Life Changing Property Deals
Simon is joined by special guest, John Woodman, who shares his inspiring story about a life-changing lease option deal he executed, which resulted in a remarkable profit of over £100,000 from a single property. John, who transitioned from a 21-year career in the defence sector to property investment, discusses how he discovered this unique opportunity through a connection made while speaking to business studies students at a local college. Simon also delves into the details of the deal, including the structure of the option agreement, the transformation of the property into service accommodation, and the innovative approach of providing emergency housing for local councils. KEY TAKEAWAYS John found his property deal through a connection made while speaking to business studies students, demonstrating the importance of networking and being open to opportunities in unexpected places. The deal was structured as a lease option, allowing John to control the property without a large upfront deposit or mortgage, which significantly reduced his financial risk. John pivoted his service accommodation strategy to provide emergency housing for local councils, creating a consistent income stream while fulfilling a community need. The property generates a net profit of approximately £9,000 per month, translating to over £100,000 annually, showcasing the potential for substantial returns in property investment. John invested around £50,000 in renovations and legal fees, which, given the high revenue generated, allowed for a quick return on investment, emphasising the importance of enhancing property value to maximise income. BEST MOMENTS "We reckoned it was about 1.1 to 1.2 million. The agent told them it was going to be worth 1.5 million. He hugely overvalued it." "We said, well, why don't we basically rent it off you for the next five years, and we pay them very similar amount to what they were getting in terms of rent." "Across the four-bedroom house and the flats, with the dance school, we get a little bit of money for the dance school every month. We take in about £16,000, £16,500 a month." "You can never judge anyone. You should be putting out the giver's game about just connecting with people, trying to help people, because you never know where it's going to land." VALUABLE RESOURCES If you would like to learn more about how you can use Purchase Lease Options with your investing register for some free training with Simon Zutshi here. https://property.isrefer.com/go/LOW/Podcast/ To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/ Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.
UK