- Today, let me share 15 slightly unusual tasks
that you can accomplish in the next week
to help you move your property business forwards.
(bright music)
Hi, my name's Tony Law from Your First Four Houses
and I teach people how to build a small property portfolio
that generates a great income for them,
so they can get out of their day job, if they wish
because they're now financially free.
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be sure to subscribe to the channel
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that I give you each and every week.
So this video is all about taking shake loads of action
'cause that's the only way
you're ever going to achieve any results,
we all know that, so I want to give you 15 tasks
that you could potentially accomplish in the next seven days
to drive your property business forwards.
I'm not suggesting you do all of them,
but I would love it if you could start
to take off some of these.
We got a lot to get through, so let's dive straight in.
The first one is to brainstorm your trading name
'cause I think this is really important.
Now I'm not suggesting that you trade as a business,
you need to speak to an accountant about that,
but I think to have a name kind of grounds you,
it kind of anchors you and puts you out there
so that when you're dealing with estate agents,
letting agents or whatever,
they can see that you're trading as a professional person.
Number two is to design your logo.
I really do think you need one of these.
There's loads of places that you can go out and do this.
Fiverr is a great place to start.
You wouldn't necessarily pay five pounds or $5.
You might pay 20-30 pounds, something like that,
but there's some fantastic graphic designers on there.
Also, check out Design Crowd.
Number three is to attend an auction
and prepare to bid as if you're gonna buy a property there.
Why would you want to do that?
Well, you know what, you should be going to auctions.
You really should.
There are auctions all around you.
You should be attending.
But very importantly, you need to check out
and do some due diligence on some of the properties
that are going through that auction
and prepare as if you're about to bid.
Honestly, that's the best way to learn
and very importantly, follow-up after in a few months down
the line to see what actually happened with that property.
And low and behold, no property seller auction.
You need to jump on those.
You need to connect with that seller
and see if you can create some kind of a win-win deal.
Order your business cards.
If you haven't got them, you need to do this today.
I talk about business cards a lot,
but honestly, if you haven't got business cards,
you're really missing the trick.
It's a fantastic opportunity to put
what you do in front of potential investors.
What you do in front a potential sources.
Honestly, you need to get business cards.
No excuses, go and get them done today.
Calculate the return on investment on 10 random properties.
Now I know I talk about return on investment an awful lot,
but you do need to understand how to calculate this
and if you want to check out this video here,
it will show you exactly how to do this calculation,
but go and choose 10 random properties
that are on right move right now
and go and calculate as accurately as you can do
what that return the investment is gonna be.
It's a fantastic thing to practise
and obviously, when you're actually starting to go out there
and look at genuine deals,
you'll be in a far better position
to be out there evaluating which one is the best deal.
Work out your minimum to survive number.
Now I've actually produced something
called a financial freedom planner, again,
if you want to check out this link,
it will help you understand what that's all about,
but you do need to understand
what the minimum number is that you need
to bring in each month because that's the target
you need to hit in order to be financially free.
Book a coffee with someone who can help you move forwards.
Now when I say this, it could be a property investor
with cash waiting to invest, obviously.
It could be a property sourcer,
somebody who could potentially find you those deals
or just somebody who could help you
on your property journey.
Obviously, maybe a coach, maybe a mentor
or maybe just somebody that's in the same kind of place
that you're in and you can kind of help each other
and push each other forwards.
Speak to an accountant.
You really must do this.
You need to do this this week.
Honestly, you need to understand very clearly
whether you're trading as a business
or whether you're trading in your own name.
No excuses.
It will cost you a little bit of money,
not a lot, but you need to know this.
Go and book that call right now.
You need to walk your investment area and you need
to look for places to add genuine tangible value.
Now I did an entire mini course on this.
Again, you might want to check out this link,
which will run you through all of that.
But honestly, there are deals all around you.
I will say that there's a deal within a mile radius
of your area which is a fantastic opportunity for you.
You just haven't spotted it yet.
I would respectively suggest
because you haven't walked your area.
Write out a list of all the potential JV partners
that you know.
So sit down, take this seriously.
It might start with family.
It might start with friends,
but who do you know who might potentially
have a little bit of money sitting in the bank,
earning a pathetic return
who might really appreciate earning a far greater return
by maybe getting involved with a deal with you.
I'm not suggesting that you contact them right now,
but at least start to write out that list.
Attend a property networking event this week.
Honestly, there are so many wonderful people
that go into property network events.
I should know, I kind of ran Born with Pin for six years.
Pin is a great place to start.
There's also PPN and also loads
of other independent networking events out there,
places where you can find potential investors,
potential sourcers, but also build a little bit
of property based education as well.
Go and view three properties this week.
Now I mean actually walk through
the doors of those properties.
Now I appreciate that if you're maybe somebody
that's got no money to invest
and you really don't know where to start
and you're literally at the starting point
of this property journey,
that may seem like a little bit of a challenge,
but I would honestly encourage you
to go and see three properties anyway.
If you do so, you'll learn so much from the process
of kind of interacting with the estate agent,
hopefully speaking directly to the seller as well.
Honestly, if you find a fantastic deal,
there are loads of people around you
who could potentially fund that deal,
but you're not going to find it
unless you're going out and doing viewings.
Go and check your credit rating
and can I suggest you do that as soon as possible.
If you go and use Noddle.
I put the link in the subscription box below.
It's a completely free service
and it will tell you right now what your credit rating is.
If it's perfect, fantastic, move on.
But if there are a couple of issues,
see if you can dig in a little bit deeper
and find out what those issues are.
Maybe you can contact the person
that actually put the issue on there
and maybe you can rectify
there by boosting your credit rating,
which means you're going to potentially have access
to better mortgages and low interest rates.
Go and book an NLA Foundation course.
Honestly, you'll learn so much.
In fact, the NLA do lots of different types of courses.
You might want to check out one or two
of the others as well.
They give you really good core educational value
for not a lot of money.
I honestly think most people out there would really benefit
from doing that type of training.
Again, I put the link in the description box below
so you can find out a little bit more about that.
And lastly, why not book a strategy call with me.
I honestly think you'd find this helpful.
Having a clear understanding
at which is the best strategy for you
and having that understanding as early as possible
on your property journey
is obviously going to really help you to focus down
on only taking the right actions
and only completing the right tasks and in this way,
you're going to move forwards as quickly as possible.
I put together a 50 point checklist.
The ones you see all the different tasks that you need
to take before buying that next investment property.
Simply click the link here or in the description box below
to download your copy today.
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