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
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/
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/