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Show Notes
Different deals work for different people and Shaz explains how when you understand what you are good at and what your parameters are and you can confidently look at whether a deal is right for you. When you make sure you look at any deal with your head, not your heart, have the right budget in place and always review both the potential upside and the downside then you have put yourself in the right place to make the deals that will work for you
KEY TAKEAWAYS
- Don’t be desperate to do a deal, it will lead you to deals that don’t work for you
- People are usually sharing their experiences when they talk about deals that won’t work out
- Always have a contingency in place
- There will always be things that are unexpected but this should not be a regular occurrence
- It’s a business and the numbers have to stack up
- Use your head and think about your tenants, it’s going to be their home
- Make sure you have organised the funding and stick to the budget you have set
- Always think about the upsides and the downsides of any deal
- Property is an illiquid asset because it can take time to sell
- As a landlord, you must avoid overleveraging your portfolio and over-borrowing
BEST MOMENTS
‘You can sometimes find an absolute gem that's not in the best location’
‘If you can make it work do the deal’
Work with your head not your heart’
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 consultations 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: