The Serviced Accommodation Property PodcastThe Serviced Accommodation Property Podcast

Interview with Shimon Rudich – Prolific Property Investor and Owner of MS Law

View descriptionShare

The Serviced Accommodation Property Podcast

In The Serviced Accommodation Property Podcast you will learn how to Start, Systemise and scale a profitable Serviced Accommodation Business. Kevin se 
116 clip(s)
Loading playlist

Today´s guest Shimon Rudich is a prolific property investor who has used all of the different strategies and taught over 13,000 people to do the same. He also runs MS Law, a firm Kevin has personally used, for many years.

For this episode, Shimon focuses on creative financing strategies. In particular, the different ways you can use lease options, title-splitting and commercial to residential deals. Importantly, Shimon also explains how to avoid the most common issues with these more creative property investment strategies.

KEY TAKEAWAYS

  • Using lease options avoids the need for a deposit, or a mortgage and avoids all kinds of legal fees.
  • Lease options enable you to make money from a property as if it were already yours.
  • Use short lease options to make money faster.
  • Exercise your right to buy as soon as you can. 
  • Don´t forget to exercise your right to buy on time. Surprisingly, a lot of people do forget to do so.
  • Be realistic and fully understand what happens if the vendor or tenant breaks the contract.
  • You must keep in touch with the vendor throughout the lease period. Shimon explains why not doing so can cost you a lot of money.
  • Look for large properties with a staircase in the middle to convert into flats and use title-splitting.
  • Title-splitting can be used for commercial conversions, which are still incredibly profitable. Especially when combined with SA.
  • Win wins clinch deals fast.
  • Always use proper joint venture agreements drawn up by a contract solicitor.

BEST MOMENTS

‘I have a vested interest that you are successful – I make money only if you are successful.’

‘The best way to get people (the vendor) to stay in touch is to incentivise them.’

‘If you are not closing deals every single month you are not doing something right.’

You can still make money from commercial conventions, even if you don't have any money.

GUEST RESOURCES

https://ms-law.co.uk/

Shimon@ms-law.co.uk

https://www.facebook.com/shimon.rudich/

VALUABLE RESOURCES

Discovery Day Sign-Up Page - 

https://progressivepropertyreferral.com/serviced-accommodation-discovery-day/amb0676

The Serviced Accommodation Property Podcast- https://itunes.apple.com/gb/podcast/the-serviced-accommodation-property-podcast/id1436005279?mt=2

https://propertysoldier.co.uk/

Serviced Accommodation Success by Kevin Poneskis

Rich Dad, Poor Dad by Robert T Kiyosaki

ABOUT THE HOST

Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.

Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years. 

CONTACT METHOD

https://en-gb.facebook.com/propertysoldier

kevin@propertysoldier.co.uk

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

  1. The Serviced Accommodation Property Podcast

    116 clip(s)

The Serviced Accommodation Property Podcast

In The Serviced Accommodation Property Podcast you will learn how to Start, Systemise and scale a pr 
Follow podcast
Recent clips
Browse 116 clip(s)