It took me 7 years to do this deal…

For the most part, property is painfully slow. Property is also not glamorous. Read that again 👀 Success in property investment happens through a series of smart decisions over a long time.  Can you relate to a property being held up in legals for 10 months because the lender can’t get its act together. HMRC messing around with your VAT registration. A seller who won’t play ball and provide good enough answers to enquiries. Lending that gets pulled the day before exchange… and then is far more expensive when you go out to get quotes again. A deal that works all the way up to the final tender process where you find your contractor can’t do what they said they’re going to do and your second option is too expensive. A seller is waiting for the property to go through probate before they can sell.  The list is endless of things that can hold up a deal for months and months and months. Its like a game of chess.  You chase for weeks for some movement from the other side, Then finally, movement, a question gets batted back to you and you ponder it and make your best move based on how you perceive the sellers reaction… Then you eagerly wait a response, refreshing your emails. Weeks go by and your stuck. Again.  Can you relate? Patience is a skill you need as a property investor. Well my recent deal has taken 7 years and all the momentum has happened in the last 2 weeks. I’m buying a commercial property at a 12% yield, when it should be an 8%, so I’ve completely lucked in… but my gosh there’s been a saga that preceded this. Whilst, it looks like a fabulous deal on the outside. Let me tell you, the drama to get this place hasn’t been for the fainthearted… you can listen to the whole story on my podcast. Listen to my podcast here I’d love to know the silliest thing that has held up a deal you’re purchasing?  Type in your answer on this anonymous poll Until next week, Natasha