Property Investing 2.0 (Raj Chengadu)

• We talk about the different stages of property investing and the long term plan for building a portfolio
• Susannah talks about focusing on the efficiencies within your properties and sweating the assets
• We discuss the current market and interest rates
• cashflow vs capital growth
• Investing in a downward market

• What we wished someone had told us when we first started in property?
• What we've changed our minds on in the last year when it comes to property?
• Cashflow vs capital growth... What do we invest for?
• Our favourite projects and strategies
• The biggest challenge from a project
• and much more

Richard & Brynley Little are father and son, 2nd and 3rd generation developers. Their combined experience stretches over 50 years working with land owners and local authorities to build over 3000 residential properties. They have worked with development partners across the UK, developing everything from single dwellings to 100+ unit projects.

In this episode we discuss the lessons to surviving multiple development cycles. The mistakes people make when appraising a project and the behaviours and traits that make a successful developer. 

Food for Thought Friday- Short fire episodes of thoughts, challenges and lessons Raj has had in property investing and business.

Today's episode is on Joint Ventures and how they can help on your property investing journey. 

Raj shares how JV's and partnerships have played a big part in his property investing and business endeavours. He also shares 3 of the key elements required to make a property deal work. 

• The Managing Director of Star Property
• Full-time in property for 9 years
• Executed most investment strategies from BTL, HMO, blocks of flats,  Mixed-use and commercial to residential conversions
• Bought in multiple countries
• Built an £80m portfolio
• Started multiple property-related businesses and is building an end-to-end property solutions business

• Scaling a large property investment business
• Risk management- coming from a professional gambling background
• Why he's launched multiple property-related businesses
• Infinite monkeys on a typewriter
• Timing deals & managing cashflows

Akhil Mair is the managing director of Our Mortgage Broker- a specialist property finance brokerage. He has worked with a number high profile property investors within the UK.

He deals with a range of financial services, from traditional BTL options, to bespoke commercial and residential solutions. 

In this episode we dive into a Q&A on mortgage lending for property investors. We discuss all things BTL and touch on many creative strategies- From HMO lending, Build-to-Rent, commercial valuations and more.

Akhil talks about lender criteria and what they can look for, in terms of the investor and the properties.

Finally, Akhil provides an update and his view on the current mortgage market.

Enjoy!

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Get in contact.

Email- raj@propertyinvesting2-0.com

Timestamps below, if you want to jump to a certain question or area of discussion.

9.50- Can you get a BTL without owning your own home?

17.22- What criteria do the lenders look for in the property itself?

19.21- Do you need experience to get an HMO mortgage?

26.07-How does stress testing work?

31.56-What to consider when buying in an LTD?

33.10-Build-to-Rent & lender exposure issues.

41.03- What is the 6-month rule & how it can affect remortgaging?

46.10- Commercial valuations

Today we welcome back Jason Patterson to the show.

Jason has been investing in property for over 20 years now, specialising mainly in purchasing short lease properties in North London. 

In that time he has gone from stacking shelves in Sainsbury's to building a multi million pound portfolio and becoming financially free. 

In this episode, Jason shares with us:

• Some of the lessons from 20+ years in the game

• He takes us through what he looks for in his deals

• The metrics he uses for his property strategy

• The challenges and things to look out for

• How leasehold reform will affect his strategy 

• And what he would do differently if he was starting again today. 

This and much more… 

Enjoy!

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Developers Boardroom 2.0

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GET IN CONTACT.

Email- raj@propertyinvesting2-0.com

Linkedin: https://www.linkedin.com/in/raj-chengadu-11381b69/

Instagram: https://www.instagram.com/propertyinvesting2.0/?hl=en

 Guest:

https://www.instagram.com/jasonpatterson365?igsh=MTJwczc5bm45ZXhwOQ==

Previous Episode with Jason:

https://podcasts.apple.com/gb/podcast/a-masterclass-in-short-lease-property-deals-with/id1515444875?i=1000535992122

*Disclaimer*

As always, the content in this episode is for informational and entertainment purposes only and are the views of the host and guests. This information is NOT financial advice. Please speak to a professional advisor and do your own due diligence when looking to invest in property and business.

• I share a BIG change in my property journey and reflect on some of my current thoughts around it.
• I dive into the importance of knowing your core intrinsic values and staying aligned with them.
• Knowing when you are on the wrong path & when to "quit".
• The 5 key questions that have helped me through this process.

• Laura takes us through one of her luxury holiday let projects- a large old manor house conversion
• We discuss the numbers and figures
• The biggest lessons and take aways
• Laura shares the reality of when a project doesn't quite go to plan and how she was able to navigate her way through
• We discuss the challenges with finance and lending on this particular project
• The importance of having good relationships and multiple exits in this industry
• What she wished someone had told her when she first started in property

Today we are joined by entrepreneur, investor and tax expert Shaz Nawaz.

Shaz is a chartered accountant and managing director of AA chartered accounts- Where they specialise in business and property tax advice.

Shaz is also a professional speaker, author and property investor himself, with his current projects totalling over £22m in GDV.

In today’s episode we discuss some property investing tax tips, ways to potentially pay reduced stamp duty rates and what to consider when buying investment property in personal names vs LTD.

• The importance of self awareness and identifying your unique abilities
• How he first got into property and acquired his first HMO
• How he was able to test the model ahead of time, establishing proof of concept
• Why franchising isn't necessarily about the product you're selling.
• The importance of risk management

Ahmed graduated university in 2016 and within a couple of years managed to do over 40 serviced accommodation (SA) deals and built a successful rent-to-SA business. He managed to do this funding the entire business using other peoples money and running everything from a smart phone an internet connection. 

In this episode we discuss the insights into Ahmed's strategy and how automation and systems allowed him to scale his SA rental portfolio. 

• Stuart takes us through his story of how he built up a successful loft conversion company and then made the leap into developing his own projects.
• He explains why he effectively runs 2 strategies along side each other- commercial to residential conversions into blocks of flats, but also HMOs.
• Stuart explains why he doesn't sell anything and how his JV structures and model allows him to hold everything back for long term rental.
• We discuss the ins and out of his investment strategy. From his chosen locations to why he's niched down and focuses on buying bank buildings.
• Lastly, he shares a number of the lessons he wishes someone had told him.

• Sarah shares her inspiring and incredible story of building an 8 property portfolio.
• How she discovered her high-end serviced accommodation model.
• She shares the types of projects she focuses on and why
• Why guest experience is key.
• Lastly, Sarah shares the importance of working on your mindset and investing in yourself. 

• We get an insight into Jay's backstory and how he became a successful property investor.
• How he went from being expelled from school to managing over £3billion worth of assets.
• He shares why to prefers property trading over holding long-term as a landlord.
• How he turned £1million into £5million in 18months... On one deal. 
• The fundamentals of trading deals and the importance of having the right metrics

• What are capital allowances?
• How they can help reduce your tax bill.
• Which properties and investing strategies can claim capital allowances?
• How to claim capital allowances?
• Are these tax savings different when claiming in a LTD vs sole traders and partnerships?

• How John first got into property
• The challenges of growing up with a stammer
• The current market conditions and where he is focusing his efforts
• How he analyses deals and what new developers get wrong
• His property development lessons & principles

Darren Williams is a leading property investor based in the UK in Cumbria.

He specialises in the BRR method (Buy Refurbish Refinance) of property investing, in an aim to build a portfolio for the long-haul.

In 2017 Darren had 4 BTL properties and managed to double his portfolio in just 4 months. Today, he has a portfolio worth over £1.6million and he runs Elite Property Solutions, where they help people to source and renovate property deals.

In this episode Darren shares how he has gone from a council estate upbringing to having over a £1million property portfolio and becoming a full-time property investor.

We discuss the challenges of growing up with dyslexia, but how that helped lead towards the entrepreneurial path.

Finally, Darren shares a few of his investing rules and lessons that he has developed from past projects.

Enjoy!

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BOOK YOUR 1-TO-1 FREE CALL WITH RAJ (limited slots available)

https://calendly.com/propertyinvesting2-0/free-1-to-1-call

• Her value investing principles.
• Why she decided to exit from all her HMOs a few years back.
• What it's like to be a judge on TV's- Property Graduate
• A couple of her most recent projects with fantastic BRRRR returns!
• Her thoughts on crypto & blockchain and its future impact on the property industry.

Mark Stokes is a well-established entrepreneur, author, business investor & of course property investor.

With 26 years of Board level business and property expertise, in the construction, energy and telecoms industries, Mark has founded and operated many businesses home and abroad deploying complex global infrastructure projects from £1million - £1billion.

He has become very well known in the UK property investing industry, amassing a sizable portfolio ranging from HMO's to large commercial conversions.

In this episode we discuss the corporate transition to the property investing world. Mark explains his reasons for leaving a hugely successful career behind. How that has allowed him to spend more time with his family and take control of his own personal economy. Furthermore, we dive into the lessons, realities & considerations of what it really takes to leave corporate life for good.

Enjoy!

• we discuss the proposed changes put forward by the new government, that could disrupt the BTL market
• The Renters Rights Bill
• The removal of no fault evictions
• Rent caps
• Leasehold reform and the move towards commonhold

Mike Bristow is the CEO and co-founder of Crowd Property, one of the UK's leading property peer-to-peer lending platforms. 

Since their launch in 2014, they have build a platform with thousands of investors and have invested close to £100 million into small and medium sized development projects. 

In this episode we discuss the ins and outs of Crowd Property, peer-to-peer lending and how its works for both the investors and developers. Furthermore, Mike also discusses his views on the current flexible working environment and investing during these "interesting times". 

• The life of a pro golfer and the transition to full-time property investor.
• The ins and outs of a couple of his property deals including the figures & returns.
• How he operates his particular HMO Model.
• Why student HMOs and how he achieves higher rents than the average.
• His pro-golfer mindset exercise, that now helps him as a property investor.

• Going from being an estate agent to property developer
• Insights into planning gain
• Buying a 27 arce site unconditionally and the lessons learnt from that deal
• Why I focus on high end property and not entry level homes
• The first 3 things I look for in a pre planning site.
• Finding deals and what people get wrong

Adam Huzzey – Entrepreneur, Property Investor, Developer & Mindset Motivator.

Adam is an enthusiastic entrepreneur who prides himself on his meticulous need for structure and organisation. His journey as a property professional really began in March 2007 when he undertook his first property course.

Adam had the option to leave his nine to five job at the end of 2016 and is now investing and developing property full time. He is constantly adding to his portfolio, which is currently over 78 properties and includes BTL, HMO & Commercial.

In this episode Adam shares how building strong, long lasting relationships has been one of the keys to his success in property. He also shares his early property investing lessons and his fundamentals of business. 

Lastly, we dive in why he sold his successful kitchen business to focus on property full time. 

Enjoy!

• Andy shares his incredibly inspiring story of how he got started in property.
• Why he focused on building his own HMO portfolio, but also decided to build a business of R2Rs and managed units as well.
• We talk about some of the challenges facing HMO Landlords today.
• What his limiting beliefs were when starting out.
• And much much more...

• How he got started in property & why he focused on Co-living.
• Developing the skill of buying right and adding value.
• 2 great past projects at different investment levels (beginner & advance).
• The importance of analysing the data
• Testing design concepts and ideas

• How they went from R2Rs to buying their own HMOs
• The top lessons from a couple of their past projects
• Going from an employee mindset to an entrepreneurial mindset
• Their biggest challenges in the current market
• Successful behaviours and habits
• What they wish they knew starting out

• We discuss the recent changes in SA regulations and the introduction of Section 24
• What people get wrong when they first start out in SA
• Why Leigh focuses on the high end luxury market
• What the future of SA and the hotel industry looks like

Food For Thought Friday- Short fire episodes of thoughts, challenges and lessons Raj has had in property investing and business. 

Today's episode is based on a short article Raj wrote a couple of years back. A list of 7 of the biggest lessons he has learnt so far on his property investing and development journey. 

• A 2 phase development project consisting of both renovation and new build elements
• The figures and returns
• How David found the deal and what he saw that others missed
• How David went about adding value to the project
• The plan vs reality and what ended up happening
• The lessons and biggest challenges
• Dealing with nitrates
• What he wished someone had told him when first getting in property development
• We announce our exciting new joint venture

Kamila, known as #SAgirl shares her inspiring journey of going from £120k in debt, to creating multiple 6 figure businesses using her favourite strategy – Serviced Accommodation (SA). She managed to achieve this all within the space of a few short years.

In this episode we dive into the ins and outs of the SA and R2SA strategies. But also discuss the entrepreneurial mindset and how her SA business made it through the initial COVID lockdown.

Enjoy!

• The current market and investing in 2023.
• Which strategies will work well over the next couple years
• The types of projects he's personally looking at himself
• Why some people don't get the results they want in property
• Why he decided to sell his business (PIN)
• What do you prefer- Property Training or Property Investing?
• His 5 golden rules to investing in property and which rule is the most important

Food For Thought Friday- Short fire episodes of thoughts, challenges and lessons Raj has had in property investing and business. 

Today's episode is on sunk cost bias and how it can affect our decision making when investing in property deals. 

Just because you spent a lot of time, effort and money on a past decision, does not give that any greater value over today's decisions and choices. 

Evan Maindonald has been a full time property investor and developer since 2002 and has built over 100 properties in and around the London area. His company (Melt Property) has a current project pipeline of development value worth over £150 million. 

Evan's projects range from new build developments to mix use commercial "Aparthotels". In this episode we dive into his current shift towards mix use commercial developments and how he maximums the value of his sites through planning enhancement. 

• His story of how he went from 37p to £100million
• His struggle growing up with dyslexia and ADHD and how they later helped him grow his businesses
• What he believes is the biggest thing that holds most people back from becoming successful in business
• What he wishes someone had told him at the start of his entrepreneurial journey

• The current market & a recap on how we got here
• Mortgage rates, inflation & house prices (the key influences)
• Property finance & how bridging loans work.
• What is capital stack?
• The challenges facing different property strategies
• Where the opportunities are

• Rosie's journey of replacing her income through property investing.
• Why she chose to invest 5 hours from home doing different strategies.
• The ins and outs of her 12 bed HMO conversion and why she wouldn't do it again.
• Limiting beliefs around raising finance and finding deals.
• Telling people what you do and holding yourself accountable.

• We dive into those strategies to get better understanding of how they work.
• From finding them, to structuring and the returns to look for.
• Mark goes through a number different examples of deals he's done
• We discuss how he works with the vendors and agents
• And lastly, Mark shares 3 things he wishes someone had hold him when he first started in property.

• Which sites to avoid??- Considerations when looking for potential plots for residential development.
• What are your options if a planning application is refused?
• What is the appeal process for a planning refusal and how it works?
• What is article 4 and how is it used? (HMO example)
• Why planning takes so long?
• Serviced Accommodation and Airbnb rentals- changes and legislation

• The benefits of commercial property compared to residential.
• Adding value in commercial property- without doing physical refurb works.
• Valuing commercial properties-typical LTVs and rates
• Creating your own capital growth and not just being reliant on the market.
• The current commercial market and future opportunities.

• How he fell into this unique glamping model.
• The important operating systems and processes to help run a successful SA business.
• The need for redundancies and fail-safes.
• How he is building a holiday rental portfolio.
• Lessons and challenges from his business and property investing journey.

• My 2021 property investing journey
• Things not going to plan
• Deals falling through
• Adapting to the market
• Current projects
• 4 big lessons from the past year

Peter Iwaniszewski is a successful property investor and entrepreneur. 

Having started with nothing, Peter has manged to build a multi-million pound property portfolio over the last 10 years. His portfolio of 30+ rental properties allowed him to quit his job and buy back his time to work on his own terms. 

He is also the owner and managing director of Embrace Property- a sourcing and property management Business. 

In todays episode we pull back the curtain to get a glimpse of some of the realities that come with building a rental portfolio. We discuss the benefits that can be achieved, but also dive into the challenges that can crop up and the pitfalls to avoid. 

• Steve takes us through his entrepreneurial journey
• From starting 2 successful businesses and becoming a millionaire by his early 30s
• To losing everything and having to start again and what the important lessons and takeaways were from that experience
• Steve explains how he started one of the first property investing franchises in the UK
• Why he exited that business to get into angel investing
• We discuss the importance of self awareness and finding your particular "unique skill"
• Lastly, Steve shares how he goes about setting goals at the start of a new year and holds himself accountable to them.

• What is supported living and how does it work?
• Why has supported living become a hot topic in the property investing world?
• What are the benefits to investors and the tenants?
• What properties best suit this model?
• What are the challenges to look out for?
• Lastly, Lisa takes us through one of her first projects using this model.

In this bonus clip, Jack Jiggens gives us an insight into the world of "assisted sales". A strategy and tool that can be the difference between a property deal that stacks and one that doesn't. By effectively joint venturing with the vendor on the project, you can save significant purchase fees upfront. Not only can there be large cost savings to go on the bottom line, but Jack also explains the added long-term benefits of these types of deals as well. 

Listen to the main episode with Jack here- https://open.spotify.com/episode/34TJp0RwCmZRMOdTH9h4Y2

Juswant Rai is a very well know investor in the UK property industry.

Him and his wife Sylvia for many years ran the infamous Berkshire Property Meet. Which at the time was the biggest property networking event in the UK.

Juswant began his career in IT and was “Mr 9 to 5” for life, working for the same company for over 11years, before discovering a new way through property.

since beginning his property journey in 2005 he has gone on to build a successful portfolio, focussing mainly on HMOs and creating a lifestyle that meets his wants and needs.

In this episode Juswant shares how he was able break away from the employee mindset and start a new life as a property entrepreneur.

He explains how he went from zero to having the biggest property networking event in the UK in less than 6 months. Juswant then goes on to share his insights into the biggest networking lessons and mistakes.

We finally discuss a few of his property investing rules and what he looks for in his HMOs.

Enjoy!

Dan Eaton is a skilled property investor, developer and public speaker.

His strategies primarily involve Serviced Accommodation (SA) and Commercial Conversions. 

• A fantastic BRRR deal
• The figures and returns
• The strategy and deal structure
• The lessons and biggest challenges
• How Garrett sources and finds his deals
• And the importance of managing leverage and "staying in the game".

• How Kristina went from being a professional singer to successful property investor
• How she raised finance for her first deal
• Why she sold all her HMOs and started again with BTLs
• Kristina takes us through the biggest lessons and challenges from her largest project to date
• Finally Kristina shares what wished someone had told her when she first started in property

Mike Frisby is a full-time property developer, investor, mentor and strategist.

He is one of the most prolific investors in HMOs on the South Coast of England with hundreds of residential units and a multi-million-pound property portfolio.

In this episode we dive into the ins and outs of HMO investing. Mike shares his early mistakes, lessons and investing tips. He also discusses the importance of “rentability” with HMOs and what behaviours help separate the top performers in property from the rest.  

Rory O'Mara is a property finance specialist and is the founder and CEO of Closed Bridging Finance. He has been lending his money to property investors and developers since 2006. As an entrepreneur and investor himself, he has a unique perspective and understanding of property investment projects. 

In this episode Rory gives his straight talking insights into property finance and his thoughts on the impacts of COVID-19 on the UK economy and property industry. 

• How he priorities the high-value tasks to allow him to take action in the rights areas.
• How sourcing deals is absolutely key and the ways he goes about this. 
• He also shares his views on a much discussed debate of investing up North vs down South.

• Kirsty shares her valuable insights into the world of commercial property.
• From the current trends and opportunities
• To how you add value and finds deals
• We discuss the comparisons and differences between commercial & residential (the benefits and drawbacks)
• And lastly Kirsty takes us through one of her recent projects where she created over a 40% uplift.

• we dive into the commercial property world of flex space and the CMO model (Commercial Multiple Occupation).
• Jerry explains many of the ins and outs of how this model works- from the types of tenants, to the types of buildings, and best locations as well. 
• We discuss where this model sits within the changing world of commercial property post pandemic.
• And why commercial investing like this, is a potential big opportunity that many residential investors tend to miss.

• How he sources his sites.
• Why he went straight into larger development deals.
• What he regrets not doing in property from the start.
• How he went about finding the right mentor.

• The dangers of being too comfortable.
• Why asking for 3 quotes is a waste of time.
• When should you pay your builders?
• What is snagging?
• What should go in the specification of works?
• How to make refurb notes on an initial viewing.

• How the lease extension model works.
• Jason's first deal.
• The importance of the 80-year mark on a lease.
• what length leases to go after and what lenders to use.
• The triple threat- 3 ways to add value to refinance your money back out of a deal.
• How to search for short lease deals
• How to extend the lease
• How to calculate the cost of the lease extension.

Rob has been developing property for almost 20 years now. He started with small refurbishment projects and now specialises in commercial conversions. His company-King Property has current and completed projects worth over £16 million in asset value.  

In this episode we discuss the insights into Rob's property strategy and the ever important lessons he has learnt along the way. 

• His property journey and why he chose Leeds as his investment area
• His 34 lessons by 34
• How he built his property sourcing business and what some of the challenges were along the way.
• Losing a multi-6-figure sum of money and how he took "ultimate responsibility"

Lloyd Edge is an Australian property investor who has achieved financial independence through strategic property investing. He is the author of Positively Geared, a book in which he wrote about his journey from a high school teacher to building up a large property portfolio, which is currently worth over $12 million.

• Life as a musician and the transition to property- "Keeping your passion your passion".
• David's first commercial conversion project- The details & figures.
• A "no money down" (or very little) JV on a large 9 unit development project.
• Success with direct-to-vendor marketing. 
• The importance of pre-construction planning & liaising with your fire officer.

• Where to start when creating change?
• Goal setting and creating milestones
• What stops us from hitting our goals?
• Motivation and breaking habits
• Measuring results
• The importance of the right environment and who you surround yourself with

• We dissect one of Arthur's most recent commercial projects
• Arthur takes us through his strategy and how he found the deal
• He explains why plan A didn't work, but how plan B will allow him to create close to a seven figure uplift.... without even developing the site
• We discuss adding value in commercial property
• What he prefers to invest in- residential property or commercial property?
• The importance of having multiple exit plans
• And the biggest lessons and challenges from this particular project

• Lifestyle businesses vs scaling businesses.
• Running small businesses with big margins
• How to leverage yourself out of your business- trading less time for more money.
• The danger of recurring income
• And much more

• Why use a planning consultant?
• Permitted development rights- What are they? What's the benefits of these rights?
• What is the 56 day rule under a prior approval application?
• The types of prior approval developers can use that don't involve a full planning application.
• When might you use permitted development and prior approval applications with a full planning application?

Food For Thought Friday (FFTF)- short fire episodes of thoughts, challenges and lessons Raj has had in property investing and business. 

Today's episode is on the main reasons why people tend to never get started in property investing. These reasons have also held Raj back on his journey in the past and they may likely be different to what you think they are. It's important to be aware and recognise these areas and ask yourself if they are holding you back on your property journey?