Business
Davis is discussing with Adrian Benjamin his breakthrough into deal sourcing and how social media has been the key to making it happen. Adrian shares his journey and how he has successfully reached out to developers and fosters successful relationships with his investors. Everyone needs to begin by researching and undertaking the right education to make sure they know how to get started and this episode is a great insight into how Adrian has successfully grown his business during challenging times. KEY TAKEAWAYS It’s important to build your network and continue to look for opportunities to expand it COVID has given me time to focus on the social media element of deal sourcing. It is important to make sure any video is professional in appearance. You have to get yourself out there and take action. It’s good to complete and put out a mix of lives and videos on social media. Getting your first investor will boost your confidence. Living in an area means you will have good local knowledge. Investors come from very different areas and its vital to understand what they want to achieve through investing in property. Foreign investors are looking for security, cash flow and return on investment. Areas change and good capital returns are possible on areas being developed. Working with developers gives me access to their power teams. I partner with a property management team who will help foreign investors to manage their properties. I want to get to know my investors and I work to build relationships with them. Use social media as much as you can, share your thoughts on anything you think might be interesting. BEST MOMENTS ‘I now have 5-6 developers on board with me’ ‘If you lack confidence then begin by writing down what you want to say’ ‘People see your passion and if your numbers check out you are able to quickly build credibility’ VALUABLE RESOURCES Property Sourcing Profits Podcast https://www.progressiveproperty.co.uk/ https://unlimited-success.co.uk/ https://www.facebook.com/groups/progressivepropertycommunity/ Kapwing website Benjamin & Cole Properties Benjamin & Cole Facebook 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/ See omnystudio.com/policies/listener for privacy information.