Wealth Made Simple Podcast

You can purchase a commercial property with a long term lease bringing in rent and capital appreciation or you can buy a commercial property and convert it into residential creating an uplift in profit. There are great deals available on commercial properties and the opportunities to get a property at a reduced price is out there right now. Shaz shares his expertise on what you can do with commercial property and why there are commercial properties out there at really good prices. KEY TAKEAWAYS The price per square foot is much cheaper on commercial property. Converting commercial to residential will increase the value per square foot Even after a refurbishment, there is a huge profit margin. If you don’t sell, refinance then rent out the properties bringing in immediate cash flow to cover the loan. There are particular areas in towns and cities across the country that have great opportunities to purchase commercial properties There are long term leases available on commercial properties. With commercial properties, you can have an FRI lease and any insurance, maintenance or repairs are the responsibility of the tenant BEST MOMENTS ‘Now people have seen there is a different way of working’ ‘There are more opportunities now than there were 6 months ago’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz explains exactly what you need to understand and be aware of when you are buying a business. If you understand exactly what you want to achieve then you can make sure that any business you buy will help you to on the journey to reaching your goals. Make sure you spend time finding out what the right business is for you, know the motivation of the seller and never get emotionally involved if you want to buy a business that will work hard and achieve for you. KEY TAKEAWAYS Know exactly what you want to achieve and buy businesses that will help you achieve your goals. Spend time researching the right business for you Those who know what they are doing pay good money for the right business Know your limits, don’t get emotionally involved and when you are negotiating know your red line. Be clear on how you are going to fund the purchase and the initial capital required Have a backup plan and ideally two backup plans Always understand the motives of the seller and the motive for selling Have a good understanding of the industry where is it now where is it heading Make sure you know enough about the sector you are buying into BEST MOMENTS ‘Dare to be bold and big when setting goals’ ‘Have goals for the businesses you buy’ ‘I have very clear non-negotiables and they are non-negotiables for a reason’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Are you looking for regular cash flow or quick cash? Shaz shares information about buy, refurbish, refinance and flipping as property strategies. Each has advantages and it is all about what you are trying to do – build equity and a passive income or generate cash flow and an active income. As someone who uses both buy, refurbish, refinance and flipping Shaz has great tips on what works and why - depending on what you want and need from a property. KEY TAKEAWAYS If getting big amounts of cash in quickly is what you want then buy, refurbish, refinance won’t be the strategy for you. If you don’t want to get involved with agents then flipping will be a better strategy for you. If you are selling the properties then you will pay corporation tax if you are a limited company and income tax as an individual. If you find the right deals and get them packaged well flipping works If the property takes time to sell then you can end up paying more interest to the lender The key benefit of BRR is you are generating regular cash flow and you can also benefit from capital appreciation on the property. With buy, refurbish, refinance there are maintenance and void periods to account for with properties and having to deal with agents. BEST MOMENTS ‘You can keep recycling your money’ ‘Flipping means you can generate cash quickly’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

People talk lots about business plans and in this episode, Shaz shares the 10 succinct things that you actually really need in a business plan. Any business plan is only effective if it’s reviewed regularly, adjustments made and actions are taken, so this is a great opportunity to hear about exactly what you do need in a business plan and how you need to use it so that it makes a difference to your business. KEY TAKEAWAYS For clarity have a business summary – what do you want to accomplish, what’s your vision? Your mission statement answers why your business exists What are your core values? Look at what you do and how you live day to day. Have an overview of your competitors understanding what they do well and what they don’t Market research is vital – look at the trends and what’s affecting your industry. Identify your operating strategy – how will the business be run, staffed and structured Review pricing – are the margins working, how can you become more efficient? Plan to review the budget and the cash flow monthly. Have a marketing strategy to understand the cost of every client and how you can grow them. BEST MOMENTS ‘What can you do to stay ahead of the curve?’ ‘Review the business plan regularly’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Why is contract hire a good way forward? Everyone wants a lovely car but any car purchase is immediately a depreciating asset. Shaz has been using contract hire for his cars for the last sixteen years and explains why it’s such a good way to have the car you want and not have to worry about the depreciation. He also shares his favourite cars and explains why in any business you should lease any assets that will depreciate and use your money to invest in those that will appreciate like property. KEY TAKEAWAYS With anything that depreciates in value why own it? With contract hire decide what car you want to have and how long you want to have it for You can choose to buy a maintenance plan with the car or source your own maintenance You agree to a set number of miles with any additional milage charged at an agreed cost per mile. If you want to pay more upfront the monthly premium goes down Run the car through the company and you can reduce the costs by 20% If you are VAT registered you can claim back half the VAT on the vehicle if you have some private use. For any asset that will depreciate always consider leasing it. You should invest your money in assets that will appreciate such as property BEST MOMENTS ‘Depreciation isn’t your problem’ ‘You can get really lovely cars on contract hire’ ‘If you like having a new car then contract hire is the way forward’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz shares the most common deal structures for buying a business, giving anyone who is thinking of buying a business the opportunity to think about what will be the best structure for them. You could be looking at all money upfront, deferred payment or joint shares it’s all about what works for you with Shaz also explaining why deferred payment is his preferred strategy for a deal and why. KEY TAKEAWAYS A deal can be all the money upfront and lots of smaller deals are completed with this structure. With deferred payment, you agree to buy and you pay a certain amount upfront with the rest being paid over an agreed amount of time This is a good way to buy a business. If the business is viable you will be able to get funding from a bank or another funding source. The business should be making a profit and the profit over the next few years can help fund the purchase. You can structure a deal where the previous owner stays on for an agreed amount of time. Capital is paid upfront and the previous owner continues to receive a salary while they remain with the business. You can buy into a business rather than buy it completely outright becoming a partner or joint shareholder. BEST MOMENTS ‘Everything is paid upfront, job done’ ‘Deferred payment works incredibly well’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Commercial conversions are they a good idea? Shaz thinks they are a great strategy and shares great content about a commercial conversion of his own, how it was funded as a no money down deal for him and the positive outcome with money available to invest in the next project. If you have wondered how a no money down commercial conversion works then this is a great opportunity to hear how it’s a great strategy that can be used repeatedly to move your property business forward. Commercial conversions are a great way to go. KEY TAKEAWAYS I bought a property for £395,000 to convert into 21 flats The purchase was funded by a private investor except for £45,000 and another investor joint ventured on this part of the deal. The mortgage process took around 13 months and was the longest mortgage application I have made in my life due to the pandemic and the lender had extensive questions. We have mortgaged to pay back both the majority investor and the JV partner We now have £125,000-150,000 to invest in new projects and 21 flats for free. This is how conversions should work. Starting small and scaling up is a good way to go. Commercial conversion is a strategy I would do day after day every day It’s a property strategy that gives you cash flow, you can keep the properties and rent them out or sell them. BEST MOMENTS ‘We have got back all of our money to pay the initial funder and more for new projects’ ‘Commercial conversions are a great way to go’ ‘I think commercial conversions are fantastic’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

It’s important that you do due diligence whatever the size of the deal Financial, legal and commercial due diligence must be at the centre of any business deals if you want to make sure you don’t get caught out and Shaz covers the key aspects of good due diligence and a timely reminder that due diligence is about buyer beware. This is a great opportunity to hear about the best ways to get due diligence covered well when you are buying any business. KEY TAKEAWAYS Financial due diligence should always be completed – you should go back at least 3 years and also look at the prospective numbers going forward. Your accountant will work with you on the financial due diligence looking at the numbers, tax and accountability in detail. Legal due diligence – work with a solicitor who specialises in this area or has extensive experience in buying and selling businesses. Commercial due diligence - know what is going on in your industry, what your competitors are doing. Spend time looking and researching exactly what’s going on in the marketplace If the seller can’t answer all the questions then you are not buying what you thought you were buying and there is the possibility of negotiating a lower price Make sure you never buy a business without doing your due diligence or you will get caught out BEST MOMENTS ‘My solicitor sent me a checklist with 138 different points they look at closely’ ‘Don’t skimp on fees for due diligence’ ‘The bigger the deal the further into the future you will go with the numbers’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz is a multiple business owner and successful property entrepreneur and in this episode, he shares why property remains his favourite strategy. Property is a tangible investment and people are always going to need somewhere to live either as property owners or tenants. If you invest in property as a strategy there are a huge range of strategies you can get involved in from new builds through to buy to let and commercial conversion. Shaz shares the key reasons property is a great investment and why you need to focus on cash flow from property investment to give you what you want. KEY TAKEAWAYS Property is timeless people are always going to need somewhere to live The population in the UK continues to grow and this means the demand for property will also continue to grow. There will be a demand for more housing. There is a shortage of property which will drive up prices. All local authorities have targets around granting more planning Speeding up the planning process would increase confidence, increase the housing supply and the local authority earns more in fees. The rental market is increasing so buy to let and rent to rent are good strategies. House prices increased by 7.6% in 2020 despite the pandemic. The capital value of properties is growing faster than interest rates for money in the bank You need to focus on the monthly cash flow that gives you a good living or allows you to reinvest in what you want. Property strategies are very diverse there are a huge range of different ways to be involved in property. BEST MOMENTS ‘There are a huge range of different opportunities in property’ ‘Capital appreciation is a bonus’ ‘Smart investors will diversify their portfolio’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In this episode, Shaz shares great advice and tips on how to negotiate effectively. It’s a numbers game so it’s important to not get emotionally involved but effectively use your negotiation skills to get the best deal. There are always multiple factors involved as to why someone is selling and building rapport and respect through communication is the best way to understand the motivation of the seller. Using Shaz’s great practical advice is a great way to get started with negotiations that will get you the deals you want. KEY TAKEAWAYS Communication is key and this is how you build rapport and respect What is their motivation for selling? Don’t agree to the price they first put forward this is a negotiation Go in with a low figure but have a rationale and justification Price is not the only factor the seller will be considering Negotiations take time don’t try and rush a sale. You need to have multiple deals going on at different stages because any deal takes time. Think about your ideal position, realistic position and fallback position When you understand the reasons for the sale then you have potential leverage in the situation. BEST MOMENTS ‘The more motivated they are to sell the better the deal’ ‘Put your cards on the table facing up at the beginning’ ‘It’s a numbers game so don’t get emotionally involved’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Everyone is talking about if and when a property crash will happen and Shaz has put together great content that explains when and why it will happen in 2021. Following the worldwide pandemic, the support measures put in place are coming to an end and officially the UK went into a recession in the second quarter of 2020 so there will be a correction in the property market and Shaz shares great information about the reasons why in this informative episode. KEY TAKEAWAYS The UK has been in recession since the second quarter of 2020 In previous recessions, there has been a property crash. Unemployment will rise when furlough ends When people can’t repay their loans the property market is affected and a correction will happen. A lot of people in the UK can’t afford to buy property right now. The average house price in the UK is around £250,000 and many don’t earn enough to get a mortgage. The relief on stamp duty ending will slow the property market. There will be an end to mortgage holidays and this will mean people will struggle After March there will be a correction in property prices. BEST MOMENTS ‘We will see a lot of people trying to complete in the next month’ ‘Even the most optimistic don’t think the economy will return to pre-Covid levels until 2023’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In this episode, Shaz looks at the different ways you can secure funding to buy a business. there are a variety of different ways and each has different challenges. Shaz explains in detail why deferred payment works exceptionally well and is his personal choice for funding. It means putting in the work to understand the motivation of the seller but it’s about you not having to put any money into the deal. When you can finance purchasing a business in this way it opens the opportunities for scaling securing multiple businesses. KEY TAKEAWAYS You could take an unsecured loan, depending on the size of the business this could be used as the deposit To take out a secured loan, usually, you will have to provide a guarantee or security and you will need to have a good business case and a good team around you. Peer to peer lending can secure funds quickly but the interest with be higher. Deferred payment means you agree to the purchase and the payments are then split over The initial payment can come from the bank and then the subsequent payments from the profits of the business over several years. Deferred payment can usually be viable over 3 to 5 years Small businesses can be difficult to sell so a deferred payment can be acceptable when they are motivated to sell. You need to understand their motivation for selling. Deferred payments work exceptionally well BEST MOMENTS ‘You need to make sure you can sustain the business’ ‘Depending on how you structure the business a loan could get you started’ ‘No money down from a buyers perspective can work really well’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Currently, with a global pandemic, lots of people are re-evaluating and thinking about whether this is the right time for them to get out of the business they are in. So, this is a great time to buy a business and Shaz shares how with a deferred sale you can in reality get a business for free. People are open to doing deals so if you can find people who want to sell then you are helping them to realise their dream, as many small business owners plan for the sale to be a part of a retirement plan that lets them do what they want to do – it people helping people KEY TAKEAWAYS There are people who are unsure of the future so are looking to make a change There are those who were thinking of moving who may be looking to give up their businesses. People with multiple businesses may be looking to streamline. Identify people who want to sell and work with them so they are happy and you are happy Small business owners will often see the sale of their business as part of their retirement plan. You can help make that happen and ideally with a deferred sale where you pay something now and the rest paid over the next few years You can get a business for free using future profits to pay off the debt. Scale-up by buying businesses and you will have a high capital value when those businesses are considered together. BEST MOMENTS ‘This isn’t about taking advantage of people this is about helping people’ ‘Many small business owners struggle to sell for a range of different reasons’ ‘People are open to doing deals’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In this first episode of a new series about buying a business Shaz looks at shares and assets. It’s important to understand the differences for both the buyer and the seller when selling and purchasing assets and shares and Shaz explains the differences and why sellers usually prefer selling assets. Ultimately it’s about understanding what both the seller and buyer want and what’s required when assets or shares are sold as part of a business and Shaz shares great advice about what needs to understood when buying any business. KEY TAKEAWAYS Most buyers favour buying the assets of a company. If you buy the shares of a company you take over all the previous liabilities If a seller sells the assets they can’t claim entrepreneurs relief. If they sell shares they can claim entrepreneurs relief if they meet the criteria. Sellers will usually prefer to sell shares not assets. If you are selling the assets it’s likely you will have more interest because buyers prefer to buy assets. The sale will potentially move more quickly with assets because there is not the same due diligence required. If the buyer is buying assets and goodwill then the goodwill value has to has an agreed value With shares, you can claim entrepreneurs relief on the first million. If you are buying shares both financial and legal due diligence need to be completed. The sale of shares takes a lot longer than the sale of assets. You need to factor in the fees when you are buying a business. BEST MOMENTS ‘The seller has more leverage selling assets’ ‘Selling assets will mean the sale is faster’ ‘My preference is to buy the assets but it does depend on the circumstances’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Everyone in business is always looking to find more time and many identify time management as a challenge. Time moves on in the same way for everyone but you can learn to manage yourself and how you tackle the working day with more focus. Shaz explains how he has refined the ways he approaches the working day to make sure he gets the most out of it and shares great tips on how anyone can get more done in less time. KEY TAKEAWAYS We can’t manage time we can only manage ourselves. Plan each day before you begin. List three priority things you want to get done that day. Go through the goals you have set - this creates a positive frame of mind. The Pomodoro technique works really well. You’ll be surprised at the amount of work you can get done if you are completely focused. Learn how to delegate because the more you delegate the more you free up your time. Prioritise and then re-prioritise activities and tasks throughout the day. At the end of the day review and celebrate what has gone well. BEST MOMENTS ‘When you have less time, you are more focused’ ‘Break down your big goals into smaller monthly and weekly goals so your know you are winning’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

When you go into property you are going to lose money at some point and there will be challenges. The most important thing to do is to persevere there will always be challenges to overcome and things will sometimes go wrong but if you persevere and are not afraid of making mistakes you can learn from the things that go wrong and achieve more KEY TAKEAWAYS When you are looking at any deal make sure you do your research Things will go wrong and you need to always persevere You need to look for a solution to the challenge and carry on. Don’t be afraid to make mistakes. When things go wrong learn from those mistakes and then you will never make the same mistake again. Whatever you are doing remember to persevere. BEST MOMENTS ‘When you are going into a deal don’t go in blind’ ‘Have the confidence to go out and try stuff’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In this succinct episode, Shaz shares an overview of the taxes you are likely to need to pay when you have a buy to let property portfolio. You need to consider Section 24, stamp duty land tax, capital gains tax and inheritance tax along with deciding which is the right structure for you to purchase property through. This is a great opportunity to hear about what you need to take into account and the different ways taxes will impact on your property portfolio and the way property is purchased. KEY TAKEAWAYS Section 24 came into effect in April 2017 and it means you cannot claim your finance costs if you have a portfolio in your own name or as a partnership. You can get a 20% tax credit if you are a higher taxpayer but can’t claim finance costs If you are a basic rate taxpayer you can claim finance costs. You will be paying more in tax. When buying property to let you will have to pay property stamp duty land tax. When you sell a property, you will pay capital gains tax. You need to forward plan for inheritance tax If you are employed it makes sense to purchase properties in a limited company Every situation is different and a limited company may not be the right route for you. You need to explore all the options to ensure you use the right structure for you. BEST MOMENTS ‘You can buy property within a limited company’ ‘You need to consider Section 24, Stamp Duty Land Tax, Capital Gains Tax and Inheritance Tax’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz shares his key tips in this episode, the things you need to do if you want to be successful in business as a property entrepreneur. Shaz shares his personal experiences and provides a great opportunity for others to learn from the mistakes he made along the way. If you are passionate about property and committed to growing a successful property business then follow these key tips and you will see positive results. KEY TAKEAWAYS Make Sure you have a good power team solicitor, accountant, architect, deal sourcer, planning consultant and builder Surround yourself with successful, positive people, you are the average of those around you. Network, to learn from others and shorten your own learning curve Get a mentor, this is really important and will make a huge difference Dedicate 15 minutes a day to learning about property Start conversations across social media platforms to start building contacts. Make a plan and make sure you carry it out. Take the action you need to make things happen. BEST MOMENTS ‘I wish I’d had a mentor early on when I started out in business’ ‘You need to be passionate and committed to being a successful property investor’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz shares his top tips for property investing from demand through to commercial conversions there are tips that cover all aspects of property and a range of different strategies. Whether you are new to property investing or already on your property journey there is something for everyone in this episode. KEY TAKEAWAYS Stamp duty tax holiday ends on 31 March this year. The demand for 2021 will remain strong, including investment from abroad. Interest rates are currently low and there are good deals available. If you are a new investor make sure you do your research. With more people working from home there is increased demand for properties with outdoor space and a decrease in price for those without gardens. There will be an increase in people needing rental properties. It’s likely there will be more offices available to let due to a decrease in demand. Commercial conversions are the best property strategy. There is a higher demand than supply currently. If you are looking to buy it may be beneficial to wait as some are predicting a drop in property prices. BEST MOMENTS ‘Property prices are holding despite BREXIT and other difficulties’ ‘Some companies are finding their employees are more productive working from home’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Having clarity on your business and goals is vital and affects all other aspects and areas. If you don’t know where you are aiming or clarity you are unlikely to get there and in this episode, Shaz shares great advice and poses the questions any business owner should be asking themselves about what exactly they want to get out of their business and how they are going to achieve their goals and Key Performance Indicators. Those who take the time to map out what they want to achieve, have a roadmap and clearer vision and are more likely to achieve their goals and aspirations. KEY TAKEAWAYS Write down your goals however many there are. Be clear on what your business will look like in the future. Map out what you want to achieve. Your goals and aspirations change over time but having clarity about the journey is vital. Key Performance Indicators are real-time measures that will help you to stay on target It’s what you can measure in your business every week and month. KPI’s alter over time to provide the specific focus you need but get started by focusing on the hours spent working on and in the business and money in the bank It’s better to go through the journey finding the right KPI’s for your goals and the vision you have for your business. Focus on KPI’s for your key result areas, where the impact will be greatest. BEST MOMENTS ‘If you don’t like doing something then get someone else to do it’ ‘Focus on a clear direction and vision for your business’ ‘Making a start is more important than being perfect’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

When you look at your income as a whole how and what should you be allocating where? Shaz explains how to start tracking and distributing your income in the right way to make a positive difference in your life. If you follow his advice and make a start on budgeting you will find it quickly becomes a positive habit in your life. KEY TAKEAWAYS 60% of your income will go towards your monthly expenditure including around 30% on your mortgage or rent. 10%. Must go to capital appreciating assets – your investments. 10% needs to be in your ‘rainy day’ fund. Plan to put a minimum of 5% in a charity account and give to your charity of choice. 10% on your lifelong learning will make your future better. BEST MOMENTS ‘The more good you do the more you get back in return’ ‘The more you invest in yourself the better your future will be’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz explains exactly how to build a power team for your property business and shares great advice based on his own experiences. Getting the support of a good power team will mean you can create a strong property business that is scalable and save yourself time and money. You need a power team with the right people and not finding the right team can make everything much more challenging but a good team will make all the difference for you and your property business moving forward. KEY TAKEAWAYS If you are new to property then use networking and social media to find recommendations for architects and builders You need a good; -Architect -Planning consultant -Deal sourcer -Solicitor -Builder -Letting Agent You need a really good property accountant – ideally someone who also invests in property. A property accountant who also invests in property will have an in-depth understanding and knowledge of the many complexities in property. BEST MOMENTS ‘It’s extremely important to have a good power team at the start’ ‘It will save you lots of time and money’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Should you invest in a mentor or coach? This is frequently discussed and in this episode Shaz shares some great reasons as to how a mentor or coach can make a positive difference to your business. From bringing accountability and challenge to resources and access their connections a mentor or coach can help you get where you want to be and achieve your goals faster. KEY TAKEAWAYS Having a fresh pair of eyes can make all the difference, seeing things you can’t see because you are very involved. Sometimes you can lose focus on the simple things that make a difference. A coach or mentor will ask you questions that will help you to think about your business They will challenge you to look at your beliefs and limitations Sharing your ideas with a third party like a coach or mentor can help validate your ideas. A good coach will motivate you and provide accountability. They will share resources and their network with you. They will have specialised knowledge that when shared with you will help you to move forward. They can help you get to your destination and achieve your goals much faster. BEST MOMENTS ‘It’s the simple stuff that really works’ ‘They will help you to look at wider opportunities’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

One of the most common questions asked by those starting out in property is ‘ I don’t have the funds how can I buy property?’ Shaz answers the question and explains exactly how anyone starting out can buy property without using any of their own money. Follow Shaz’ advice and you will be able to focus on spending your time finding good deals and building your property business. KEY TAKEAWAYS Spend time finding a good deal with the right property You can look for a joint venture partner to fund the purchase and possibly also fund the refurbishment. People with money want to invest because they may not have the time or the know-how to do it themselves. You can find investors and joint venture partners through networking and business groups. Start talking to people about what you have to offer and the deals you have. It’s all about building a relationship so that when the right deal comes along they will want to invest. If you get the first deal right they will want to continue to invest with you. Often investors will want to invest more once you have worked with them successfully. BEST MOMENTS ‘I used to think it wasn’t possible but then I tried it, I found the deal and someone else funded it’ ‘Knock on the right doors and you will find investors and funding’ ‘It works you just need to get out there and do it’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz reviews the variety of ways you can invest in yourself to further your knowledge and understanding from reading regularly through to being part of Mastermind Groups. Many people underestimate the importance and impact of personal development on the journey to a successful business but the more progressive thinking you are the more valuable you will be to your customers and clients. So, get started by blocking out time regularly for personal development and follow some of Shaz’ great tips on ways to invest in yourself. KEY TAKEAWAYS Reading books have a phenomenal return on the time you invest in them. Whatever you read you will take something away from it Attending courses shortens your learning curve and is a great opportunity for networking Mentoring courses and niche-specific groups will help you to learn from others and ensure your knowledge is up to date. Mastermind groups help with accountability and challenging yourself One to one coaching and mentoring will bring accountability and help with setting goals A good coach will hold you to account. Network meeting can help you with exposure for your business and provide great opportunities to make new contacts. The more time you spend investing in yourself the better the returns will be. BEST MOMENTS ‘Reading can become your best friend’ ‘From every course, I’ve learnt something new’ ‘I don’t think I would ever not be part of a mastermind group’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Deciding on your goldmine area, the place you want to focus your attention on for property development is key and there are a range of factors to take into account. Shaz shares what you should consider whilst always understanding that ultimately it’s all about whether the deal works for you and the end value and appeal to others. To refurbish or redevelop a property as a property developer means you need to also find the right contractors to work with, building a team that you are happy to work with on a regular basis as your business grows. KEY TAKEAWAYS You need to decide how far you want to travel. When deciding on your goldmine area consider – Market demand and purchase prices The location, relevant to recreational areas like parks. The proximity of schools, bus and train routes and places of worship. Other developments being undertaken or planned in the future If your projects are in the same area you can use the same contractors When contractors are in a local area you can see previous work Get testimonials from their previous clients and customers Take your time and choose the right contractor because you will potentially be offering regular work. BEST MOMENTS ‘Ultimately it’s all about whether the deal works and the end value’ ‘I’d rather have 4or 5 projects in the same area’ ‘Having my architect and contractors close by works for me’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz looks at the question of how to set aside funds to pay yourself first and how to create a sub-account that can be used to fund repairs on your property portfolio. Paying yourself first at a commercial rate is vital but it’s something people struggle to get right as business owners but if you don’t value yourself who else will value you? KEY TAKEAWAYS It’s extremely important to pay yourself a commercial rate as quickly as possible If you don’t value yourself who else will value you? Pay yourself first at a commercial rate If your business can’t afford to pay you the amount you are worth work out how to move the business forward to a point where it can pay you that figure. Its good discipline to have a sub-account with a monthly amount transferred into it monthly for repairs. It will help you to become more disciplined. BEST MOMENTS ‘Many people only pay themselves last and at a very low rate’ ‘Think about a figure that you are worth’ ‘Sub accounts will mean you have clarity over your accounts’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

If you are thinking about getting started then this is an episode for you. Shaz explains his favourite strategy – no money down along with tips about what you need to look out for when you are starting out in the property business with your first developments. There are a range of ways to finance a project from using a bridging company through to working with a joint venture partner – it’s just about finding what’s right for you. KEY TAKEAWAYS Don’t underestimate the cost, this is often an issue with those new to development. Funding can be arranged through a bridging company and this can be done quickly but the rates are higher. Private funders and peer to peer lenders are also options. Bridging works well and money is available at different points of the development. You can work with a joint venture partner who may bring expertise, experience and funding. For a no money down purchase you source a deal and source someone who has the cash for the purchase and development. You can refinance when the development is complete. BEST MOMENTS ‘Make sure you are sensible with numbers and factor in all the other costs and resources required’ ‘For no money down, you source a deal’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Many people are fixated on the idea that the only way to grow their business is through attracting more customers but there are many other things you can do and Shaz shares why and how you can use all of them to grow successfully. Retaining your existing customers is key because it’s far more cost-effective than the marketing required to secure new customers and Shaz explains exactly what you should be doing to increase revenue. KEY TAKEAWAYS Review your prices and make sure there is a good margin for you Are you communicating to your customers all the services and products available to them? By increasing the frequency of purchases or visits by customers you are increasing your income from the client. People pay the least amount of attention to retaining customers but it’s more cost-effective to keep an existing customer than the cost of the marketing required to attract a new one. Look at systems in place and improve them to stop losing customers. Review all your systems and purchases can you purchase at a better price; can you be more efficient? BEST MOMENTS ‘Every business can look at cross-selling to increase income’ ‘There can be a range of factors that mean a customer chooses you’ ‘Work out how many clients you are losing and fix the leaky bucket’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In this new series Shaz covers everything you need to know about starting a property portfolio and begins in this episode with looking at - Should you buy and hold or buy, refurbish and sell? Along with great advice and tips about whether the business should be in your own name or you should create a limited company. Property is a tried and tested way of achieving extra income and there are lots of different strategies but the buy and hold and buy, refurbish and sell are two of the most easily accessible to those who are just starting out so Shaz’s great tips on pros and cons of both strategies are exactly what anyone needs to decide on the right strategy and get started. KEY TAKEAWAYS Buy to let is a long-term strategy that is relatively low risk. It gives regular cash flow and there is also the advantage of capital appreciation. When you have a rental property, there are maintenance costs and wear and tear from tenants. Buying and developing has a higher risk when you begin because the amount you add through development is less known. If you can buy below market value, add value and can sell quickly you can achieve good returns. With buy to sell there are no ongoing costs with tenants but also no regular cash flow. Buy to sell is more sensitive to the property market and you will need to build a team that can support you in the refurbishment. Buying in your own name means you are subject to section 24. Having property in your own name is more flexible but you do have unlimited liability. If you have a limited company then you are not personally liable and you only pay corporation tax. As a limited company, there is a more restrictive choice of mortgage products. BEST MOMENTS ‘Property is a tried and tested way of achieving extra income’ ‘Usually, the buy to let strategy needs to be scaled up to achieve the best returns’ ‘It can often take the less experienced developer longer to refurbish than they think it will’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Money mindset is key in your money management and we live in a world where how we view money is in part determined by how we are brought up. Often the perception can be that money is bad and that those who have it are also bad but in reality money just exaggerates who you are. To attract money into your life its vital to have good processes in place, act with speed and give money away to good causes and the things that are important to you and Shaz explains exactly how to get the money mindset that will attract money to you. KEY TAKEAWAYS To attract money into your life you need to move away from negative self-conscious programming. Give money away – when you give money to good causes and things that are important to you, you’ll attract money to you – do this by creating an account and giving on a regular basis. Put in robust processes - money likes process so it’s important to have good processes throughout your business for everything you do. Successful multi-national companies have robust and effective processes in place. Money likes speed - think things through and review both the positives and negatives but then when you have done this take action. Money likes people to act with speed. BEST MOMENTS ‘I wasn’t brought up with money around me, it was tough’ ‘If you give more away, you attract more in return’ ‘Money likes people who are focused and process-driven’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: · Facebook · LinkedIn · Instagram · YouTube.

To be successful Its exceptionally important to have multiple streams of income. If you only have one key employee, one key customer or one way of generating leads then the impact will be high if you don’t have them. As a business owner, you need to focus on working to have more than one stream of income so you can use your first business to fund your lifestyle and the additional businesses to invest and generate income to grow further. KEY TAKEAWAYS Most business owners only have one source of income. If you have 1 key employee, 1 way of generating leads, 1 big customer then you will find things difficult if you don’t have them. You need to work to have two or more streams of income. Look at your customers and clients and ask yourself what else can you supply? Your first business will fund your lifestyle. A second business can be used to invest in generating even more income. Don’t stop at two, it requires the same effort to run one business as it does multiple businesses. BEST MOMENTS ‘Property is a fantastic way of generating additional income’ ‘I started with accountancy and extended to business advice, coaching and mentoring when I realised this was something my clients wanted’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: · Facebook · LinkedIn · Instagram · YouTube.

It can be easy to only look at one aspect positive or negative of incorporation but you need to review all of the financial implications before you make a decision and Shaz shares some of the pros and cons of incorporating a property portfolio. This episode provides a great overview of what you need to be looking at and reviewing before you make a decision, so it’s a must-listen for anyone thinking about whether to incorporate or not. KEY TAKEAWAYS Make sure you can demonstrate you have a business. you need to have a portfolio and be spending in excess of twenty hours per week on your business. Your business should be managed by you not a letting agent. Being limited means you can claim 100% of your interest costs. It’s possible to claim section 162 incorporation tax relief. If you are a partnership you won’t have to pay stamp duty if you meet the rules. When you move properties from your own name into a limited company you have an uplift in the base cost of those properties. If you have a limited company you have limited liability. When you have incorporated you can look at inheritance tax planning. Include legal and valuation fees into the cost of incorporating. Be aware that incorporating means less privacy about your portfolio. BEST MOMENTS ‘Think about the increase in the base cost’ ‘You are in control of how you take money out of the company and it’s usually more tax-efficient’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: · Facebook · LinkedIn · Instagram · YouTube.

Shaz shares great advice about the importance of having a sub-account where you regularly deposit money that is for taxes. If you want to make sure you have the money you need for taxes in your business then ring-fencing it in a sub-account is the best way to achieve this. KEY TAKEAWAYS It’s very important to have a sub-account for taxes. Whenever you have money coming in, put aside the money for taxes. There is VAT to pay and corporation tax if you are a limited company. If you employ people you will need to account for PAYE and NI payments. There are also wider taxes such as council tax. Regularly review the taxes you pay to make sure you are claiming any reliefs due. Talk to a tax expert to make sure you are forward planning. Have a separate account and put the tax money in it. BEST MOMENTS ‘If you ringfence the tax money you know it’s not yours’ ‘It’s worth having a sub-account’ ‘If you are in business and making a profit you will be paying tax’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz goes through the questions anyone should be asking when they are considering incorporation. It can be the right thing but you must go through all the steps to make sure it’s the right thing and the right time for you. There are several aspects to consider including whether you have fixed rates, appreciation in value and equity along with whether setting up a trust is the right way forward in this informative episode. KEY TAKEAWAYS Go through all the steps to make sure it’s the right thing for you to do. If you have fixed rates that are due to finish in the near future then penalties may make it not the right thing to incorporate. When you move properties into a limited company you get an uplift in the base cost of those properties. If you have owned properties over a long period of time, they have appreciated in value and the equity is more than the debt then you have good reason to incorporate. You can incorporate the property portfolio and use a trust to pass the assets onto family and children. Tread carefully when you are thinking about incorporation. Ask is it right for you and your circumstances? BEST MOMENTS ‘Some people use incorporation really well’ ‘Legally you can have a deed of trust and remain as the owner’ ‘Consider setting up a trust’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz looks at why debt is a part of most people’s lives and the actions you can take to get out of debt along with the options available if you can’t. If you take the time to effectively manage your debts you can lower the amount of interest you need to pay and shorten the length of repayment. Budgeting is a key part of building a successful personal and business life and if you focus on effective budgeting you will be able to remain out of debt. KEY TAKEAWAYS A mortgage is a debt but if you pay off the debt the asset becomes yours. An offset mortgage can save you money over the period of the loan. If you are in debt you need to come up with a payment plan to get out of debt. If a payment plan isn’t possible you may need a debt relief order, an IVA or to file for bankruptcy. If you are in debt speak to the people you owe money to and try to arrange a plan to pay them back. If you have a high-interest rate on your debts it may be worth moving the debt to loans with lower interest rates. Being in debt can have a huge impact on all areas of your life. Budgeting is part of the foundation needed to build a successful business and personal life. BEST MOMENTS ‘Debt does feature in most people’s lives in one way or another’ ‘Organisations want their money back so they may accept a payment plan’ ‘It’s best to try and budget effectively and not get into debt in the first place’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz looks at how you can create an avatar of your ideal customer so you can effectively direct your messages and bring the customers you want to you. It can take time and effort to work out the demographics and psychographics of your ideal customer but if you take the time it can move your business forward because you will know what the challenges and problems are for your customer and how you can help solve them. KEY TAKEAWAYS If you try and target everyone as your customer or client you will not be able to successfully get your message across to anyone. If you try and target everyone your message and unique selling proposition won’t be clear. It takes time, effort and enthusiasm to establish who your ideal customer is. Look at your current customer base do you already have an ideal customer? You need to work out the demographics and psychographics of your ideal customer. What is the age, gender, race and background of your ideal customer? What are the behaviours, attitudes, values and lifestyle of your ideal customer? What are their desires? what are they trying to achieve with their business? What can you do to help them? How can your product or service help them? Think about the key areas they are afraid of and how can you help them. Take the time to create an avatar of your ideal customer. BEST MOMENTS ‘Be very clear on your ideal customer profile’ ‘When you know what your ideal customer looks like you will be able to identify more of them’ ‘What are the challenges and issues for your ideal customer and how can you solve their problems’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz looks at the different ways you can save money as part of the overall strategy anyone should have in place for money management. Savings is about the income you derive from it and the capital appreciation and savings can be in various different forms such as an ISA, bonds, real estate or property. This is a concise and informative overview with useful information for anyone considering the best way to save. KEY TAKEAWAYS With an ISA money can only be added each tax year but there is a limit. Any income generated is tax-free and an ISA can be transferred between providers. To qualify for stocks and shares ISA’s an individual must be over 8 years old and resident in the UK. Investment in stocks and shares ISA’s are exempt from dividend tax and capital gains tax. The innovative finance ISA includes peer to peer loans. It is quick and flexible although the interest rate can be higher. Fixed-rate savings accounts offer higher interest but your money is locked in for a certain amount of time The most common investments are shares, bonds and the property market and are most suitable for the longer term. You can invest in anything and may consider investing in a business as a silent partner Make sure you take into account all costs involved when investing so you know what’s involved and what you will be spending BEST MOMENTS ‘There are junior ISA’s available for your children’ ‘Regular savings accounts are good for habit building’ ‘The higher the risk the higher the potential return’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Do you know the numbers in your business? Shaz shares the numbers that any successful business tracks weekly to ensure they know exactly what’s going on and can adapt and respond to make sure they are always moving forward to achieve their goals. Many businesses don’t know about what their numbers are but it is the key element that separates those who are successful with those who are not, listen in to hear exactly what you should be tracking to achieve the success you want. KEY TAKEAWAYS Track the essential numbers in your business at least quarterly. It is better to track your numbers ideally weekly or at least monthly. Use your management accounts to track your turnover, costs, profit. The businesses that are successful obsess over their numbers and keep a very tight grip on their accounts. Your accounts are a rear-view mirror, good for looking at what’s already happened but not particularly useful for making progress forward. Your KPI’s are what determine your direction and how you get to your end goal Accounts should be tracked every month, alongside key performance indicators, with both success drivers and cost drivers. As you progress you will begin to identify what you need to have as KPI’s to bring success to your business. The most important thing is to get started. BEST MOMENTS ‘Your accounts are your rear-view mirror, a historic account of what’s already happened’ ‘Management accounts, KPI’s track them regularly with your team to achieve the success you want’ ‘Understand what the key areas are that you, the business owner should be working on’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In this episode, Shaz shares great tips on how to build your credit rating and makes it clear what affects and impacts on your credit score and your potential to get credit. He explains how you can build your credit rating and become financially successful if you understand what to do. In a world where credit surrounds us along with constant marketing about the importance of having everything now, it’s important to live within your means and fully understand the impact of your credit rating and how you can use it to your advantage. KEY TAKEAWAYS Credit cards allow you to borrow money now and pay it back later The better your rating the more likely the credit card companies are to increase your limit Credit cards give customers protection through section 75 of the consumer credit act for purchases over a hundred pounds. Credit cards also help to build your credit rating. There are 3 big credit agencies and they operate in different ways to score your credit. Your credit rating is dependent on your credit past. Past history is an indicator of future performance. Make sure you are on the electoral roll. Cancel all unused credit cards. Don’t make cash withdrawals on your credit card. Make sure your details are consistent as it demonstrates visibility. It’s important that you are aware of county court judgements as they will stop you getting credit, loans and mortgages. BEST MOMENTS ‘Make sure you put money into capital appreciating assets’ ‘Have an emergency fund and have some money left over for fun’ ‘Make sure you live within your means’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In this content-packed episode, Shaz explains what everyone should know before they start a commercial conversion. Lots of people miss out capital allowances because they don’t know what they can claim so it’s vital you seek the advice of an expert tax specialist so that you know exactly what you can claim in capital allowances. Commercial conversions can be a great area to get into as a property developer and Shaz shares great advice and tips about how to get the best out any project by starting off with the right information. KEY TAKEAWAYS If a person in the past has claimed tax on a refurbishment then they will need to charge you VAT when you purchase. If you are converting from commercial to residential they can accept a VAT 1614D from you meaning you don’t pay VAT. If you are paying VAT on a transaction you will also be paying stamp duty and land tax on the figure. When you are buying commercial property make sure you speak to a tax specialist to ensure you claim all the capital allowances due. If you are buying through a limited company you will need to carry out due diligence and there is a cost involved with this. If you are buying a property within a limited company you need to seek expert advice about property base cost and future tax. BEST MOMENTS ‘Many people miss out on capital allowances because they are not advised about them’ If you are buying the shares of a company make sure you factor in the base cost of the property’ ‘Always seek advice from a tax expert to make sure you claim all capital allowances due’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz begins a new and invaluable series this week with the first episode in money management, getting to grips with budgeting and making it part of your life as a good habit. Most people don’t like talking about money, have hang-ups or issues around money but you need to become a student of money because it’s only when you understand it that you can make it work for you. Many people live their lives without a budget not knowing what they are spending every month but budgeting enables you to have money for what you need and Shaz shares exactly how to get started making budgeting part of your routine, creating a positive habit that will make a difference. KEY TAKEAWAYS Budgeting enables you to have money for what you need Your budget will change month to month due to birthdays and one-off payments. You need to be disciplined to make sure you stick to the budget you have set for yourself. Have an emergency fund, an amount equating to around 6 months of living costs. Small incidentals can add up to far more than you perceive, keep track of what you spend as the amount it adds up to can be an incentive to budget better. When creating your monthly budget don’t remove all the fun things as it will make it very difficult to stick to. You have to create a budget with others in your household so that expectations are clear for everyone. Remember to include tax in your budgeting, ideally put the money away in a different account and then it’s ready when you need to make the payment. A good budget will be around 60% on monthly expenditure, 10% on investments, 10% to your emergency fund, 5% to charity and 10% on lifelong learning. Make a start on monthly budgeting and you will find it quickly becomes a good habit. BEST MOMENTS ‘The more you do it the better you will get at it’ ‘Shop around for the best-priced deals particularly with bigger purchases, this can easily be done online’ ‘We live in a world where everyone wants everything now’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In this, in-depth episode Shaz looks at what makes a business successful and what you should look for and do if you are starting or buying a business. It is a fact that being trained and holding qualifications in a particular area doesn’t make you the right person to run a business in that sector but all businesses have shared elements and if you understand what these are, what your values are and how to build the right team then you can be the person who is running multiple successful businesses. KEY TAKEAWAYS If you can get the marketing right you can run any type of business. Schedule the day to achieve more and ensure you are focused and have the right team in place so that you can delegate effectively. The more successful you become the more money you have available to invest in new projects and using your own money means you have control. All businesses are the same it’s only the way individuals choose to run them that varies. You need to look at both the upside and the downsides of a business. To scale effectively look at how the business can be multiplied to create additional units. If you have been successful with a business then look for other businesses in the same sector that you can buy and make successful. If you can think creatively then you can always find opportunities to add value to a business. Do the numbers for a new business but be aware this is not the only thing to take into account. You’ve got to love and be passionate about your business but you don’t have to be passionate about all of the sector. You should always create your businesses so that they are in a position to be sold. This is about your businesses being able to continue even if you are not there. When you are buying a business have key parameters and always do your due diligence. BEST MOMENTS ‘People don’t pay enough attention or spend enough on marketing’ ‘The busier you become in business the more focused you become’ ‘Passion can only take you so far, it’s your values that can take you all the way’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In this episode, Shaz answers the question every individual and business owner wants to know the answer to ‘What leads to a tax enquiry?’ HMRC haven’t ever made it clear and say it’s a random selection process but that’s not the way they do things and the majority of tax enquiries are initiated because of numbers and patterns not adding up. Shaz explains exactly what triggers an enquiry and shares great information on what to do if you are involved in a tax enquiry because you don’t have to give them everything and anything they request. KEY TAKEAWAYS Filing a late tax return regularly means it will be highly likely you will be subject to a tax enquiry. If you pay your taxes late this identifies you are a higher risk. Somebody tips HMRC off about things, these may or may not be true but it’s likely to result in an enquiry. HMRC can access your credit file and look at the number of credit cards and loans you have, cross-referencing this with the information you have submitted to them. Sometimes mortgage lenders will tip-off HMRC if the figures don’t add up. You may get caught up in someone else’s tax enquiry and this could lead to a tax enquiry for you. Never lie during an enquiry, HMRC inspectors will give higher penalties if you do. When you are asked to attend a meeting, you can choose not to attend. If you decide to meet with them request a detailed agenda and timings for the meeting. HMRC can ask for personal bank statements but challenge this. They are entitled to ask for information reasonably required – ask them to justify why they require certain information. Don’t give them everything and anything they ask for. BEST MOMENTS ‘Submit tax returns on time to avoid penalties and an enquiry’ ‘Mistakes and patterns that don’t add up result in tax enquiries’ ‘HMRC raise around 30 billion pounds per year through compliance checks’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz talks all things tax relief in this online presentation. He shares how he has made savings himself with examples from his own property development projects and answers questions about the best ways to purchase property either solo, with a partner or in a limited partnership. The questions are wide-ranging and Shaz includes great advice on how to save tax and claim tax relief if you are a business owner. It can be very easy for people to miss out on tax relief simply because they don’t know how to structure or what to claim but this is a great opportunity for any business owner to start thinking about what you could claim. KEY TAKEAWAYS If you are looking to do a commercial conversion to claim the VAT complete and file a VAT164OD this identifies you are changing to commercial. When you obtain planning there is an uplift in value and moving the property from a partnership to a limited company means that in the future you sell the property you will reduce your capital gains tax on the asset. You can claim land remediation relief when you have to remove hazardous materials such as asbestos. Gifting use of a property to a charity will mean they become liable for business rates, but they are able to claim back this cost. You can claim additional capital allowances for new fittings when you are creating serviced accommodation units. If you move properties into a limited company you are only liable for corporation tax on the balance of the profits. People should explore different business structures dependent on the project they are completing. BEST MOMENTS ‘We were able to save over £100,000 in tax relief through smart thinking’ ‘A limited liability partnership is the same as a standard partnership with the bonus of limited liability ‘ ‘If you own property in your own name you are not a sole trader’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

Shaz talks though a range of his current projects and the varying ways he is making savings and claiming tax relief. He also explains the most common areas of tax relief that are missed by businesses from getting the company structure right through to purchasing an electric car and land remediation relief if you find Japanese knotweed and asbestos. These great tax advice takeaways will help any business owner to start asking the questions that can make tax savings. KEY TAKEAWAYS Consider the best company structure for purchasing property- it could be in a partnership, limited liability partnership, a limited company or a group structure. The choice of structure should be decided based on the property, financing and who you are doing the deal with. When you form a limited company its beneficial to have ‘alphabet shares’ meaning they can be assigned more easily to various people. A small self-administered pension scheme gives you flexibility and provides for the future. Capital allowances – there are many fixtures and fittings in a building which qualify for capital allowances Further capital allowances can be claimed when you are refurbishing for serviced accommodation. If land is contaminated you can claim land remediation relief. Forward plan for your taxes if you want to save money. BEST MOMENTS ‘Do not miss out on capital allowances’ ‘An electric company car will mean no tax payable on it this year and only 1% next year’ ‘Investors often buy in their own name without considering the company structure options’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: · Facebook · LinkedIn · Instagram · YouTube.

In this third episode in the mini-series looking at the question everyone is asking; ‘Is the property market going to crash?’ Shaz reviews the economic cycle and what has happened previously when the market has crashed, sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market. KEY TAKEAWAYS In the 2008 recession, the average value of UK property fell by 20% and it took the next 6 years for values to reach pre-crash levels Prior to the crash 100% mortgages were commonplace. Along with vendor paid deposits. In the late eighties, there was a housing market crash alongside a recession. Issues with joining ERM saw interest rates raised to 15% House prices fell 36% at that time with over a million people in negative equity. Lifting the restrictions on personal lending helped to bring things to an end. Depending on if we can find a vaccine there will be a lowering of house prices in the first quarter of next year. BEST MOMENTS ‘The house price to income ratio was 7.16 in 2007 and fell to 6.35 by 2009’ ‘Once furlough ends unemployment will go up ‘ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In this fourth episode in the mini-series looking at the question everyone is asking; ‘Is the property market going to crash?’ Shaz reviews why the economists think a downturn is possible, sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market. KEY TAKEAWAYS The economic cycle is around 18 years and we are currently 7 years into a cycle. Both Brexit and COVID are causing issues at a time in the cycle when it’s anticipated there will be a correction. Due to COVID 19 unemployment has increased and there are more people who are financially unstable It is argued that a predictor of a crash is when mortgage payments are more than 45% of household income The bounce-back loan and the Coronavirus interruption loan have helped to keep interest rates low. Housing charities estimate that 200,000 tenants have slipped into arrears and it’s expected that this number will increase when furlough finishes. There needs to be more social housing and if housing becomes unaffordable then prices will drop. The lockdown has caused many to re-evaluate what they want from life and currently, houses are selling well. It’s looking very similar to where we were in 2008 and it has been predicted that house prices could fall by 20%. I think the climate and situation will see prices will drop significantly in 2021. BEST MOMENTS ‘Mortgage or rent payments are a significant amount of any person’s budget’ ‘First time buyers outside of London are already finding it hard to buy property’ ‘There needs to be more social housing’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In this first episode in the mini-series looking at the question everyone is asking; ‘Is the property market going to crash?’ Shaz reviews where we are at currently, at this moment in time, sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market. KEY TAKEAWAYS According to the Nationwide ‘house prices are at an all-time high’ September saw the biggest monthly rise in the last 16 years. Houses are selling really fast for asking price and above. The average time to sell a house currently is 27 days which indicates how quickly the market is moving. There are less new houses available at the moment due to the lockdown stopping work. You are going to have to pay higher interest if you have a smaller deposit. The choice of lenders for those with a 10% deposit is now far less than before COVID 8 million mortgage holidays were taken up. Stamp duty land tax is in place until the end of March 2021 and has supported and incentivised the property market BEST MOMENTS ‘Some are nervous about buying and others have money to invest’ ‘The help to buy has been extended by 2 months’ ‘Things are starting to change’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.

In this second episode in the mini-series looking at the question everyone is asking; ‘Is the property market going to crash?’ Shaz reviews what’s happening currently with the rental market looking at supply and demand and sharing not only the facts but his expert opinion based on the information and data available. This is a great opportunity to not only hear the key facts in one place but also the views of someone with considerable experience and expertise in the property market. KEY TAKEAWAYS Over a third of the UK population are renters. 101,000 properties were available to rent across the UK. The average rent of £985 per month increased by over 2% in the last 4 weeks. Demand is predicted to fall so properties may be empty With higher unemployment, some of those people will be renters and may be unable to pay their rent. Demand for prospective tenants is lower now than in February. Many Airbnb serviced apartments are being put back into the short term letting market Demand is reducing, furlough is ending, eviction periods are extended There is tension in the market place but it’s likely there will be a dip in the first quarter of next year. BEST MOMENTS ‘Those with Airbnb apartments have been finding it really challenging’ ‘The most important question is; ‘where are we in terms of supply and demand?’ VALUABLE RESOURCES [email protected] ABOUT THE HOST Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets. You can find Shaz on: Facebook LinkedIn Instagram YouTube.