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In this podcast, Kevin speaks to Kevin Whelan of Wealth Builders. A property investment expert who teaches people to leverage what they already have, especially their pensions, to generate investment funds. During the podcast, Kevin Whelan explains how to use SSSAS pensions to invest in furnished holiday lets and serviced accommodation property.
He also explains how to become financially irresistible to 3rd party and private investors. How to adapt your message, build trust and sustain a relationship that leads to the same investors working with you again and again.
KEY TAKEAWAYS
The money used to finance property comes from people, one way or another.
Being able to work well with and empathize with people will make it far easier for you to raise finance.
Work out how much money you need to keep your journey going.
When you build strong relationships with investors, they will invest with you again and again.
It takes time to build relationships.
People have money available in their pensions, money they can potentially invest with you.
An SSAS is a self-administered scheme. It is a business in a pension.
Instead of the pension being a reflection of the past it provides you with money to build for the future.
Using an SSAS, you can buy, bridge, and borrow from your pension fund. Kevin provides examples of how people have used each of these models to successfully invest in property.
You can use your own pension to lend money to a company that you own.
Pensions are not a box that says do not disturb until aged 65. The money in it can be used now.
People know that their pension pot is already at risk and vulnerable, so they are often open to using it in other ways.
When speaking to investors you need to make it clear how you are going to keep them safe.
When you speak to investors, recognize that each one of them thinks differently. So, you need to adapt your message to them.
Building trust is essential, so Kevin covers this subject in the podcast.
BEST MOMENTS
‘It´s people who finance property. If you are borrowing from a bank, where do they get the money from? People.’
‘The skill of being more investable is the skill of working and empathizing with people. ‘
‘If you´re not familiar with wealth dynamics, Google wealth dynamics and do a wealth assessment on yourself.‘
GUEST/EPISODE RESOURCES
SSAS Superstars by Louise Righton
Email: [email protected] – Mention that you heard about Wealth Builders through Kevin Poneskis
Tel: 01342 871 210 to contact Kevin Whelan direct
WealthBuilders Socials:
Kevin Whelan LinkedIn Profile: https://www.linkedin.com/in/kevinjwhelan/
WealthBuilders Website: www.wealthbuilders.co.uk
Instagram: https://www.instagram.com/wealthbuilderstogether/
Twitter: https://twitter.com/wealthbuilders
Facebook: https://www.facebook.com/WealthbuildersUK
Pinterest: https://www.pinterest.co.uk/wealthbuilderstogether/
VALUABLE RESOURCES
The Serviced Accommodation Property Podcast
https://propertysoldier.co.uk/
Rich Dad, Poor Dad by Robert T Kiyosaki
Serviced Accommodation Success by Kevin Poneskis
ABOUT THE HOST
Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.
Kevin was in the British Army serving 24 years, mostly in a Commando unit, and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years.
CONTACT METHOD
https://en-gb.facebook.com/propertysoldier/
[email protected]
