5 Steps For Finding Better Deals

Simon outlines a straightforward five-step process to help you find and secure your next property deal. He explains the importance of identifying motivated sellers, who are more likely to be flexible on price and terms, and stresses the need to quickly run the numbers to determine if a property is a good investment before arranging a viewing. It's packed with practical advice for both novice and experienced property investors looking to enhance their strategies and achieve better results.

KEY TAKEAWAYS

Focus on identifying sellers who have a property-related problem and are motivated to sell. This can lead to better deals, such as discounts or flexible terms. Before investing time in viewings, quickly assess whether a property is a good investment by calculating cash flow and return on investment to ensure it meets personal investing criteria. Only arrange viewings for properties where the numbers work and the seller is motivated. This helps build rapport and allows for better negotiation opportunities. Always put in an offer for properties you view, even if the initial offer is rejected. This opens the door for negotiation and can lead to better terms. Recognise that a rejection does not mean a deal is off the table forever. Follow up regularly with sellers to maintain interest and potentially secure a deal later on.

BEST MOMENTS

"Step number one, we need to learn how to find motivated sellers. They're people who've got a property related problem."

"In just five minutes, we can work out what's the cash flow, what's the return on investment, and is this going to meet our personal investing criteria?"

"We want them to reject the first offer we make... we want them to counter offer to see if you can get anywhere close to the price you were suggesting."

"If you want to be a truly successful property investor, you need to recognise that actually, no doesn't mean no, never. It just means no, not now."

"Investing in property is not easy, but it's very straightforward, and this five-step process is gonna save you a huge amount of time."

VALUABLE RESOURCES

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.

Property Magic Podcast

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