Panel Show - with Paul Murray

SUBSCRIBE AND FOLLOW FOR MORE VIDEO CONTENT - https://www.youtube.com/c/propertywealthsystem It's all hands on deck this week, as the This Property Life team are joined for a special panel show, by experienced builder, Paul Murray, about refurbishment projects and how to find and work with good builders. It's an insightful conversation that also includes advice on how to avoid being scammed, costing refurbs, and the checks and balances that we as professional investors should have in place. KEY TAKEAWAYS Reputation is everything when it comes to selecting a builder. Speak to people you know who may have employed builders. When they're found, look at reviews and testimonials. Building a good relationship with a builder can be the key to future projects. By building trust, we can expedite times by not having to search for tradesmen all over again. Paying cash for a job is perfectly acceptable, but always ensure you have paperwork from your builder. As professional investors, a paper-trail is a must. Stick rigidly to payment terms, Builders are under huge amounts of pressure when it comes to raw materials and payroll. Any agreement, from the off, must be honoured. Remember that builders have their own networks, too. BEST MOMENTS 'Not all builders are created equal - I think that's the important thing to remember' 'Go and see the work. Any good builder will be open to that' 'You can have speed, price and quality, but you can't have all three at the same time' 'It's all about having that good relationship - open, honest and trusting' VALUABLE RESOURCES Paul Murray Instagram - www.instagram.com/paul_murray_developer 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/See omnystudio.com/listener for privacy information.