‘I’m on my fifth property cycle’ David shares his considerable experience and expertise answering the questions deal packers are asking about how to deal with strong growth in house prices. He explains how to get creative and explains exactly how and what you should be doing as a deal packager. There are still great deals out there if you utilise your team and property knowledge effectively and really understand what you are doing. David has experienced the property cycle several times over as a...
Mar 09, 2020•20 min•Ep. 85
David uses two case studies to illustrate exactly how to work out a below market value offer the right way. He has been working with 2 new deal packagers who are part of his community and uses his considerable experience in deal packaging to explain the process and calculation that needs to be done to make sure the numbers add up and it is really a good deal and has taken into account all costs involved. KEY TAKEAWAYS Deal packagers sometimes want to make BMV offers. If you are going to do Below...
Mar 02, 2020•13 min•Ep. 84
How Did I Start Deal Packaging? In todays episode, David explains his journey from buy-to-let investing in 2004 to Deal Packager. He says it started sort-of by accident! David describes the baby steps needed to start Deal Packaging and how he started himself! David describes that this is not just his story, that it is quite a common one in the property world. “The power of Deal Packaging is that you can tag it onto any other strategy… and the deals that don’t quite meet your criteria… you can pa...
Feb 24, 2020•8 min•Ep. 83
‘What Should I get paid?’ In this episode, David answers the question all new deal packagers are asking It can be easy to not put a high enough value on your time and effort but as David looks in detail at the extensive work that is required to source property and give the investor a deal that will work for them he brings clarity to the work that a good deal packager completes for every deal they do. If you are starting out in deal packaging then this episode is a must as it frames the many elem...
Feb 17, 2020•19 min•Ep. 82
David, has this week been asked by one of his community - Where should I go, where is my gold mine area? There are different answers to this question depending on whether you are and experienced property investor or someone new to deal packaging and property. In this episode, David explains exactly how you can source deals and get the best deals when you want a fast turnaround, whether you are an experienced property investor or new to property and deal packaging. There is something for everyone...
Feb 10, 2020•24 min•Ep. 81
If you follow these tips you can start making money straight away, other people are doing it so can you’ David shares 5 top tips for deal packers starting out that they can use right now. So…… if you get busy and get started, don’t change the area you are working in, change the strategy to make it work, remember it’s a people business, network like crazy and always follow up then you can start making money now. Using these great tips there are deal packaging entrepreneurs out there in deal packa...
Feb 03, 2020•19 min•Ep. 80
Always eager to help you take your property business to the ultimate level, David this week answers one of the most common questions thrown his way: “David, I’m New! How do I build my brand so that people come to me; so that they know who I am - where do I find investors?” Finding investors seems like a tall ask at the beginning, when you don’t have a reputation to speak of. How do people with money know that they can trust you? It’s all about building credibility, making connections, creating c...
Jan 27, 2020•38 min•Ep. 79
‘I’m positioning and layering credibility at every point by explaining what you need to run an HMO successfully’ Its 2020 and David is back at work deal packaging and in this episode shares the process and a detailed template for selling an HMO to investor clients. This is a great episode that takes you step-by-step through the process from the moment you first take your investors on ‘patch’ with David explaining in detail how you can keep selling your credibility and the deal package effectivel...
Jan 13, 2020•22 min•Ep. 78
Getting it off the market you can do it! It’s a problem that comes up time and time again - The problem of getting a property off the market when it’s with an estate agent. In this episode, David focuses on the strategies you can use effectively to get a property off the market. New deal packagers think it’s a big leap for someone to provide them with proof of funds but a serious investor will have no problem with this and a good relationship with a local estate agent makes all the difference. E...
Dec 30, 2019•18 min•Ep. 77
David is sat under his tree wearing his Santa hat, reflecting on the last twelve months, readying himself for 2020, and readying himself to share some deal-packaging wisdom. Deal packaging is very simple. It’s about finding an investor, finding out what that investor wants, and the finding a deal that meets that criteria. This week’s episode is a Christmas gift for you; a brief guide on finding those investors and finding those right deals! KEY TAKEAWAYS Pick two property network events near you...
Dec 23, 2019•18 min•Ep. 76
David discusses what a BMV property is and what a OMV property is and discusses how he doesn’t understand what they are. In this episode he also discusses his strategies and what concepts he does and doesn’t include in his business. KEY TAKEAWAYS What does below market value mean? We’ve all researched prices and what we think properties are worth. You can have a street where properties are sold at completely different prices. Properties that are a lot cheaper but need a large amount to do the pr...
Dec 16, 2019•8 min•Ep. 75
When you’re starting out, it can be tempting to just rush out there and source as many deals as possible. But hold your horses! There is a process you should be following, especially when it comes to dealing with estate agents, and in this episode David explains what it is, and why it matters. KEY TAKEAWAYS Find your investor clients first! That should be the first step in any deal packager’s new venture. Find out what their criteria is, and then you can find the types of deals that they will bu...
Dec 09, 2019•17 min•Ep. 74
‘Anyone new to deal packaging is probably asking these questions in their head but might not be sure about where to find the answers’ In this episode, David answers questions from a new deal packager. These are the sorts of questions anyone who is new will have wanted to know the answers to; How do I find a deal? How long does should I spend looking for a deal? When will I get paid? What stops someone stealing my deal? How do I find an investor? Are the skills needed to joint venture and deal pa...
Dec 02, 2019•28 min•Ep. 73
Welcome back to Property Sourcing Profits Podcast! In this episode, David has been asked a very important question by new property sourcing starters; "When I meet a potential investor, what do I say?" David's says the answer is in these 4 questions to any potential investor; What do they want? What are you looking for? Be clear on what your investor is looking for before you start looking! Avoid wasting your time, theirs and sellers by not knowing exactly what they are after. Whether that's the ...
Nov 25, 2019•6 min•Ep. 72
‘If you want to get into property, new people can do this and make money from it’ David is in Dublin at the Multiple Streams of Income event and is taking time out to do a ‘live’ providing a succinct overview and answering key questions about why deal packaging is an effective strategy - whether you are new to property or already working in the property arena. There is great content in this episode with the questions anyone who is thinking about this as a strategy will be asking themselves. If y...
Nov 18, 2019•21 min•Ep. 71
‘I like to maximise my rental income from every single property’ The foremost expert in the field of HMO’s Jamie Madill joins David to talk about HMOs and the importance of starting with the end in mind. They discuss the rules and regulations surrounding this type of rental property, licencing, builders as part of your power team and why you should always be transparent, realistic and communicate well. This episode has something for anyone who is considering or already has an HMO with Jamie who ...
Nov 11, 2019•38 min•Ep. 70
In today's episode, David recaps the 4 most important things he learned after meeting new potential Property investors! This is what David learned You have to understand that investors have a planMake sure you are prepared! I can’t tell you all the times i have sourced a deal for the investors to then explain they want you to do it all! Have a refurb team, a management agent etc all waiting in the wings for when you might just need them. Not only will it get you out of a pickle but also show you...
Nov 04, 2019•7 min•Ep. 69
‘There is going to be a boom and there is going to be a bust what’s going to come next, we don’t know’ This episode is about property and Brexit, Is it making an impact on the market? and if it is making an impact, what is that impact? going forward what difference will it make? As deal packagers and property investors we are affected by what’s going on in the world David has researched what the current situation is and what the people who work in the property space think are the most likely pos...
Oct 28, 2019•25 min•Ep. 68
In this episode, David is talking with Katy Wilson who quit her job and in a very short amount of time has built a successful deal packaging business in parallel with a growing property portfolio. They discuss how to find the right properties in the right location and using social media effectively to find investors. Katy shares some great nuggets that will benefit anyone in deal packaging in this informative and inspirational episode listen in and enjoy KEY TAKEAWAYS Before deal packaging I wor...
Oct 20, 2019•31 min•Ep. 67
This week, David is “super, super excited” to be bringing you some news, hot off the press. Literally... Yes, David’s new book, ‘Get Into Property’ is out, and David is here this week to tell you all about how he wrote it, why he wrote it, and what you can expect from what’s sure to become one of the definitive texts on how to make money in property. KEY TAKEAWAYS David wrote ‘Get Into Property’ because there’s never been a book like it. In other words, there’s never been a book with David in it...
Oct 06, 2019•27 min•Ep. 65
‘As deal packagers, we need investors and deals, it’s a people business’ In this episode, David answers questions from the Progressive Community. He has reached out and asked – ‘What’s stopping you moving forward?’ and shares in-depth advice in response to specific questions around deal packaging and deal sourcing. The questions are wide-ranging but there are key messages for every deal packager and deal sourcer listen in and find out what you should and should be doing on your journey to succes...
Sep 29, 2019•45 min•Ep. 64
‘There is no conformity at all‘ In this episode, David shares the current situation nationwide concerning banding for council tax of HMO’s. The legislation allows for the ‘discretion of the assessing officer’ and there is now a lack of conformity across authorities. If you are a deal packager or deal sourcer this podcast has vital information that you need to know about, Listen in now KEY TAKEAWAYS The VOA(valuation office) for council tax is looking at HMOs and in certain circumstances taking a...
Sep 22, 2019•20 min•Ep. 63
‘The skills that you learn in deal packaging can be used across different areas of property’ In this episode, David is in conversation with Ben Chambers who shares his progress as a property sourcer. Ben was new to property when he came to Progressive in 2018. He went through the Deal Packaging training and the DP Mastermind and in the final month of his Mastermind , at the end of 2018 he had completed ...... one deal However he kept on going, implementing what he had learned and in the next 8 m...
Sep 15, 2019•44 min•Ep. 62
‘It’s a people business, not a property business if you can find out about the people issues you can find a way forward’ In this episode, David is joined by Cheryl Siegler, a property expert who knows and understands the ebb and flow and nuances of property issues. Together they are answering questions from the Progressive Community, deep diving to provide great value and the benefit of their extensive experience. These questions are critical to your property success so listen in and make sure y...
Sep 08, 2019•41 min•Ep. 61
Estate agents are a massive part of the industry, but what happens when you just can’t seem to source the deals you want from them? Is there anything you can do about it? Did you know that according to some research, Rightmove still has 90% of all property listings? Like it or not, when it comes to sourcing deals, they’re a force to be reckoned with, and with David’s help, you can move things forward when it comes to your estate agent dealings. KEY TAKEAWAYS The great thing about deal packaging ...
Sep 01, 2019•28 min•Ep. 60
If you’re new to deal packaging, then you might feel a little bit lost! Which assets do you need in order to get started on your journey? Well thankfully, it’s a question that David was asked to answer lately, so he’s here with you today to share his list with you. These are assets you need to have in order to allow investors to invest in your deals as painlessly as possible, and it’s a list that might surprise you… KEY TAKEAWAYS Solicitors - Trade solicitors or property solicitors, preferably p...
Aug 25, 2019•30 min•Ep. 59
In this episode, David unleashes the strategy that’s guaranteed to work when you’re trying to source deals and find your goldmine area. He also covers the importance of doing certain things when sourcing the deals, listen to this episode to find out more! KEY TAKEAWAYS Where can I find my investors? Put yourself out there, shout about what you do, your experience and your town. Be present on social media in particularly. If there’s nothing out on social media about you doing deals, then no one’s...
Aug 18, 2019•16 min•Ep. 58
The property market has gone through drastic changes since God knows when—from several recessions to market crashes to political changes and a lot more. It’s not as easy as you think, but when being cautious, you can emerge as a property winner, just like our guest in this episode of the Property Sourcing Profits, Sheryl Siegler. David, your host, and Sheryl has been enjoying the benefits—the freedom, the wealth, the comfort, etc.—of property investing since the 90s. Today, they share the hits a...
Aug 11, 2019•38 min•Ep. 57
The spirit of this episode is ‘compliance is simple’ and compliance must be your favourite subject if you are going to source deals for your investors and keep them happy. David updates compliance and reveals a ‘blow your socks off’ anomaly, a kink in the system currently that could help any deal packager to get started and go faster. It's vital to be compliant as you move forward and in this episode, David shares current advice on what you now need and don’t need to be a compliant deal packager...
Aug 04, 2019•26 min•Ep. 56
Turning a property into a HMO (House Of Multiple Occupation) can be a wise idea, but many don’t know how to accurately cost the project, and more importantly how to present these numbers to investors. In this episode, David walks you through each step of a hypothetical project, allowing you get a feel for how each process works, and giving you a much better idea of the costs and practices you should be looking out for, and by the end of the episode you’ll have a guide on how to answer your inves...
Jul 28, 2019•27 min•Ep. 55
