How to Start a Property Business Ep 2 - No Money Down Deals
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Show Notes
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
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: