069 | “No small business has enough cash to really thrive - we all need more!” - Interview with Andrew Southwood x Culbone Finance

RESOURCE LINK Join us The HMO Experience Property Clubroom on Clubhouse every Monday at 1pm (https://www.joinclubhouse.com/) Download the 11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page) Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe) Buy Jamie’s new book, “The HMO Blueprint” on Amazon TODAY! (https://www.amazon.co.uk/dp/1838538089?ref=myi_title_dp) IN THIS EPISODE Your host Jamie Madill has a chat with Andrew Southwood from Culbone Finance. Andrew has helped many small businesses stretch their cash further by getting them the right type finance in the unsecured finance market. Andrew is a market maker looking to provide ad hoc financial solutions for small businesses. After spotting gaps in the finance market where traditional financing is not available, Andrew will create a market and help small businesses finance their chosen objectives - whether that’s lease finance for HMO furniture or financing to help with your next rent to rent deal! Andrew is also an experienced property investor and always buys rubbish houses on good streets, remodells them and sells them on at a significant profit in West London. This episode is packed full of useful finance nuggets so if you are looking for guidance on what you can obtain finance for, as well as tax efficient finance, this is definitely the episode of The HMO Experience Property Podcast that you need to be listening to. EPISODE HIGHLIGHTS Introduction [00:00 - 00:00] Working Niches And Finding Angles [00:00 - 00:00] Rubbish Houses on Good Streets [00:00 - 00:00] A Passion For Financial Engineering [00:00 - 00:00] To Lease Or Not To Lease? [00:00 - 00:00] Going One Step Beyond With Rent2Rent Finance [00:00 - 00:00] A Quiver Full Of Financing Opportunity [00:00 - 00:00] 2021 Property Outlook [00:00 - 00:00] The Final Word [00:00 - 00:00] KEY TAKEAWAYS If you buy furniture it’s an asset so no tax benefit. If you lease the furniture they are rental payments that can be off set against corporation tax It’s not just furniture you can lease now, it’s all upfront costs that can be covered. Leasing interest rates might be considered expensive but it provides flexibility when compared to other forms of unsecured finance People get stuck with their belief systems relating to money. Understanding yours will help you on your investing journey If you’re a homeowner, you can leverage equity in your home to help your property journey ABOUT OUR GUEST Small businesses rarely have enough money to succeed and finding finance can be overwhelming and confusing. Andrew Southwood of Culbone Finance helps small property businesses stretch their cash further, by providing the right finance, so they can grow their businesses and thrive. Andrew is passionate about making small business finance, simple. Contact Andrew at: Email - [email protected] Phone - 07774 267121 Web - www.culbonefinance.co.uk