Expat Property Story

• Don't Know Who to Trust in UK Property?

  #215As a remote investor in UK property, chances are you can't easily visit people you’re thinking of working with. This means that you have to depend entirely on UK-based partners for everything from sourcing to refurbs to management. When things go wrong, fixing them from thousands of miles away  is way more challenging, stressful and potentially more expensive than for those investing closer to home.And while local investors can more easily verify claims, inspect properties, and spot red flags, even they need to understand the concept of trust in all its components, characteristics and complexities. In this episode, we’ve assembled some of the finest minds in UK property to help you get to grips with perhaps the most important topic in property. And by the end of the episode, hopefully you’ll have a better understanding of why to trust , what to trust, when to trust, who to trust AND how to trust.This episode features contributions from:Rod TurnerAkhil PatelAlicia BarlowJulian MauriceDamian HughesMichael CheekRob DixJim PittmanRichard BrownAdam LawrenceSean the Property Tax AccountantDean PropSourcerStuart BallDan PatientManaging Risk Part 1 & Part 2We discuss:The connection between trust and riskCharles H. Green'sTrust EquationCredibility / Reliability / Intimacy / Self-orientation (negative virtue)Recap of "300K lost in a joint venture deal" (Episode 17)Meeting partners in person, especially for sizable investmentsIncremental relationship building Pitfalls of ReviewsIssues with online review sites such as Trustpilot:Trust But Verify: Due Diligence and Double-CheckingStrategies to Reduce Risk and Test TrustworthinessEarly Detection of Poor PartnershipsParallel Partners to Maintain LeverageCrumb MethodDue Diligence: on Companies HouseProperty SourcersTh

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  41:56
• The Secret Formula to making £6.5 Million in 4 Years

  #214Is it really possible to make that much money in such a relatively short space of time? It can definitely be done, but to do it like this week’s guest, Oliver Adams, you’ll need knowledge, experience as well as the right mindset. And you’ll have to work like a Trojan.And, if you listen till the end, you’ll see how things can really unravel when misfortunes and disasters compound.You won't want to miss this one!In the episode, we discuss:Details on first property trade Balancing profitable, break-even, and loss-making dealsHandling periods of higher loss ratiosA typical dealSeller motivationsPricing negotiations based on quick cash offers and the seller’s emotional stateProcess from Acquisition to SaleHands-on approach: self-performing initial property clear-outs, cleaning & minor maintenanceGradual shift to contracting out more tasks to save time Sales Strategy/Auction TacticsPreference for quick 2-week completions: smaller profits for faster capital recyclingLow reserve prices to stimulate interestTrade-offs between profit maximization and deal volumeValuation Approach and Market AnalysisEIG (Essential Information Group) and RightmoveStrict eight-week cycle for turnoverOpinion on limited value of dataAuction outcome variation On-market Vs off-market / Seller psychologyDeal Sourcing StrategiesMindsetThe shift from hands-on control to leveraging contractors for efficiency and global flexibilityRecommendations for expats or remote investors: Recovering / Learning from FailureExample of a high-loss deal: compounding misfortunesThe emotional and strategic process of recovery: analyzing what went wrong, learning (e.g., construction type, local sentiment), and mentally moving onThe psychological need to keep trading and not let losses inhibit future risk-taking I'd Like Help With Setting My GoalsLeave an honest review of Expat Property StoryJoin our Mailing List to join our WhatsApp  group AND access our 37 Question Due Diligence Checklist AND our 23 Step Guide to Buying Property at Auction AND our  NewsletterFollow Us on InstagramWhat's the one thing you’re struggling with in UK propertyWhere to meet Expat Property Investors (For FREE):Hong Kong: Pacific Coffee, 2/F, Central Building, Central (1st Sat of month from 11:30 am)Dubai: Holiday Inn, Science Park (1st Weds of month from 7pm)Singapore: The Providore VivoCity (1st Sat of month  from 10:30 am)Keywordsvolume property trading, UK property auctions, remote property investing, expat property investment, property flipping, property sourcers, off-market deals, auction reserve prices, risk management in property, mindset for investors, property refurbishments, bridging finance, property trading companies, stamp duty exemptions, due diligence, market value assessment, property profit margins, loss recovery strategies, seller sentiment, auction completion times, portfolio growth, subcontracting property work, property clearance, motivated sellers, non-standard construction, auction buyer psychology, sourcing property leads, estate agent valuations, property trading business model

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  54:26
• Can't Decide Between Single Lets & HMOs?

  #213In this episode, we look at seven reasons why you might want to pick Houses of Multiple Occupancy (HMOs), and seven reasons why you might choose Standard Buy to Lets as your strategy.By the end of the episode, you can come to your own conclusion as to which is best for you.Reasons to Choose HMOsHigher YieldsMain reason for choosing HMOsPotential income comparison with Single LetsDemandSupply vs. demand in the HMO marketFactors contributing to demand: rising property prices, energy costs, population changesNiche OpportunitiesTarget tenant types: students, professionals, medical students, etc.Social housing and supported living HMOsReplacing Your IncomeMotivations for choosing HMOs over secure jobsFinancial aspirations and goalsReducing Risk of VoidsComparison of void risks between HMOs and Single LetsCommercial ValuationsExplanation of valuation differences between residential and commercialImportance of working with knowledgeable brokersCash FlowImportance of cash flow in real estate investmentsReasons to Choose Single LetsSimplicityEasier management and less conflictSimpler tenant managementBroader market for selling propertiesGood for BeginnersLess stress and complexity for first-time investorsLower RiskRisks associated with HMOs compared to Single LetsFinanceLower lending costsManagement costs and property maintenanceTime EfficiencyLess time needed for buying, refurbishing, and tenant managementLess Market VolatilityFewer fluctuations affecting Single LetsCapital GrowthCharacteristics of properties that appreciate over timeI'd Like Help With Setting My GoalsLeave an honest review of Expat Property StoryJoin our Mailing List to join our WhatsApp  group AND access our 37 Question Due Diligence Checklist AND our 23 Step Guide to Buying Property at Auction AND our  NewsletterFollow Us on InstagramWhat's the one thing you’re struggling with in UK propertyWhere to meet Expat Property Investors (For FREE):Hong Kong: Pacific Coffee, 2/F, Central Building, Central (1st Sat of month from 11:30 am)Dubai: Holiday Inn, Science Park (1st Weds of month from 7pm)Singapore: The Providore VivoCity (1st Sat of month  from 10:30 am)KeywordsSingle Lets, HMOs, UK property investment, remote investor, higher yields, property strategy, rental income, demand and supply, housing market, property investor, rental properties, English Housing Survey, property prices, single tenant, property management, cash flow, income replacement, market volatility, capital growth, property finance, risk management, real estate investment, property appreciation, UK housing ladder, residential property, commercial valuation, property portfolio, remote property management, buy to let.

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  26:51
• The Secret To Reviewing Auction Legal Packs

  #212Have you bought or thought about buying a UK property at auction? Maybe you’re put off because you don’t know your way around a legal pack? Or you don’t trust yourself to spot outrageous hidden fees.Or you’re just reluctant to pay a solicitor hundreds of pounds to review a deal that you might not even buy.In this episode, we present an alternative solution.Jade Shrubsole has made it her mission to increase transparency in the auctions and is set to revolutionise the space with her new company Docuwise.Docuwise is AI for reviewing auction legal packs.In the episode, we discuss:·       Difficulties in understanding legal packs·       Concerns about hidden fees by sellers·       The evolution of auction services / software·       Docuwise as an AI tool for summarizing complex legal documents·       Transparency in auction transactions·       How DocuWise integrates with EIG’s Auction Passport service·       The benefits for auctioneers·       Solicitors' workload and high costs affecting auction transactions·       Examples of auction pitfalls due to unread legal packs·       The capability of handling complex documents like commercial leases·       Bulk purchase options for regular auction buyers·       Importance of the DocuWise button as a signal for transparency·       Examples of how DocuWise has highlighted hidden fees·       Real-life use cases showing DocuWise's impact on auction transparencyI'd Like Help With Setting My GoalsLeave an honest review of Expat Property StoryJoin our Mailing List to join our WhatsApp  group AND access our 37 Question Due Diligence Checklist AND our 23 Step Guide to Buying Property at Auction AND our  NewsletterFollow Us on InstagramWhat's the one thing you’re struggling with in UK propertyWhere to meet Expat Property Investors (For FREE):Hong Kong: Pacific Coffee, 2/F, Central Building, Central (1st Sat of month from 11:30 am)Dubai: Holiday Inn, Science Park (1st Weds of month from 7pm)Singapore: The Providore VivoCity (1st Sat of month  from 10:30 am)KeywordsExpat UK property investment, Buying UK property remotely, UK property auctions, Legal packs for UK property, DocuWise auction review, Remote UK real estate investment, UK property for expats, AI for property auctions, UK property legal document review, Investing in UK property from abroad, UK property auction tip, Hidden fees in property auctions, Reviewing UK auction packs, Digital nomad UK property investment, Expat property buying guide, UK property investment challenges, Exploring UK property auctions, Streamlining UK auction purchases, UK auction legal packs, UK expat property podcast, Buying UK property at auction, Transparency in property auctions, UK property auction solutions, Efficient property research, Avoiding surprises in auctions, UK real estate for digital nomads, Auction property investment, Auction detective skills, Expat buying property UK, Remote auction property purchase

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  31:43
• How to Buy, Refurbish & Refinance With Speed and Efficiency

  #211This week, we show you how to buy, refurbish and refinance with speed and efficiency.   Kirsty and Gary from Ormad Properties have been buying mostly two or three bed terraced houses in and around Leeds. They both had a property each when they first met and soon bought a third one together in 2014. But in 2020, they decided to scale their portfolio which now contains 23 properties, 20 of which are single lets and three Serviced Accommodation. Their business model relies on volume. They aim at turning projects around  in around 8 to 10 weeks in order to recycle as much of their funds as possible. During the episode, we discuss:o   Importance of time and efficiency in property investment.o   Their focus on low risk, volume, and quick project turnaround.o   Importance of having a plan before property acquisition.o   Lining up tradespeople and efficient scheduling.o   Building relationships with tradespeople.o   Importance of reliable and communicative trades over cost.o   Importance of understanding property photos beyond decor.o   Using Google Street View as a tool for checking property and area details.o   Assessing property condition from photos o   Internal Property Inspection Tipso   Key factors to inspect internally, particularly structural and utility aspects.o   Signs of necessary repairs, especially electrical and plumbing.o   Modernizing kitchens and bathrooms as part of a cost-effective renovation.o   The balance between speed and quality in project completion.o   Utilizing past project data to inform budget and timeline for new projects.o   Advantages of buying properties at auctions for speed.o   Strategic approach to bidding at auctions.o   Pre-auction and post-auction buying techniques.o   Discussion on the refinancing process and common delays.o   Importance of starting refinancing before project completion.o   Decision factors for choosing lenders and mortgage brokers.o   The criteria Kirsty and Gary use to determine a good deal.I'd Like Help With Setting My GoalsLeave an honest review of Expat Property StoryJoin our Mailing List to join our WhatsApp  group AND access our 37 Question Due Diligence Checklist AND our 23 Step Guide to Buying Property at Auction AND our  NewsletterFollow Us on InstagramWhat's the one thing you’re struggling with in UK propertyWhere to meet Expat Property Investors (For FREE):Hong Kong: Pacific Coffee, 2/F, Central Building, Central (1st Sat of month from 11:30 am)Dubai: Holiday Inn, Science Park (1st Weds of month from 7pm)Singapore: The Providore VivoCity (1st Sat of month  from 10:30 am)KeywordsBuy refurbish refinance, BRR projects, Property investment, Remote investors, UK property, Single lets, Serviced accommodation, Property portfolio, Refinance process, Project management, Bridging finance, Auction properties, Trade team, Renovation efficiency, Property valuation, Tenant agreements, Mortgage broker, Crime rates, Google Street View, Property photos, Renovation costs, Project timeline, Rental income, Tenant screening, Property surveys, EICR certification, Pla

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  40:52

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