Across the course of the past 27 years, Simon has seen huge success in property investing, but there have also been a fair share of mistakes, some of them costly. To mark this special milestone episode, Simon talks about the property advice he would have given to his younger self all those years ago, in the hopes that you may avoid these costly errors on your own property journey. KEY TAKEAWAYS Treat your property investing like a business. If you do this, it means you'll make money accordingly....
Aug 15, 2022•16 min•Ep. 150
With drastic changes having taken place in the banking world, and interest rates changing due to economic pressures, many investors are wondering what the property investing landscape will look like. In this episode, Simon explains everything. KEY TAKEAWAYS Mortgage rates and interest rates are due to rise sharply. This is why so many experts have advised the securing of remortgages in the past year. If you have a fixed rate mortgage, then typically this will be higher than a variable rate, but ...
Aug 08, 2022•20 min•Ep. 149
A property time bomb has been ticking since April 2017, and many investors will be affected when it goes off, and yet if handled correctly, it could provide a huge opportunity for those in the know. In this episode, Simon explains everything... KEY TAKEAWAYS In 2005-2006, many obtained mortgages through self-certification, which essentially meant that no proof of income was required. This was an irresponsible lending time and led to the credit crunch that negatively impacted the global economy. ...
Aug 01, 2022•15 min•Ep. 148
Having just returned from the USA, and meeting some of the most successful property investors in the game, Simon is here this week to share some of the most powerful learnings he has acquired. KEY TAKEAWAYS The experience and knowledge you can gain from professionals in the investing field, is incalculable and more valuable than any other type of training. Many of the strategies we use in the UK are also used in the USA, with slight differences. Deal Sourcers are called "wholesalers". Pensions c...
Jul 25, 2022•12 min•Ep. 147
Attending property training events is all very well, but how can you make sure that you're getting everything you can from this empowering opportunities? In this episode, Simon talks about the hacks you can use to make sure you're making the most of the events that you attend. KEY TAKEAWAYS If you do not take notes at events, then you will naturally only absorb about 15-20% of what is being said. Note taking dramatically increases the amount of information you will retain. Always review the cont...
Jul 18, 2022•14 min•Ep. 146
One of the biggest changes faced by most investors is that at some point they run out of their own deposit money, leading them to believe that they. must stop investing. As Simon talks about in this episode, there are several secrets you need to know about raising private finance, in order for your investing journey to continue. KEY TAKEAWAYS When using other people's money, you need to be far more careful with how you use it, and always make sure you keep your promises. Many do not see the bene...
Jul 11, 2022•19 min•Ep. 145
Simon talks about the definition of financial independence, and discusses what it should mean to you, and why you may be closer to it than you may think. KEY TAKEAWAYS Financial independence is the art of creating an alternative income that means you don't have to work for a living. This means you're not dependant on someone else in order to pay the bills. The first step towards independence is to make a conscious decision that financial independence is what you really want in life. A problem th...
Jul 04, 2022•13 min•Ep. 144
Simon talks about how to recognise whether or not you should pull the trigger on certain property deals - how to quickly assess a deal, and why timing matters so much. KEY TAKEAWAYS Taking action is vital at the right moment. If you wait too long then someone else could swoop in and close the deal. Indecision costs money! Never back away from a deal for fear of something that might come along in its place. It's far better to have a deal in hand than hold out for something better that might not m...
Jun 27, 2022•13 min•Ep. 143
Simon talks about the the state of the UK economy, and discusses the question on all property investor's lips right now: Is the country going into a recession, and how will this affect the property market? KEY TAKEAWAYS Interest rate rises are expected to come in the following year. Therefore it may be the ideal time to fix interest rates on your mortgages if possible. Many landlords are looking to sell up as their cashflow is being squeezed. This means there are some fabulous opportunities to s...
Jun 20, 2022•13 min•Ep. 142
The most valuable asset in your property investing toolbox, is your network. In fact, as Simon explains in this episode, your network is your net worth. But what does this mean exactly, and how can you build a network that will dramatically accelerate and dynamically develop your property investing journey? Listen to find out. KEY TAKEAWAYS Although we may have people we see more than others, the fact is that you know far more people than you might think. Your network is dramatically larger than...
Jun 13, 2022•19 min•Ep. 141
This week, Simon invites you to think bigger! After all, if we are going to do anything in life, why would we not do it to the best of our abilities, and maximise our impact? KEY TAKEAWAYS Mindset is very important. We need to stretch our thinking about the things that we can achieve. We limit ourselves and use excuses in order to justify our limits. Look at what others are doing and be inspired by that. But don't compare yourself too closely as we are on our own property journey. When you think...
Jun 06, 2022•12 min•Ep. 140
In this episode, Simon talks about why you should NOT do joint ventures in property, and how in the long run they can prove way more expensive than you may believe... KEY TAKEAWAYS Joint ventures are where two or more parties come together for mutual benefit. They have a share of risk and a share of rewards. The main issue with joint venturing is that many become settled in this practice, and do not move onto the next step, which is private loans. The money you spend on a property should be far ...
May 30, 2022•13 min•Ep. 139
Fear is one of the biggest factors in preventing you from moving forward with your property investing journey. In this episode, Simon talks you through some effective solutions that you can use to combat fear, and reach far higher levels of success. KEY TAKEAWAYS We naturally produce adrenaline in order to fuel our fight-or-flight response. This puts us on edge in risky situations, and can help us to circumnavigate danger. Many people fear the opinions of others. in property, this can lead to in...
May 23, 2022•13 min•Ep. 138
Inflation is officially at 7%, and is predicted to grow even higher this year. Interest rates have begun to creep up. But how do these factors affect you and your property investing journey? In this episode, Simon talks about these rising costs, and their impact upon you. KEY TAKEAWAYS Rising costs are currently the order of the day, with everything from fuel, food and even rents rising exponentially, due to supply issues, economical conditions and scarcity. When inflation goes up, the Bank Of E...
May 16, 2022•14 min•Ep. 137
In this show, Simon talks about the ways in which you can repurpose property to suit your chosen strategy - methods that don't always require as much in the way of conversion and refurbishment as you may think... KEY TAKEAWAYS Commercial property is valued upon the rental income it brings in. This means that if it's empty, or difficult to populate, then it will have a lower value. Buying an existing building for less than the cost of building a whole new one, puts you instantly ahead of the game...
May 09, 2022•13 min•Ep. 136
In this episode, Simon talks you through one of the most commonly-asked questions in property investing - should you invest in houses or apartments? KEY TAKEAWAYS The type of residences in which you invest will largely depend on where you choose to invest. For example, apartments are far more ubiquitous in London. Outside of built up areas, houses are far more common. Younger tenants tend to want apartments, as they are generally cheaper than entire houses, and are usually located near hubs of a...
May 02, 2022•14 min•Ep. 135
Simon discusses the exciting new ways in which he is taking the Property Magic PIN meetings to a global audience, how you can become involved, and how you can benefit the most from such an exciting and invaluable innovation. KEY TAKEAWAYS In property, it really is a case of "It's not what you know, but who you know" when it comes to finding success. No one can ever know everything when it comes to property investing. Therefore, by having the finest network possible, we can always find the answer...
Apr 25, 2022•13 min•Ep. 134
In this episode, Simon shares a powerful yet simple tool - the power of gratitude - that will undoubtedly make you more successful on your investing journey. KEY TAKEAWAYS Mindset is responsible for around 80% of either your success or your failure. Without the correct mindset we cannot hope to achieve success. Ultimately, we grow into the person that we believe ourselves to be. We become what we think about. If we practice positivity then we energise and accelerate growth. By focussing on grati...
Apr 18, 2022•10 min•Ep. 133
In this episode, Simon hopes to inspire you take more action. In order to be a successful property investor, planning and consideration are essential, but they are nothing unless we execute on our ambitions and take the necessary action! KEY TAKEAWAYS Educating yourself not only saves you money in the long run, but also saves you time, stress, and the necessity to correct costly mistakes. Investing begins by motivating and inspiring ourselves, but also focussing on what we wish to achieve. If we...
Apr 11, 2022•14 min•Ep. 132
Simon shares details of the six creative finance business models that can act as accelerators when it comes to your chosen property investment strategies. KEY TAKEAWAYS Rent to rent involves your taking a property's responsibility from its owner, guarantee them a rental income each month, and rent out to a tenant at a profit. Investing in a Purchase Lease Option property is wise, and adding value to the property increases its value, making a future purchase at the agreed price far more worthwhil...
Apr 04, 2022•12 min•Ep. 131
For the very first time on the show, Simon talks about the sixteen core property investing strategies - everything from residential buy-to-let methods and the BRRRR system, to flips and houses of multiple occupancy (HMO). KEY TAKEAWAYS The key difference between commercial and residential property is that the tenant in the commercial property is responsible for insurance and maintenance. BRRRR stands for Buy, Refurbish, Refinance, Rent and Repeat. This is where a property is acquired for a reaso...
Mar 28, 2022•17 min•Ep. 130
Deal sourcers can be an invaluable way of finding deals that may otherwise pass you by, but as Simon explains in this week's show, in order to get the most out of their services, you must know how to work with them effectively. KEY TAKEAWAYS As a property investor, the most important skill you can develop is the finding of great deals for yourself. Therefore the biggest block between you and success is not being able to find them in the first place. You don't need to personally find deals if you...
Mar 22, 2022•12 min•Ep. 129
Valuing a property effectively is one of the most fundamental ways of ensuring that your investment portfolio can make a profit. After all, if we over pay, then the returns may be diminished. In this episode, Simon talks you through the most effective ways in which you can accurately judge the value of a potential property purchase, so as to always maximise your returns. KEY TAKEAWAYS The most reliable way of valuing a property is through like comparison - the comparing of similar properties to ...
Mar 15, 2022•18 min•Ep. 128
This week, Simon discusses the habits that all successful investors have in common, and how by adopting them for yourself, you can steer your own investing journey towards a more success KEY TAKEAWAYS Successful people have habits, routines and rituals that turn normal investors into successful ones. By embracing these rituals, you can accelerate your growth. Be very clear on what you want to achieve and why you want to achieve it. Without this you may lose motivation. Refine the searches you ma...
Mar 08, 2022•12 min•Ep. 127
Simon talks about whether or not you should be thinking about setting up a business for your property investing, and the pros and cons involved in doing so. KEY TAKEAWAYS In April 2017, the government introduced as a new tax legislation known as Section 24. This affects people who own properties in their own name, and taxes the income from property in a different way, generally working out to be more expensive. An investment business is where you buy properties to hold for the long term, the pro...
Mar 01, 2022•13 min•Ep. 126
Simon discusses the concept of how "a little bit of knowledge can be very dangerous", and how those in property investing, who possess merely a fraction of the knowledge required in order to succeed, can often limit their development by not investing in themselves, and in the guidance of experts. KEY TAKEAWAYS Factors such as equipment designed to meet regulations, are not always compatible with the requirement of these regulations. Broadening your knowledge can safeguard you from making costly ...
Feb 22, 2022•12 min•Ep. 125
Tenants are the lifeblood of your property business, but are we taking care of them effectively? In this episode, Simon talks about the value in making sure they're kept at the heart of your property venture, and how a few small steps can ensure that they become a valuable tool in helping you to grow. KEY TAKEAWAYS If you look after your tenants, then not only are they more likely to stay where they are, which can lead to a great reduction in the dreaded void periods between tenants. Many landlo...
Feb 15, 2022•14 min•Ep. 124
In the last of a three part series dedicated to Mega Deals, Simon continues his discussion on Mega Deals, and tells you how they can be achieved through providing a return on someone else's financial outlay. KEY TAKEAWAYS Most people don't even bother to look for higher-value properties because they do not believe they can be bought. But we can use other people's money! With Mega Deals, the extra rooms you have mean that you generate a far greater rate of profit, meaning more cash flow and a ver...
Feb 08, 2022•13 min•Ep. 123
In the second of a three part series dedicated to Mega Deals, Simon continues his discussion on Mega Deals, and tells you how you can achieve them with properties you don't even own. KEY TAKEAWAYS Most investors are looking for smaller deals, as they believe they have to use their own money. This means that the competition for these deals is greatly reduced. Look to rent a property from an owner, with the money that you pay for this rent being lower than you can rent the property for. This way, ...
Feb 01, 2022•14 min•Ep. 122
In the first of a three part series dedicated to Mega Deals, Simon talks about what a Mega Deal is, why you should be doing them as often as possible, and how you can do them on property you don't even own. KEY TAKEAWAYS A Mega Deal is a larger property, usually containing ten or more rooms, and which can be rented out by you. Because of the high number of rooms, a high profit can be made (between £3,000 to £5,000 per month) You don't need to do many Mega Deals in order to hit your target of rep...
Jan 25, 2022•14 min•Ep. 121
