In this episode, Simon explains Tenant-Buyer Strategy. This works well for both experienced and new buyers. A great follow-on from the previous episode (66) where Simon talked about whether you should rent or buy your own home.
Listen in today for Simons knowledge and advice on this strategy, from both sides of the table!
Being a ‘sandwich’ buyer can be a risky strategy and something Simon would not recommend. It’s much easier to do the Tenant-buyer Strategy that Simon talks about today, there is a lot less risk involved.
A tenant buyer is someone who moves into a property to rent but is given the option to buy the property at a fixed price at a point in time.
Becoming a tenant buyer is a great way to get your foot on the ladder. It can also be a way to ‘try before you buy’!
Selling to a tenant buyer is great for experienced buyers who have properties they have decided aren’t the best investment for them anymore.
Done it the right way you can make both sides happy. Keep it simple so it works for both the tenant-buyer and the owner, creating a win-win.
“I’ve done this on both sides”
“Given enough time these problems will be solved”
“It’s important to not be greedy and make it fair for everyone”
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 at 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).
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 2003www.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.