The Property Bubble Burst

Property Sourcing Profits Podcast - A podcast by David Siegler

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David looks at the property market and the signs that things are changing with the property bubble beginning to deflate but in any recession, there are opportunities and David, who is on his fifth property cycle, knows exactly where and what they are. He knows how difficult things are going to be but he also knows where to look for the deals and grasp the opportunities so that as a deal packager you can be in a position to be part of a solution for those vendors who are distressed.   KEY TAKEAWAYS The signs that the market is changing are there are houses with down valuations. There are over a million mortgages up for renewal Including buy to let. The criteria for getting a mortgage is now very different. Some people will not be able to get finance meaning there will be distressed vendors There is an opportunity to use your network and knowledge to provide a solution for these vendors. It doesn’t matter how deep the recession goes there are always people out there who will buy and have the cash. If you want to make cash in your life in the next 12 months deal packaging is the place to do it. There will be local developers who will be distressed and you can help, working with them to sell the properties.   BEST MOMENTS ‘These people need our help and we can give our help’ ‘The signs are there with down valuations being a key marker about what’s happening’ ‘Get the assets together for your business and work with others to grasp the opportunities’   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/