Where Should I Source Deals to Make a Quick Start?

David, has this week been asked by one of his community - Where should I go, where is my gold mine area? There are different answers to this question depending on whether you are and experienced property investor or someone new to deal packaging and property. In this episode, David explains exactly how you can source deals and get the best deals when you want a fast turnaround, whether you are an experienced property investor or new to property and deal packaging. There is something for everyone in this podcast so listen in and then use the great content and advice to make a fast start and source great deals for your investors.    KEY TAKEAWAYS Experienced people Where do I find the best deals for a fast turnaround? If you are an experienced investor with a portfolio you should be packaging deals, even if it’s not your main business. The best deals are in an area where you have contacts An area where you have builders, letting agents and great relationships with estate agents. Use the area where you have built your own portfolio and leverage your contacts to find great deals for your investors. The quickest turnaround if you are experienced is to work on your own area and go about it as if you are looking for deals for yourself. New People You should research the area you are going to work in and provide information that will answer the sorts of questions investors will have. What is the population? -the bigger the place the bigger the infrastructure, the services and support. Is it growing rapidly? – growth is a great indicator that there will be a demand for different types of investment properties. How have house prices changed? – is there is a proven track record of house prices rising in the last ten years even through a property crash? What regeneration is planned, or is already taking place? – this is all about the potential expansion of the area. What is unemployment like in the area? – this will give an indication of who an investor is likely to be renting to. Find out about commuter times and lifestyle opportunities as this will also help the investor to understand the area in more depth. Layer all these things for the investor, a single element is not a deal maker but together they make a compelling argument.   BEST MOMENTS ‘I knew I had a resource I just didn’t know how to channel it, but I do now’ ‘What is cash flow going to be like for your investors in your area’ ‘What can you show that happened in the past that makes it a good place to invest’ ‘Cashflow is great but what makes us wealthy capital growth’   VALUABLE RESOURCES  Property Sourcing Profits Podcast https://www.progressiveproperty.co.uk/ https://unlimited-success.co.uk/ https://www.facebook.com/groups/progressivepropertycommunity/   ABOUT THE HOST David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004. In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained. The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.   CONTACT METHOD https://www.linkedin.com/in/david-siegler-7b126316/ https://www.facebook.com/DavidSieglerInvestments/