In this episode, Alex & Pooh discuss some of the misconceptions surrounding getting startedwith property development. Including the fact that even if you decide to enter the marketusing the rent-to-rent model you will still need to make a significant upfront investment,which with the current levels of competition is also going to be quite risky. They then outlinea way to make money out of property that requires hardly any of the upfront investment orrisk – lead generation.
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KEY TAKEAWAYS
Owning property is still a good way to make money and pass something onto yourkids, but it is far from the only way to make cash from property.
Typically, the rent-to-rent model costs circa £8,000 upfront.
Lead generation requires hardly any up-front costs yet still offers you a way to earn asubstantial income.
Once you know what you are doing, lead generation is a low stress way to earn aliving.
If you are doing lead generation, be realistic. As with any thing you are new to it willtake time to learn and get your first lead, but from there you will typically gainmomentum.
No matter how mature your lead generation business is, there will be times whenbookings are slow, at which point you will need to work harder and innovate.
Operating ethically is essential if you want to be successful. Both hosts and clientsneed to know they can trust you. If they have any doubts, they will quickly goelsewhere.
You need to be prepared to do your due diligence.
BEST MOMENTS“There are things you can do with property to start generating really good cash flow andincome to replace your job or salary, without needing much money upfront.”“People still say - rent to rent is the right way to get into property if you don't have anymoney, which simply isn't true.”
“I’ve seen it too often where people spend the money thats not theirs first…then have torefund it back to the client.”“We are always 100% transparent with all with of our partners.”“We're not trying to squeeze everybody to death, that’s unethical, but we’re trying to makesure that everybody wins so we can keep repeating the business again and again.”LINKSFREE Airbnb Blueprint Coaching Community -https://www.facebook.com/groups/2342454789487705
HOST BIOSAlex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years. -This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle bydesign.’Pooh chose to escape the corporate life as an electrical engineer instead to spend his timeat home with his young and growing family, and Alex likes to spend most of his time in sunnySpain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/