How to Find Great Property Deals in Your Area

What makes a  great deal? What should you be looking for? Simon answers both these questions and more in this episode packed with value and content for anyone who is in property investment. It’s vital that you have clarity about your strategy and understand what type of properties you are looking for and where they are located so that you can buy properties that will help you to develop your investment strategy. Finding a great deal depends on you knowing the area you want to buy in, understanding what a motivates a seller and how to work out if it’s a good deal for you. If you find a great deal you’ll need to be able to move quickly because if you don’t someone else will so identifying your buying criteria is vital, listen in and find out everything you need to know about how to find a great deal that will work for you.   KEY TAKEAWAYS Instant Equity - Buying from a motivated seller at a discount means that on day one there is instant equity in the property and you immediately have a buffer against a drop-in market prices. Rental demand - Only buy a property in an area where there is strong  rental demand. Positive cash flow - Only buy a property with positive cash flow, there must be a profit each month. Add value – can you add value to the property? It may be an older property that requires work completed. If you can add value you can force the appreciation of the property. Low money down - A great deal is low money down or no money left in the property and strategies such as purchase lease options and rent to rent don’t require a lot of money upfront but will give you good cash flow. High return on investment - this is the amount a property makes every year compared with the initial investment. Having any one of these elements will mean you potentially have a great deal. What’s your strategy and what sort of properties do you need to develop that strategy? What type of property do you need to source and what is the location that is suitable for the clients you want to attract You need to know how much rental income the property will generate so you can work out the cash flow. Learn what the average price is in the area you want to buy – this means you will be able to quickly identify properties that come to market priced competitively. You will potentially find more deals than you are able to complete yourself providing a great opportunity to sell deals to other investors for a fee.   BEST MOMENTS ‘You should always do your due diligence but remember successful people are decisive’ ‘Get clarity on your strategy’ ‘If other investors are achieving it then it’s possible’   VALUABLE RESOURCES Property Magic Podcast Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi     property investor’s network (pin) - www.pinmeeting.co.uk iPhone:  http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2 www.dealfindertraining.co.uk   ABOUT THE HOST 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.   CONTACT METHOD 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/