#24 The Next 4 Weeks Can Change Your Life

The next four weeks could change your life. The truth about December is that everything stops and things slow down. Solicitors shut down, Estate Agents aren't doing viewings, it’s the time of the year that you can really leverage to build your business, build relationships and discover your local goldmine area. In today’s episode, David shares with you why this time of year is crucial to your success in property and packaging deals. He explains how to use the December slump to your advantage and gives you the scripts to use to build rapport with your local estate agent. If you want to work with David, contact him using the links below: KEY TAKEAWAYS There is a shortage of stock in the market, a lack of houses available to be packaged up and sold on. This is generally down to the state of the market. Vendors are uncertain and unsure what’s happening with property prices. In 2019 if the political uncertainty continues, property prices are going to dip. This is a great opportunity for you because you will be buying at down-turning property prices. This is why the next 4-weeks are crucial to your success in property, estate agents are not busy during this period, this is your chance to get in there and build a relationship with your local estate agent and share your story. Moving forward you want to be using property strategies that maximise the yield of your properties. Your investors will be happy if you’re buying in the downturn because that’s where the money can be made. By 2030 property prices are going to be a lot higher than they are today. So you secure a deal and you find one that one the the property strategies fits so not only will the investor sell the property for more in the future they will make a profit while the value increases. The Estate Agent Script: I am sourcing properties to sell to my investors. If you were buying, what streets would you buy in so that you found good quality, lettable houses that will attract the right tenants? You know the streets because you’re local and professional, could we go out and see some properties? BEST MOMENTS “Prices in London and the South has stalled.” “People are sitting back and waiting to see what happens.” “Can you add value to the investor by souring multi-let properties? Check if there is an Article 4 is a planning issue because some HMO’s have changed the proliferation of some streets in the UK.” ABOUT THE HOSTDavid 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 METHODDavid’s LinkedInDavid’s Facebook