In this week's show Simon talks about the Chancellor's proposed changes to Capital Gains tax, which are being considered in order to help alleviate the strain put upon the economy by the COVID financial measures, and the impact that these changes could have upon you as a property investor. KEY TAKEAWAYS Capital Gains Tax (CGT) is the tax you pay when you have a property that isn't your own residence, and which is sold for a profit. This increase in value is taxable. You will have a Personal Capi...
Nov 24, 2020•20 min•Ep. 60
Money comes from all over the world, so why should those outside of the UK be restricted in investing into one of the world's most valuable markets? In this show, Simon talks you through how you can invest from abroad, or use money from overseas, to build your portfolio of properties, and make the most of your UK-based property adventure! KEY TAKEAWAYS It's imperative that you have the right financial advice from someone who understand the local tax in your area of investment, It's also wise to ...
Nov 17, 2020•14 min•Ep. 59
This week, Simon discusses the second national lockdown for the United Kingdom, and how it could potentially affect you and your property investments, specifically the likelihood of what’s about to occur in the UK property market, what it means in terms of viewing and letting your properties, and what you can be doing to make the most of the situation, and remain positive! KEY TAKEAWAYS The major difference from the first lockdown is that the property market is still open during the second lockd...
Nov 10, 2020•21 min•Ep. 58
In the wake of the COVID pandemic, many are wondering if student accommodation is still a viable sector for investors. In this week’s show, Simon talks about the types of student accommodation on the market, how the sector has been affected, and the opportunities that are still out there. KEY TAKEAWAYS There are three types of student accommodation: University-owned halls of residence/apartments Purpose-built student flats Private student houses/HMOs Purpose-built student accommodation cannot be...
Nov 03, 2020•18 min•Ep. 57
In this week’s show, Simon talks you through the best practices when it comes to property joint ventures, one of the most favoured ways of seeing property deals through. There are many benefits, but there are also some pitfalls, and in this episode, Simon lays out do’s and don'ts you need to watch for. KEY TAKEAWAYS A property joint venture is when two or more parties come together for mutual joint benefit. Typically, this happens when someone finds a property deal, but then must seek an investo...
Oct 27, 2020•17 min•Ep. 56
In this week’s show, Simon talks about the ways in which you can use your own home in order to invest in property, and along the way pay off the mortgage on that home within eight to ten years! KEY TAKEAWAYS People think they can’t invest as they have no capital or savings. They are often missing the biggest asset they have - their home. Some people have equity, but don’t realise they can use it. Some people have equity, but don’t wantto use it. Some people know they have equity, but cannot acce...
Oct 19, 2020•19 min•Ep. 55
In this week’s show, Simon shares the ways in which you can use vendor finance, a creative way of funding investment deals using very little, or even none, of your own money, and which can result in huge profits for your sellers. KEY TAKEAWAYS Vendor finance usually means buying a property at full market value, but the seller themselves help to fund the deposit and any costs involved. You must find a motivated seller, who isn’t interested in a purchase lease option or similar, and who wants the ...
Oct 12, 2020•19 min•Ep. 54
Can you really buy a property with no money? Do you always need a huge deposit in order to seal a deal? In this week’s show, Simon tells you the truth about creative finance, and the inventive ways in which you can invest in property without using large sums of your own money. KEY TAKEAWAYS It’s crucial to stop thinking about the number of deals you can do, or the size of the deals you can do, based on the financial resources you have. You need to alter your mind-set completely. The easiest way ...
Oct 05, 2020•18 min•Ep. 53
Finding motivated sellers is the key to maximising your property deals, but they’re not always easy to locate. In today’s show, Simon talks you through the ways in which you can employ localised marketing in order to better discern these crucial sellers from everyone else. KEY TAKEAWAYS Going straight to the sellers allows you to expedite the sale, and also cuts out the estate agent, thereby saving your seller even more money. Leaflets are useful and effective as they can be well-targeted. You c...
Sep 28, 2020•21 min•Ep. 52
Over 500 people attended the recent online Property Magic Live event, learning from the best in the business, and gaining a new perspective, and whole new set of strategies in the process. In today’s show, Simon shares the ten most valuable lessons learned from this incredible event. KEY TAKEAWAYS Although there is a mini-boom in the property market right now, due to the pent up demand from lockdown and the seasonal variations, don’t get lulled into a false sense of security. The market is being...
Sep 21, 2020•24 min•Ep. 51
To mark the milestone fiftieth episode of The Property Magic Podcast, Simon is taking you through a very special set of secrets behind the life-changing results achieved by delegates on Simon's Property Mastermind Programme. KEY TAKEAWAYS We always look for sellers, not the property. The secret is to find the motivated sellers who are far more flexible on price and terms in order to get a better deal for yourself. Look for ethical win-wins. We are not out to take advantage of people. Acting in a...
Sep 14, 2020•15 min•Ep. 50
Many think that the only way of making money through property is to “flip” - the practice of buying a property, improving it, and then selling it on at a profit. But as Simon discusses in this week’s show, there might be a better alternative, depending on your outlook. KEY TAKEAWAYS If you flip a property in your name, the profits made are subject to income tax. If you rent it out first, and then sell it in the future, you pay capital gains tax, which is markedly different. The three main factor...
Sep 07, 2020•17 min•Ep. 49
Once you understand the Maximum Achievement Model, your investment strategy will be dramatically energised in ways you can hardly imagine. It’s a system that Simon has been teaching to his students for many years, and this week, he shares the model with you! KEY TAKEAWAYS There are three basic elements to the Maximum Achievement Model: Specialist Knowledge Mindset Support Specialist Knowledge - This allows us to apply strategies much more swiftly. There will always be strategies and techniques t...
Aug 31, 2020•20 min•Ep. 48
ROI (Return On Investment) is a formula designed to help you ensure that you’re using your money in the wisest way possible, yet many investors don’t know about it. In this week’s show, Simon talks you through the formula itself, as well as five ways in which you can make sure you’re maximising your moneymaking potential. KEY TAKEAWAYS The key to maximising your ROI is to either increase the profit you’re making, or by minimising the money you put in or leave in the deal. Look at the rental inco...
Aug 24, 2020•22 min•Ep. 47
In this week’s show, Simon dispels some of the myths surrounding deal sourcing, answers some of the main questions he hears about the subject, and how you can make money by finding deals to sell on to others! KEY TAKEAWAYS Deal sourcing isn’t just the art of selling a deal on. It’s the art of finding those deals in the first place. Being able to find those deals in the first place is far less common among investors than many believe. We only have so much capacity when it comes to making deals. T...
Aug 17, 2020•20 min•Ep. 46
In this week’s show, Simon tells you how to have profitable conversations with estate agents, how to position yourself in order to be taken more seriously, how to get the best deals, and how to make low offers without losing credibility. KEY TAKEAWAYS Estate agents should be a very fine source of deals, but their view of property investors may well be influenced by poor interactions in the past. It’s up to you to prove that you’re not a time waster. Framing your conversation well will create an ...
Aug 10, 2020•22 min•Ep. 45
Simon’s property journey has spanned the last 25 years, which has seen him accumulate a lifetime’s worth of knowledge along the way. But there are eight lessons that stand out as the most invaluable, and this week Simon shares them with you. KEY TAKEAWAYS Motivated sellers are an entirely different breed of seller. They require a different strategy, but can often net buyers huge rewards. Make sure you buy in an area with strong rental demand. When tenants move out, you should have someone else l...
Aug 03, 2020•19 min•Ep. 44
With much uncertainty at the moment, Simon discusses how to best predict what’s coming in property, how to spot market trends and ascertain their impact, and how to pick the right moment to invest for maximum returns! KEY TAKEAWAYS The population is definitely on the increase. If you look at the supply of properties per person, there isn’t enough building going on to keep up with the population growth. Converting commercial properties to residential will almost certainly start to address this. I...
Jul 27, 2020•21 min•Ep. 43
After spending a huge amount of time in meeting and helping property investors, Simon has identified the four main hurdles, or blockers, that people run up against on their property journey. In this week’s show, Simon takes each, one-by-one, and tells you how you can overcome them or avoid them altogether. KEY TAKEAWAYS The lack of relevant knowledge - When you’re new to property, you may feel like you need to know everything before you can do anything. But it’s not true. Learn as you go, and ac...
Jul 20, 2020•16 min•Ep. 42
As part of the economic recovery package outlined by the Chancellor, Rishi Sunak, property buyers are being given a stamp duty holiday in England and Wales of up to £500,000 until the 31st March, 2021. In this week’s show, Simon talks about what this payment holiday could mean for you, as well as more on government intervention and legislation, and why changes are now being made. KEY TAKEAWAYS SDLT (Stamp Duty Land Tax) Relief For Multiple Dwellings comes into effect when you buy more than one d...
Jul 13, 2020•22 min•Ep. 41
Finding a motivated seller is often a wonderful opportunity to pay less and get more, meaning you can get a much higher return on your investment. But it’s also a very good way in which to make sure that everyone can achieve a win-win without feeling as though they’ve been taken advantage of. In this week’s show, Simon talks you through the benefits of making sure that all your deals are ethical ones, and how acting with your seller’s best interests at heart can sometimes yield you even more mon...
Jul 06, 2020•26 min•Ep. 40
Purchase Options and Purchase Lease Options are powerful strategies for any property entrepreneur, but remain some of the most misunderstood methods out there. In this week’s show, Simon discusses the benefits of both, and busts the many myths surrounding them. KEY TAKEAWAYS A Purchase Option is when you have an agreement with a property owner, in which you have the right to buy that property at an agreed price, within the option period. A Purchase Lease Option is largely the same, but includes ...
Jun 29, 2020•22 min•Ep. 39
Many property investors and developers will come across large properties that would work well if split into a number of smaller units, but sometimes the cost and process can be prohibitive. In this week’s show, Simon explains an advanced strategy known as 'Freehold to Leasehold Title Split’, which can allow you to do that very thing, but in a far easier way. KEY TAKEAWAYS Look instead for properties that have already had the conversion work done. You must make sure that the property is a freehol...
Jun 22, 2020•20 min•Ep. 38
Believe it or not, there are 22 crucial questions that a potential investor needs to ask a property seller, but hardly any of us ever actually do. In this week’s show, Simon talks you through all 22, so that you’ll be better able to recognise the real deals when they appear, and avoid the hidden pitfalls along the way... KEY TAKEAWAYS Open questions are vital when talking to sellers. You need to get them to talk! Remember to listen attentively and tailor your responses accordingly. Discovering w...
Jun 15, 2020•22 min•Ep. 37
Can you drastically accelerate your investing results and save years of time? What is the crucial difference between training, mentoring and coaching? Where can you find the essential guidance that will super-charge your property journey? In this week’s show, Simon lays out an invaluable set of guidelines that can help you to step-change your investing success immediately! KEY TAKEAWAYS At the start of any property journey, all you have is your common sense and a will to succeed. It’s perfectly ...
Jun 08, 2020•19 min•Ep. 36
This week, Simon shares six simple, practical ways in which you super-charge your investment plans today. From simple decision making, to making sure you’re educated effectively, these six pointers will guide you swiftly towards the finish line! KEY TAKEAWAYS Make a decision - sometimes it’s a simple as making a commitment to yourself and to your strategy. Don’t waste time. Time is your most valuable resource. Remember that you can always earn more money, but you can’t ever earn back the time yo...
Jun 01, 2020•17 min•Ep. 35
In the second part of his look at the rent-to-rent property strategy, Simon talks about how much you should be paying to a landlord, how best to convince them to engage with your proposed strategy, and which contracts you need to have in place! KEY TAKEAWAYS Always ensure that the profit you’re making is enough to cover your costs, and still make it worth your while. The rule of thumb is to make at least £100 profit per room. A cash buffer is crucial. All landlords experience unexpected void per...
May 25, 2020•19 min•Ep. 34
In this week’s show, Simon provides an introduction to one of the most discussed, yet most invaluable property strategies: rent-to-rent. Simon walks you through the best ways in which to make rent-to-rent work for you, the advantages and disadvantages involved, and how to find the best rent-to-rent deals out there. KEY TAKEAWAYS Rent-to-rent involves finding a property owner with a rental property, renting it from them for a fixed sum each month, and then letting out the property in your own way...
May 18, 2020•19 min•Ep. 33
One of the biggest barriers for many property investors is money! Some feel that they don’t have enough, while others are anxious about running low. In actual fact, there’s plenty of money out there waiting to be invested. It’s all about unlocking these cash reserves from potential investors and partners, and the best way of doing so is to raise your personal profile in order to become noticed, and in this week’s show, Simon tells you exactly how to do it. KEY TAKEAWAYS Do the people in your lif...
May 11, 2020•20 min•Ep. 32
Many think that the fastest way to make money in property is to acquire, refurbish and then sell on. But as Simon discusses this week, there might be a more powerful strategy available to you; one that will allow you to recycle the cash you already have invested, and which uses momentum to super-charge your portfolio in no time. KEY TAKEAWAYS Equipping yourself with as much education as possible from the outset will ensure that you have a wealth of strategies to call upon when for each opportuni...
May 04, 2020•18 min•Ep. 31
