Shaz shares great tips on exactly what you need to do to get a project that has potential, with numbers that stack up.
When you have sourced a good deal make sure you have a funding source and a good contractor to make sure things run smoothly and always be prepared to walk away from a deal that doesn’t stack up, use these top tips as a starting point and your projects will be ones where there is great potential and successful outcomes.
KEY TAKEAWAYS
Sourcing a good deal is vital, learn from others about what to do and not to do
Have good sourcing agents
Can you add value to the property? What can you do to maximise space because this is where the money is
Think about the different sources of funding and what will work for you.
You need a good contractor and due diligence is vital
Make sure the deal stacks up and works out on paper with good margins
If the numbers don’t work walk away from the deal
BEST MOMENTS
‘If you don’t get a good deal you are snookered from the start’
‘Can you extend forwards, backwards, upwards or downwards?’
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.
