This episode is a great listen for anyone new to property as Shaz shares an overview of the most common mistakes and how to avoid them
Using this as a checklist will make sure you are asking the right questions and making sure your numbers stack up so any deal you make is the right one for you
KEY TAKEAWAYS
Especially in the early days people buy a property because it’s cheap and don’t do the research needed
If a property isn’t selling there’s a reason
In any area, there is a ceiling price and if you spend too much on refurbishment you won’t be able to get your money back
Don’t buy property for capital appreciation buy property to create an income stream
The capital appreciation should be a bonus
When you are buying for rental don’t let your emotions take over, make sure the numbers work and that it’s a deal that works for you
Be sure about the strategy you are using and buy with this in mind any property needs to be in line with your strategy and meet your criteria
BEST MOMENTS
‘Property is one of the best businesses I’ve ever come across
‘My aim and ambition is to help you do well and avoid mistakes, helping you to get to your destination quicker’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
Facebook
YouTube.
