Property Sourcing ProfitsWhat is Actually Going On With Property Prices Today?
David brings together the latest information about the property market and discusses what is going on right now with deal packaging and the market.
As the economy begins to open up again everyone from vendors to investors want to know what’s happening and is asking whether the market will fall. Nobody has an answer but David shares some pointers that may indicate the way forward. As deal packagers its always about getting out there and finding a great deal and those who were doing it before are doing it now.
KEY TAKEAWAYS
- Deals are being done and there is an appetite particularly from cash investors for solid family homes
- Location is the key; investors want property they can easily get out of or refinance when the market moves on.
- The people who were doing deals before are still doing deals now but the frequency of deals has reduced.
- The property market is linked to the wider economic landscape
- Property prices today are currently holding up
- As deal packagers, it’s about placing great properties with investors and being paid for doing this.
- Get out there and do what you are supposed to do because are people are finding deals.
BEST MOMENTS
‘Cash investors are pushing forward’
‘We are all students of the economy’
‘Estate agents are saying there is good interest but this may be due to the low volume of stock’
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.
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