Simon discusses property investment strategies with Ian and Laura Sheldrake, a couple who have successfully transitioned from traditional property ventures to more lucrative opportunities. As busy doctors with three young children, they share their journey of learning and growth through the Mastermind program, where they focused on the BRR (Buy, Refurbish, Refinance, Rent) strategy and HMOs (Houses in Multiple Occupation) to replace their income.
KEY TAKEAWAYS
- Investing in property education can significantly shorten the learning curve and help avoid costly mistakes. The experience gained from structured programs can lead to more effective strategies and better decision-making.
- Utilising other people's money and expertise can enhance investment opportunities. Transitioning from a homeowner mindset to an investor mindset allows for greater financial growth and collaboration.
- Adopting a modern method of auction with extended completion times provides security for both buyers and sellers. This approach allows for better planning and reduces the stress associated with traditional sales.
- Managing multiple projects simultaneously rather than completing one before starting another can accelerate growth. This strategy allows for more efficient use of time and resources, leading to increased cash flow.
BEST MOMENTS
"We recognised that there was an opportunity cost in that process... our time could be better used."
"The belief of what you're believing what you think can be achieved has been a huge change."
"I thought, well, that's very nice. But you know, I'm sensible. I'm not gonna be silly."
"We went into it with a homeowner mindset and we've come out of it with an investor mindset."
"It's just been a really enjoyable experience... we've both learnt a lot and grown a lot through the process."
VALUABLE RESOURCES
If you would like to achieve success like Laura and Ian, why not book a call with one of the pin Property Education Specialists. https://go.oncehub.com/StrategySettingSession
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 £25).
Contact and follow Simon here:
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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.
