Tej Talks

Why does Craig love Student HMOs? How does he buy in London? What's his JV Structure?

These are some of the topics we discussed in todays episode, if you know him on IG, you know he is a hard worker. No excuses!

Craig Sullivan is an entrepreneur with true passion for property and is also known from his Instagram alias of 'Property Apprentice' which is notorious for early morning motivational sing-songs, videos and "BIG UP THE GRAFTERS!".

He purchased his first property at auction at the age of just 20 and has developed his property portfolio in the South-East, leaving his corporate job and pursuing property full-time at the age of 28. He studied Business at degree level but after attending his placement year he decided not to go back and has worked in Sales roles for major media companies such as Disney, Warner Brothers and Viacom. During this time, he purchased his second property (again from auction) of which was documented by the BBC and appeared on their hit show ‘Homes Under the Hammer’ (YouTube link - HERE).

After achieving great results and feedback from these investments, he soon came to realise that there was a gap in the market for high-end student properties and began to replicate his business model; buying below market value properties, adding value cost effectively, securing good tenants and refinancing to repeat the process.

As his personal portfolio was growing, he was approached by local landlords to manage their properties too. Craig immediately agreed and after some cheap flyers and a DIY website, his Letting agency was born. That Letting agency is now the largest provider of Student Houses in Medway, overtaking High Street names and local businesses who have been in the market for 25+ years.

Craig was also nominated for Business Excellence in the Kent Independent Traders Awards 2016 where he received runner up in ‘Entrepreneur of the Year’ and ‘Growth Business of the Year’ categories.

He has appeared on multiple property Podcasts and is also a regular speaker on local TV Station KMTV, where he is asked to comment on recent property headlines and topics.

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Key lessons:

• Contracts in place
• Hire slowly, fire fast
• Always physically check in work
• Hire a Project Manager
• Cross verify work
• Always check Gas Safe and Elec Safe work
• Use Asana/tools
• Be less nice
• Trust no tradesman
• Focus!

Check out TejInvests or TejTalks

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Let's talk about the market, where are we going?

Should you buy now? Or wait? What are End Valuations saying?

What's the IMF and the Wu tang clan saying? well, maybe just the IMF.

Rich has one of the highest EVER listened to Podcasts when he came on many months back, he even gave away a free skydive.

Now, we talk about supported living and why it's so awesome for Landlord, but also about how you can sell these assets to a REIT for a stooooopid valuation. I'm talking bags of $$$$.

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They have over 12 years’ worth of industry experience specialising in all areas throughout the development cycle including acquiring planning, construction and selling. 

Established in 2019, their mission is to deliver innovative developments committed to excellence through creative design, analysis and execution.

Hard Hat Developers is a property investment company established by Jasmine Dosanjh and Priya Kripalani starting as friends, Jasmine and Priya began their journey together as business partners in 2019, after individually fine-tuning their own investment portfolios. With their passion for property, aligned ambitions and matching morals, Jasmine and Priya joined forces to progress in the industry together. From there on, Hard Hat Developers was born.

Jasmine has been investing in the UK property market for ten years. She has a diverse portfolio across the country including Hertfordshire, Kent, West London, Stoke-on-Trent and Middlesbrough. Jasmine has been focused on various strategies including HMOs /Multi-lets, Buy to Lets, Social housing and more recently Commercial Conversions. Jasmine's full-time property adventure started 4 years ago and prior to this, she worked for 7 years in the City alongside property investment.

With a strong 7 years of experience in the banking industry, Priya has been investing into the UK property market for over two years. The past two years have developed rapidly for Priya, demonstrating commendable progress with projects in Liverpool, Sheffield, Birmingham, Barnsley and West London. Similarly to Jasmine, Priya has diversified her strategies to include HMOs/Multi-lets, Flips and now Commercial Conversions. 

tejinvests.com

tej-talks.com

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Roland Symonds quit a ten year banking career in search of a better work-life balance. He is now a full-time property investor and has developed a portfolio of 38 HMO rooms in under 2 years - all of them in London. Roland has leveraged commercial valuations to refinance his projects, enabling him to raise development finance from private investors.

www.sanctumhomes.co.uk

@bricks_and_daughters

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Dee has been a Business owner for 8 years +, faced many challenges that strengthened his resolve and acumen. He has built and sold 2 successful businesses at a profit. Dee loves travelling the world with his wife and three kids and experiencing different cultures.

We talk about the global economy, the indicating factors, what most people miss and the horrible job losses so far. We also go into why Dee is moving from sub £100k purchases to above, and how his investment area may not be working out for him anymore.

He has grown organically, quickly using creative purchasing strategies, alongside the BRR method. His ability to negotiate with vendors and understand complex deals has supported his success.

https://www.jointhe5amclub.co.uk/

https://www.instagram.com/dee_ludlow/

tejinvests.com

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We cover a range of topics in this live zoom, with the hosts asking questions and then the guests near the end.

• Builders
• How to find your team
• Branding
• Social Media
• Knotweed
• My first Investor
• My biggest challenges
• The pressure of property
• Balancing plates
• Interest only mortgages
• Ltd vs personal name

Thank you for having me on this live zoom call.

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Ex-Military training instructor turned multi--business owner and entrepreneur - Paul now operates a property business, construction business, private mentoring groups and a training academy teaching property investors how to manage a refurbishment project effectively, efficiently and compliantly. Ensuring maximum margins with a bulletproof, professional approach to each and every project you undertake - Paul's no BS approach to his teaching and coaching style ensures that you get it straight and not the classic : "it depends" you might hear on other courses in the property space.

Some of the questions I asked:

• Common building myths people post online? what grinds your gears?
• Worst things you’ve seen on site?
• Why are builders so annoying? 
• Finding and vetting Builders?
• Pricing of work?
• Is it possible for a refurb to be under budget and under time?
• How should we best work with Builders?
• Snagging?
• Dealing with poor work? Legals?

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It's bye-bye from 'The Property Duo'.  It's our last episode of this series and boy was it emotional! But fear not, the Duo will be back in the form of a physical event coming soon! 

This week's show may be topic-less, but we know there is (some) value in our ramblings!

We talk about some crazy quoting from builders - how do builders quote projects, how did you get to the price mate? The cheapest price isn't always the best and may actually cause you problems later down the line. 

Is it possible to project manage the build yourself and get this in on budget and time?

The importance of putting together a trade team together and reviewing this, renew your trades team monthly. It's better to have 10 trade people per profession then 1 or 2. 

We talk about the mental state and well being of both myself and Tej since lockdown started and how this has affected us both in different ways. 

Revaluation and the surprise Tej got when his property was valued up higher than expected. Are valuations returning to normal, or was this just a one-off? 

Have property education courses and trainers used lockdown to their advantage? Or has the lockdown got them hiding away too? 

Don't forget we have a few spaces remaining on a "Live 5 days Experience" DM one of us to register your interest. 

Lastly Thank you to everyone who has joined us over the last 20 weeks and made 'The Property Duo' a firm fixture in their diary. It's been great connecting with so many different people, and we look forward to seeing you soon, IF Series two returns. 

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Specialist in Property Portfolio Building, Director of 3 Property Investment Businesses, Sole Director of 1 Successful Estate Agency 

Anthony ‘Tony’ Fairs is 32 year old entrepreneur from Fenham, Newcastle Upon Tyne where he lives with his wife Rebecca and springer spaniel Bobbi. He started his property journey at Northumbria University where he studied a BSc Hons in Estate Management. Over the years he has appeared a number of times on ‘Homes Under The Hammer’ as well as local and national press. He does regular public speaking events and charity work. 

From university he went on to manage a a number of local estate agency offices and then two of the biggest auction houses in the country. Over the years Tony has carried our in excess of 8000 sale and rental valuations which is evident in his local knowledge and he has sold and let well in excess of 2000 homes 

In 2013 Tony opened Fairs Estates who offer all Estate Agency services including property sourcing, private/auction sales as well as a lettings/management department. The business is registered with The Property Ombudsman and currently manage in the region of £12million of property assets on behalf of clients. His company are also responsible via there power team for the maintenance of these properties from small jobs through to full home renovations. 

Tony has no shortage of contacts in the property industry that include estate agents, auctioneers, deal packagers, surveyors as well as tradesmen such as electricians, plumbers, etc. 

In late 2018 Tony formed a joint venture with a client and in the space of 15 months has created a portfolio valued in excess of £1million using the buy refurbish refinance strategy with 100% of cash invested back in the bank which will fund future purchases and help grow the portfolio. In 2019 he formed a 2nd joint venture purchasing 10 a block of 10 flats in need of refurbishment for £210,000 which have just revalued at £400,000 following a £30,000 refurbishment. 

https://investment-guide-newcastle.fairs-estates.co.uk/download

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