David Bennett - From a standing start to an £850,000 deal agreed in 4 Months

Property Sourcing Profits Podcast

In this episode hear how David Bennett of Off-Piste Property started his business and what can happen if you take your property learning and are relentless in your actions every day consistently.

If you are thinking about investing in your own learning and long to do something different this is a great time to get started and David’s journey is a great example of exactly what you need to do and how you can take action and get great results.

KEY TAKEAWAYS

• The initial driving motivator was that I had invested in myself so I wanted to take action and move forward.
• Rent to rent was a quick way to generate income. You can use the same skills you learn as a deal packager to talk to the lettings team for rent to rent whilst your property deals are moving through the process to completion.
• The ‘50 call a day’ challenge - After the first 9 calls where the answer was ‘no’, I was asking myself what can I do differently? the ‘yes’ gave me the buzz to keep going. You have to be relentless in your activity every day.
• It’s important to understand it’s not personal, they are saying no to the service you are offering at the time it’s not you
• You have to be able to understand the problem and offer a solution.
• When you meet someone face to face initially it’s not about a sale it’s about building a rapport and relationship.
• I documented my journey on Facebook and this helped people to get to know me.
• Networking and being active on social media are vital elements for building a business. My first investor came from the communities I was active in.
• You need to remember that you are making an impression wherever and whatever you are doing.

BEST MOMENTS

‘Working for myself was a dream for me’

‘It’s all about the spirit of action and being relentless in your activity everyday’

‘You have to carry on going even when you are pushed back’

VALUABLE RESOURCES

Property Sourcing Profits Podcast

https://www.progressiveproperty.co.uk/

https://unlimited-success.co.uk/

https://www.facebook.com/groups/progressivepropertycommunity/

Off-Piste Property Group

David Bennett Facebook

ABOUT THE HOST

David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.

In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.

The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

CONTACT METHOD

https://www.linkedin.com/in/david-siegler-7b126316/

https://www.facebook.com/DavidSieglerInvestments/