly/JeremyTraining

• Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi
•     property investor’s network (pin) - www.pinmeeting.co.uk

Download the pin meeting App here:

iPhone:  http://bit.ly/pinAPP1

Android https://bit.ly/pinAPP2

 

www.jeremymethod.com

Crowd Property website

 

ABOUT THE HOST

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.

 

CONTACT METHOD

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/

 

Being a landlord can be tough sometimes. The wrong tenant can give you endless headaches, including non-payment of rent. And how can you make the most of those times in which your properties are left standing empty?

 

In this episode, Simon gives you some great advice about how to attract a better quality of tenant, effective ways of finding those elusive tenants, the process you need to follow when you find one, and the ways in which you should pursue a tenant who owes you money, even years after they’ve moved out.

 

KEY TAKEAWAYS

 

• Especially when you’re starting out, managing the property yourself might seem like the best option. 
• Property Manager fees can make a huge dent in your nascent profits. 
• You may feel as though you can provide a better service to your tenants than an already busy Property Manager can. 
• You may feel as though you want every opportunity to get to know your tenants.

 

• If you are hoping to found a property empire, then you can often spend more time managing them than looking for new ones. In this case, it’s advisable to get yourself a good property manager.

 

• Making sure your properties are full at all times, is a fundamental keystone of a successful property concern. Empty rooms and empty houses is literally money down the drain.

 

• Paid adverts for your properties on websites usually have a more prominent position. Free ads slip down the listings very quickly.

 

• Once a prospective tenant gets in touch, make sure you respond to them rapidly. It’s likely that they will be looking at multiple options, and another landlord may beat you to it if you take too much time to respond.

 

• Current tenants are usually a great way of finding out if anyone in the area is looking for a rental. This can be especially useful if someone is moving out. A simple query will often result in the name of a friend looking to rent, or someone in search of an upgraded form of accommodation.

 

• Letting agents and local employers are often a good source of potential tenants. Incentives can be offered in the form of a finder’s fee.

 

• Arranging viewing with tenants is often time-consuming, so make sure you use your time effectively. A text on the day is useful in determining if the tenant is still interested, and can save you much time if they are not planning on attending. Your time is valuable.

 

• Tenants on a viewing should be asked to bring along their most recent wage slip, proof of address, National Insurance Number and form of photographic ID. This will save you both lots of time. There’s no point in taking a property off the market if the tenant can’t afford it, or they’re not who they say they are!

 

• Asking for a guarantor at the initial stages will be invaluable in the future in case your tenant fails to keep up with payments to you. A guarantor should ideally own their own property, which can be used as an incentive to make sure you get paid.

 

• A How To Rent Guide should be provided to your tenant when they movie in. This can be downloaded from gov.uk and provides them with a complete guide to the legalities of their tenancy with you. 

 

• Other essential materials that need to be provided by you are a copy of the Energy Performance Certificate, a Gas Safety Certificate and a copy of your HMO Licence (where applicable). 

 

• A Right To Rent agreement must be signed by your tenant. They must also be made aware of the inventory of the property. Another useful resource at this juncture is the National Landlords Association, which can provide accreditation for you.

 

• In the event of non-payment, Simon advises the following procedure:
• On the day of the non-payment, a simple text to advise that payment has not yet been paid.
• The day afterwards, alert your tenant to your previous communication.
• After seven days, a letter to advise that rent is now overdue and must be paid. 
• After fourteen days, another letter to advise that rent is now overdue and must be paid.
• After twenty-one days, a further letter to advise that rent is now overdue and must be paid.
• After two months of arrears, it becomes possible for you to pursue payment through legal means.

 

• Removing a tenant from your property can be difficult. Try to work with them, but if this isn’t possible, use a solicitor, who will be well versed in due process.

 

• Claims can be sought through the Money Claim Online service. This allows you six years to claim the monies owed to you. So long as you have their name and National Insurance Number, you can track them down, perhaps in the future when they have more to lose by not paying you.

 

• The best way of reducing the void periods between tenants, is always to be a good landlord, first and foremost. One of the main reasons for people moving on, is that they are not being taken care of by their landlord.

 

BEST MOMENTS

 

’The more properties you have, the more and more time managing them takes’

 

‘Very often, people like the idea of bringing someone they know into the property, rather than a stranger’

 

‘Most people are lazy. If they see your property and it’s right for them, they’ll go for it’

 

‘If someone hasn’t paid you, don’t worry. You can still get your rent back’

 

‘Be responsive. get jobs done quickly'

 

VALUABLE RESOURCES

 

·     Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

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

iphone:  http://bit.ly/pinAPP1

Android https://bit.ly/pinAPP2

 

How To Rent Guide From GOV.UK - https://www.gov.uk/government/publications/how-to-rent

National Landlords Association - https://www.rla.org.uk/

Money Claim Online - https://www.moneyclaim.gov.uk/web/mcol/welcome

ABOUT THE HOST

 

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.

 

CONTACT METHOD

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/

In this episode, Simon looks in detail at the traits successful people share and explains how you can adopt them as part of your life and achieve more success.

From a burning desire to giving back and building teams, Simon explains exactly how and why you should emulate these traits.

We can look at successful people and think it’s easy for them but everyone including those who have achieved great success face challenges along the way – it’s how you respond that makes the difference.

This is a great listen, with something for everyone and includes details of a very special life-changing opportunity for someone to win a fully paid scholarship on Simon’s property mastermind program. This 12-month mentoring program would be an investment of  20k plus to attend and results in life-changing results, listen in and find out more.

 

KEY TAKEAWAYS

Successful people;

Accept personal responsibility for their success. The more effort and focus you put in the better the results you will get.

Have a burning desire and a strong reason ‘why’. When you have that burning desire that’s what makes you keep going.

Have speed of implementation. They do things quickly; they have an idea and take action (SOI) It’s about implementing straight away.

Are decisive people. Saying maybe is not a decision, it will hold you back in life, You’ve got to be more decisive.

Value their time and seek to maximise it We all have a limited amount of time and there is only a certain amount we can do in one day

Build teams around them. Don’t try and do everything yourself. Focus on what you are good at and pay someone else to do the things you are not good at.

Who are truly successful focus on the most important things. Work out the most important thing you need to do and do that first.

Put themselves into a supportive environment. They get like-minded people around them to support and champion them to move forward

Seek to stand out from the crowd Most people want to blend in and not stand out from the crowd but if you want to be successful you have to get noticed.

Fully participate whilst others just observe. Property investing is a participation sport, you need to be on the field taking action.

Volunteer and give back to others. This is an important part of being successful.

Don’t listen to their own excuses Everyone has reasons and excuses as to why they haven’t  achieved

Quickly bounce back from issues. They face the challenges, take the lessons then bounce back to be even more successful further in the future

Always do things to the very best of their ability If you do your best others should be happy with that

Have a positive can-do attitude. It’s about being a solution-focused thinker

Spot and seize opportunities. If you’re looking for them you can see opportunities everywhere.

Are not afraid of making mistakes. Life is about learning from mistakes. Understand things will go wrong and that it’s an opportunity to learn and get better.

Always have an open mind and are looking to grow more. They recognise that even if they are an expert in their field they don’t know everything.

Invest in themselves and in their continual ongoing learning. Invest in yourself first and this will attract others to you.

All use coaches and mentors to hold them to account and to move them forward. They know having someone to coach them can help them to reach a higher level.

Keep going and never give up. Once you have the training and the knowledge you have to keep going.

 

BEST MOMENTS

‘If you think you are going to do it someday you are never going to get around to it’

‘I will pay other people because I value my time’

‘You need to listen to people who know what they are talking about’

‘People go to our property investor network meetings to get a boost of positivity’

 

VALUABLE RESOURCES

• Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi
•     property investor’s network (pin) - www.pinmeeting.co.uk

iphone:  http://bit.ly/pinAPP1

Android https://bit.ly/pinAPP2

 

ABOUT THE HOST

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.

 

CONTACT METHOD

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/

 

‘If you follow these steps you will be able to quickly build your network, your power team and make some great friends in property’

In this episode, Simon explains the value of networking and how powerful your network can be. He held the very first dedicated networking event for property investors in the UK. It was held in Birmingham and marked the beginning of the Property Investors Network (pin) which now holds regular network meetings across the UK.

Through network meetings, he has met suppliers, JV partners, people who’ve become clients and some of his very best friends.

He has a special offer that means you can attend your first ‘pin’ meeting at no cost, just use the code ‘podcast’ when you are booking your place online

This is a great opportunity to get involved with ‘pin’ and once you’ve been you’ll want to go back every month to get your boost of property positivity.

 

KEY TAKEAWAYS

• When I began as a property investor, having left my corporate job, I found I was quite isolated and lonely. So, meeting with other entrepreneurs on a regular basis was appealing and helped me to build my power network, people I needed for my business, but I wanted to find a dedicated property investment network and network with others in the property investment arena. 
• It was helpful to be with other like-minded people and instead of having to make expensive mistakes I found it really useful to talk to other people who were doing the same thing as me. I was able to save time, effort and money.
• It doesn’t happen overnight it takes time to build trust and working relationships

but it’s worth it.

• There are lots of different types of network meeting from casual get-togethers to those with an educational element or sales pitches.
• Many other network meetings have been modelled on our ‘pin’ structure which is designed to provide informal opportunities for networking along with informative speakers providing value and local professionals sharing updates in their area of expertise.
• Set a positive intention about what you want to achieve, maybe you need a contact or have a particular question?
• By going along with a specific intention, you are much more likely to achieve it.
• Speak to as many different people as you can, that’s what you are there for, to increase your network.
• When you meet new people make sure you are interested in them and are thinking what you can do for them.
• The more you give to other people the more will come back to you
• Use the killer question - Who do you know who……? It gets people to think about their wider network.
• If you follow these steps you will be able to quickly build your network, your power team and make some great friends in the property space.

 

 

 

BEST MOMENTS

‘Plan to arrive early and leave late, dedicate your whole evening to increase your networking opportunities’

‘We know you are going to get so much value you are going to want to come back’

‘Arrange to have further conversations with people and make sure you have their contact details so you can reach out and arrange this’

‘Get some business cards printed, it makes you look professional when people ask for your contact details’

 

VALUABLE RESOURCES

·     Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

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

ABOUT THE HOST

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.

 

CONTACT METHOD

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/

Get a pen and paper—and let Simon help you list down your goals and really achieve them ALL!

Learn the proper strategies from Simon as he discusses them today in The Property Magic Podcast. He talks about how you can use the SMART template (the right way), how you should prioritise your tasks, how to select the timeframe, and many more. Simon, himself, didn’t even think once in his life, he’ll be able to impart his expertise and knowledge about property to other people, but through the habit of goal-setting, he was able to achieve it. Tune in to as he traces back his footsteps from the very beginning, so you can learn and do it too.

KEY TAKEAWAYS

• It was in 2009 when Simon achieved his dream to speak in Wealth Mastery. It was just on a mere goal list jotted on a piece of paper way back in 2001. Seeing it on the list unchecked, waiting for it to happen, motivated him to work hard even more.
• When setting goals, it’s important that you consider your capabilities and resources. A template which is used by most is ‘SMART’, meaning Specific, Measurable, Achievable, Realistic, and Time-based.
• Set goals that scare you. If things aren’t going well—there’s no progress—in where you are right now, then chances are it’s not the right place to be staying in. Explore outside your comfort zone; explore beyond your capabilities. It’s time to forget about the possible failure and the limitations.
• Daydreaming, fantasizing helps when creating goals too, to some extent. Write goals even though they’re too farfetched. You don’t have to achieve them at this very moment. It can wait. Who knows, you might get all the resources you lack right now and learn everything you need in the next year or so.
• Your goal list might look like there’s no end… and no one will care. But make sure that you know how to prioritise. One might get overwhelmed with the amount of goals he has put in and stop moving altogether. Author Brian Tracy suggests you learn how to classify your goals and tasks associated to them. It’s best you do the more important ones and finish them within a set timeframe.

BEST MOMENTS

• “Sometimes, your crazy ideas come from somewhere and writing them down gives it life and imagination.”
• “Success is waiting for you outside your comfort zone.”
• “What would you do when you have all the time and money you needed?”

VALUABLE RESOURCES

• Eat That Frog!: 21 Great Ways to Stop Procrastinating and Get More Done in Less Time by Brian Tracy | Amazon

90dayplanning.co.uk

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

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

You might have heard of purchase lease options and want to learn the ropes. In this episode of The Property Magic Podcast, Simon dives in on purchase lease options—how you can use this tool with other property investing strategies, how you can profit out of it, how you can offer it to property owners, and more. Simon has been enjoying purchase lease options since the 2000s, and according to him, there’s not a better time than to give in and consider it NOW. There have been a lot of changes and restrictions (i.e. Section 24), it’s high time we learn how to navigate our way despite these. 

On the next episode, we’ll learn how to fund your property purchases, so tune back in next week! 

KEY TAKEAWAYS 

• What is a purchase lease option? “It’s where you rent a property from someone for a set period and you may buy that property anytime within that time period for a price that you have agreed upon at the beginning of the auction period.” This can be used with any property investing strategy. 
• Always offer the property owner something he can’t refuse, something that will be better than any alternative. It’d be best if it could cover their mortgage and give them enough profit. Tell them how much advantage they’ll get when they let you manage their properties. 
• How do you know if the purchase lease option is the appropriate solution for the seller? There are two groups of people who want to sell their property: 

• People who want to sell to access their equities now. 
• People who want to sell for someone else to manage it, to be responsible about it. 

• The best people to get purchase lease options are landlords since they got the right mortgage conditions. 

BEST MOMENTS 

“You have the right to buy but not the obligation to do so.” 

“It only works when the seller doesn’t need the money from the property sales NOW.” 

“I’ve been using this strategy since 2007, but right now is probably the very best time to use this strategy because what happened in April 2017, Section 24.” 

VALUABLE RESOURCES 

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

www.PLOTraining.com 

property investor’s network (pin) - www.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 

www.pinmeeting.co.uk 

In this podcast, Simon shares a handful of carefully selected strategies that require little to none of your own money, and which will enable you to get your property empire up and running in no time. 

 

KEY TAKEAWAYS

• Normal mortgages are for 75% of a property’s value, with you having to find the other 25% as a deposit. Many people use their own money for this, and when they run out of operating funds, have to stop and wait until they build up their reserves before buying more.
• It’s vital that you keep up to speed with changes in the market when it comes to mortgage and investment products. If the system you’re using today is defunct tomorrow, then will you still be able to make money?
• Property network meetings are an essential place to attend in order to find investors and build relationships with people who can help you.

Rent-To-Rent - You take on a property from another landlord and rent it. You rent the property in a different way and increase the income in such a way that you cover the costs and still make a profit.

Purchase Lease Option (PLO) - As well as renting out a property on behalf of a landlord, you include in the contract a right-to-purchase option at the current market value, any time in the next few years depending on the contract length. If the property rises in value during this agreement term, you can buy at the original price and come into possession of a property that’s now worth much more.

Joint Venture - You find a great property deal and do the work on seeing to it that the property is worth the investment. Your venture partner then provides the initial equity, and you agree a percentage share in any profits.

Private Investor Loan - Obtaining a private loan from an investor, and instead of offering profit share, investors receive a fixed return.

Vendor Finance - Find someone with a property they want to sell, and who doesn’t necessarily need the money from the sale immediately (IE: want to simply put the money in the bank). Offer full market price for the property to these vendors, with you providing 70% of the purchase price through finance, and with the vendor leaving 30% of the value in the property.

Development opportunities that can add significant value to a property are wonderful opportunities. Sometimes the owners of these properties don’t have the knowledge or skills to do the job themselves. By finding these people and negotiating agreements, you can develop these properties and produce significantly higher prices once developed.

BEST MOMENTS

‘Is it really possible to buy property with none of your own money?’

‘If you can buy properties with very little or no money up front, then there’s no limit to the amount of property you can control’

‘You need to make sure you find people with similar values and objectives’

’There are lots of people with money in the bank that’s doing absolutely nothing for them’

 VALUABLE RESOURCES

•   Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

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

ABOUT THE HOST

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.

 

CONTACT METHOD

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/

In this episode, Simon details the step by step process of how to buy properties directly from existing landlords and why it’s a win, win for everyone involved and why now is such a

great time to use this strategy.  

The introduction of section 24 has changed the property landscape for landlords who own property in their own name and those who are higher rate taxpayers.

There are currently increased numbers of  landlords looking to retire and you can help them with a solution that is a win, win for everyone involved

 

KEY TAKEAWAYS

• Previously you could take a property, rent it out and take all the expenses off the rental income to calculate the profit. One of the expenses that could be included was the interest on a mortgage.

Finding landlords who want to sell:

The Targeted Approach - Identify properties you would like to have in your portfolio.

Contact Land Registry to find out who the owners are and contact them by letter to see if they want to sell the property.

Writing letters to specific property owners does work. The more letters you write the luckier you get

The Blanket Approach - Write to all of the landlords you can find in a  particular area to see if they would be interested in selling or renting their property to you.

You could take on the property on a rent to rent basis and change the strategy to make it more profitable for you.

A purchase lease option where you rent with an option to buy the property in the future is a successful strategy.

In the UK houses of multiple occupation have to be registered with local councils

You can access the list and write to the property owners.

You want the owner to open your letter so generating interest is key.

You can send the letter in a coloured envelope and it is positive if the address is handwritten

Treat this a campaign – people often only send one letter but the key is a sustained and consistent approach.

People need to see your letter 7 or 8 times in order to get the message.

If you have a large number of landlords to write to it can be broken down  into sections and a cycle created so that you are contacting landlords every 2 months.

 

BEST MOMENTS

‘They think now is the time to benefit from the equity growth and enjoy the rest of my life’

‘We know what’s going on at a grassroots level and more and more landlords are coming to our property investor network meetings to find out how to dispose of their properties’

‘Ideally, you are looking for motivated landlords those who’ve got some sort of problem that you can help with a solution’

 

VALUABLE RESOURCES

•   Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

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

ABOUT THE HOST

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.

 

CONTACT METHOD

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/