#31 Advice For New Investors

In this episode, David shares some invaluable information and advice for property investors at the start of their journey. Listen in to hear where and how you should be packaging deals and investing right now. KEY TAKEAWAYS Capital growth Capital growth makes you wealthy, and if you want capital growth you need to be investing in London and the South-East, there are some areas outside of this elsewhere in the country, but the property is at southern prices. There is a sweet spot in the Midlands where you can still find a property that gives you capital growth over time with reasonable returns currently. If you want to package deals in London what should you be doing? In and around London student apartments in older buildings can be reconfigured from studio to 1 bed and single bed to 2 bedrooms. Look for flats that have rights for the loft space as these can be reconfigured to use that space. Title splits Sometimes you can find a building that is on one title even though it is made up of flats. This provides an opportunity to take the freehold building with flats within it and set individual leaseholds for each flat. There is a market value for each freehold lease. There is a cost, for splitting the units but a huge value in selling the freeholds. Retail units Retail units with accommodation above are the next commercial to retail. It is possible to achieve good forced capital growth through refurbishment of these buildings.   BEST MOMENTS ‘This can be done’ ‘It is possible to gain a huge uplift’ ‘They’ll sort it for you’ ‘Huge amount of wealth in just one deal’ 'If you buy a house in London today, absolutely in 2030 it will be worth more money’ ‘Yes, there will be bumps along the way, but it will right itself’ ‘If there is a way to fund the deal they will fund the deal’ VALUABLE RESOURCES https://www.facebook.com/groups/progressivepropertycommunity/ https://itunes.apple.com/gb/podcast/property-sourcing-profits-podcast/id1384873667?mt=2 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 https://www.linkedin.com/in/david-siegler-7b126316/ https://www.facebook.com/DavidSieglerInvestments/