David is with Rick Cusimano, a mentor in the Progressive mastermind group. Rick has to date bought and sold around 40 properties and is continuing to grow his own portfolio and source great deals for investors as a deal packager. His most recent purchase is a commercial property that he is currently converting into 11 apartments.

 In this interview, he talks about effectively using systems in your deal packaging business from the very start and shares some of the apps and tools he uses in his own business. It can be easy to get started and then use up valuable time trying to put in systems when the key is to put the right systems in at the right time and never find yourself trying to play catch up.

KEY TAKEAWAYS

• It’s all about the right deal at the right time and you need to take things a step at a time.
• You need projects that will push you so you continue to grow and develop.
• Any project or learning gives you the foundation to take further steps towards a bigger project further on.
• Deal packaging forces you to go out and look at every sort of property opportunity.
• You have to systemise the right thing at the right time as a deal packager.
• You should as a deal packager from the beginning have an app that tracks milage such as MileIQ and a diary, task manager or scheduling system, such as google calendar, which you can easily share with others.
• Systemising is about saving time and it’s important to have a system that means you can follow up on offers you have made.
• You need to systemise the investor side of the deal with email templates and email management to ensure you maintain good levels of communication.
• Having a helicopter view of what’s going on in your business and the deals that are going on is vital.

BEST MOMENTS

‘It’s all about finding investment opportunities that are interesting and capture the imagination of others’

‘Little deals can lead on to bigger deals and the opportunities keep on presenting themselves in deal packaging’

‘Everything you do potentially creates a new opportunity’

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

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

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