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In this episode of the Rent to Rent Success podcast, hosts Stephanie and Nicky Taylor converse with Sam Fongho, a specialist in property auctions. Sam shares his journey from working at Goldman Sachs to becoming a property investor and auctioneer in the UK. He highlights the advantages of buying properties through auctions, the types of opportunities available, and the critical role of understanding legal packs.
With insights into handling repossessed properties and solving common property issues, Samuel emphasizes leveraging expertise in property acquisition to maximize success. This episode provides invaluable advice for anyone interested in property investment, particularly through auctions.
About the Hosts:
Stephanie and Nicky Taylor are sisters and co-founders of HMO Heaven and Rent to Rent Success. Starting from humble beginnings, they are now successful businesswomen, speakers, authors and coaches who’ve helped thousands of people to change their lives. They are passionate advocates that ethical property investing is open to everyone, not just the elite few.
Timestamps
00:00 Introduction to Rent to Rent Success
00:51 Meet Sam Fongho: property auction expert
02:08 Sam’s journey into property investment
05:21 The power of property: achieving personal dreams
06:16 Understanding property auctions
08:24 Challenges in the auction industry
15:18 Evaluating property investments in the north east
19:33 Identifying and solving property problems
20:57 Auction opportunities: cash buyers and creative solutions
22:46 Secrets to success at auctions
24:42 Understanding legal packs and special conditions
26:05 Case studies: real auction success stories
26:33 Repossessed properties: types and opportunities
30:59 The role of acquisition consultants
33:56 Negotiation strategies and client success
39:08 Final thoughts and contact information
" The auctions are like being a gladiator. Basically you've got a sword and you've got a shield, and you need to learn how to use both.” — Sam Fongho
Looking for a way to escape the nine to five and create consistent cash flow? Join the FREE masterclass here:
✅ https://go.rent2rentsuccess.com/free-6-step-system?gclid=podcast98rv ✅
Get your FREE copy of the #1 Rent 2 Rent Success Book!
✅ https://go.rent2rentsuccess.com/freebook?gclid=podcast98rv ✅
