- If you wanna learn how to invest in property,
I believe that there's 10 key skills
you need to master.
And skill number five is
to become laser focused on your strategy.
And so what should your strategy be?
(easy theme 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,
so they can become financially free.
And then, if they wish,
they can give up their day job,
and go and live a more fulfilling life
doing something that they're
really passionate about.
If this is your first time here,
be sure to subscribe to the channel,
and click that notification icon,
so that you don't miss out on any
of the free content that I give you,
each and every week.
So if you're just starting out,
I really do appreciate it can
be daunting trying to work out
which is the best strategy to follow,
because there are so many different ways
to make money in property.
But the problem is that there are lots
different factors that you should really
be considering when choosing,
which is the best strategy for you.
What's the situation with regards
to your available funds?
Are you mortgageable?
If you're not, that's not necessarily a problem.
Just need to be aware of it.
What's your personality type?
Are you a people person?
Are you far more happier sitting in front
of a spreadsheet, for example?
Are you looking for capital growth,
cash flow or maybe a little bit of both?
What's the supply and demand like
in the area that you're looking to invest in?
Plus a load of other factors, as well.
However by far the biggest factor
is usually gonna be the amount of time
and the amount of cash,
that you can dedicate
to your property investing journey.
And so I wanna share with you some strategies
at a very high level that are geared around,
the amount of cash or the amount of time
that you have available.
However again, I reiterate this is
a very high level overview
of quite a lot of different strategies,
just to start you thinking about
which is the best strategy for you.
Okay, so if you're time rich and cash poor,
rent to rent is a great place to start.
The truth is lots of property investors
start out this way and can replace your
income really quite quickly,
and you don't need lots of money to get started.
Deal sourcing and agent commission.
Using the power of lease options
to control properties rather than buying them.
Delay completion or a strategy
that I call part now.
Vendor financing.
Using assisted sales.
Or indeed any strategy using other people's money
to fund the deals.
And then you have those people
that are time poor and cash rich.
So, for example, if you're working full time,
a lot of hours, but you've actually
got some money in the bank
that you can invest in property.
BLAS as a strategy is a great place to start.
Freehold to leasehold.
Paying finders fees to sources
so that they find you really great deals.
Joint venturing with developers,
where you maybe fund part or all of the deal,
and then split the profits,
both the cash flow and the growth,
I would suggest, with the developer.
Loaning funds to investors for a fixed return.
But if this is something that interests you,
please, please, please do due diligence,
a lot of it,
both on the developer,
but also on the deal itself.
There's no excuse here.
You need to understand whether
that deal stacks or not.
And I would suggest, you're looking
for at least two clearly defined exit strategies.
And I personally would always wanna have
my money secured against something,
so that if it did go pear-shaped,
I can get my money out.
Sadly I know of all too many horror stories
in this regards.
You then have those lucky people
that are both time rich and cash rich.
For these people, bigger developments
are obviously gonna be attractive.
A strategy that I call added value.
Commercial to residential.
Serviced accommodation.
Another strategy that I call
pulse investing is fantastic.
HMOs, but in particular,
bigger HMOs can be brilliant.
Or indeed any strategy.
But if you don't have time
and you don't have cash,
can I suggest being really honest with you here,
that what you're doing now,
it simply isn't working.
And you've gotta make some real changes.
Some fundamental changes
to what you're doing now.
I would personally suggest you focus
quite heavily on your education.
As I've said many times,
start with free education.
There's tonnes of it out there.
Do some research.
Learn how in particular
to find really great deals.
Because this could be a way
to start building up your pot of investible funds
As an example, I once paid
a sourcer 10,000 pounds,
for a deal that they found
and they put in front of me.
And frankly, it was a fantastic deal
and I would that again and again and again,
for the same deal.
So maybe start there.
There's 15 different video lessons specifically
on strategy in my online property master class,
and so if you'd like to book
a ten minute phone call with me
to find out how this course could work for you,
simply click on the link here.
Or if there's nothing there,
there'll be a link below.
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