Property Sourcing Profits

In this episode, David takes a deep dive into packaging SA for investors. He takes us through this complex area providing detailed information and advice based on his own extensive experience.

If you are a deal packager this is a podcast you should be listening to, so that you can confidently add SA to your portfolio of offers for investors.

KEY TAKEAWAYS

• Houses, not flats or apartments

Houses are usually freehold whereas flats are usually leasehold. A leasehold usually doesn’t permit short term lets.  SA occupants arriving at unsociable hours could also be disruptive for other owner-occupiers in the block.

• Insurance is vital

We have insurance in case there’s a problem and the incorrect insurance can really hurt people as when things go wrong it can result in no one taking responsibility.

Make sure you have the right insurance for the use of the house. You’ve got to look after both your investor, yourself and stay safe.

• Finance

Make sure you are working with lenders who specialise in finance for the SA market.

There are lenders who will lend up to 75% of the purchase price based on postcode and the experience of the purchasers.

• Planning

If you are buying a house, if used as SA it will usually remain as C3, residential use. Councils can take the view that SA does not change the use of the property, it changes the term under which the property is occupied.

• Capital allowances

HMRC will approve capital allowances for commercial buildings. Capital allowances are tax relief, for bits of the building that are not actually the building, and it applies to commercial buildings. If you are buying a house for SA it is classed as a commercial building.

Get a professional capital allowance assessor to come in and tell you what is possible.

• Returns

The investor is going to be interested in the possible returns on a particular building.

In SA you can get multi-let returns in a single building.

• The SA management is key

The most difficult thing in SA is management.

Investors want hands free management, they might be located hundreds of miles away.

Access local property forums and find out who is managing property successfully in the local area. The SA management team is vital, and the deal can be broken or made through the quality of SA management.

• Council tax

Look at changing the property to business rates as it is a commercial building.

What’s the advantage? If you have one house in a local authority area you can then apply for small business relief and this could potentially result in a zero-business rate.

BEST MOMENTS

‘Packagers have to know how to package every type of property’

‘Everyone wants a bigger return on their money’

‘I like to keep it simple, so we source houses’

‘As soon as you begin to rent out individual rooms you will require planning to change usage to C1’

‘Remember as the packager, you source everything, take your fee and move on, it's your investor who will be doing this’

‘It's like the wild west out there at the moment’

‘Let’s party while the party is on’

‘The returns are the big seller, you are going to get the investor’s attention’

‘In a rent to rent your margins get squeezed very quickly, the bottom-line profits can be very disappointing’

‘It’s a strategy that offers investors massive uplift and good returns on their investment’

‘You should add it to your portfolio of offers as a deal packager’

VALUABLE RESOURCES

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

https://itunes.apple.com/gb/podcast/property-sourcing-profits-podcast/id1384873667?mt=2

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

https://www.linkedin.com/in/david-siegler-7b126316/

https://www.facebook.com/DavidSieglerInvestments/  

In this episode, David shares his excitement about creating a deal package in coalition with another deal packager. He explains the advantages for everyone in approaching property packaging like this and how trusted packagers working together across different parts of the country can all be successful.

KEY TAKEAWAYS

• Proverb - if you want to go quickly go alone if you want to go far go together

If you work together you can go twice as quickly, twice as far.

• People believe that they won’t be able to find a deal in or around London however they also will say ‘yes’ if asked about whether they believe property deals are done every day in London.
• In London there is low yield  but great capital growth
• In the North of England, you can secure deals which will generate 10% gross yield but the capital growth is low.
• We can all work together as a group of trusted property packagers all

earning money by working with preferred partners in different parts of the country.

• Good solid family properties in good family areas sourced in the North and then in partnership with a property packager working in the South of the country who seeks investment for the package.
• If you are working in London the quickest way to monetise your packaging operation is to form a coalition with a property packager working in the North who is sourcing great properties.

BEST MOMENTS

‘Let me try and help you make money’

‘By 2030 property prices will be so much higher’

‘You don’t need property to get into property what you need is a partner’

‘It’s the easiest way to get cash into your life’

‘I’m seeing evidence that it's happening now’

‘Some extraordinary deals are being done’

‘Most of the money in this country is focused in the South East area’

‘If there was a common language maybe we could find some synergy’

VALUABLE RESOURCES

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

https://itunes.apple.com/gb/podcast/property-sourcing-profits-podcast/id1384873667?mt=2

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

https://www.linkedin.com/in/david-siegler-7b126316/

https://www.facebook.com/DavidSieglerInvestments/  

How can you work out if they are serious investors?

In this episode, David provides detailed advice about how to make sure your potential investor is serious.  He provides us with key questions and explains why they are vital to ensure you can build a positive relationship with your investor. Listen in now to find out the questions you should always ask

KEY TAKEAWAYS

• It's important not to give up even when the circumstances are challenging. If you are persistent you will find someone who you can then build a relationship with and then you will need a process to help identify if an investor is serious. The following questions will drill down for you and your potential investor.
• What is their contact data?

You must capture their data and check it.

• What is their trading style?

It’s important to know what sort of investment they are looking for.

• What are their current circumstances?

You need to know about work and if they are self-employed.

• What is their property experience?

If you are new and they are new it might not be a good match.

• Can you provide proof of funds?

You must ask for proof of funding to be compliant with regulations. This question can be a hurdle for some people new to source packaging.

• Are you investing alone?

It’s important to understand in detail where the finance is coming from and who you are dealing with.

• What is it that you want?

If the answer is I want cash flow and low cost of entry you can provide a package for this but investing in property is what generates wealth over time.

• What strategies does your investor want to follow?

This is a big investment, so they need to understand exactly the project they are getting involved in and the differences in potential returns.

• What are their goals and plans?

What do they want to achieve, where do they want to be in a year’s time?

BEST MOMENTS

‘Single lets are still the go-to choice’

It’s a mental discipline and struggle to keep going when we suspect we are wasting our time’

‘You need to drill down’

‘All you find is others looking for cash like you’

‘We’ve just got to do what we do’

‘A worry can be that they are just looking to tap into your research, or it can be that they don’t actually have any money’

‘It’s all about building rapport’

‘You can source to order’

VALUABLE RESOURCES

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

https://itunes.apple.com/gb/podcast/property-sourcing-profits-podcast/id1384873667?mt=2 

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

https://www.linkedin.com/in/david-siegler-7b126316/

https://www.facebook.com/DavidSieglerInvestments/  

In this episode, David shares some invaluable information and advice for property investors at the start of their journey. Listen in to hear where and how you should be packaging deals and investing right now.

KEY TAKEAWAYS

• Capital growth

Capital growth makes you wealthy, and if you want capital growth you need to be investing in London and the South-East, there are some areas outside of this elsewhere in the country, but the property is at southern prices.

There is a sweet spot in the Midlands where you can still find a property that gives you capital growth over time with reasonable returns currently.

• If you want to package deals in London what should you be doing?

In and around London student apartments in older buildings can be reconfigured from studio to 1 bed and single bed to 2 bedrooms.

• Look for flats that have rights for the loft space as these can be reconfigured to use that space.
• Title splits

Sometimes you can find a building that is on one title even though it is made up of flats. This provides an opportunity to take the freehold building with flats within it and set individual leaseholds for each flat.

There is a market value for each freehold lease. There is a cost, for splitting the units but a huge value in selling the freeholds.

• Retail units

Retail units with accommodation above are the next commercial to retail.

It is possible to achieve good forced capital growth through refurbishment of these buildings.

BEST MOMENTS

‘This can be done’

‘It is possible to gain a huge uplift’

‘They’ll sort it for you’

‘Huge amount of wealth in just one deal’

'If you buy a house in London today, absolutely in 2030 it will be worth more money’

‘Yes, there will be bumps along the way, but it will right itself’

‘If there is a way to fund the deal they will fund the deal’

VALUABLE RESOURCES

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

https://itunes.apple.com/gb/podcast/property-sourcing-profits-podcast/id1384873667?mt=2

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

https://www.linkedin.com/in/david-siegler-7b126316/

https://www.facebook.com/DavidSieglerInvestments/  

GET YOURSELF A MENTOR

DESCRIPTION

‘The value of mentorship is huge and the insights my mentors provide are incredible’

In this engaging episode, David compares his previous experience of business with no mentor to that of both being a mentee and more recently a mentor.

If you want to find out about mentorship from all the different viewpoints listen in and David will share all.

KEY TAKEAWAYS

• As a mentor, I have learnt there are 3 key things that any mentor needs to understand.
• People are Smart

Everyone understands that they are building their own vision and dream.

People are different and they express their smartness in different ways.

As a mentor, you need to understand that people are different, and people are smart

• People want to have Success

Success means different things to different people.

Are you an empire builder or a lifestyle entrepreneur?

An empire builder will put everything in life second to the vision they are pursuing. A lifestyle entrepreneur is seeking to gain enough to live the lifestyle they want.

The advice a mentor gives an empire builder will be very different from the advice for a lifestyle entrepreneur.

• We are stronger together

We all need someone who has more experience and has already walked the path. Someone who can listen to you, advise you and guide you.

If you can access a group of other mentees then the rewards of being part of a group can be very positive as you learn from each other.

BEST MOMENTS

‘Find yourself a mentor, someone you can connect with to share challenges and triumphs’

‘I have a big idea and I want to do the big idea’

‘I’m getting better at focused advice’

‘I initially found mentoring very stressful because I was concerned about the responsibility’

‘Today I am mentored, and I have somewhere to go to share my goals, concerns and worries’

VALUABLE RESOURCES

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

https://itunes.apple.com/gb/podcast/property-sourcing-profits-podcast/id1384873667?mt=2 

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

https://www.linkedin.com/in/david-siegler-7b126316/

https://www.facebook.com/DavidSieglerInvestments/  

This highly informative episode explains gross investment and net income in a clear and concise way for all of us who are interested in property investment. David includes detailed examples so that anyone listening will be better informed and have a more in-depth understanding of how to calculate the key numbers.

KEY TAKEAWAYS

• Gross Yield

This is a number that everyone in the property market should know. Investors need to know it and it is the number deal packagers have to meet.

It is the total income from the house, the total rent roll - if it is a single let it will be the one AST and the rent is easily identified. If working with HMO add up the income from each room. If you are calculating for SA, it is the total income from your guests in a calendar year.

The total is then divided by the total cost of acquisition.

The acquisition cost is the price of the property, stamp duty, accidentals and deal packaging fees.

Take the gross income figure and divide by the cost of acquisition figure. The outcome is then usually expressed as a percentage.

• ROCE

Return On Capital Employed (ROCE) - this is absolutely key and the number that the investor is most interested in. It is the return on the capital they’ve got employed in a deal.

To work out the ROCE you need to know the net income. Take the gross rent figure and deduct any cost of ownership e.g.in an HMO the cost of insurance, wi-fi, water rates, cleaning etc. If it is a single let the deduction will be the agency fees and repairs. These amounts are all deducted from the income figure. You finish up with a net income figure for a 12 month period.

Your net investment in the deal is calculated by – taking the net rent roll after all costs and dividing it by net amount of money left in the deal.

BEST MOMENTS

‘We are here to serve’

‘Vital information for you, make sure you get it right’

‘In property, you are mixing together the concept of net income against a gross investment’

‘There are only 2 numbers you need in property gross yield and the return on capital (ROCE)

‘Investors tell us what they want, and we go out and get it – a bespoke business’

VALUABLE RESOURCES

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

https://itunes.apple.com/gb/podcast/property-sourcing-profits-podcast/id1384873667?mt=2

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

https://www.linkedin.com/in/david-siegler-7b126316/

https://www.facebook.com/DavidSieglerInvestments/  

Have you ever come across a distressed vendor? Have you ever considered what to do when you encounter a property owner who’s desperate to sell? In today’s episode of the Property Sourcing Profits podcast, your host David discusses how you can turn distressed vendors into motivated sellers and shares with you why it could be a good thing for your property sourcing business.

KEY TAKEAWAYS

• Who is a distressed vendor? This is a vendor who desperately wants to sell.

• Distressed, motivated sellers, is it a good thing? This could be a good thing because you might be lucky enough to buy a property BMV and later on sell it at a profit. You stand to make a very good amount of money because the distressed seller might have sold it to you at a very low price because he needed to desperately sell the property.

• What you need to do if you get a Landlord with 8, 10, 15 houses on the market. Know the addresses and want to know who the lender is. Once you got the addresses, you can go to the land registry, do a search for three of the properties. Don’t do 10 or 15, pick three or four addresses and go to the land registry, payout three pounds on each, maybe 12 quid in total and see who the lenders are. Know when the distress vendor actually bought the properties. You also need to know how long the mortgage term is.

• Why you need to be cautious with distressed vendors. If it is one of those lenders who specialize in the day one re-mortgages back in the day, then alarm bells need to ring and they need to ring because those lenders are no longer actively lending in the market and they've probably sold on their mortgage books to different companies who are not mortgage providers. They are basically trying to collect as much money from the mortgagees as possible.

BEST MOMENTS

• “New Year resolutions, keep on it, keep at it, a New Year’s resolution is not just for the New Year, you have to keep at them all the years.”
• “From distressed sellers, motivated sellers, you get a deal.”
• “If a distressed vendor won't move on his price, there's an alarm bell ring in there.”
• “Go out and find your distress vendors. There are some good genuine people out there, good distressed vendors; they're the ones you need to work with.”

VALUABLE RESOURCES

• https://www.facebook.com/groups/progressivepropertycommunity/

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

• LinkedIn: https://www.linkedin.com/in/david-siegler-7b126316/

Developing a garden is one way you can add value to your property.

In this episode of Property Sourcing Profits Podcast, David lets you in on everything you need to know about in-filling or garden development. What David presents today is a real case study (with real numbers) from one of his mentee. He hopes that you learn from this perfect example and learn how you can add value to your property by exploring the benefits of building a garden. Discover also the things you should consider or look at before you decide on doing it so make sure to tune in.

KEY TAKEAWAYS

• For example, how do you know that you have an in-filling/garden development opportunity right in front of you?
  • The house as is on the market for £350,000. It’s a 3-bed, 2-bath family home, 2 receptions, significant detach building. It’s a bungalow.
  • And the vendor is willing to consider the range of £300,000 - £350,000 because according to the state agent the bungalow needs updating significantly.
  • What’s even cooler is the garden is big enough to separate off the rear part of the garden and most of the garden to build a new house on it.
  • It will cost £150,000 to build the new house. £200,000 will cover the building plot and the potential profit.
  • As a deal packager, after uplifting the value, you can get a really massive fee.
• Things to Consider Before Developing the Garden
  • Talk to your local highway authority/local council. Are there going to be issues with accessing public highways from the garden?
  • Check if the levels of the ground are sensible.
  • How big is the house for the garden? 85 square meters is what you need.
  • The cost to build it. It will depend on the specification and where you are situated in the country.

BEST MOMENTS

• “When you can find an in-filling opportunity – a garden development site opportunity, then you’re certainly adding value for your investor and your investor needs to know about it.”
• “A deal packager doesn’t have to know the numbers inside out. A deal packager has to know the numbers sufficiently to prove to the investor that there’s an opportunity here.”
• “It’s not risk-free for the investor… which is why I say that you shouldn’t go to a newbie. You’re ought to go to someone who’s experienced, seasoned, and knows what they’re doing.”

VALUABLE RESOURCES

• Progressive Property Facebook Community

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

• David’s LinkedIn
• David’s Facebook

Want to land on a deal as smooth as possible?

Today on Property Sourcing Profits podcast, we learn directly from the expert, Kevin McDonnell. Kevin is a Serial Entrepreneur, Author, Property Investor and Public Speaker and is regarded as the foremost expert in the UK when it comes to creative property investment strategies.

Our host David, together with Kevin, enacts a vendor-seller purchase – from the phone calls to the in-house meeting to actually landing the deal. The episode is divided into these 3 parts. After every section, they give great tips you can use in your future sales.

You’ll encounter different kinds of clients, so this episode could be a starter for you to actually build a rapport with them and help them sell their property. Make sure to take down notes so you can focus on getting big property deals in the future.

KEY TAKEAWAYS

• Ask everything about the house you’re selling from how it looks like to the time how long you’ve got it to the contract terms to its features. Prepare your critical questions before the call so you won’t miss anything. You’ll be needing this to know how you’ll structure and price the property.
• Build rapport and show you really want to help the client. Always call the client by his name when communicating and ask nicely. Observe how he responds to your questions during the call so you’ll be ready to deal with his character face-to-face.
• During the in-house meeting, make sure that you didn’t miss anything. Know the client’s motives and urgencies.
  • To build rapport, try to find items (e.g. photographs) that could be the start of the conversation and loosen up the atmosphere a bit.
• For sure, the client would want his property to be sold at a higher price. It’s your job now to make him understand and settle on a reasonable price.
• When you’ve agreed with an amount, make sure you update them with the schedule while sorting out the search for a buyer and other processes.

BEST MOMENTS

• “Obviously, he still thinks the house is beautiful, and I didn’t I focused on me saying the house wasn’t. I focused on how every type of person has their own preference for what they like in the house… so I’m not making him dislike me for saying the house isn’t nice. I’m making him understand that people are different.”

VALUABLE RESOURCES

• Progressive Property Facebook Community
• Better Homes and Gardens Real Estate Star Homes

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.

ABOUT THE GUEST

Kevin McDonnell is a Serial Entrepreneur, Author, Property Investor and Public Speaker and is regarded as the foremost expert in the UK when it comes to creative property investment strategies. He is the Author of “No Money Down Property Investing” and “The 7 Biggest Mistakes when starting out in property & how to avoid them”.

CONTACT METHOD

• David’s LinkedIn
• David’s Facebook

Kevin McDonnell

• Email
• https://kevinmcdonnell.co.uk/

Shops and retail space is one of the most exciting opportunities for property investors and deal packagers, in 2019. It doesn’t matter where you live or where you invest, SHOP-ping is the property strategy that can be deployed anywhere. Tune in to hear David explain where to invest and how to locate the secondary and tertiary positions that are perfect for investment.

The retail industry is in disarray and you and your investors can profit by targeting shops, retail space and lock-ups in the ex-high street areas throughout the UK and in today’s episode David shares with you a personal case study of how to do this and why!

If you want to work with David, contact him using the links below:

KEY TAKEAWAYS

• Town centres, however, might not be your ideal investment. It’s the secondary areas, the tertiary areas that can be the best investments. This is the high street that used to be the high street.
  
  

BEST MOMENTS

“If you can, test drive your investments so that you can serve your investors better by knowledge the market and have experience in what you’re doing.”

“There is retail stock everywhere, you just don’t recognise them.”

“We are looking for ex-high street shops”

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
David’s LinkedIn
David’s Facebook