If you follow these tips you can start making money straight away, other people are doing it so can you’
David shares 5 top tips for deal packers starting out that they can use right now.
So…… if you get busy and get started, don’t change the area you are working in, change the strategy to make it work, remember it’s a people business, network like crazy and always follow up then you can start making money now. Using these great tips there are deal packaging entrepreneurs out there in deal packaging world making money today and so can you, listen in and get started now.
Be busy – you ve got to do something you’ve got to make a start and at the beginning, it’s better to be a busy fool
Get out there and tell everyone you meet what you are doing, tell everyone you know what you are looking for.
Go in and bother the estate agent as much as you can face to face is best and you need to keep doing it so they will then come to you.
Do not change your area, change your strategies
Sourcing properties for investors works anywhere, property professionals are buying property all over the country today.
They might be buying for cash flow or capital growth as this is what makes you wealthy over time.
You want capital growth in your business and your investors need capital growth.
Its a people business
Your core skills have to be building relationships with people. you should build relationships that mean people come to you. You need to present yourself as honest, competent and trustworthy, a good relationship is one where you are the first person they think of.
Get online and talk about what you are doing and if you haven’t done any deals yet talk about the potential deals you are going to do
Get to all the network meetings you can. Go to business events and network meetings – at these events, you will find successful people who have made their money through business then you can provide a ‘bricks and mortar’ solution to increase their wealth.
Take any invitation to be seen and heard and network, network, network
The follow up
The money is in the follow-up. You’ve got to build relationships and position yourself as the go-to person who can fulfil the investor’s dreams, desires and wishes.
Regular contact is key vendors and estate agents on one side investors in the other
Whoever it is you must follow up if you want to build positive relationships and be successful.
‘Network your backside off’
‘If you badger the life out of people they will put you first’
‘The most important thing is to talk to people - if you get it wrong put it right straight away,
It won’t be the first time an estate agent has had the conversation or a deal fall through’
Property Sourcing Profits Podcast
ABOUT THE HOST
David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.
In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.
The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies