Are You After Bricks & Mortars OR The Benefits That Comes With It?

In this episode, Alex & Pooh discuss some of the misconceptions surrounding getting started with property development. Including the fact that even if you decide to enter the market using 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 outline a way to make money out of property that requires hardly any of the upfront investment or risk – lead generation.

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KEY TAKEAWAYS

• Owning property is still a good way to make money and pass something onto your kids, 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 a substantial income.
• Once you know what you are doing, lead generation is a low stress way to earn a living.
• If you are doing lead generation, be realistic. As with any thing you are new to it will take time to learn and get your first lead, but from there you will typically gain momentum.
• No matter how mature your lead generation business is, there will be times when bookings 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 clients need to know they can trust you. If they have any doubts, they will quickly go elsewhere.
• 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 and income 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 any money, which simply isn't true.”

“I’ve seen it too often where people spend the money thats not theirs first…then have to refund 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 make sure that everybody wins so we can keep repeating the business again and again.” LINKS FREE Airbnb Blueprint Coaching Community - https://www.facebook.com/groups/2342454789487705

HOST BIOS Alex & 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 by design.’ Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain 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/