Jason Patterson has been a property investor for over 20 years, specialising mainly in purchasing leasehold properties in North London.
He has a portfolio of around 30 properties worth a total of over £6million.
In this episode, we jump into the world of short-lease properties and lease extensions. Jason takes us pretty much through his step-by-step process of how he goes about these types of deals.
He shares an immense amount of value and knowledge in this sit-down.
In today's episode we discuss:
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How the lease extension model works.
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Jason's first deal.
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The importance of the 80-year mark on a lease.
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what length leases to go after and what lenders to use.
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The triple threat- 3 ways to add value to refinance your money back out of a deal.
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How to search for short lease deals
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How to extend the lease
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How to calculate the cost of the lease extension.
Enjoy
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*Disclaimer*
As always, the content in this episode is for informational and entertainment purposes only and are the views of the host and guests. This information is NOT financial advice. Please speak to a professional advisor and do your own due diligence when looking to invest in property and business.
