‘I get feedback, sometimes tough love is necessary, sometimes a kick, sometimes a guiding hand’

In this informative episode, David tackles the issues and questions that have been raised by some of the deal packaging community.

He focuses on some of the issues those early in their deal packaging experience often find the most challenging and provides succinct advice on how to deal with the problems and move forward from these ‘road blocks’

 

KEY TAKEAWAYS

I’m doing lots of work for investors, when do I get paid?

• Finding investors first is key, you haven’t got a deal until you’ve got investors and you need the right investors.
• Choose wisely and make sure you work for the right people, listen to what they say, if they have the experience, are real and are nice to you, build a relationship with them it will have a positive outcome for you.

When is a deal, a deal?

• You’ve got to add value, increase the numbers and make your investor wealthy whether in the South or the North we use our education to make the investors wealthy.
• We use our education to source properties that we can do something to, add value and improve the gross yield.
• Don’t change your area, don’t change the property, change the strategy.
• You need access to people who can help you, people around you.

If I find a deal how do I get it off the market?

• It all depends on the relationship you have with the estate agent. If the relationship is positive some will work with you and these are the ones you need to find and work with on a regular basis building a positive relationship.
• You’ve got to be credible, confident, realistic and know what you are talking about what your strategy is and the destination for the property. It's only these one to one relationships that will allow you to move forward. If they don’t trust or believe in you they are not going to take the property off the market.

 

BEST MOMENTS

‘Don’t go with tyre kickers and time wasters, I can teach you how to do that’

‘Build your network of people and you will get paid’

‘It will happen for you’

‘You will eventually get to a point where you have too many investors for the deals you have available’

 

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/