ABOUT NANA PIESIE
Nana Piesie is the joint owner of Miracle Properties Ltd. He is also the host of the Pengaflode podcast and a mentor for coal.liance (to help Afro-Swedes between 18-25). He is currently residing in Sweden with his wife and two kids and investing remotely in the UK. Nana loves traveling, macroeconomics, investment, networking, food, football & tennis.
THIS TOPIC IN A NUTSHELL
[01:15] Nana’s career background
[02:15] How he got into investing in the UK
[04:21] Building the team remotely
[05:30] Differences in the US and UK market
[07:11] How they look for deals
[08:10] Owning a property as foreign investors
[09:31] Setting up a limited company (Special purpose vehicle)
[10:34] Escrow process of owning a property
[11:56] How they manage the business remotely
[14:02] Mortgage process in the UK
[19:14] Loan terms of deals they’ve done
[21:17] Interest rates on loan terms
[24:12] What is a Lease Option?
[25:33] Rent to Rent and Option to buy
[27:36] Importance of setting up a contract (Power of attorney)
[29:26] Typical houses in the UK
[29:58] Resolving exterior issues remotely
[33:00] His advice to 25-year-old self
[34:05] First Entrepreneurial endeavor
[34:35] Formal and Informal training that shaped his journey
[35:32] Biggest mistake and what he learned from it
[36:50] Best way to reach out to Nana
KEY QUOTES
[13:06] If we are doing renovations, we trust the builder, but we need to verify, so we got someone who goes in to check, pictures can look good you know, but the next person will tell the truth hopefully and that’s how we do our deals.
[33:03] Take more risks and try to explore, fail more in life so you can find your passion. I stick too long on being safe, I should have just gone my way.
[35:40] My biggest mistake is procrastinating too long on taking the leap of faith. The path to real estate has a lot of bumps and rides, and we’re still growing. Just imagine if I started doing it ten years ago, where we would have been today?
SUMMARY OF BUSINESS
Miracle Properties Ltd - We are UK real estate company that resides in Sweden doing all remotely. We have built up a great power team both off and online to help us scale and maintain our business. Furthermore, we provide great returns to our investors as well. We focus on high cash flowing and creative strategies.
ABOUT THE WESTSIDE INVESTORS NETWORK
The Westside Investors Network, is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.
The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host's AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.
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CONNECT WITH NANA:
Email: Nana@miraclepropertiesltd.com
Website: https://www.miraclepropertiesltd.com/
Socials:
LinkedIn: https://www.linkedin.com/company/miracle-properties-ltd/
Facebook: https://www.facebook.com/miraclepropertiesltd
Instagram: https://www.instagram.com/miracle_properties_ltd/
Youtube: https://www.youtube.com/channel/UCX47jkL2qUfzn59fsZwGo6w
CONNECT WITH US
For more information about investing with AJ and Chris:
· Uptown Syndication | https://www.uptownsyndication.com/
· LinkedIn | https://www.linkedin.com/company/71673294/admin/
For information on Portland Property Management:
· Uptown Properties | http://www.uptownpm.com
· Youtube | @UptownProperties
Westside Investors Network
· Website | https://www.westsideinvestorsnetwork.com/
· Twitter | https://twitter.com/WIN_pdx
· Instagram | @westsideinvestorsnetwork
· LinkedIn | https://www.linkedin.com/groups/13949165/
· Facebook |
