Oct 28 2024 44 mins 1
In today's show we turn on the big spotlight again - the Property Pros Spotlight! Where we bring someone into the studio and hear the story of their property journey. Where they've came from, what they've done, chat about their deals, and learn what kind of business they have grown.
And today's guest, David Liddell, is the perfect example of what is possible in the world of property.
Known for his dynamic approach to property, David is a seasoned investor and developer with a background in engineering who has found remarkable success by harnessing his analytic skills, adapting his approach, and embracing risk. In this inspiring interview, David shares the journey that led him to property investment and the lessons he’s gathered along the way.
David’s career began in offshore engineering, a field he initially pursued for financial stability but found lacking in fulfillment. After a near move to Australia that fell through during the pandemic, David redirected his career, using capital from a former property sale to dive into property investment.
A key takeaway from the conversation is David’s transition from over-analysing deals, a habit from his engineering days, to a more balanced approach that combines thoughtful diligence with decisive action. This change, as he explains, was instrumental in allowing him to expand his portfolio and take on larger, more complex projects.
The conversation also touches on David’s strategic shift into service accommodation, which has allowed him to establish a profitable, scalable business model. David shares the challenges and rewards of this niche, particularly in the Scottish market, where demand for short-term accommodations offers attractive returns.
For David, service accommodation isn’t just about property; it’s about creating memorable experiences for guests and supporting the local community through job creation and collaboration with nearby businesses.
As Richard and David discuss David’s current ventures, including several large-scale commercial conversions, it becomes clear that his journey is far from over. With ambitious plans for growth and a clear focus on hospitality, David is poised to reshape his business and further refine his investment strategies. His plans to take these projects international, alongside his personal goal to balance family life with business, make for an inspiring vision of the future.
Listeners interested in property investment, service accommodation, or simply looking for a story of ambition and grit won’t want to miss this episode.
David’s passion and wisdom make for an enlightening and motivational listen, offering valuable insights for both seasoned investors and newcomers alike.
Tune in to hear the full interview and follow David’s exciting journey as he continues to push the boundaries in property investment...
