Building A Robust Property Business with Saam Lowni

In this episode, Paul talks to Saam Lowni a highly successful property entrepreneur who now specialises in providing innovative property finance solutions for investors and developers. Saam has been passionate about property from a very young age, so much so that he worked on building sites, with developers and in real estate offices, sometimes for free, to learn as much as he could.
He and Paul discuss his journey, including weathering the 2008 financial crisis and switching from development to becoming a finance broker. They also discuss high yielding income producing assets, making a profit in a tight market and financing options.

KEY TAKEAWAYS

• The property market is cyclical, it regularly goes from boom to bust. Sometimes the cycle is long, other times short. Build a robust business to weather the storms.
• Having high yielding income producing assets in your portfolio enables you to keep up with payments regardless of financial crisis.
• Property is a marathon, not a sprint.
• You have to evolve, spot the trends early and change promptly.
  Currently, developers cannot rely on house prices rising enough to cover issues and costs that they have not planned for.

BEST MOMENTS
“S**t like this can, does and will happen, it always has. Boom, bust happens.”
“If you don't have a high yielding, income producing asset, you are going to get caught out.”
“To be a developer, you need to know your local area and who the landowners are.”
“Finance is becoming much more of a problem.”
“A proper margin, in my opinion, is at least 20% of GDV.”

EPISODE RESOURCES
[e-mail]
https://www.facebook.com/saamlowni
https://www.linkedin.com/in/saamlowni
https://www.instagram.com/saamlowni

ABOUT THE HOST 
Paul Higgs is a Chartered Planning and Development Surveyor with 40+ years' experience in land, planning and development and a 100% success track record in winning planning consents.
Paul undertook his first refurb project when he was just 17 and then worked his way up from labouring on building sites to becoming Head of Land for renowned plc housebuilder, Barratt Developments. He managed to escape the corporate world in 2002 to set up what is now a multimillion-pound award-winning property development company, Millbank Group.
In 2013 Paul founded the Millbank Land Academy, the UK’s first training company dedicated to property development; to teach established and aspiring developers the insider secrets the big housebuilders don’t want you to know! 
Paul is also a founding investor and former board director of the industry-leading PropTech Co, LandTech, and has lectured on Advanced Development Valuations on the MSc Property Development at London South Bank University.
 
CONTACT METHOD
LinkedIn: https://www.linkedin.com/in/paul-higgs
Millbank Land Academy: https://www.millbanklandacademy.co.uk
Instagram - https://www.instagram.com/paulhiggsofficial
YouTube - https://www.youtube.com/@InsidePropertyDevelopment