David LIVE!: How To Set Up Your Deal Packaging Business

In this very special live episode, David talks an audience through some practical methods of setting up their deal packaging empire. Take your seat for this exclusive insight into David’s methods, his book of contacts, and his advice for structuring your successful deal packaging business; from everything to registering your company name to choosing your own power team.     KEY TAKEAWAYS Deal packaging is about people - We need to start recognising that we’re not in a property business. We are learning how to deal with people. It’s all about how we deal with people.   You need a property-based accountant to help you with the sometimes unexpected complexities of tax.    Lawyers are worth developing relationships with as you’ll need to introduce reliable, knowledgeable ones to your investors, thereby again increasing your value.   Mortgage brokers - these are a requirement for your investor, so avail yourself of a good one. Make sure you know their difference between residential and commercial brokers and use the right one for that particular deal.   Determine your trading style - Are you a sole trader? Are you a limited company? Are you a LLP? Talk to your accountant and make the decision early on. Registering your company name costs pennies, and can be done with an app. If you’re busy, your accountant can do this for you, but it will cost more.   The value of the information you put in front of your investor will increase your value to them. By working from the knowledge of your power team, you’ll build your credibility and your professionalism.   HMOs are for residential properties for tax reasons. You can’t use them for buy-to-let mortgages. If your investor wishes to do this, you need a commercial mortgage broker.   Traders and builders - For those investment properties that need a makeover, it’s always wise to have a team you trust. The Federation Of Master Builders is a good resource, as is Check-A-Trade.       BEST MOMENTS ‘There are people who have gone before you, and who’ve gone on to have a great big property business’ ‘Putting as much information in front of your investor will build your credibility with that investor’ ‘You need property lawyers who understand the process’ ‘You need people like Rob Holmes - “The property Gandalf” - in your life’ ‘A lot of people come here, they take the training, and then they never do anything with it. And that upsets me’ ‘I believe it’s all about the community’ ‘If you’re serious, then let’s get serious. Let’s make some money’   VALUABLE RESOURCES   Property Sourcing Profits Podcast   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 LinkedIn Facebook