Shaz explains how no money down deals work and why it was a game-changer for him.
When you are working with other people’s money you must fulfil the promises you make and be good at communication but if you can do this it’s a strategy that can work brilliantly for everyone involved
Listen in and hear about both the prose and the cons from someone who has successfully used no money down multiple times.
KEY TAKEAWAYS
It has worked for me and once you have done it makes perfect sense
If you are short on money then leveraging someone else’s money is a great solution
You can be creative – you can look at a profit split with other parties involved in the deal
It gives you the opportunity to do lots of deals at the same time
You can scale quickly and work with different joint venture partners
With someone else’s money, you are more accountable and focused
If you have completed several deals you can easily attract more finance because you have a track record
There is always a risk when you are using other people’s money and you have to take responsibility for other people’s money
Start with less risky deals such as buy to let
Make sure the numbers stack up in any deal you are doing
No money down is about relationships and managing those relationships with other people
If you are not good with relationships a strategy of no money down will be challenging
Communication is key and you must keep the investor up to date with what’s going
BEST MOMENTS
‘No money down has been a complete game-changer for me’
‘Your first deal will be harder than the ones that come later’
‘Make sure you live up to the promises you make and do what you say you are going to do’
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
· LinkedIn
· Instagram
· YouTube.
