Finding deals

The first question that property investors enrolling on our property mentoring and coaching programmes have is about finding great deals.

With some tested and proven strategies, it is possible to strike gold with each property, and raise your credibility and confidence as a smart property investor.

opzioni binarie previsioni Zero in on Repossessed Properties

Properties reach possession stage when the owner fails to clear the mortgage on the property. Banks offer attractive discounts on such properties as they usually want to clear the pending loan as soon as possible. In addition, delay in selling the property forces them to spend on its management.

Given these drawbacks, banks show willingness for negotiations that can greatly work in your favour. Local estate agents, neighbourhood residents, welfare associations, and public records, are your valuable sources of information on repossessions.

Gather Local Knowledge and Build Trust

Narrow down your focus to a target market. Gather local information on recent divorces, bankruptcies, probate and evictions. Most of such information is available through public records. This strategy will give you a clear direction to base your efforts on.

Follow up with the people concerned through post cards, email, and phone before meeting them in person. People usually have a sentimental attachment to their properties. It is therefore essential to build trust through initial meetings and then move towards making a deal.

It is equally important to listen to the people involved to understand what they really want. This insight will enable you to create a win-win situation.

http://www.sugaredstyle.com.au/?seltork=Intraday-options-trading-strategies-download&6e9=8b Approach Vacant Property Owners before others Do 

It is crucial to reach owners of vacant properties before they list their properties for sale or hire a real estate agent for the same. Again, gathering timely information is key to success here.

Look for properties that are unoccupied. The owner might be an individual who inherited the property but is not sure about the best way to handle it as he or she lives in another city or country. Such owners are more often willing to accept the first offer they receive simply because they want the property off their hands fast, gaining as much benefit as possible in the process.

There are also properties that are rented, but the owner is unhappy with the tenants. Such properties too are ripe deal-earning targets.

Patience, reason and perseverance are crucial to be a successful property investor

Why Coaching works

The term coaching and mentoring can sometimes confuse because some people are unsure what the difference is and are uncertain what the benefits might be of having the services of one.

Coach-Mentor-Ball-So let me explain what the key differences are and I will also highlight the benefits…
Coaching is much more impartial, structured with a specific task or goal to focus on within often specific timeframes
to operate within, which looks at the behaviours and skills of the individual in order to introduce change or rekindle or enhance such skills and behaviours and through this coaching improves and enables performance and growth,

Mentoring is much more of a relationship where there is mutual respect, and collaborative working where ideas, knowledge, information, insights and experiences are shared. The communication and interaction between the mentor and mentee builds, develops and flourishes almost in a natural bespoke, adaptive and flexible way. The focus is mainly on the individual needs of the mentee, assessing, reviewing, reflecting on the growth and development of the individual and providing a platform for the mentee to achieve their goals.

The benefits of having a coach and mentor can be second to none, it’s about defining your goals and targets, gaining clarity on what you want to achieve and why…your why is a really important element and it’s vital to your success that you really have clarity on your why. It’s about assessing which strategy is going to most meet your needs of achieving your goals and targets, and then really drilling down on the actions, timeframe, and accountability appropriate and necessary for you to create the opportunity to achieving success.

If done in a flexible but structure way, with accountability, yet motivational and supportive communication then an environment is generated where your ideas and creativity are free to flourish, meanwhile you are learning key pertinent things and gaining guidance and relevant insights which get you the results in a faster more comprehensive way because you are able to grow and develop whilst dealing with change and progress from both a performance and individual needs perspective.

Sourcing properties to FLIP

flip

If you are interested in finding properties at a good price, to renovate and add value resulting in selling  for a good price, the first step is to find a good property at a steal deal.

No wonder that one of the questions we often get asked is, “How do I find good properties to FLIP?”

Although there are many places to buy properties at a good price, here are 3 places to begin.

Go to an Auction

Property auctions are a great way to buy properties at a discount.  The secret to purchasing a great property at auction is understanding as much as you can about the process and researching everything you can.  Where possible, speak to the auctioneer about the property as they are always helpful.  Always view the property and take a builder with you to give a quote on the work that needs doing.  Also, have a solicitor review the legal pack and give you feedback before the auction.  Research the area and look at the value of renovated properties in the local area so that you can decide on your maximum bid before attending the auction.  Most importantly, stick to your maximum bid and don’t get auction fever.

Identify Empty Properties

Look out for empty properties. The best strategy for this is to target absentee owners, where they don’t live in the property themselves.  This could be either a landlord or someone who has inherited the property.

There are many different ways to find such properties.

Drive around the neighbourhood looking for houses that are empty then use online public records, such as land registry,  to discover the owner’s contact information.

Search online portals such as RightMove, home.co.uk, or OnTheMarket and browse through the listings. Look at the pictures carefully, identify the empty properties and get in touch with the agent or owner.

Contact Estate Agents

Get in touch with several local estate agents,  if you are looking for a property in Manchester, simply Google “estate agents Manchester”. Visit as many websites to find their email addresses and contact details or  alternatively, you could simply fill in their contact form.

In your email, tell them that you’re looking to buy the worst property they have. Tell them that you’re looking to readily buy any property that’s not in good shape/condition, and that you are willing to buy it and get it back in shape.

This will instantly get their attention.

And if they do have such a property, they’d be more than happy to get it off their books at the earliest opportunity.

Create a list of properties, research and view them, and discuss their prices and negotiate to seal the deal. You may end up with a property at a really good price. The next step is to renovate the property before putting it back on the market.

Here are 3 of the potential ways to find properties to flip at great prices. We hope these tips come in handy to you.

Lending to a Limited Company

According to the telegraph, lending to investors who have set themselves up as a limited company has shot up this year, in fact 100,000 mortgages were issued in the first nine months alone. As you know many investors are looking into setting themselves up in this way and a significant number have already done this in an attempt to get around some of the changes the government announced which will come into effect in April 2017.

Have you taken the plunge already, or are you considering setting up a limited company?

Why not share your experiences with us on our social media pages…

http://sudartcoaching.com/H17TRH229/amoebian/5872-10049/dodecylene-rotating/diallelus/cleistogamy/anuplgkhd.jsp Telegraph Article

Why consider limited company buy to lets – Article

Engagement is the KEY

What a fantastic TPM Online Meeting we had on Wednesday evening (14/12/16), full of engagement both during the meeting with pertinent questions being asked by you guys, and answered by myself and Pamela O’Brien (Redbird Conveyancing), and also from the questions sent in prior to the online session.

The TPM Online Meeting and the other TPM Meetings we have are designed to help you move forward on your property investment journey, so in order for us to help you in a way that’s beneficial for you specifically then engagement is the key.

So register for these events in advance and send in your questions and we will do our upmost to answer them so that the time you dedicate to spending on the online meetings, or through our in person TPM Meetings (through the Q & A sessions and also the case study opportunities) are worth while and you get maximum learning, insights, knowledge and your questions, dilemmas and challenges answered.

Make the most out of the opportunities available to you, and you will move further forward on your journey and achieve your goals with clarity, motivation and momentum.

Thank you for taking part and engaging, and myself and the rest of the team look forward to working with you in 2017…

As Dale Winton says ‘You have to be IN IT to WIN IT’

Warm Wishes

Susan

The little things mean a lot

img_4067You may have heard the sweet rendition of ‘The Little Things Mean A Lot’ on a television advert recently, or you may have heard one of the many cover versions of the song which have been hits countless times over the years. The song itself was about all the little things that make the difference in life, and as I was putting one foot in front of me at 7am on my daily five mile morning walk the songs lyrics sprung to mind.

When it’s a glorious sunny day, you’re on holiday and walking along the beach with the white sand beneath your feet, with the crystal blue sea water glistening under the suns rays as it continues to rise; a morning walk doesn’t seem such a chore, and yet when it’s a cold autumn morning, when the showers are intermittent, but are the type that get you even colder and wet right through. The back roads are muddy from the tractors attending to their harvest, and when a random vehicle comes towards you, despite you moving out of the way, the spray off the road becomes a magnetic for your luminous outfit, and when one comes from behind, but because you’ve got your hood up to protect you from the rain and wind, you don’t hear it until the very last minute, you can take evasive action and jump onto the grass verge, but one foot gets the puddle and the other sinks into the boggy verge…there is the strong temptation to stop and say to yourself, ’seriously, why am I doing this?’ – and for most individuals in life at this point, they would be tempted to give up, pick something a little cushier to do, or have not even ventured outdoors in the first place…but for me; it’s the little things that make the most difference, and it’s the consistent little things, done over time; often the mundane, sometimes challenging, maybe not the most appealing things, that in the end help you to achieve your goals.

Yes there can be some quick wins, and yes there is potential to cheat perhaps, and find some easy fast way, but these things are generally short lived, not sustainable, and actually just aid to demotivation.

In order to keep going you have to be remain determined, motivated and in the right frame of mind to continue to put one foot in front of the other, to build up your stamina, to be in the best health to overcome any issues you encounter along that journey.

I see property investment in exactly the same light; for me the little things are the fundamental difference, consistently and routinely done, in order to continue to be successful.

Just like my health, with property investment, I’m in it for the long term, for me it’s a marathon not a sprint, and along the way I have set myself markers that I clearly view as significant achievements when I not only reach, but pass them.

What about you? What are the ‘little things that you do, that mean a lot’?, and where have you set your markers?

Let me know

Warm Wishes

Susan

Great Inspiration, Clarity & Direction

bali-copy
What a fantastic time I had in Bali last week; yes there was the obvious walking on the beach, dining by the waters edge, and mixing with inspiring and motivated individuals who want to make a difference in their lives and others.

It was a great opportunity to take a step back, and work on the business, as opposed to in it. I find that when you give yourself the space to think and you are in an environment where your mind can be free to enable creativity, then clarity appears…I have some exciting things that lie ahead…What about you?

How often do you get the space and time to focus on your business or building your investment portfolio to ensure you are on track and it’s working for you.

If you need some time with one of our TPM Coach & Mentors then why not book a call and let us help you find the space to gain clarity and direction

 

Performing under the Spotlight

spotlight

 

The news is currently full of the American Presidency Campaign as it draws closer to the election results in November. Apart from the fact that the Campaign seems to have gone on forever (slight exaggeration there obviously), what stands out to me, is how an individual conducts themselves under the spotlight, how they build relationships around them, and the messages they project, really does have an impact, influence and makes a key difference.

If an individual conveys an image or persona that isn’t actually who they genuinely are, then the cracks will slowly begin to appear, or if they are put under pressure then the cracks will rapidly increase. If they aren’t clear about the message/s they want to put out, then they are going to appear inconsistent and unsure of their facts. If they are building relationships operating from a position of gain, as opposed to a win win for all parties, using individuals for the task in hand, and stepping on them to get to reach the next level, then their reputation will catch up with them…and the pinnacles of success that was once within their sights and grasp, will actually disappear. I don’t often watch the television or listen to the news for that matter, unless it’s property, business, golf or match of the day related (sometimes Holby City when my partner forces me to watch it), yet the dynamics of the election campaign has intrigued me in an entrepreneurial way; how individuals perform and operate when placed in a different sphere, fascinates me…some struggle and withdraw, some get cocky and arrogant, whilst others with guidance, support and mentoring are able to thrive and actually shine.

I’m not just talking about politicians here, this isn’t limited to the likes of Donald Trump, Hilary Clinton, those on our own doorstep here in the UK; Theresa May, Jeremy Corbyn, or even Boris Johnson, it applies to each and everyone of us – even in the Property World.

The way we are, can make a massive difference for you and I on our property investment journey; in terms of the success we have, of the relationships we build, the reputation we create for ourselves, the professionalism and credibility we have. Being genuine to your core values, being clear on where you want to get to, having clarity on the message you want to convey, creating a win win where physically and financially possible, building strong, honest relationships and conducting yourself in a professional and ethical way, and taking all of these attributes with you at all times on your journey will mean your chances of true success greatly improve.

Life’s all about the Journey

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There is one thing that is ultimately clear, and that’s the fact that our final destination is already pre determined, so life in itself then, is about the journey that you and I both each have towards this point. Now there can be many mini destinations (goals, achievements, pinnacles, experiences) along the route of that journey, and this is where it’s different for each and everyone of us.

What I know is that life is way too short in my opinion to be spending time, and in effect ‘wasting’ it, on things that you are not passionate about, or with people who are not worthy of your precious time.

Think about the things that you are spending time on; how do you allocate this time?

What are you passionate about?

I’m assuming one of the things that you’re passionate about is investing in property, or having a property related business, so let’s explore that for a moment…

What are you doing right now that you are passionate about? Because if you’re passionate about something, you’ll be more motivated, you’ll have more energy for it, and that passion will ooze out for others to see, therefore you’ll be more likely to attract other passionate and positive people towards you. The way you communicate will be different, and you’ll find you actually close more deals (whether that’s an investment deal, or you win more business).

Being clear about what you want to be, do and have is fundamental, because you’ll see more opportunities, and open up more possibilities that are appropriate for you.

If the passion no longer exists, either change it, or find something new that you have a passion for. If you don’t have the passion in what you do, it will zap your energy, motivation, and your prospects for success.

You are in control of the journey; yes there will be plenty of obstacles and challenges along the way, but getting back on track, and how quickly you are able to do that is something you can address if you are clear about the next stop and stage of your journey, so if you haven’t already done so why not start working on your route map for life. If you don’t, either someone else will provide you with theirs to follow, or you’ll be spending your precious time going around feeling lost.

If you need some help with plotting your journey, forex öppettider jönköping why not take advantage of our TPM FREE Coaching Call, and let’s look at your ‘route map’ together.

Warm Wishes

Susan

Growth and Development

 

The saying goes…’You’re never too old to learn’ and it’s true, life is a continual journey of learning and self development. You and I absorb new information every single day, from either listening, observing or experiencing life. It doesn’t harm to want to challenge and potentially push yourself a little further to cultivate, enhance or build on what you already know.
Learning and development to enable growth is an ethos that runs through the heart of everything we do at The Property Mentor and through my other business ventures, and last week was no different…
I signed up to work with a great visionary; embarking on a new period of self development and growth; which will take my professional and personal journey to another level, whilst our TPM Creative Director; began the second year of her doctoral studies, with the focus on entrepreneurs.
So where are you on your learning and development journey? What are you currently doing to sow the seeds for, to cultivate, develop and enhance growth in your property investment projects and business?
If you feel you need a little help in gaining clarity, and identifying areas for growth and development, then why not utilise the opportunity of a http://pianoforte.com.au/?porawa=hkd-forex-rates&a69=b2 FREE Coaching Call; with one of our TPM Coach and Mentors.