Simon explores the important considerations surrounding inherited properties, discussing the various options available to beneficiaries, including selling the property, moving in, or converting it into a rental.

He goes into depth about the need to consider the perspectives of all beneficiaries and the potential financial implications of each choice, the importance of property condition, the possibility of refinancing to fund renovations, and the strategic decisions involved in determining whether to keep or sell the inherited property. 

KEY TAKEAWAYS

• When inheriting a property, it's important to consider the needs and opinions of all beneficiaries involved, as different family members may have varying requirements regarding the property.
• There are three main options for handling an inherited property: selling it, moving in to live there, or converting it into a rental property. Each option has its own set of considerations and implications.
• The condition of the inherited property can significantly affect its market value. Deciding whether to modernise the property before selling or to sell it as-is requires careful consideration and agreement among beneficiaries.
• If you choose to keep the property, you may need to raise a mortgage to pay out other beneficiaries. Understanding the difference between residential and buy-to-let mortgages can provide more flexibility in financing options.

BEST MOMENTS

"Whenever you inherit a property, there are a number of considerations... you might decide to just sell the property, move into the property, or turn it into a rental property." 

"If you inherit a property you want to rent out, maybe you could refinance it and that will give you the money to do the property up." 

"Don't just assume you're getting the maximum rent; it might be worth you spending a little bit of money on that property to improve the standards and then also raise the rent."

"Investing in property is one of the very best investments you can make... use that inheritance to build the wealth of your future generations."

VALUABLE RESOURCES

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

Simon addresses common frustrations faced by property investors, emphasising that many are wasting their time by not focusing on the right strategies. He introduces the "massive success formula," which consists of taking massive action, implementing the right strategies, and maintaining consistency to achieve significant results in property investing. 

KEY TAKEAWAYS

• To achieve success in property investing, it's essential to take significant action. This involves dedicating time and effort upfront to acquire properties, which can lead to passive income in the long run.
• Focus on five key steps to ensure you are doing the right things in property investing:
• Find or attract motivated sellers. Run the numbers to assess if a deal is good. View the property and build rapport with sellers and agents. Make an offer on every property viewed. Follow up with sellers, as their motivation may increase over time.
• Consistently applying strategies is crucial for success. Many investors fail because they dabble in strategies without committing to them over time. Regular engagement, such as sending letters or posting on social media, can yield better results.
• Quickly assess the return on investment (ROI) for properties. Positive cash flow is essential, and different strategies yield varying ROI percentages, which should guide your investment decisions.

BEST MOMENTS

"The reality is, unfortunately, most people who are trying to invest in property are wasting their time. And that's because they're not doing the right stuff."

"If you take massive action, times the right stuff, times consistency, you will get massive results."

"We have to either find these people or attract them to us. That's the first step."

"We want the seller to say no to us... If they accept it straight away, it means you probably paid too much."

"Most amateur investors... think, oh, they're not interested. Let me go and look for the next opportunity."

VALUABLE RESOURCES

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

Simon delves into two lucrative property investment strategies: Houses of Multiple Occupation (HMOs) and serviced accommodation, comparing the benefits and challenges of each approach, highlighting the importance of quality in HMOs to attract better tenants and ensure consistent income. 

He discusses the need for effective management and the potential for repeat customers in the Airbnb market, while also discussing the impact of upcoming regulations on short-term rentals. 

KEY TAKEAWAYS

• HMOs provide consistent income through long-term contracts (typically 6-12 months) and can yield a profit of at least £1,000 per property when managed correctly. High-end co-living HMOs are recommended to attract better tenants and avoid competing solely on price.
• Airbnb properties can generate significant income, but the occupancy rates can fluctuate, averaging around 70%. Dynamic pricing is essential to maximise profits based on demand, and maintaining good reviews is crucial for attracting repeat customers.
• Recent regulations in Scotland and Wales, with potential upcoming regulations in England, may impact the Airbnb market by requiring safety standards and registration. This could reduce supply and benefit those who remain in the market.
• Successful property investing involves not doing all the work personally. Utilising managing agents for HMOs and virtual assistants for Airbnb can help streamline operations, allowing investors to focus on growing their portfolio while maintaining a work-life balance.

BEST MOMENTS

"If you have a vanilla boring HMO, you're going to compete on price, which is not a good thing."

"The key to making lots of money in SA, Airbnb, is to get repeat customers. It's very important to get really good reviews."

"When regulation comes in, there'll be a fall in supply of Airbnb and service accommodation units available to rent."

"If you look after your tenants in an HMO, I've got tenants who've stayed for years and years and years."

"Please treat your property investing like a business, systemise it and get great people in to help you run that business."

VALUABLE RESOURCES

To learn more about how you can add profitable HMOs to your portfolio, register here to join online training with Simon
https://property.isrefer.com/go/3-5PF/Podcast/

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

Simon welcomes Richard Miller, a former army officer turned successful property investor, who shares his incredible journey into the world of real estate. Richard discusses a life-changing mega deal that generated over £100,000 in profit from a single investment, highlighting the importance of education and networking in property investing. He also recounts his initial foray into property after being inspired by his father's advice, leading to a series of successful investments, including a remarkable 48-bed HMO in Sheffield. 

KEY TAKEAWAYS

• Gaining knowledge about property investment is crucial. Understanding the risks and having a solid support network transforms a gamble into a calculated risk.
• Simply acquiring knowledge is not enough; taking decisive action is essential for changing one's life and achieving financial goals.
• Focusing on larger property deals can lead to greater profits with less competition. By moving away from smaller, saturated markets, investors can find more lucrative opportunities.
• Building a strong network of investors and partners can provide the necessary funding and experience to tackle larger projects that may initially seem out of reach.

BEST MOMENTS

"I thought I could earn more than that, hopefully with less work and be my own boss through property investing."

"I found a six bed student HMO in Sheffield, off market, bricks and mortar value 345, agreed to buy it for 325."

"I had no money again and had to, right, do I phone up John... or do I try and do this and try and make it work?"

"If you want something different for your life, you've got to do something different."

VALUABLE RESOURCES

To learn more about how you can add profitable HMOs to your portfolio, register here to join online training with Simon

https://property.isrefer.com/go/3-5PF/Podcast/

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

Simon delves into the crucial distinctions between HMO (House in Multiple Occupation) licensing and planning conditions, emphasising their separate roles in property investment. Simon highlights the importance of creating high-end co-living spaces to attract better tenants and maximise income. He explains the licensing requirements for HMOs, including the number of unrelated occupants and room size regulations, while also addressing safety standards that must be met. Additionally, Simon discusses the complexities of planning permissions, particularly in areas with Article 4 directions, and offers insights on how to navigate these challenges effectively. 

KEY TAKEAWAYS

• It's crucial to differentiate between HMO licensing and planning conditions, as they are separate aspects of managing HMO properties. Licensing pertains to the number of unrelated tenants, while planning relates to the classification of the property.
• Generally, a property needs a license if it houses five or more unrelated individuals, but some councils may require a license for three or more. Always check local council regulations for specific requirements.
• Minimum room sizes for licensed HMOs vary by council. The national guideline for single rooms is 6.51 square meters, but some councils may require larger sizes. It's essential to verify these requirements to avoid issues when applying for a license.
• In areas with an Article 4 direction, converting a C3 residential property to a C4 HMO requires planning permission. However, if the concentration of HMOs is below a certain threshold (e.g., 20%), it may still be possible to obtain permission.

BEST MOMENTS

"If you're going to do HMOs, it's very important to make sure you do high-level, co-living HMOs."

"A lot of councils interpret the HMO licensing rules in their own way... some councils take the strict definition of an HMO."

"If you have an en suite where the room has its own private shower, toilet and hand basin, the space for the en suite does not count towards the floor space of the room."

"In many areas, there is an oversupply of the very average HMOs I talked about earlier on."

VALUABLE RESOURCES

To learn more about how you can add profitable HMOs to your portfolio, register here to join online training with Simon

https://property.isrefer.com/go/3-5PF/Podcast/

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

Simon tackles six common myths surrounding Houses of Multiple Occupation (HMOs), a highly profitable property investment strategy, beginning by debunking the misconception that everyone is investing in HMOs, revealing that 82% of rental properties in the UK are single lets.

Simon stresses the importance of creating high-end co-living spaces rather than average HMOs to attract discerning tenants and reduce void periods. Other myths addressed include the perceived high workload of managing HMOs, the financial barriers to entry, and the challenges posed by Article 4 planning restrictions. 

KEY TAKEAWAYS

• While many believe that everyone is doing HMOs, 82% of rental properties in the UK are single lets. The perception of oversupply often comes from networking environments where HMOs are more commonly discussed.
• The focus should be on creating high-end co-living HMOs rather than average ones. These properties foster a community atmosphere, leading to lower void periods and the ability to charge higher rents.
• Although managing an HMO with multiple tenants may seem more work than a single let, the potential profit from an HMO can justify the effort. One HMO can be less time-consuming than managing multiple single lets, especially when considering the option to hire management.
• There are various strategies to enter the HMO market without needing significant upfront capital. Options include rent-to-rent agreements, purchase lease options, and vendor financing, which can allow investors to leverage other people's money.
• Concerns about obtaining licenses for HMOs can be alleviated by understanding the requirements. As long as the landlord is deemed fit and proper and the property meets safety standards, obtaining a license is generally straightforward. Additionally, properties in Article 4 areas can still be converted to HMOs with the right planning permissions.

BEST MOMENTS

"82% of rental properties in the UK are single let properties... I promise you that is definitely not the case."

"When you have a high-end co-living HMO, people are really coming into a community... they want to be in this community."

"If you compared maybe five single let properties... I would suggest the one HMO actually is a less time input."

"You can absolutely pick up properties in an Article 4 area and still use HMOs as long as you follow the rules."

"As long as you follow those guidelines... you should be able to get your HMO license, which typically lasts five years."

VALUABLE RESOURCES

To learn more about how you can add profitable HMOs to your portfolio, register here to join online training with Simon https://property.isrefer.com/go/3-5PF/Podcast/

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

Simon discusses the concept of using other people's money in property investment with successful mastermind graduate Andy Tattersfield. Andy shares his journey from the motor trade to becoming a full-time joiner and eventually venturing into property investment. He recounts how he overcame his initial doubts about attracting investors and successfully completed several deals without using his own funds. The conversation highlights the importance of networking, social media, and building trust with joint venture partners. 

KEY TAKEAWAYS

• Learning to leverage other people's money is crucial for property investment, especially when personal funds are limited. Many successful investors have built their portfolios by collaborating with investors who provide the necessary capital.
• Building a strong network is vital in the property business. Engaging with others in the industry can lead to valuable partnerships and opportunities. Attending property networking events, such as PIN meetings, can help establish these connections.
• Utilising social media to share progress and projects can attract potential investors. By showcasing what you are doing, you can engage with individuals who may be interested in investing in your ventures.
• Investing in education, such as attending courses and workshops, can significantly enhance your knowledge and confidence in property investment. Understanding concepts like capital allowances can provide additional financial benefits.

BEST MOMENTS

"I think it's something that you've said right from the very beginning, you don't know what you don't know. Absolutely. Because now I know more."

"I was told or advised to get on social media and tell the people what you're doing, which is what I did."

"When people say your network is your net worth, you know, so true."

"It's a false economy. And, of course, I listened to everything you said and completely ignored it."

VALUABLE RESOURCES

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

Simon welcomes Scott Pickin, a seasoned property investor from South Africa, who shares insights from his 20-year journey in the property investment world. The discussion delves into the evolution of investing, highlighting the importance of education, mentorship, and the power of technology in democratising access to investment opportunities.

Scott explains his venture, Wealth Migrate, which allows investors to pool resources for equity investments in high-quality assets globally. The conversation also touches on the current market dynamics in England and the U.S., emphasising the significance of diversification and creative thinking in identifying lucrative opportunities. 

KEY TAKEAWAYS

• Continuous investment in personal development and education is crucial for success in property investing. Engaging with mentors and participating in mastermind programs can significantly accelerate growth and understanding of the market.
• Technology has democratised access to property investment, allowing individuals to pool resources and invest in larger assets that were previously only available to wealthy investors. Platforms like Wealth Migrate enable investors to participate in equity deals with smaller amounts of capital.
• Investors should not limit themselves to local markets or a single asset class. Diversifying across different countries, currencies, and types of properties can mitigate risks and enhance potential returns.
• Current market conditions, such as nervousness among landlords and changing regulations, can present unique investment opportunities. Those who are educated and proactive can capitalise on these situations while others hesitate.
• Surrounding oneself with like-minded, ambitious individuals can foster growth and inspire new ideas. Engaging with successful peers can shift perspectives and encourage taking calculated risks, ultimately leading to greater achievements.

BEST MOMENTS

"What I learned through the crash was that the real money is made in the likes of commercial property and sort of at the next tier. But most people just don't have the money, don't have the time, or don't have the knowledge."

"We built a platform to allow people to invest in deals. You're on the debt side, we're on the equity side. They actually own a piece of the asset."

"The challenge that they have is they now have the burden of responsibility. You cannot blame the government, blame your background, blame your schooling."

"As you said, most investors are sitting back waiting. They're nervous about new government, new legislation, interest rates, and they're sitting back waiting, which means those of you who are educated, some huge opportunities waiting for us and not much competition."

VALUABLE RESOURCES

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

Simon is joined by special guests, Michael and Laura Taylor, who share their inspiring journey from traditional careers in teaching and medicine to successful property investors specialising in HMOs (Houses in Multiple Occupation). They discuss the pivotal moments that led them to explore property investment, including the influence of a transformative book and a three-day Accelerator course. They also reflect on their rapid progress over the past three years, achieving significant financial milestones and developing effective management strategies for their properties. 

KEY TAKEAWAYS

• Developing a strong mindset and self-belief is crucial for success in property investment. The journey may have challenges, but maintaining confidence and trusting the process can lead to significant achievements.
• Utilising management systems and outsourcing can alleviate the burden of managing properties. Michael and Laura have successfully implemented a virtual assistant system to handle tenant communications and maintenance requests, allowing them to focus on other aspects of their lives.
• There are various strategies in property investment, and it's important to find the right fit. Michael and Laura have chosen HMOs for their cash flow potential and are open to exploring other strategies as they continue to grow their portfolio.
• Property investment can provide a sustainable income that allows individuals to reduce reliance on traditional employment. This alternative can lead to greater freedom and the ability to pursue work that is genuinely enjoyable rather than necessary for financial survival.

BEST MOMENTS

"I was sat in my office, staring at the same four walls thinking, can I do this for another 25 years? The short answer was no."

"It absolutely sort of blew our minds a little bit as to what was possible in property."

"It was a real conscious choice to go, no, we're going to carry on."

"One of our properties we've just handed over to a social housing charity... making us £2,000 a month without literally any other costs whatsoever."

"There is another option. There are other ways."

VALUABLE RESOURCES

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

Simon shares six essential steps to help you secure your next or first property investment deal. He emphasises the importance of clarity in your investment goals, guiding you through the process of determining your desired outcomes and the strategies that will best achieve them, such as high-end HMOs for passive income.

KEY TAKEAWAYS

• Before diving into property investing, it's crucial to clarify what you want to achieve, whether it's creating passive income or generating cash flow. Different strategies yield different results, so understanding your objectives will guide your investment choices.

• Invest in areas where you have local knowledge, as this will help you identify good and bad neighbourhoods. Conduct research to ensure there is strong rental demand, which is essential for successful property investment.

• Assemble a team of professionals, including local estate agents, letting agents, mortgage brokers, and solicitors. Networking at local property investor meetings can help you find reliable team members through recommendations.

• Practice making offers on every property you view, even if you're not particularly interested. This builds confidence and helps you understand the negotiation process. Aim to offer slightly less than what you're willing to pay to start negotiations.

BEST MOMENTS

"The problem is there are so many property strategies out there. Often people get overwhelmed, they get distracted by the new shiny penny, they get analysis paralysis."

"You should make an offer on every single property you view. Why? Well, first of all, it's good practice."

"Most sellers become more motivated with time. What didn't necessarily work now might well work in the future."

"I think there'll always be a demand for high quality HMOs, houses of multiple occupation, where you're renting to students, young professionals or working people."

VALUABLE RESOURCES

Claim your free trail to Property Filter here: https://register.property-filter.co.uk/simon

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

Simon is joined by special guest, John Woodman, who shares his inspiring story about a life-changing lease option deal he executed, which resulted in a remarkable profit of over £100,000 from a single property. John, who transitioned from a 21-year career in the defence sector to property investment, discusses how he discovered this unique opportunity through a connection made while speaking to business studies students at a local college.

Simon also delves into the details of the deal, including the structure of the option agreement, the transformation of the property into service accommodation, and the innovative approach of providing emergency housing for local councils. 

KEY TAKEAWAYS

• John found his property deal through a connection made while speaking to business studies students, demonstrating the importance of networking and being open to opportunities in unexpected places.
• The deal was structured as a lease option, allowing John to control the property without a large upfront deposit or mortgage, which significantly reduced his financial risk.
• John pivoted his service accommodation strategy to provide emergency housing for local councils, creating a consistent income stream while fulfilling a community need.
• The property generates a net profit of approximately £9,000 per month, translating to over £100,000 annually, showcasing the potential for substantial returns in property investment.
• John invested around £50,000 in renovations and legal fees, which, given the high revenue generated, allowed for a quick return on investment, emphasising the importance of enhancing property value to maximise income.

BEST MOMENTS

"We reckoned it was about 1.1 to 1.2 million. The agent told them it was going to be worth 1.5 million. He hugely overvalued it."

"We said, well, why don't we basically rent it off you for the next five years, and we pay them very similar amount to what they were getting in terms of rent."

"Across the four-bedroom house and the flats, with the dance school, we get a little bit of money for the dance school every month. We take in about £16,000, £16,500 a month."

"You can never judge anyone. You should be putting out the giver's game about just connecting with people, trying to help people, because you never know where it's going to land."

VALUABLE RESOURCES

If you would like to learn more about how you can use Purchase Lease Options with your investing register for some free training with Simon Zutshi here.

https://property.isrefer.com/go/LOW/Podcast/

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.