#20 What we do is NOT difficult - don't give up in 6 weeks

Welcome back to the Property Sourcing Profits Podcast. In this episode, David shares with you the lessons learnt from a coaching call with one of his deal packaging mentees. Discover the simple things we need to be doing to achieve success in property and how you too can start your own property sourcing business, just by building good relationships with the people around you.   Deal packaging is a people business. You need to form relationships with estate agents, solicitors, mentors and other property people. By building your power team and leveraging their skills and experience you will be a success.   KEY TAKEAWAYS What we do is not difficult - Being a property investor and deal sourcer is not difficult. All we need to do is view properties and not over complicate it. We also need to build relationships, with our investors and our local estate agents, it’s not hard. Simply position yourself as a serious, professional and trustworthy investor. Build relationships in all areas of your deal packaging business. You can do this at networking events and property meet-ups. The need for this is to leverage their expertise, leverage their experience and ultimately build your power team. These are the people that you will need around you to be successful. BEST MOMENTS It doesn’t matter what your strategy is, there are overriding issues in our property businesses that we need to deal with. Estate agents are there to sell property. They want to work with professionals and people they can trust. You just need to put yourself in that space. Even if you don’t have an investor for a certain deal, the estate agent will hold it back for you if you have a great relationship with them. When building relationships you need to follow up with people and seek their help. The money is in the follow-up. Get yourself a mentor and leverage their experience so that you can learn from their mistakes. Find the people that can help you on your journey and build relationships with them so that they can help you on another level. 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