Feb 26 2024 12 mins 14
Simon shares valuable insights on what he would do if starting to invest in property again. Drawing from nearly 30 years of experience in property investing, he reflects on his journey from a young graduate with student debt to a successful property investor, and emphasises the importance of creative strategies like purchase lease options, highlighting how these approaches can help aspiring investors overcome financial barriers and enter the property market.
KEY TAKEAWAYS
- Look into the possibility of starting in property investing with minimal funds by utilising strategies like lease options and renting out rooms to cover expenses.
- Use purchase lease options as a key strategy for acquiring properties without the need for a large deposit or mortgage.
- Reach out to landlords who may be tired or retiring to explore opportunities for taking over their properties through lease options, showcasing a proactive approach to finding investment opportunities.
- There's great value in assembling a reliable power team, including a mortgage broker and solicitor, to navigate the complexities of property investing and secure favourable deals.
BEST MOMENTS
"I knew nothing about property investing. All I knew was I wanted to get my foot onto the property ladder."
"I would find a landlord who was tired or retiring. I would take on a property on a lease option, ideally five or even maybe seven years."
"Most landlords who are student landlords don't know this. So we can take on their empty properties, do a very light refurb, get them up to scratch, and then rent them out to young professionals."
"Purchase lease options are a fantastic way of controlling property, getting cash flow and potential extra growth on a property that you don't own, which means that you don't need a mortgage and you don't need a big deposit."
VALUABLE RESOURCES
If you would like to learn more about how you can use Purchase Lease Options with your investing, register for this online training http://www.plotraining.com/
To attend your first pin meeting as Simon's guest visit http://www.pinmeeting.co.uk/, find your local meeting, and at the bottom of the page where you normally pay £20, click on where is says "pay with a voucher code" and use this code: PODCAST. This will by pass the payment page and you can attend your first pin meeting for free.
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
Contact and follow Simon here:
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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.
