This week Samuel has given us a very quick and helpful video about two ways in which anybody can become a rich property entrepreneur.
- Deal Sourcing
Anybody with or without property investing experience can go on rightmove, zoopla or gumtree etc and find a property to buy. You then need to pick up the phone and call the estate agent and get a good deal. Anybody can get a good deal on a property and get them to agree a price which is below market value. You are now thinking but I have no money to invest? STOP! You are not going to buy the property you are going to pass the good deal you have got on to an investor with a finders fee. This fee could be £1,000 to £3,000.
One of those a month and you replaced an average salary.
- Find a property up for rent and increase the rent.
There are many ways in which increasing the rent on a rental property is possible.
Turning a single rental property into a HMO (House of Multiple Occupancy).
You can then rent the property of the landlord and turn it into a HMO. This process is called Rent to Rent.
With this strategy you do not own the property you just control it.
To find out more about the ways in which you can succeed as a property entrepreneur check out the video above.