Simon examines the importance of creative thinking in property investment, positioning property investors as problem solvers. He illustrates how understanding the true motivations of sellers can lead to innovative solutions that benefit both parties, and why we should adopt a broader perspective when approaching property deals, exploring various strategies to achieve win-win outcomes.
KEY TAKEAWAYS
- Property investors should approach their role as entrepreneurs and problem solvers, focusing on understanding the true needs and motivations of property sellers to find innovative solutions.
- Instead of selling a property to access funds for new deals, investors can consider options like remortgaging or finding joint venture partners to leverage existing equity without losing ownership.
- It's crucial to ask questions and listen to sellers to uncover their underlying problems and goals, which can lead to mutually beneficial solutions that satisfy both parties.
- By providing value to sellers and addressing their needs, investors can create scenarios where both parties benefit, leading to successful property transactions.
- Engaging with case studies and learning from others in the field can enhance creative thinking and problem-solving skills, enabling investors to identify more opportunities in the property market.
BEST MOMENTS
"An entrepreneur spots a problem in the market, they come up with a solution that people are prepared to pay for."
"When we find a seller who wants to sell a property, we need to understand what are they actually trying to achieve?"
"If you give the other person what they want, they're more likely to give you what you want."
"It's all about thinking what's the end game I want to achieve and what are the different ways, what are the different creative strategies I can use to get to that end point."
VALUABLE RESOURCES
If you want to learn more about how to use other people's money to invest in property, register for this online training with Simon:
https://property.isrefer.com/go/MTG/PodcastA/
To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).
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Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.
Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.
Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.
Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.
Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.
