Property Magic Podcast
Simon Zutshi
Welcome to the Property Magic podcast.
In this podcast, Simon Zutshi will deep dive into the property investment strategies and investor mindset from his book, Property Magic. Simon will also share Real Estate Investing hints, tips and tricks, which he normally only shares on his Property Mastermind Mentorship.
Introducing your Host, Simon Zutshi. Property investing since 1995, financially independent at the age of 32, Author of Best Seller “Property Magic” and Founder of the property investors network (pin), the original and largest network
Invest with Knowledge, Invest with skill
Contact and follow Simon here:
Facebook: http://www.facebook.com/OfficialSimonZutshi
LindkedIn:https://www.linkedin.com/in/simonzutshi/
YouTube: https://www.youtube.com/SimonZutshiOfficial
Twitter: https://twitter.com/simonzutshi
Instagram: https://www.instagram.com/simonzutshi/
Categories: Business
Listen to the last episode:
Simon delves into the topic of Houses of Multiple Occupation (HMOs) and highlights the five big mistakes people often make when dealing with HMO properties. He demystifies HMOs and provide valuable insights on how to avoid costly errors as well as emphasising that HMOs can be a lucrative investment strategy, capable of replacing income in a relatively short period. By debunking common misconceptions, such as the assumption that HMOs are only for experienced investors or that they require substantial upfront capital, Simon encourages listeners to explore the potential of HMO properties.
KEY TAKEAWAYS
- There are various types of tenants for HMO properties, including young professionals, working individuals, and those on benefits. Understanding this can help in maximising the potential of HMO investments.
- While HMOs are considered more advanced, beginners can also venture into this strategy with proper knowledge and guidance. It's essential to focus on the potential profitability rather than solely on experience.
- Contrary to popular belief, substantial personal funds are not always necessary for HMO investments. Options like private loans, joint ventures, rent to rent, and purchase options can be utilised to finance HMO projects effectively.
- Instead of competing on price, focusing on providing high-end, co-living HMO properties can attract better tenants, higher rents, and longer tenancies. This approach can lead to increased profitability and reduced void periods.
- Many individuals hold back from investing in HMOs due to lack of knowledge or misconceptions. By gaining the necessary training and understanding the strategies involved, one can unlock the potential of HMO investments and achieve significant financial gains.
BEST MOMENTS
"HMOs, Houses of Multiple Occupation, is probably one of the fastest strategies for you to replace your income."
"I think a lot of people are put off doing HMOs because they don't really understand them."
"The only way you should do that, in my opinion, which is what many of my students do, is they take an HMO, they rent it to a charity who specialises in supporting people who have special needs."
"I wouldn't say they're easy, because easy suggests there's no effort. There's definitely time and effort required."
VALUABLE RESOURCES
To access the online training from Simon about HMOs register here: https://www.hmomasterclass.co.uk/
To attend your first pin meeting as Simon's guest visit http://www.pinmeeting.co.uk/, find your local meeting, and at the bottom of the page where you normally pay £20, click on where is says "pay with a voucher code" and use this code: PODCAST. This will by pass the payment page and you can attend your first pin meeting for free.
Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi
Find out about the Global PIN Meetings at www.globalpinmeeting.com
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).
Register at Mindset For Property at - www.mindsetforproperty.co.uk
Contact and follow Simon here:
Facebook: http://www.facebook.com/OfficialSimonZutshi
LinkedIn: https://www.linkedin.com/in/simonzutshi/
YouTube: https://www.youtube.com/SimonZutshiOfficial
Twitter: https://twitter.com/simonzutshi
Instagram: https://www.instagram.com/simonzutshi/
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.
Previous episodes
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239 - The 5 HMO Mistakes To Avoid Mon, 22 Apr 2024
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238 - Don't Buy In Property Hotspots Mon, 15 Apr 2024
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237 - Should You Buy with Cash or Mortgages? Mon, 08 Apr 2024
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236 - How To Reduce Your Property Tax Mon, 01 Apr 2024
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235 - Bank Of England Interest Rate Update Tue, 26 Mar 2024
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234 - Cost Mindset vs Value Mindset Tue, 19 Mar 2024
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233 - Long Term View vs Short Term Thinking Tue, 12 Mar 2024
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232 - The No Mortgage - No Deposit Strategy Tue, 05 Mar 2024
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231 - What I Would Do If I Was Starting Now Tue, 27 Feb 2024
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230 - How To Sell Property For More Money In A Buyer's Market Tue, 20 Feb 2024
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229 - How To Get Onto The Property Ladder Without A Mortgage Tue, 13 Feb 2024
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228 - How A Property Coach Can Accelerate Your Success Tue, 06 Feb 2024
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227 - Jump Up The Property Learning Curve Tue, 30 Jan 2024
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226 - How To Get Out Of Your Own Way Tue, 23 Jan 2024
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225 - Interest Rates Slashed Tue, 16 Jan 2024
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224 - Ethical Win-Win Property Investing Tue, 09 Jan 2024
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223 - Goal Setting Advice To Make This Your Best Year Yet Tue, 02 Jan 2024
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222 - Achieve More In '24 Tue, 26 Dec 2023
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221 - Are Property Prices On The Rise Again? Tue, 19 Dec 2023
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220 - How To Find Cash Investors Tue, 12 Dec 2023
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219 - The Best Time To Find Great Deals In Your Area Tue, 05 Dec 2023
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218 - Autumn Statement 2023 Tue, 28 Nov 2023
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217 - Our Best Black Friday Offer Tue, 21 Nov 2023
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216 - New Leasehold Property Law Tue, 14 Nov 2023
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215 - Deal Finding Software To Save You Time Tue, 07 Nov 2023
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214 - 5 Steps To Starting And Scaling Your Property Business Tue, 31 Oct 2023
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213 - HMRC Issues Warning To Landlords Mon, 23 Oct 2023
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212 - The Housing Shortage Crisis Mon, 16 Oct 2023
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211 - How To Be A More Successful Investor Mon, 09 Oct 2023
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210 - Top 10 Lessons from Property Magic Live 2023 Mon, 02 Oct 2023
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209 - How To 10x Your Results Mon, 25 Sep 2023
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208 - How You Can Profit Using Lease Options Mon, 18 Sep 2023
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207 - Your First Investment Property Mon, 11 Sep 2023
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206 - How To Make Better Decisions Mon, 04 Sep 2023
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205 - Comparing Rent to Rent and Purchase Lease Options- Which Strategy is Right for You? Mon, 28 Aug 2023
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204 - Property Magic Live 2023 Mon, 21 Aug 2023
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203 - Houses vs Apartments - Which Is The Best Investment? Mon, 14 Aug 2023
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202 - Interest Rate Crisis - Update August 2023 Mon, 07 Aug 2023
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201 - 200th Anniversary Edition - Is Now A Good Time To Invest In Property Mon, 31 Jul 2023
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200 - The ApartHotel Strategy Mon, 24 Jul 2023
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199 - How To Win A Fully Paid Scholarship On The Property Mastermind Mon, 17 Jul 2023
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198 - How To Scale Your Property Business Mon, 10 Jul 2023
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197 - Your Financial Independence Day Mon, 03 Jul 2023
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196 - Interest Rate Crisis Update June 2023 Mon, 26 Jun 2023
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195 - Raising Financial Awareness For Young Adults Mon, 19 Jun 2023
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194 - Why Are Landlords Selling Up In 2023? Mon, 12 Jun 2023
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193 - Renter Reform Bill - Shocking news for Landlords Mon, 05 Jun 2023
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192 - HMO Myths - Part 2 Mon, 29 May 2023
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191 - 100% Mortgages - Are They Good Or Bad? Mon, 22 May 2023
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190 - HMOs vs SA - Which Is Best? Mon, 15 May 2023