Description

In this episode Ben Green discusses the property strategy he is using to drive his passion for giving back to the community and help those who most need it

The assisted and supported living strategy involves buying for demand and working with local authorities to provide homes for those who need it most and this is a great opportunity to hear about Ben’s experiences and the many elements that need to be understood and worked with to achieve successful leases that support those who need help the most

KEY TAKEAWAYS

• The key is to find strong covenants the good leases that the investment funds will buy
• The people who live in our houses need ongoing support so you need to be very clear about what you are doing and aren’t doing
• There is your exit, your housing association partner and the care partners and the local authority and NHS element
• The front end work is intensive but we’ve been able to build leases that are 10-15 years long
• The local authority commissioner needs to support and sign off on the property, the money is coming from local authority housing benefit
• Our housing association is ultimately our tenant so we have to complete the property to their standards and they will give us a lease
• The tenants care package is completely separate and we are not involved in this
• The housing association partner will have a service level agreement with the care partner
• We have a funding panel in place that understand there is an institutional exit for these properties
• There are commercial valuers who have expertise and understand this market
• We had it over fully compliant and then the housing association take over the compliance
• There are many pieces to the jigsaw and the challenge is bringing all the parts together
• From a funding view it can be a far more secure tenancy if it’s set up in the right way

BEST MOMENTS

‘There’s a lot of good to be done in the sector and we spent a lot of time initially putting together the jigsaw pieces’

‘The reason we have a separate housing association, a separate care partner is to make sure our tenants are looked after’

‘We have to understand the people we are housing and every individual will have a different package. Its demand led’

VALUABLE RESOURCES

This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591       

Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem   

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ABOUT THE SHOW

This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property.

Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. 

James D’Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO’s and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey.

CONTACT METHOD

You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community:

https://www.facebook.com/groups/propertywealthcommunity

Caroline Email: caroline@propertywealthsystem.co.uk

Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/

James Email: james@propertywealthsystem.co.uk

James Linkedin: https://www.linkedin.com/in/james-d-souza-552342104/

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