Property Sourcing ProfitsWhy be in a Mastermind Group? Interview with Halstead Ottley
Halstead has a portfolio of buy to lets, HMO’s, commercial conversions and Serviced Accommodation along with a wealth of expertise and experience and in this episode, he explains how his property journey started, some of the strategies he has used to grow his portfolio and discusses with David how joining the Mastermind Group at Progressive Property moved everything up a level for him.
With Halstead now the newest Mentor in the Deal Packaging Mastermind Group at Progressive, this is a great opportunity to find out about him and some of the hugely successful strategies he has in place with his diverse property portfolio.
KEY TAKEAWAYS
- Make sure you have bought a property at a good price, getting a discount is always an advantage.
- Buy right when you buy and refinance on the bricks and mortar, not the income
- I discovered education and it reignited my passion for property
- I’m a huge advocate for getting educated and having a mastermind group
- Being part of a mastermind group has helped me to put together joint ventures and understand the value I was able to bring.
- Being in a mastermind group means you are with others who are further on in their journey and you can learn from them.
- Being part of a Mastermind group helped me to understand the value of not trying to do it all myself.
- Having a letting agent and managers for my properties transformed my business.
- It’s always about who you surround yourself with that makes a difference.
- Every year I have learnt something new through the Mastermind group.
BEST MOMENTS
‘I just gelled with Progressive Property’
‘I finance on the bricks and mortar because the price for houses goes up and down’
‘In 2 years, I turned around my property portfolio’
VALUABLE RESOURCES
Property Sourcing Profits Podcast
https://www.progressiveproperty.co.uk/
https://unlimited-success.co.uk/
https://www.facebook.com/groups/progressivepropertycommunity/
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
