Life as a property investor would be far easier if there was one strategy that fitted for everyone, but different deals require different approaches. With this in mind, Simon presents a guide to determining which strategy could work best for the deal you're trying to close.
Your chosen strategy will depend on two factors: what is happening in the property market at the time, and what you personally want to achieve.
Due to the financial effects of the lockdown, many businesses no longer require their premises. This has led to a dramatic introduction of commercial properties onto the market.
Due to the falling market, banks tend to lend less money because of the loss in value of property. This means that some sellers are more open to creative solutions.
We should seek to bolster our financial life by looking to install multiple streams of income through different types of investments. This can shield us from damage if challenges arise.
'The property market changes. Sometimes it's booming, sometimes it's coming down'
'After every boom there is always a bust'
'The property value that you pick will be based very much on what you're trying to achieve'
'The most important thing for all investors is to create multiple streams of income'
If you would like to learn more about how you can use Purchase Lease Options you can join Simon for some Live online training by registering here: www.PLOTraining.com
To access more free Creative Finance Strategies visit www.creativefinancetraining.co.uk
Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi
To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).
Register at Mindset For Property at - www.mindsetforproperty.co.uk
ABOUT THE HOST
Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.
Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk. pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.
Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.
Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.
Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.