‘You do not have to do it alone,  if you’re not getting the results you need then find yourself a Mastermind Group and get into it’

In this episode, David explains the vital component that any deal packager should be making use of to grow their business. He takes on the those who say you can’t package a deal unless you know the strategy inside out and explains why this is wrong and what you should do if you want to make progress fast.

 

KEY TAKEAWAYS

• People say deal packaging is not easy, you’ve got to honour your investors by finding them fantastic deals and if you are going to find the deals in any strategy you have to understand that strategy.
• If you are looking for a fast start do you have to be a seasoned property professional
• in your chosen strategy? The answer is no but what you do need is to be able to talk to someone who is an expert and knows how to do it.

The benefits of a Mastermind Group

• In a group, there are experts across different strategies. You pay to be part of a Mastermind Group, to be in that room so you can leverage their experience and expertise to help you in your deal packaging business.
• It accelerates the journey, they can tell you what you need to be able to package a particular strategy properly.
• Being part of a Mastermind Group is investing in yourself to get back up and support.
• You will be getting yourself amongst a group of people who know how to do it. They are a power team who’ve been there and done it multiple times and if you are part of the Mastermind Group, they will be able to help you.
• It's vital that you implement exactly what you are told and this will lead to deals and fees.
• Being part of the group means that if you get stuck at any point you can go back to your group seek advice about what you should be doing differently and then adjust.
• You do not have to do it alone, working in property can be a very lonely business but if you’re not getting the results you need then find yourself a Mastermind Group and get into it.

 

BEST MOMENTS

‘If you are not using it, you really should’

‘Suck all the knowledge out of them and go and put it in your business’

‘Do not listen to anyone who says you can’t package deals unless you’ve done the strategy for umpteen years’

‘There are such cool people in my Mastermind Group’

‘Put yourself in front of other people who know how to do the other stuff’

‘Just try and do what they say, because they know what they are talking about’

 

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/