Should you invest in the area where you live? Or find your goldmine area elsewhere?

There are so many questions that need to be answered first before you invest time and money. Certain strategies only work for certain people. It’s all about understanding and knowing the best investment strategy for you!

In this episode, Simon talks about the most common strategies that you can choose from depending on your circumstances. He goes into detail about each one to make it easier to weed out the one's that what won’t work for you.

Simon also has a gift for the listeners of The Property Magic Podcast! You can take The Strategy Profile Test, which you can take online for FREE. (Check the link below.)

KEY TAKEAWAYS

• When Simon first started out, he chose properties close to him so he could easily manage them.
• Investing outside your area is possible IF you have (or create) your own power team. You need great letting agents, builders, handymen, etc who can help you in managing the properties.
• So, where do you find your team? In big networking events that could help you get leads, gain more knowledge and expand your circle.
• Single-lets is a great option for starters since it offers the least amount of time and effort required.
• 1 - Choose HMOs, or Houses of Multiple Occupations, if you want to rent out your properties to different individuals. It’s the most profitable investment strategy available right now.
  • 4 Main Types of Tenants: Students, Young Professionals, Working People, and Local Housing Benefits.
• 2 - You don’t even need to buy the properties. You can opt to use them on a rent-to-rent basis, which requires low investment.
• 3- Serviced Accommodation (SA), or aka short-term lets and furnished holiday lets (FHL), is the most common right now.

BEST MOMENTS

• “Initially, I started where I lived and worked… That’s the best thing you can do.”
• “The best properties to buy are houses instead of apartments.”

VALUABLE RESOURCES

The Strategy Profile Test - https://strategyprofiletest.com/. You will receive a six-page report that will detail which strategies are most appropriate for you given your personal resources of time and money.

Property Magic: How to Buy Property Using Other People’s Time, Money and Experience by Simon Zutshi | Amazon

property investors network (pin) - pinmeeting.co.uk

ABOUT THE HOST

Simon Zutshi, experienced investor, a successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and became financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investors network (pin) in 2003. pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners on how to successfully invest in a tax efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer-to-peer lending platform to facilitate loans between private individuals and property professionals.

CONTACT METHOD

Facebook: http://www.facebook.com/OfficialSimonZutshi

Lindkedin: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/