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What does a Deal Packager do?
‘There are a whole lot of deal packagers out there in the community’
Do you know what a deal packager does?
This week Gordon discusses deal packaging and how it can be an entry strategy if you want to get into property and key if you are growing your property portfolio.
If you’ve ever wondered what a deal packager does then listen to this podcast and hear Gordon explain the different ways in which deal packagers work.
KEY TAKEAWAYS
- A deal packager is someone who looks for property deals, they can specialise in an area such as HMOs or commercial conversions. There are also generalist packagers who cover all types of property
- Deal packagers review a property put together all the details about the property and what the best strategy for that property is and sell that deal on to a buyer.
- Individuals often use deal packaging as a way of getting started in property because you can make money without buying any property yourself,
- it may be worth considering it as an option if you want to get into property
- if it is not your primary strategy it is a worthwhile secondary strategy as you research on a potential property purchase can be used to deal package for someone else if the property does not meet your own primary strategy criteria
- Looking for local deal packagers and forming a relationship with them will help them to know what you are looking for and this will enable them to build deal packages that are right for you
- When you are you are using a deal sourcer you are outsourcing and leveraging someone else’s time, they’re doing the research, viewing the properties and doing the analysis.
- You can never outsource the risk, so it is vital to check all the figures supplied by a property sourcer.
- Building a relationship with a deal packager will enable an understanding of the particular deal packagers risk appetite and you will be able to adjust the numbers accordingly.
BEST MOMENTS
‘Whatever is the best strategy they package it up for that property’
‘They could sell that deal onto me, charging a fee so they make a little bit of money’
‘The better the relationship with the deal packager the better the deals they will bring you’
‘Make sure the deal stacks up, the deal packager may have been optimistic or cautious with their numbers depending on their risk appetite’
VALUABLE RESOURCES
The Property Entrepreneur Podcast
ABOUT THE HOST
Welcome to the Property Entrepreneur Podcast. We don’t know about you, but we’re fed up of being broke and relying on exchanging time for money working for others. Join Gordon Done on his journey to becoming a full-time property investor. You’ll get a no holds barred introduction to property entrepreneurship.
It doesn’t matter if you’re completely new to property or you’ve been working in property for years; we’ll give you the tools you need to create a mindset for success. We’ll help you avoid any mistakes we make along the way while giving you the blueprint to any successes we achieve.
Join us on our journey to becoming professional property investors and learn how you too can become financially free through property entrepreneurship.
“Financially free…Brick by Brick”
CONTACT METHOD
https://www.facebook.com/The-Property-Entrepreneur-Podcast-519677241877352/
https://www.instagram.com/thepropertyentrepreneurpodcast/
https://www.thepropertyentrepreneurpodcast.com/
View all episodes
By Gordon Done‘There are a whole lot of deal packagers out there in the community’
Do you know what a deal packager does?
This week Gordon discusses deal packaging and how it can be an entry strategy if you want to get into property and key if you are growing your property portfolio.
If you’ve ever wondered what a deal packager does then listen to this podcast and hear Gordon explain the different ways in which deal packagers work.
KEY TAKEAWAYS
- A deal packager is someone who looks for property deals, they can specialise in an area such as HMOs or commercial conversions. There are also generalist packagers who cover all types of property
- Deal packagers review a property put together all the details about the property and what the best strategy for that property is and sell that deal on to a buyer.
- Individuals often use deal packaging as a way of getting started in property because you can make money without buying any property yourself,
- it may be worth considering it as an option if you want to get into property
- if it is not your primary strategy it is a worthwhile secondary strategy as you research on a potential property purchase can be used to deal package for someone else if the property does not meet your own primary strategy criteria
- Looking for local deal packagers and forming a relationship with them will help them to know what you are looking for and this will enable them to build deal packages that are right for you
- When you are you are using a deal sourcer you are outsourcing and leveraging someone else’s time, they’re doing the research, viewing the properties and doing the analysis.
- You can never outsource the risk, so it is vital to check all the figures supplied by a property sourcer.
- Building a relationship with a deal packager will enable an understanding of the particular deal packagers risk appetite and you will be able to adjust the numbers accordingly.
BEST MOMENTS
‘Whatever is the best strategy they package it up for that property’
‘They could sell that deal onto me, charging a fee so they make a little bit of money’
‘The better the relationship with the deal packager the better the deals they will bring you’
‘Make sure the deal stacks up, the deal packager may have been optimistic or cautious with their numbers depending on their risk appetite’
VALUABLE RESOURCES
The Property Entrepreneur Podcast
ABOUT THE HOST
Welcome to the Property Entrepreneur Podcast. We don’t know about you, but we’re fed up of being broke and relying on exchanging time for money working for others. Join Gordon Done on his journey to becoming a full-time property investor. You’ll get a no holds barred introduction to property entrepreneurship.
It doesn’t matter if you’re completely new to property or you’ve been working in property for years; we’ll give you the tools you need to create a mindset for success. We’ll help you avoid any mistakes we make along the way while giving you the blueprint to any successes we achieve.
Join us on our journey to becoming professional property investors and learn how you too can become financially free through property entrepreneurship.
“Financially free…Brick by Brick”
CONTACT METHOD
https://www.facebook.com/The-Property-Entrepreneur-Podcast-519677241877352/
https://www.instagram.com/thepropertyentrepreneurpodcast/
https://www.thepropertyentrepreneurpodcast.com/