Property Sourcing ProfitsHow to Find Investors QUICKLY; Get Out There& Market Yourself!!
In this episode, David offers detailed advice on how to find investors quickly.
Using real life and current examples of deal packagers who need to find investors quickly, David explains why they are in this position and the step by step actions they need to take immediately to move forward.
If you are a deal packager this podcast is a must, to help you build a positive profile and market yourself effectively, tune in now.
KEY TAKEAWAYS
- How do you find investors?
The quickest way to find investors is through Facebook if you go into property forums and start to talk about what you are doing people will then contact you.
There is lots of access to free online marketing through platforms such as Facebook and LinkedIn.
The quickest fix to finding investors is to use these free platforms to market yourself and let people know who you are and what you are doing.
- How can you build your profile?
You can diarise your journey through photos and text. You can blog about what you are doing. Posting regularly shows you are active and lets people get to know you.
People buy people, it’s a people business
Providing access to your journey lets people get to know about you and most importantly who you are. People are able to identify with you and ultimately this is what influences people to want to be involved.
- Successfully packaging and selling deals
If you have a passion for doing bigger deals you should still start with the smaller deals, make your mistakes and learn from them before you move to the bigger deals.
To get a big development package over the line you must have direct contact with the person who is in control.
If local property developers haven’t gone for it and it's now with property packagers all over the country then it doesn’t stack up.
Focus your business on sourcing single lets and HMOs once you have a source of single lets and HMOs you’ll need to build a database. There is good demand for good solid, single let family houses that will over time get capital growth.
- Marketing yourself
You’ve got to market your business and tell people who you are. Take them on the journey with you. Marketing is key and you can get results really quickly.
It is vital that you consistently and continually market yourself. The key is to get out there. People can’t invest in you if they don’t know who or where you are.
If you are posting a blog or visiting forums it's vital that you do this consistently and provide value for people. This will raise your profile and enable people to find out about you.
BEST MOMENTS
‘Where the machine is broken, where I see you are not turning stuff into money it is because you don’t have enough people to buy your deals’
‘There is no quicker fix, than online marketing that is free’
‘You do not have to do videos, I understand that might be a step too far’
‘I've walked the walk I've made the mistakes’
‘It's very unlikely you are going to get that deal over the line’
‘By all means, have a go because it’s an education, but don’t think it's going to make you rich’
‘People have a hunger for single lets’
‘She listened to what I said, it took ten minutes to compose it, one minute to post it and now there’s a new investor’
‘You are playing at it if you are not using free social media to find investors’
‘That is not going to build your business, it will be too slow’
‘Maybe they are going to like what they see, but the time just isn’t right’
VALUABLE RESOURCES
https://www.progressiveproperty.co.uk/
https://unlimited-success.co.uk/
https://www.facebook.com/groups/progressivepropertycommunity/
https://itunes.apple.com/gb/podcast/property-sourcing-profits-podcast/id1384873667?mt=2
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
