Ep47: How To Find Investors By Leveraging Existing Contacts with Insiders Circle Member David Edwards
The latest podcast is an interview with a very active Insiders Circle member, David Edwards, a former IT Project Manager who has been applying his transferable skills to set up a successful property sourcing business.
David provides us with his insights into his experience so far:
- How he chose his strategy and why he tweaked it along the way
- What he learned from time wasting activities
- How he used LinkedIn to find investors from existing contacts
- How he developed his expertise and knowledge
- Underestimating how long marketing takes!
- Why patience and building up slowly is important for long-term results
07:10 Taking time out and reflecting on his career
08:30 Looking at what would make him happy and fulfilled
08:50 Getting educated and setting up the company
11:05 Deciding to go full-time into property
12:15 Looking at different strategies and areas
13:05 Setting targets and cash flow minimum
15:25 Broadening the network and joining groups
16:50 Deciding on the strategy
17:50 Learning from distractions away from getting leads
20:45 Different types of investors
23:05 Using evidence and feedback
24:10 Investors coming from existing contacts
26:00 Not over-planning the property sourcing business
27:05 Building up gradually rather than rushing in
30:00 Linking refurb project management with sourcing
32:40 Using Insiders Circle to learn key information and insights
34:50 Using the group to get feedback on both property and marketing
37:10 Genuine support from members of the group
How To Find Property Investors
Often lack of money is the “excuse” for not getting started in property investing. But imagine having a never ending pot of money to invest in your own property deals...
Property Due Diligence: A Beginner’s Guide
I cannot emphasise enough how important property due diligence is for ALL property investment strategies! Without proper due diligence you risk taking on property deals that don’t generate you any...
The Complete Guide to Rent To Rent
Imagine a way of getting started in property investing and growing a cash flowing portfolio without the need for 25%+ deposits, Stamp Duty or even solicitors! That’s exactly what the...
Property Sourcing & Deal Packaging: The Ultimate Guide
There’s been a lot of confusion around property sourcing and deal packaging. What’s the difference between the two? How do you become a property sourcer and/or deal packager? What would...
Starting A Property Business: The Complete Guide
Starting a property business can be both exciting and daunting. Whether it’s building your own property portfolio or starting a property business finding deals for investors, I’ll hopefully give you enough information to start those property taste buds salivating and get you on the right path to achieving your goals.
5 Biggest Mistakes When Starting A Rent to Rent Business
In my years working in the property world, I’ve seen people who are starting or scaling their rent to rent business make the same mistakes. But hopefully by highlighting these...