6 Straightforward Ways to Get to Know ANY Investment Area in Depth
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
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Show Notes
Welcome Back to The Property Nomads Podcast!
This is the last Book Bonus Podcast before the Property Nomads Book “Buy to Let How to Get Started” is released!
“Buy to Let How to Get Started” out Wednesday 10th of July 2019! Remember, there are competitions and bonuses!
Make sure you don’t miss out by going to https://www.thepropertynomads.com/ and sign up to the fortnightly newsletter or go to The Property Nomads Podcast Facebook page to find out more.
Maybe you are considering changing your investment area, or perhaps you’re in a situation where you’re not quite sure where to invest? In today's episode, your host Rob Smallbone shares some content from the upcoming book; 6 straightforward ways to get to know ANY investment area (in depth!).
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Drive around your investment area
Go for a drive around your area at all times of day! An area may appear very good by daylight may not be so great by night. Follow your gut instinct and do your due-diligence! -
Talk to the locals
Having a chat with people local to the investment area will be able to give you a more informed view of the area from a resident’s perspective. Locals are more likely to have ‘inside’ information on the area and perhaps even have knowledge your estate/ lettings agent is not privy to -
Read the local area plan
Every council will have a local area plan (or similar) and can be found on the local council’s website. This document has a wealth of knowledge and will provide you with the future plans for the investment area. This document will more than likely have sites that the council wants to develop, what their vision is for the town/city & how much is intended to be invested (and what they’re hoping to achieve) -
Read the local paper!
Take the time to pick up the local paper. You can get a strong indication of what an area is like based on the news in the local paper; you don’t have to buy one as they will more than likely have an online copy. Using current and previous articles, you can build a picture of the investment area. -
Talk to Local Estate/Lettings agents
This will be very useful to help establish your area. Asking the right questions and having a friendly conversation with them will really help you to determine which areas are good, and which are not! -
Book an investor day
If you are short of time, or simply do not want the hassle to do the necessary research, then book an investor day! Many experienced investors will offer investor days! The Property Nomads offer such days in Hull and Bournemouth. Investor days will usually involve site visits, a drive around the area (showing the good and bad), examples of deals and introductions to members of the ‘power team’. Some investor days may even include a mastermind roundtable! This is a fantastic way to leverage your time and enable you to fast track your knowledge of a specific area
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ABOUT THE HOST
Rob Smallbone, Rachael Taylor and Matt McSherry, the hosts of The Property Nomads Podcast, are on a global mission to guide your success. Success can happen in many ways, shapes and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob, Rachael & Matt just want to make a huge difference to people around the world. They are here to guide your success in property, business and life and to inspire you to achieve your goals, dreams and visions. They’ve travelled, explored, and invested. And they’re not planning on stopping these activities anytime soon.
Buckle up, sit tight and enjoy the ride that is life.