Finding a JV partner, BRR HMOs whilst working full time, the Navy and RAF come together with Sacha and Tim

About Tim and Sacha:Hailing from the south coast and residing in Portsmouth, the home of the Royal Navy, Sacha is a serving naval officer working in Whitehall for the ministry of defence.She first got into property in 2005 buying her first house in Coventry (having obsessively watched Property Ladder) and flipping it achieving 25% net profit. While not quite out of her current profession, teaming up with her business partner Tim Brian at the start of the year is a step closer towards her goal of being full time in property and financially free.Tim is a retired RAF Medical Support Officer and has been full time in property since Jan 2017. From then until Sep 2020 he bought 7properties in Bangor and sold 2 which left him with 28 HMO student rooms and a restaurant spread across 5 properties/HMOs. Since Feb 2021 Tim has partnered with Sacha to consecutively 2 BRRR 2 x 8 bed HMOs in Bangor, the first one is complete and rented and the 2nd one is due to be finished in Mar 22.About your host, Tej:Tej graduated from King's’ College London with a BSc Biochemistry in 2014, he then pursued a career in Medical Education and Marketing. Soon after his second job… he was fired! A moment of relief and freedom was what he felt, not sure what his mother felt when he told her he was jobless at 23…He then went in search of a more ethical path, a business he could set up where the reward was equal to the work put in. “If they are making pounds, why am I making pennies?” - was his thought process, not happy with slow progression and bureaucracy (& having to wear smart shoes everyday). This lead him to opening a Recruitment business (not sure where the ethics went) which doubled in profit every year, for 4 years. He hated it. Golden handcuffs they call it.Fortunately, he used the cash he’d built up from that business, to educate himself in Property Investing. Soon, he’d stopped the business and transitioned into Property Investment full time. He then had a slow start -Purchasing 15 properties in his first 9 months, using over £650,000 of Investor Finance, he built a £1,200,000 property portfolio and created £30,000 of profit from flips. This gave him ‘financial freedom’, but it was the most stressful period of his life. Growing quickly is very painful.Let’s not forget that his Podcast grew to be the most-reviewed UK Property Podcast, peaking at 4,000 unique downloads per episode.His Podcast (Tej Talks) now sits at 660,000 downloads in over 100 countries and has 489 reviews, rated 5/5.Links:[email protected]: OCliving_PropertyLinkedIn: https://www.linkedin.com/company/oclivingTej InvestsTej TalkseLearning Hosted on Acast. See acast.com/privacy for more information.