There are lots of strategies out there and Shaz, across this property mini-series, shares great content and information about the advantages and the disadvantages of the main strategies out there

In this episode, he explains how rent to rent could be the strategy for you if you don’t have any capital and why new builds can help you scale up to being a property developer with great margins. He also explains how lease option agreements work and how to find people who want to have a lease option agreement on their property.

 

KEY TAKEAWAYS

• Rent to rent is renting an asset from the owner and then renting it to the occupier
• The agreement with the owner will usually be a fixed term agreement or lease and you can rent out the property room by room
• The advantage for landlords is a  fixed rent with no voids or involvement in managing tenants
• With rent to rent, you can scale up really quickly and make a good profit
• With new builds you buy land with or without planning and develop it, the risk is higher if planning is not in place
• Do a detailed appraisal with a quantity surveyor - you need to know exactly how much things are going to cost
• Rent out the houses, sell them individually or sell to a housing association
• It’s a very involved strategy that requires expertise and time but there are great margins
• With a lease option agreement, you lease the property with an option to buy
• People entering into property lease option agreements usually have a challenge with the property that needs resolving
• There are people out there who want this type of arrangement, you need to get out there and find them

 

BEST MOMENTS

‘If you can find the opportunities it’s a fantastic way to scale’

‘Having more than one strategy is always a good idea’

 

VALUABLE RESOURCES

[email protected]

 

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

·    Facebook

·    LinkedIn

·    Instagram

·    YouTube.