How To Get Paid To Buy Property

Simon is joined by full-time property investor Michelle Cairns, who shares her remarkable journey with a purchase lease option deal that transformed her financial landscape. Michelle discusses how she transitioned from a teaching career to property investing, emphasising the importance of creative finance strategies. She reveals the details of her 10-bed HMO deal, including how she secured it with no money down and the innovative ways she financed the necessary refurbishments. The conversation highlights the benefits of options for both investors and property owners, showcasing how Michelle not only generated significant monthly income but also positioned herself to acquire the property at a higher valuation. KEY TAKEAWAYS Using purchase lease options can allow investors to acquire properties without a large deposit or mortgage, making it accessible for those with limited initial capital. Asking the right questions during property negotiations can uncover potential deals. For instance, inquiring if the owner would consider selling in the future can lead to a purchase lease option arrangement. Investing in property improvements can significantly increase its value. In this case, refurbishing the property and enhancing its appeal led to higher rental income and a substantial increase in market value. Having a clear exit strategy is crucial. Understanding how to secure financing or assign the option can alleviate concerns about future payments when the option period ends. Engaging with a community of like-minded investors can provide valuable insights and support. Learning from others' experiences and sharing knowledge can enhance confidence and success in property investment. BEST MOMENTS "I thought, right, that's, this is a perfect purchase lease option situation because they don't need to sell right now. They don't need the money." "I just put out something to the people I knew on social media and just said, have an opportunity. Kept it super vague." "I knew that you'd done some and I knew lots of other people had done it. So even though I didn't know the detail... I just had faith that other people had done it." "It's a win, win, win. Obviously, options don't work for everybody... But it's about understanding how to find these people, how to speak to them, and how to structure a win-win deal." 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.