If I Were Starting Today What Would I Do?

Property Sourcing Profits Podcast

In this episode, David explains exactly how to start your deal packaging business in a way that means it is sustainable and will grow.

He shares great advice about how to achieve the right mindset and an approach that means you can’t fail.

Deal packaging has huge value and when you as a deal packager have perfected your skills you can have whatever you want.

There are many people who start and grow successful property businesses with lots of other things going on in their lives and you can too.

If you are at the start of your property journey or even wondering if deal packaging is for you then this is the episode for you.

KEY TAKEAWAYS

• You as the deal packager can only package based on the figures at the time property prices may then go down.
• Prices go up and go down as part of the cycle of property.
• The prices go up in a boom then go down in the crash that follows, then up in the next boom.
• Holding Property is a long term strategy
• If you are new you need to have the right mindset begin by pretending you are sourcing properties for yourself, what would you want for you and your portfolio?
• You need to market what you are doing and let people know.
• Estate agents are the quickest free way of sourcing deals and direct mail works with guaranteed results.
• A deal is something that cash flows for the investor and appreciates in capital over time
• Get in the mindset of thinking as if you are buying property for yourself and do one thing every day to move your property business forward.

BEST MOMENTS

‘Go out and look for your dream deal’

‘Prices go up and go down as part of the cycle of property’

‘Everyone makes mistakes it’s how you learn and grow’

VALUABLE RESOURCES

Property Sourcing Profits Podcast

https://www.progressiveproperty.co.uk/

https://unlimited-success.co.uk/

https://www.facebook.com/groups/progressivepropertycommunity/

Property Investors 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 he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

CONTACT METHOD

https://www.linkedin.com/in/david-siegler-7b126316/

https://www.facebook.com/DavidSieglerInvestments/