Financial Freedom in Under 5 Years Using Property Investments with Jack Smith

Meet Tokeet Channel Manager, your ultimate all-in-one property management solution. It’s the game changer designed to boost your profits while simplifying every aspect of your operations. Join 60,000 rentals across 95 countries who trust Tokeet. Click below and discover Tokeet - the business partner you never knew you were missing! Link: https://www.tokeet.com/?ref=ztfjzgj   THE AIRBNB CONSULTANT - CONTACT US  https://calendly.com/airbnbconsultant/15min  DESCRIPTION For this episode, Alex is joined by another young and inspiring entrepreneur - Jack Smith who started investing in property about 5 years ago. Today, at the age of 27 he has flipped numerous houses and built up a large portfolio of properties. He also sources and sells deals to other developers and is in the process of creating a luxury HMO portfolio. All while sharing his knowledge via social media and other free to access materials. KEY TAKEAWAYS Try to make your first deal a joint venture that you do alongside someone with experience. Education is essential. It is the starting point. Even though it is tough, push yourself to network to find partners and people you can learn from. If you do quit your day job, do it at the right stage. Leverage social media to build your brand, attract investors and make it easier to change direction and monetise your business in multiple ways. Focus on motivated sellers that need to sell to solve urgent problems. Doing a deal that helps the buyer makes sense for both parties e.g. buy fast before repossession and help them to move into rented accommodation. Win wins work. If a property is not suitable you can still earn something by selling the details on to another developer that does want it. Deal packaging works. There is huge demand for HMO rooms especially at the luxury end of the market. It is now possible to use individual electricity meters for each room, which helps to control HMO power bills. BEST MOMENTS “I thought there was a lot more complexity to flipping a house, and I was actually surprised at how simple it was.” “Just off that one video, 1000 investors signed up to our email list.” “Education is the starting point. If you're not educated, if you don't know what you're doing, or at least what you could be doing, what's the point?” EPISODE RESOURCES https://www.jack-smith.co.uk https://www.youtube.com/@jackdavidsmith https://rightval.com   HOST BIOS Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years. This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’ Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.