The online magazine from entrepreneur for entrepreneur all around the world
Going to a networking event ‘should’ be about enhancing you or your business effectiveness. There are many reasons to attend the various events around, but simply put, one will learn from the successes and failures of attendees/speakers and ideally shortcut building key relationships needed in your business with like-minded and hopefully trusted colleagues.
Once you’ve identified your target area, you can turn your attention to finding, negotiating and securing property deals. There are a number of different ways to identify and acquire property but let’s start with the most obvious – Estate Agents.
Some cities that are more expensive to live in than others and in general, properties in cities are more expensive per square meter than those in rural areas. There are different ways of calculating how expensive the property may be so to simplify it on a global scale I have used the price of property per square meter.
THE BORING BIT This section we have aptly named ‘The Boring Bit’ because, well, that’s unfortunately what It is. However, this section also includes some of the most important information and is an absolute must if you are going to build a legitimate, successful sourcing business. It’s not sexy but it’s essential, so grab a…
STEP FIVE – SOURCING THE DEAL How do I find investors? So now you’ve got your investment area, you’ve found a cracker of a deal and it’s all priced and packaged up ready to go. Now you need someone to sell it to. Just as any business, the key to a successful, ongoing business is…
STEP FOUR – PRICING THE DEAL What can I expect to earn? How you price your deals is completely up to you. It will vary greatly from area to area and depend on the type of property you’re sourcing, it’s current condition, and its potential value after refurbishment. However, there are several ways you might…
