Property Sourcing Tips : 20 Years in the UK Property Investment Industry
Property Sourcing Tips – Property Sourcing Training – https://www.daniellatto.co.uk/propertysourcing
If you’re sourcing property deals, or packaging deals up for investors, there’s a couple of things I think you need to include.
These Property Sourcing Tips will help (watch the video)
And if you’re buying these deals, there are also things you need to be aware of when buying from property sourcers.
Property Sourcing Tips – this video is designed to help you undertsand what you need to do to up your game.
These property sourcing tips are what have hlped me source below market value successfully for the last 20 years
20 Years in the UK Property Investment Industry
So I come across a LOT of people who want to be property sourcers, and the first thing I always say to them is to get hold of the Property Sourcing Training Programme I have for created.
It’s not about the money – it’s just £27 – but after 20 years in the UK Property Industry, I like to think we know a thing about buying and selling property.
There are always a lot of new Property Sourcers and Deal Packagers coming into the industry, and I think that’s a great thing.
However, they haven’t got the 20 years experience, nor did they survive the crach in 2007/8.
The may have done of course, we just don’t know it as they hadn’t gone through it.
I knew a lot of very clever people who were involved in property who lost their entire property portfolio and ewnt bankrupt through no fault fo their own.
So in this video on Property Sourcing Tips, I go through 5 difference things that will help you on your journey as a property sourcer or as a property deal packager.
Some are obvious, and others aren’t so much.
You can catch my Property Sourcing Training Here
Property Sourcing Tips
- Build a brand
- Practice / role play
- Understand the processes involved
- Do your due diligence
- Ask until the answer it yes
But there’s a wealth of information in the video that you can take advantage of. So don’t just take the list above and think that’s it – actually watch the video.
This is about investing in your own knowledge and education, and thats one of the best investments a person could make
If you’re thinking about investing in property, then for me, there’s nothing quite like normal bog standard buy to let properties to make life easy.
Yes you can do HMO’s (houses of multiple occupation), but right now, I have a feeling that the councils are going to try and hit them with massive council tax bill rises – so it’s making me a little nervous.
What if you haven’t got any money to get started with?
In that case, Property Sourcing is still a very good bet.
The thing I like about property sourcing is that you can start with very little money, and start sourcing deals for other people.
Then when you have started to earn some cash in the property sourcing fees, you can then start to save some of that money for your deposit on your first buy to let house.
So then, because you’re now experienced in sourcing property deals, you can pick and choose the ones you want for just you to keep hold of.
And if you come across one you don’t want, you just package it up and sell it.
What about Property Sourcing Compliance?
So yes, it is true that you MUST be compliant as a property sourcer.
And sadly, I see too many people who simply can’t be bothered, don’t want to, or can’t afford it.
But being compliant as a property sourcer shouldn’t be something that one should ignore. it’s as important as sourcing the actual property deals themselves.
If you;re not compliant, you’re opening yourself up for a lot of pain in the future, as if HMRC find out, you’ll potentially be investigated.
When acting as a sourcer, you’re literally doing exactly the same work as an Estate Agent – so you must have the compliance in place such as an Estate Agent would.
Failure to do this, means you’re breaking the law – and nobody wants to do business with someone who flouts the law in such a way. So get yourself compliant, it’s much better for yourself in the long run.
How I started out Sourcing Property Deals
So How did I start then ?
So about 95% of everything I’ve ever sourced, I’ve kept for myself.
But before all the regulation came in, those that didn’t meet my criteria would then get sold on to another investor.
So what do I mean by ‘didn’t meet my criteria’?
So, I’m Leeds based, which means that anything in West Yorkshire would have been fine.
But I did also purchase out of West Yorkshire, and honestly, it was a pain to manage.
At one point I even had a property in Swindon, which was a 8 hour round trip to manage !
So at that point I decided to only buy stuff within a 45 minute drive from where I lived. This meant losing out on some great deals, but knowing that the management was just going to be so hard to do, I decided it was the right thing to do.
So I sold those deals on for between £1.500 and £4,750 – so it wasn’t all too bad!
If you want to learn how to do property sourcing, then my training programme for it is here : property sourcing training
It’s literally, just £27 !
So it’s not going to burn a hole in the pocket, but it will get you up to date on everything that you need to be a property sourcer.
Here’s whats included in the training :
Access over 90 Property Sourcing videos over 15 Modules:
Module 1 – What Property Sourcing really Is
Module 2 – The Types Of Property Deals You Can Do
Module 3 – Finding Deals & Property Sellers – Be Everywhere At All Times!
Module 4 – Finding Buyers
Module 5 – Negotiating & Working The Numbers
Module 6 – Presenting The Offer To The Investor As A Packaged Deal
Module 7 – Getting Deals Across The Line
Module 8 – Developing A Powerful Mindset
Module 9 – Marketing & Content Creation Strategies
Module 10 – How To Outsource
Module 11 – Systems
Module 12 – What To Do If You Haven’t Got Results Yet
Module 13 – Resources
Module 14 – Handling Your Finances
Module 15 – Goal Setting & Time Management
Plus, you’ll get free access to my Facebook Mastermind Group when you sign up.
As you can see, it inlcudes pretty much everything a person would need in order to start being a property sourcer, and learning the ropes.
The time is now, so get started !