Jessie Marsh from £0 to £250,000 per month

In this inspirational episode, David is in conversation with Jessie Marsh who has used her experience and expertise in property sourcing to move successfully into other areas. They discuss her journey, the initial challenges and how being open to learning and choosing joint venture partners who have specific expertise can help you to achieve great things in new and exciting areas. If you have a mindset based on taking action then this episode that will inspire you.   KEY TAKEAWAYS • Having attended the deal packaging course at Progressive Property and knowing South Wales well I knew this was the best area for me to begin sourcing properties. What were the initial challenges? • Initially it was having the confidence to speak to agents, the first few visits  were daunting. I came to terms with this through recognising they are only people, like myself and if I didn’t talk to them I wasn’t going to get any response.• It took time to work out what type of property I was looking for but as I gained focus and was able to articulate clearly what I wanted my confidence increased. How did you find your first investors? • When I began I documented what I was doing online using Facebook sharing why I was investing in particular areas.• I updated on a daily basis and was then contacted by potential investors who had been following what I was doing.• Through networking, I was asked to make a presentation to potential investors in Holland. This has led to both investors and joint venture property purchases in Wales.• The relationships built with agents brought the opportunity to look at a block of apartments.• I presented a different deal to the owner which was initially rejected but being persistent and communicating enabled the owner to view the project in a different way with positive outcomes for all involved.• It vital to be honest and transparent, the purchase of a 2-bed apartment for serviced accommodation led to leasing, developing and managing a 61-bed hotel with restaurant.• When moving into a new and different investment opportunities I have been able to use the property network to support me with advice and expertise.• You don’t necessarily have to have direct experience in the field, you can bring in joint venture partners who do.• We have built a business with around 180 investors which means at any one time there are on average 11 - 15 who are actively seeking a deal.• The target is an income of £250,000 per month which we are hoping to achieve by the end of the year.• Deal packaging is special because it can lead you to so many other things.   BEST MOMENTS ‘I learnt lots of information on the course, how to find properties, how to find gold mine areas and then ran with it’ ‘I particularly enjoy mentoring and being part of the mastermind and progressive community’ ‘If you don’t ask the questions and tell people what you are doing you will never know what they might have to offer you’   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/