9 Ways to Make Money in Property
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
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Show Notes
Rob talks through 9 different strategies for making money on Property. He covers which ones are best suited to people with different requirements and how you can decide whether a certain strategy is right for you.
Tune in to find out how you can make money from Property…
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KEY TAKEAWAYS
- Property Sourcing: This is where you’re the middleman between the investor and the seller. You can source all different types of property, depending on your investors requirements.
- Project Management: You can manage someone else’s properties for them, especially if they are not local to their properties’ areas. It’s a good way to supplement your sourcing too.
- Buying and Holding: This is a long-term strategy in which you buy and hold the property whilst the value of it increases.
- Flipping or Trading: Buy a property, add value and sell on to make a profit. It’s a good way to get larger chunks of money.
- Lettings: Lettings can be a good way to add a supplementary service. You may have to jump through quite a few hoops but once you’re up and running, it can be very profitable.
- Orientation/Investor days: When someone starts out in property, they will want to know more about particular areas they are wanting to invest in. You can provide the relevant information to them.
- Write Books: Writing books is a brilliant way to add value. Rob was able to add value and give back to people by writing a book – please read on for the links to buy.
- Classroom Training: A lot of people are divided on this but if you do it ethically and true then it’s a good idea.
- One-on-One Mentoring: Find someone to help and guide through the property process – you can teach them your knowledge but also learn from their mistakes to develop your own skills and knowledge.
If you are interested in learning more or benefiting from one of our services, please email [email protected] for more information.
BEST MOMENTS
‘Project management works especially well with property sourcing’
‘With buying and holding, let time take care of absolutely everything.’
‘Let the asset work for you rather than you work for the asset.’
‘Adding value to a property can vary depending on the area you are investing in.’
‘Connect, research and do your due diligence.’
‘Writing books can give you a position in your market.’
‘Mentoring doesn’t necessarily make it easier, but it pushes you harder.’
VALUABLE RESOURCES
https://www.thepropertynomads.com/mentorship
Buy To Let: How To Get Started – By Rob Smallbone (Amazon)
ABOUT THE HOSTS
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.
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