Am I Worth it? As a Deal Packager, What Should I Get Paid?

‘What Should I get paid?’ In this episode, David answers the question all new deal packagers are asking It can be easy to not put a high enough value on your time and effort but as David looks in detail at the extensive work that is required to source property and give the investor a deal that will work for them he brings clarity to the work that a good deal packager completes for every deal they do. If you are starting out in deal packaging then this episode is a must as it frames the many elements of work a deal packager undertakes as any deal comes together. An investor has chosen a deal packager because you are the expert and can get them what they want so it’s important to value what you are bringing to any deal and monetise it.   KEY TAKEAWAYS You invested in education for yourself to be a deal packager You have made a cash and emotional investment You have set up your business and there is a cost to doing this You have invested in being compliant. You have to monetise what you have spent to get started Sourcing  properties Your local estate agents will enjoy working with you and you will need to spend time viewing properties, researching the area and finding out about local services The deal packager does a huge amount of work preparing any potential deals for the investor. Finding  investors The other work deal packagers undertake is sourcing investors and building relationships with them, this all takes time -your time as a deal packager. When you have attracted investors and have a potential property you have to complete the deal this involves the deal packager chasing those involved to get the deal completed. This involves working with estate agents, letting agents, builders and solicitors. When you do the work the first time it can be daunting but as you move forward you can systemise and build your trusted power team. As the deal packager, you do all the work and the investor gets fantastic cash flowing property that will work for them and grow in value forever. Deal packaging is a fantastic way to get cash into your property business but you must value your education, learning and the work you do. Look at the value you bring to both the vendor and investor   BEST MOMENTS ‘The deal packager has a lot of work to do’ ‘If the investor wants to be hands-free then you will be setting up a reputable letting agent’ ‘What is your worth to an investor who wants to build a cash flowing investment?’   VALUABLE RESOURCES  Property Sourcing Profits Podcast https://www.progressiveproperty.co.uk/ https://unlimited-success.co.uk/ https://www.facebook.com/groups/progressivepropertycommunity/   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/