Alex is with Mark Dearing, an experienced property developer who is also a Local Borough Councillor.
They discuss the differences between coaching and mentoring and why it’s important to understand where you are on the property ladder as a property developer and investor and where you want to be.
Anyone who is working in the property world will have many questions and Mark shares his passion, great advice and practical information about how to get it right in property and develop a successful portfolio.
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KEY TAKEAWAYS
Coaching and mentoring are very different. Coaching is about asking the right questions to support people and help them move forward. Mentoring is finding out what the problem is and guiding the mentee.
Within property there are many different strategies and it’s important to understand which strategy you are following.
There are some great strategies out there that don’t require a lot of your money but they do need your time.
Due diligence is the most important thing in property and it should include understanding about future developments.
A goldmine area is determined by the demand for what you are looking to do in property.
You need to do due diligence to ensure there is the type of tenant you are looking from in an area.
When looking to joint venture you need to find someone who is the opposite to you.
Successful outcomes for joint ventures are about people who bring different skillsets and expertise together.
You need to decide where you are on the property ladder where you want to go and then look at networking with groups that fit what you are trying to achieve.
Local authorities publish a list of properties that they are selling and this can be a way to source possible property.
BEST MOMENTS
‘A rent to rent is not a strategy it’s a way of acquiring a property. The strategy is paying a single let rent and then renting the rooms out individually’
‘Understand everything you need to do in a property purchase and be able to do it in the quickest time’
‘Networking is vital and updating and extending your knowledge continually is key’
VALUABLE RESOURCES
Business, Wealth and Mindset podcast series
Mark Dearing LinkedIn
ABOUT THE GUEST
Mark Dearing
I have been in property for 18 years now and experienced many up's and downs coming out every time. My portfolio consists of BTL & HMO properties. Previously I have sourced for investors, refurbished then flipped property, got planning gain and joint ventured in a “Freehold to leasehold” grade 2 listed building. Currently I am working in partnership on a commercial project to buy, develop and run Serviced Offices in Cambridge. I also work in partnership on a “Rent 2 Rent” business.
I stood for election in 2003 for the Local Borough Council and over the last 13 years I have had the pleasure to be on the Executive Committee. I have served on a variety of committees including planning and planning policy. This gives me a wealth of knowledge on how planning and building regulations work.
I started my property education with Simon Zuthshi’s first Property Mastermind course in 2007/08 and then went on to do his Graduate course every year until October 2018. Continuing my education with Dan Hill's Property Entrepreneurs course 2018 -19 and Rob Moore's Progressive Business Marketing Accelerator course 2019 - 20.
ABOUT THE HOST
Alex is a prize-winning chartered accountant with experience in financial markets from trading finance, capital hedging, structural foreign exchange and interest rates to operational risk from the world’s top financial and advisory institutions including Deloitte, RBS and JPMorgan Chase
Alex has been involved in property development programmes across different types since 2008, building and managing a portfolio that includes standard buy-to-lets, student accommodation and other houses in multiple occupancy (HMOs).
He specialises in raising finance, providing potential investors, investors and joint venture partners with ad hoc (to their specific requirements), hands-free and hassle-free property investments solutions as well as coaching and mentoring
Alex aspires to share business and financial knowledge with upcoming entrepreneurs and experienced business minds to learn and master the concepts and mindsets required to succeed, stand-out, have the edge and make a difference.
Alex is also a keen traveller, cyclist and photographer.
CONTACT METHOD
Facebook
https://www.facebook.com/alexsapalaofficial/
Twitter - @alex_sapala
https://twitter.com/alex_sapala
You Tube
https://www.youtube.com/channel/UCgZ1DCPGAu5c2yhOkfGZRSQ
