Property Sourcing Profits

Property Sourcing Profits

By David SieglerBusinessEducationInvesting
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Property Sourcing Profits episodes

  • What is BMV? It Doesn't Exist Right?!

    David discusses what a BMV property is and what a OMV property is and discusses how he doesn’t understand what they are. In this episode he also discusses his strategies and what concepts he does and doesn’t include in his business. 

      

    KEY TAKEAWAYS 

    • What does below market value mean? We’ve all researched prices and what we think properties are worth. 
    • You can have a street where properties are sold at completely different prices. 
    • Properties that are a lot cheaper but need a large amount to do the property up or fix it then it’s not a BMV property. 
    • A property that you can buy for a lower price but is in the same condition as the more expensive house is a BMV. But that’s so rare to find now. 
    • How do we ensure for our investors that we’re getting a BMV deal? Do this by adding value. 

     

    BEST MOMENTS 

    ‘What is the open market value’ 

    ‘Add value’ 

    ‘BMV is not a concept that’s in my business’ 

    ‘Don’t worry about BMV’ 

      

    VALUABLE RESOURCES  

    Property Sourcing Profits Podcast 

    https://www.progressiveproperty.co.uk/ 

    https://unlimited-success.co.uk/ 

    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 

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

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

    9 min
  • Getting Deals From Estate Agents – Do It Like This!

    When you’re starting out, it can be tempting to just rush out there and source as many deals as possible. But hold your horses!  

    There is a process you should be following, especially when it comes to dealing with estate agents, and in this episode David explains what it is, and why it matters.    

    KEY TAKEAWAYS 

    • Find your investor clients first! That should be the first step in any deal packager’s new venture. Find out what their criteria is, and then you can find the types of deals that they will buy.  
    • Equally as important is to find out what kind of deals they DON’T want. You can cross off half your potential deals when you know this, saving you huge amounts of time.  
    • Are you asking your estate agents the right questions? Are you giving them the right information? It’s a game of chess; you need to use the correct strategy. Building relationships is key.  
    • If you don’t have investors in place, and you keep asking estate agents to take you out on viewings, when you have way of securing or selling the deals, then they’ll write you off as a time waster.  
    • It’s a good idea to meet the vendor at the property. It’s a people business. You’ll find out way more about the vendor’s circumstances, and you might learn more about the property than you would from an agent. 

    BEST MOMENTS 

    ‘For some reason, when people are new to deal packaging, they don’t do it that way round’  

    ‘You’ve got to know what you’re looking for’  

    ‘It’s really important that you do it the other way around’  

    ‘If you know what you’re looking at, and you’re specific with your estate agent, then you’re going to get a much better relaltionship going’  

    ‘It’s a people business!'  

    ‘Viewing the house is not about viewing the house’  

    VALUABLE RESOURCES 

     

    Property Sourcing Profits Podcast 

    https://www.progressiveproperty.co.uk/ 

    https://unlimited-success.co.uk/ 

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

    Get Into Property - by David Siegler - https://www.amazon.co.uk/dp/1909846589/ref=sr_1_6?keywords=David+Siegler&qid=1570019066&s=gateway&sr=8-6  

     

    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/  

    17 min
  • Questions You Need to Have Answered if You Are New to Deal Packaging

    ‘Anyone new to deal packaging is probably asking these questions in their head but might not be sure about where to find the answers’ 

    In this episode, David answers questions from a new deal packager. These are the sorts of questions anyone who is new will have wanted to know the answers to; 

    How do I find a deal? How long does should I spend looking for a deal? When will I get paid? What stops someone stealing my deal? How do I find an investor? Are the skills needed to joint venture and deal package the same? 

    Listen in and find out the answers to these questions and more in this informative episode. 

      

    KEY TAKEAWAYS 

    • When you are looking for a deal it’s key you have the criteria of the investor and are sourcing properties that meet this. 
    • If you find the property that matches the criteria the client has set then you’ve found a deal 
    • The deal packaging can be as quick as a phone call to confirm acceptance from the investor if you are working with criteria and numbers that are set at the start of the process. 
    • When the package is accepted the deal moves into the legal process and the deal packagers fee is payable on exchange. 
    • The legal process usually takes approximately 8 weeks, the key is to continue generating a deal a week to ensure continuity of fee payment. 
    • Investors can be found anywhere and everywhere but the primary source currently is online. The best way is to position yourself in the property forums on Facebook. 
    • Talk about your experience and what you’ve been doing if you don’t have any experience talk about what you are going to do. 
    • Show others who you are, people want to make a connection. 
    • You are working to set criteria and with a specific numbers from a particular investor, it’s not at all likely someone else will be working with exactly the same numbers. 
    • When you work with an investor it’s about building a relationship. They may be working with other packagers covering different areas but if you have a good relationship they will only be working with you in your area. 
    • Occasionally people try to steal a deal if it happens you have to put it down to experience and not work with them again. 
    • The relationship you build with the investor and other involved parties in your area is key, it’s a people business. 
    • The skillset required for joint ventures and deal packaging are similar but not the same. 
    • For both, you need to find a great deal, have a great relationship with your Investor and both types of deal will make you money.  

       

    BEST MOMENTS 

    ‘Maybe at the start, you will view around 30 properties but the number will decrease as you become more skilled at identifying properties’ 

    ‘There is no investor shop you can visit’ 

    ‘It’s about your personal relationship with the investor’ 

    VALUABLE RESOURCES  

    Property Sourcing Profits Podcast 

    https://www.progressiveproperty.co.uk/ 

    https://unlimited-success.co.uk/ 

    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 

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

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

     

    29 min
  • 4 Questions You MUST Ask Investors!

    Welcome back to Property Sourcing Profits Podcast! In this episode, David has been asked a very important question by new property sourcing starters;

    "When I meet a potential investor, what do I say?"

    David's says the answer is in these 4 questions to any potential investor;

    What do they want?

    What are you looking for?
    Be clear on what your investor is looking for before you start looking! Avoid wasting your time, theirs and sellers by not knowing exactly what they are after. Whether that's the particular property requirements or returns they are looking for. BE CLEAR

  • Do they want to buy here?

    Do they want properties in your area?
    When you first start as a Deal Packager it's likely you won’t be sourcing across the whole of the UK. More likely you will be focusing on an area you know really well to get the best possible deals for your clients. Make sure you share this with your investor and not only are they happy for you to look in that area but you deliver the returns they are looking for.

  • Will they pay me?

    Will you pay me for my services?
    Its a question many new Deal Packagers struggle to ask when they are just starting out! You perhaps have that imposter syndrome or feel you haven't proved your worth yet to ask, or even worse you just assume they will! Make sure to get confirmation and that you are being paid for your time and effort.

  • Have they got the funds?

    Check they have funds available, you need to ensure that after all your time and effort sourcing them a property that they will be able to proceed! At the start ensure they have the funds available to them whether that's money or a JV they are involved with.


    VALUABLE RESOURCES  

    Property Sourcing Profits Podcast 

    https://www.progressiveproperty.co.uk/ 

    https://unlimited-success.co.uk/ 

    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 

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

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

    6 min
  • How to Get into Deal Packaging and Do it The Right way

    ‘If you want to get into property, new people can do this and make money from it’ 

     David is in Dublin at the Multiple Streams of Income event and is taking time out to do a ‘live’ providing a succinct overview and answering key questions about why deal packaging is an effective strategy -  whether you are new to property or already working in the property arena. 

    There is great content in this episode with the questions anyone who is thinking about this 

    as a strategy will be asking themselves. 

    If you want to create a business  from deal packaging or use it to generate cash flow so that you can fund and develop a different property strategy then this is well worth a listen. 

       

    KEY TAKEAWAYS 

    • If you are experienced in property you can develop a deal packaging business alongside your established property business to generate cash. 
    Is it a great place to start in property? – yes but do it right and find your investor first. You need to understand their criteria, wants and wishes to secure the deal they will want. 
  • You have to be compliant with registration with the right organisations and insurance and you have to be able to fund your compliance. 
  • Is it just for beginners? – No, it will bring cash flow to your property business. It can help you to grow the property strategy you want to pursue. If you are experienced its quicker to onboard because of your existing network and contacts. 
  • Why sell on a good deal? – there are many reasons it may not be in the right location, or you may have other deals, it may not match your criteria. 
    • If you want investors to work with you prove who you are to them 
    • Show them you are someone they can trust, show you are a good person, reliable and enthusiastic. 
    • Build your investor platform first and if someone reaches out, build a relationship with them, find out about them what are their dreams and aspirations? Can you fulfil them 
    How do you set it up? - Maybe you have set it up and nothing is happening, maybe you are 8 months in and nothing is happening. There is a well-established process and system for deal packaging. You have to follow the system and do it the right way to get the investors you want. 

      

      

    BEST MOMENTS 

    ‘In the 70/20/10 of property, your 20 should be deal packaging’ 

    ‘We are not selling bad deals’ 

    ‘I want you to do it the right way not back to  front’ 

    ‘You can ring-fence the money from your deal packaging to use as deposits for your property strategy’ 

      

    VALUABLE RESOURCES  

    Property Sourcing Profits Podcast 

    https://www.progressiveproperty.co.uk/ 

    https://unlimited-success.co.uk/ 

    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 

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

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

     

    21 min
  • HMO & Deal Packaging Expert - Jamie Madill

    ‘I like to maximise my rental income from every single property’

    The foremost expert in the field of HMO’s Jamie Madill joins David to talk about HMOs and the importance of starting with the end in mind.

    They discuss the rules and regulations surrounding this type of rental property, licencing, builders as part of your power team and why you should always be transparent, realistic and communicate well.

    This episode has something for anyone who is considering or already has an HMO with Jamie who is an expert in this field sharing his considerable expertise and experience.

     

    KEY TAKEAWAYS

    • If you are looking for your first HMO start with the end in mind, what is your end goal?
    • With an HMO you are diversifying the risk by renting individual rooms and if you get it right it’s easy to scale up and maximise with every single property.
    • There are increasing rule and regulations to make sure housing is of good quality and safe. You must make sure you know and understand the regulations for your particular area.
    • HMO’s are the most regulated type of property in the rental market.
    • The legal definition
    • A house of multiple occupation with 3 or more unrelated people sharing common facilities usually a kitchen and bathroom.
    • Licencing
    • There are 2 key licences - Mandatory licencing  when it 5 or more people sharing a house and additional licensing which is less than 5 people sharing a house.
    • When sourcing a builder look for recommendations and take the time to look at their previous work and feedback from other clients.
    • It’s vital you know who is in building control and build relationships with them.
    • Start with the investor first and source to order.
    • If you do the job properly no one buys just one deal.
    • It’s all about trust, you become part of their property investing journey.
    • You are dealing with people so it’s vital to be transparent and communicate well.

     

     

    BEST MOMENTS

    ‘Investors want to buy the result from you, what it will be worth when it’s complete’

    ‘I’m completely transparent and realistic – there are no guarantees you’ll get your money back or be able to get it out’

    ‘If I know exactly what the client wants then I can find a specific property that  meets their needs and end goal targets’

     

    VALUABLE RESOURCES 

    Property Sourcing Profits Podcast

    https://www.progressiveproperty.co.uk/

    https://unlimited-success.co.uk/

    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

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

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

     

    38 min
  • 4 Things I Learned From Meeting New Investors!

    In today's episode, David recaps the 4 most important things he learned after meeting new potential Property investors!

    This is what David learned 

    You have to understand that investors have a plan
    Make sure you are prepared! I can’t tell you all the times i have sourced a deal for the investors to then explain they want you to do it all! Have a refurb team, a management agent etc all waiting in the wings for when you might just need them. Not only will it get you out of a pickle but also show your investor you’re prepared for anything.
  • Investors want both; Cashflow and capital growth
    Don’t, I repeat DON’T send all your deals to your investor. This creates frustration and doubts that you understand their needs. You should spend enough time with your investors to drill down the specific details they need in order to say YES and the ones that are open to change. 

  • New investors to Property may not understand what they're looking at
    New property investors might not understand the deal you are showing them. They don’t yet have the experience to see a properties potential or how you got to the figures you are presenting. Be prepared to explain and walk them through the process. Not only will this make them feel more confident in the process but you also teaching them for future deal you send their way
  • New investors want to work with Deal Packagers who can do the job
    Why does your investor want what they want!? Are they after long term sustainable wealth or immediate cash flow… Make sure you know as they might not know the quickest way of getting there and you can help them potentially more with another type of deal.  

    Be prepared to teach. Now what do I mean by this? I mean new investors don’t know what they don’t know. It’s likely when people first enter the world of property they have an idea of the picture perfect homes they would be proud to own and show off to their family and friends…….The reality is what they are really after is financial freedom, cashflow etc and these properties rarely look (at the start) something you want to show off. So be prepared to teach and walk them through your process of how and why you are presenting a property that needs a little TLC to them. This will also save you time and time again every time you present them a deal as they will be more confident and understand the logic behind each one.

    As a deal packager you are a problem solver. Yes, you! So it’s important to know exactly what problem, goal or vision you are trying to fulfill for your investor. So from the start get clear, spend some time with your investor finding out their top line goals and drilling down the reasoning behind each. This is going to set you up for success! You will know the exact deals to send your investor moving forward and the ones which might not be exactly what they are looking for but will help them reach their goals faster. So spend some time getting to know them and see just how much easier the process becomes.

    VALUABLE RESOURCES 

    Property Sourcing Profits Podcast

    https://www.progressiveproperty.co.uk/

    https://unlimited-success.co.uk/

    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

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

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

    7 min
  • BREXIT! What we Need to Know as Deal Packagers

    ‘There is going to be a boom and there is going to be a bust what’s going to come next, we don’t know’

    This episode is about property and Brexit, Is it making an impact on the market? and if it is making an impact, what is that impact?  going forward what difference will it make?

    As deal packagers and property investors we are affected by what’s going on in the world David has researched what the current situation is and what the people who work in the property space think are the most likely possibilities depending on the outcome of Brexit.

    Listen in and find out what the drivers for house prices are and why we are always between a boom or a bust in the economy.

     

    KEY TAKEAWAYS

    What drives house prices?

    • Interest rates - these are at historic lows currently.
    • Housing demand – currently this is high.
    • Wage growth against the cost of houses - Historically in the UK it has been increasingly difficult to buy.
    • House supply -  there are not enough houses and the population is growing.
    • The key to house price growth is growth in the economy.
    • Something is going to be the cause of the next property crisis or the next property boom.

    The accepted possibilities

    • If we come out in an orderly fashion with a deal – the uncertainty will disappear and more properties will come to market.
    • Confidence will be restored and there may be a boom.
    • Staying in the EU could have the same outcome as the result is the restoring of certainty.
    • If we come out with a no-deal – there will be a shock which will possibly result in a small fall in property prices. Within 2 -3 years with agreements in place things will move forward and the confidence gained will result in a return to the norm.
    • Resolution is the key; uncertainty causes the most negative impact on the property market.
    • In any event, the property market will turn at some point, there will be a crash and there will be a boom.
    • Is it going to be Brexit or something else that affects the economy and in turn house prices?

     

    BEST MOMENTS

    ‘The concern across the rest of the world is very small economic growth’

    ‘Real wages are growing slowly which makes house affordability better in the North of England. In London and the South East affordability is a problem’

    I’m hearing about significant down valuations compared to 2 years ago’

     

    VALUABLE RESOURCES 

    Property Sourcing Profits Podcast

    https://www.progressiveproperty.co.uk/

    https://unlimited-success.co.uk/

    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

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

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

    25 min
  • Katy Wilson - Deal Packager Extraordinary and The Queen of System. For Zero to 6 Figures And How You Can do it Too

    In this episode, David is talking with Katy Wilson who quit her job and in a very short amount of time has built a successful deal packaging business in parallel with a growing property portfolio.

    They discuss how to find the right properties in the right location and using social media effectively to find investors.

    Katy shares some great nuggets that will benefit anyone in deal packaging in this informative and inspirational episode listen in and enjoy

     

    KEY TAKEAWAYS

    Before deal packaging I worked as project manager, I loved being an organised person but was living out of a suitcase so I quit my job but needed something that would have a quick return. It was then that Progressive came into my life. I wanted to build my own portfolio but deal packaging complimented that goal.

    In my first year, I packaged 15 deals and in year 2 I packaged fewer deals but learnt how to make more money from each deal.

    The right location

    You need to know your area, the rough streets from the good streets,

    Mouseprice  have heat maps which show the most expensive houses in red and the cheapest in dark purple. This allows you to find the areas in the middle that are right for deal packaging

    Marketing strategies

    I target and befriend valuers within the estate agents and through the valuer, I get my properties before they go to market.

    I love direct mail and have my magic letter which is an amalgamation of everybody’s ideas

    The response rate is around 11% and I send out 200 letters a month. This generates around 20-25 calls resulting in, on average, a deal a month minimum.

    Investors

    I find all my investors online and leverage social media

    I post everything I am doing on Instagram, Facebook and LinkedIn

    They all work very differently for me but they all bring in investors

    Post everything you do, be very active and you will start to get a following.

    The key is taking potential investors from just being a name on social media to a qualified investor.

    When I secure a deal, I work with two distinct layers of investors. I have VIP investors who I speak to regularly, I know what they are looking for and their numbers.

    My other level is to send the deal out my qualified investors who can then respond if it’s a deal for them and reserve it with a reservation fee.

     

    BEST MOMENTS

    ‘Little did I know how much money I would make’

    ‘You’ll always get an up value with a new bathroom or kitchen’

    ‘When you layer your valuers and then put direct mail on top you are going to do at least 2 deals a month from that’

     

     

     

    VALUABLE RESOURCES 

    Property Sourcing Profits Podcast

    https://www.progressiveproperty.co.uk/

    https://unlimited-success.co.uk/

    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

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

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

     

    31 min
  • Get Into Property: The Book. What It’s About And Why You Need It

    This week, David is “super, super excited” to be bringing you some news, hot off the press. Literally...

    Yes, David’s new book, ‘Get Into Property’ is out, and David is here this week to tell you all about how he wrote it, why he wrote it, and what you can expect from what’s sure to become one of the definitive texts on how to make money in property.  

    KEY TAKEAWAYS

    • David wrote ‘Get Into Property’ because there’s never been a book like it. In other words, there’s never been a book with David in it! But on a more serious note, ‘Get Into Property’ tells you not only how, but why you should be in property, as well as how it can change your life.
    • Money - Property has kept David financially secure, and that’s because of supply and demand. Inevitably property will increase in cost. Educate yourself and be a part of it.
    • Keep away from single-let licensing areas. Don’t buy a place in the “bronx”. Work out the type of property you should buy. If you’re starting out keep it simple: buy a house.
    • Know your numbers - We need be realistic. When the numbers aren’t there to support it, you need to ask why. 
    • North or South? When you’re starting out, properties in the North can give you cash flow. But once you replace your income, look for opportunities in the South.
    • Auctions - Buying or selling, it can be a tricky business. In the book, David tells you the best strategies to use in and out of the auction room.
    • When you run out of cash, it can be tricky, especially if a deal comes up. David reveals an alternative strategy in his book that will allow you to access instant cash for investment!
    • You need to get into property as soon as possible. David’s early investments have seen to it that the second half of his life has been comfortable, and the future is bright.

    BEST MOMENTS

    ‘Super, super excited!’

    ‘The little something they lacked was me!’

    ‘Making money in property is as easy as falling off a log. The secret is to stay on the log long enough’

    ‘All property investors run out of cash. I did!’

    ‘If you get involved in property now, it can solve problems for you later on’  

    VALUABLE RESOURCES

     

    Property Sourcing Profits Podcast

    https://www.progressiveproperty.co.uk/

    https://unlimited-success.co.uk/

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

    Get Into Property - by David Siegler - https://www.amazon.co.uk/dp/1909846589/ref=sr_1_6?keywords=David+Siegler&qid=1570019066&s=gateway&sr=8-6

     

    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/ 

    28 min

About Property Sourcing Profits

From the publisher's feed

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…

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