Business
David is with Violet Harrison who has extensive expertise in both property and interior design. They talk about Violet’s passion for deal packaging and her experiences as the deal packaging space has evolved. There have been many changes as deal packaging has moved forward from the requirements to be compliant, to the ‘gentleman’s agreement’ being replaced by the terms and conditions that are now a standard part of the process when working with investors. Violet shares great advice on what’s really important for professional deal packagers and some great tips on building great relationships with people. KEY TAKEAWAYS BMI is something that if you work at it will work for you but if you don’t put the effort in nothing is going to work. People make a decision about a property in the first few minutes. You never know everything there is always more to learn. You have to be compliant if you want to deal package successfully. It’s a numbers game and you have to look at a lot of properties to find good deals at the moment. 1 in 3 deals collapses so it’s worth revisiting properties that you lost previously. It’s a hot market currently so you need to work intensively to ensure you have the right properties for your investors. When you begin to work with a potential investor there are steps that help to qualify how serious they are. It’s important to build your network and relationships because deal packaging is about people. BEST MOMENTS ‘I flipped the first property accidentally and everything has grown from there’ ‘I love what I do and will be deal packaging forever’ ‘I had a huge network and this was critical’ VALUABLE RESOURCES Property Sourcing Profits Podcast https://www.progressiveproperty.co.uk/ https://unlimited-success.co.uk/ https://www.facebook.com/groups/progressivepropertycommunity/ ABOUT THE HOST David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004. In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained. The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours. CONTACT METHOD https://www.linkedin.com/in/david-siegler-7b126316/ https://www.facebook.com/DavidSieglerInvestments/