This week, Simon talks you through the creative ways in which you can offload properties that are costing you money, and also to give you a better insight into why property owners might agree to a purchase lease option.
KEY TAKEAWAYS
The great thing about auctioning properties is that when the hammer goes down, you get paid within 28 days.
A purchase lease option provides a win-win for buyer and seller. If you find yourself a tenant buyer, they can movie in immediately with the right to buy at market value.
Any value added to the property during the lease period is of benefit to all parties. Also, a huge deposit isn't instantly required, which can be a stumbling block to many buyers.
A Purchase Lease option fee, usually around £3,000-£5,000 ensures that you get a tenant who's committed, and who has some skin in the game.
BEST MOMENTS
'This is really going to help you to understand why a property owner might agree to a purchase lease option'
'A tenant buyer is someone who would love to buy, but who can't right now'
'They benefit from the security of tenancy'
'You've got no management, you've got no bills, you've got no costs!'
VALUABLE RESOURCES
Download your free tenant buyer check list and other bonuses here: www.PLOtraining.com
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).
iphone: http://bit.ly/pinAPP1
Android https://bit.ly/pinAPP2
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.
CONTACT METHOD
Contact and follow Simon here:
Facebook: http://www.facebook.com/OfficialSimonZutshi
LinkedIn: https://www.linkedin.com/in/simonzutshi/
YouTube: https://www.youtube.com/SimonZutshiOfficial
Twitter: https://twitter.com/simonzutshi
Instagram: https://www.instagram.com/simonzutshi/
