Starting a property business can be both exciting and daunting. There are so many ways to get started, the overwhelm can often lead to procrastination and inaction. In this complete guide I want to help reduce the “noise” and help you make the right decision for you!
Without proper due diligence you risk taking on property deals that don’t generate you any profit, or even worse, cost you money! Often, the reason for property ‘failure’ is either non-existent, poor, or at best ‘hopeful’ due diligence, something we’re here to help you avoid.
In my years working in the property world, I’ve seen people who are starting or scaling their rent to rent business make the same mistakes. But hopefully by highlighting these mistakes to you, you’re going to be able to avoid them. You’re going to be able to implement the rent to rent strategy with open eyes.
There’s been a lot of confusion around property sourcing and deal packaging. What’s the difference between the two? How do you become a property sourcer and/or deal packager? What would ensure your success?
As property investors, we need to think of ourselves as service providers. Not only will this change of mindset make it easier when we approach landlords, agents etc but we actually really are a service provider because we offer solutions to problems that the traditional method of sale will not fix.
You’re probably reading this because you’ve heard of this amazing strategy where you can make money off property you don’t own but aren’t quite sure how it works OR you’ve never heard of this strategy before but now, I’ve got your attention!
As a former estate agent, I’ve got some real insights into what they think of you as a property investor, and it’s not what you think.
So I thought I’d share my top three tips for working with estate agents when looking for investment property to give you the best possible start.
In the property sourcing industry, a debate that continually arises is how to apply the right sourcing fee in different situations. It doesn’t help that there are sourcers out there that will apply a fixed rate fee, regardless of the level of work involved or the type of deal.
If you’re still looking for below market value properties for your deals and only below market value deals, you’re doing it all wrong.
Forget about looking for those unicorn 15-20% below market value deals that may exist. They may be 1 in a 100, 1 in 1000, or 1 in 10,000; you might be looking for a needle in a haystack. And, you’ll waste a lot of time, energy and confidence trying to find those deals if that’s all you’re looking for.
PODCAST FREE RESOURCESClick here to download the 90 Days To Your First Deal KitClick here
PODCAST FREE RESOURCESClick here to download the Pre-populated Sourcer’s DiaryClick here to download the Property
PODCAST FREE RESOURCESClick here to download the Qualifying Investors ChecklistClick here to download the CRM
PODCAST FREE RESOURCESClick here to download the Securing The Deal Flow ChartsClick here to download
PODCAST You’ve worked hard to get the deal and now it’s time to sell it
PODCAST FREE RESOURCESClick here to download the Due Diligence ChecklistClick here to download the 6
PODCAST FREE RESOURCESClick here to download the 5 Steps to Closing More Deals CheatsheetClick here
PODCAST Podcast Episode Highlights 13:40 – Facebook Q&A – What to ask estate agents when