The 5 Golden Rules of Property Investing

Invest in property and get paid forever. In this episode, Simon discusses the 5 golden rules of property investing. To make more money, educate yourself first. If you’ve read his book The Property Magic, then this will be a good ‘update’ to what you’ve learned since he presents a NEW golden rule no. 1. If you haven’t, then fret not,  Simon’s discuss is as detailed as it can be!  It becomes easier when you hear these proven strategies in investing. Discover more today in the Property Magic Podcast!  KEY TAKEAWAYS  Buy from motivated sellers. Speed and certainty are much more important than how much you’ll make for motivated sellers. It’s easier to arrive at win-win deals with them.  The first golden rule used to be ‘Buy below market value.’ Simon emphasizes NOT to do this every time.  Only buy from an area that has high rental demand. There will be no downtime so cash flow is more consistent. You can also be picky for renters.   Buy something that will make you positive cash flow. It may become a liability if you didn’t do your research before investing. Aside from this, you also have taxes and other fees to pay, so don’t forget about them.  Always buy for the long term. Yes, the property fluctuates; it down. You can see this as a threat or as an opportunity. Simon advises buying properties when the market is down.  Always have a cash buffer. There will be times that it won’t go well; be ready. Maintenance also requires capital.  BEST MOMENTS  “It’s much smarter to learn from someone else’s mistakes than have to make those mistakes yourself.”  “It’s not about getting much amount of money.”  “Look for sellers, not for properties.”  VALUABLE RESOURCES  Property Magic: How to Buy Property Using Other People’s Time, Money and Experience by Simon Zutshi | Amazon   property investor’s network (pin) - www.pinmeeting.co.uk  ABOUT THE HOST  Simon Zutshi, experienced investor, a 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 became financially independent by the age of 32.  Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003. 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 on 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  www.pinmeeting.co.uk  Facebook: http://www.facebook.com/OfficialSimonZutshi Lindkedin: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/