Start with FLIPs not BTLs if you want to quit your job quicker

Tej Talks: Being Better - A podcast by Tej Singh

Categories:

Property has so many factors to consider, if you have a small pot of money saved up to invest in property, then why not start with flips and double it, make it grow... and THEN buy a portfolio/BTLs? May get you out of your job quicker! So if you don't know where or how to start, let's talk about Flipping and why you as a Property Investor could be doing it, now. Okay, so I have a BTL portfolio and I do like holding them...Moving forwards, I'm not fussed. It's easy to have this vision that holding and building a portfolio forever is the best, capital appreciation, rent etc. It's all great in Property, and we can become very tunnel-visioned with it. Especially in the community when there is such a strong HOLD party.Selling for profit, whether it's a trade or a full refurb-sale, is my preferred strategy. Especially near home (hert/bedfordshire/london) where the yield is terrible, and it wouldn't make sense to keep it for me.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:Tej InvestsTej TalkseLearning Hosted on Acast. See acast.com/privacy for more information.