David talks to Rob and Tom hosts of the Property Investors podcast about all things deal packaging.

They discuss how to get started, why deal packaging is the property area to get into first and how you can do it when you are starting with no cash flow.

David also discusses some of the deals he has done, what to look for in an investor and creating a process that will mean you as the deal packager not only build an effective relationship with the investor but also ensure they have the funds and are committed to investing.

KEY TAKEAWAYS

• If you want to get into property deal packaging is the best way to get started
• Initially, it’s about the cash you are finding an investor who wants to buy a house and then you go out and find a property to match their criteria and you are paid a fee for sourcing the property.
• In any year there will be property deals that you will want to invest in to build your own portfolio.
• It’s about your investor database and it’s about the people.
• Where ever you are based deal packaging works.
• The strategies required vary in different areas of the country
• Deal sourcers and packagers are regulated and compliance is important.
• Being compliant means having professional indemnity insurance, being registered with a redress scheme, data protection re the ICO, registering with HMRC re anti-money laundering.
• The process should begin with securing the investor and there should be interactions that build a relationship between the investor and deal packager.
• If you have a process then you can qualify the investor through a series of hurdles that help to ascertain the legitimacy of the investor and mean they can get to know the deal packager.

BEST MOMENTS

‘There is a natural flow to deal packaging’

‘Deal packaging is the fastest way in property to make cash and you don’t have to put anything in’

‘Deal packaging can work successfully anywhere’

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/