Panel Show: Valuations

Mark Winship is joined by Emily Smith to discuss the important topic of valuations, the attaining of which can be the crucial factor in the success of your buy-refurbish-refinance strategy. In this Mark and Emily share some practical tips on how to gauge the finished value of a property while calculating a deal's potential, how to make the bank valuation process more favourable, and how to handle the dreaded down valuation... KEY TAKEAWAYS The first step is to think with the end in mind. We need to envision the potential in any project before we take it on. As investors we minimise risk by investing only in projects that we have evidence for. These are known as comparables, and can provide some sense of guidance on how a deal may work out. Other forms of assurance can come through agents. This means that developing relationships with agents can be crucial in fundamentally understanding the potential in a deal.  BEST MOMENTS 'We need to start with the end in mind' 'If you can have 2+ comparables, you'll be in the best position' 'I always ask for more than I want'  VALUABLE RESOURCES This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591        Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem  ABOUT THE SHOW This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property. Mark Winship is an experienced property investor and mentor with a portfolio of HMO and Serviced Accommodation properties across the UK. Mark’s background in coaching high performance athletes has lead to a passion for mentoring people to achieve their life goals using property investment as a vehicle. Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing.  James D’Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO’s and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey. CONTACT METHOD You can join Mark, Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community: https://www.facebook.com/groups/propertywealthcommunity Mark Email: [email protected] Mark Linkedin: https://www.linkedin.com/in/mark-winship-68b34833 Caroline Email: [email protected] Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/ James Email: [email protected] James Linkedin: https://www.linkedin.com/in/james-d-souza-552342104/This show was brought to you by Progressive Media