In this episode, Rob sits down for an in-depth conversation with John – The Expat Property Guy who is based in Asia but still invests in UK property. He and Rob discuss the ins and outs of financing a property. They discuss using angel investors, joint venture partners, friends, and family. As well as the ins and outs of drawing up a contract, working out when to repay an investor, how to find investors and much more.
KEY TAKEAWAYS
Most property investors need to look for finance, at some stage.
People collaborate with you because they like you.
It is safer to draw up formal contracts.
Cash enables you to act quickly.
Using cash enables you to buy properties others cannot consider buying.
In the current economic climate, you must be incredibly careful when using the BRR model. Rob explains why in the podcast.
You have got to find out what is important to your investor.
Always have your eyes open, you never know what is going to fall in your lap.
BEST MOMENTS
‘Property investors usually run out of their own money at some stage and then they look for private finance.’
‘Investors need to know how they are going to get their money back.’
‘You need to have an idea of what's happening at a macro level.’
‘We always prefer to have the finance lined up, then go and hunt down a deal.’
ABOUT THE HOST
Rob Smallbone, the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
BOOKS
Buy To Let: How to Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
Property FAQs = https://amzn.to/3MWfcL4
WEBSITE
www.tpnpodcast.com
SHOP
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PODCAST
The Property Nomads Podcast:
I-Tunes = apple.co/3bHNn5G
Stitcher = bit.ly/3cFQVqe
Spotify = spoti.fi/2XaZliP
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
