Property Magic Podcast

This week, Simon discusses that all-important factor in your property investing journey - the power team that enables you to often take the best advantage of prospective deals, and how you can get the best out of them. KEY TAKEAWAYS The best kinds of people to include in your power team are those involved in property investment themselves, which will give them a greater understanding of what you a...

In this week's show, Simon gives you the invaluable answers to the six most frequently asked questions about property investing - arming you with the knowledge you need to succeed!   KEY TAKEAWAYS When looking for areas in which to invest, make sure to look for places where the population is increasing faster than other areas. Traditional property investing means that you'll be able to get a 75% m...

It's a very special milestone this week as Simon presents his 100th episode of the Property Magic podcast! In this show, Simon will share with you his 26 top tips to improving your property investing journey, as well your life in general. KEY TAKEAWAYS Make sure you value your time. Time is your most valuable asset. We can always make more money, but we can't conjure up more time. Treasure it. Inv...

Most property investors simply look around, copy the strategies being used by everyone else, and then wonder why they can't find great property deals. As Simon explains in this week's show, it might be time to change the way we approach our own property investment plans... KEY TAKEAWAYS Look for sellers, not for property. Most sellers are not motivated. They have a single property and are looking...

In the second part of this special conversation, Simon discusses the "Property Investor Catch-22" situation, with a particular focus upon the five different principles of creative finance. KEY TAKEAWAYS If a deal is good enough, then there will always be at least one of the five principles of creative finance, that can be applied to the situation in order to see it through. Joint venture with a ca...

In this week's show, Simon explains the "Property Investor Catch-22" situation, and how you can make sure you are able to pull yourself out of it... KEY TAKEAWAYS If you invest in property in the traditional way, at some point everyone runs out of their own money, and so they stop investing. If we find great deals, there are ways of funding these deals without using any of your own money. It's cas...

This week, Simon expands upon the ways in which we can accelerate our property success, by thinking big when it comes to the ways in which we invest, and how a goal without a plan is merely a dream waiting to happen. KEY TAKEAWAYS Thinking small is dangerous. Never in history has any great achievement occurred as a result of thinking small. Stop thinking about your own personal resources. You need...

In this week's show, Simon talks you through the ways in which you can keep ahead of the curve in your property investing journey, and how you can achieve and maintain a competitive advantage. KEY TAKEAWAYS Keeping up to date with conditions in the property market is essential in order to allow you to keep a competitive advantage, and also to allow you to better decide upon given strategies at giv...

This week, Simon shares with you the five steps you can use to accelerate your property success, including the importance of specialist knowledge, and how your network can keep your mind-set and self-development fresh. KEY TAKEAWAYS To be successful in investing in property, you will need specialist knowledge. It will give you a competitive advantage and the ability to spot deals that others might...

In this week's show, Simon talks you through his four-step process for stacking property deals, and how by following this you can greatly energise your property investing plans. KEY TAKEAWAYS Only buy in an area with strong rental demand, and accurately assess whether or not it's a viable property in terms of rental income, and how much you can hope to gain from it. Work out how much money you'll...

In this very special episode, Simon shares the top five tips collected from the top five performers on his Property Magic mastermind course - the techniques and strategies that others have adopted and utilised in order to power their way to investment success! KEY TAKEAWAYS Ensure that you follow the process exactly. When you have a formula, stick to the plan and follow the guidance all the way th...

In the final part of his five-part series on Purchase Options and Purchase Lease Options, Simon discusses how to secure option contracts in the correct way, the big mistake most amateurs make with PLOs, and how to ensure your agreements are not challenged. KEY TAKEAWAYS Most investors make the mistake of thinking that option agreements are "cut and paste", when in fact they should always have fres...

This week, Simon talks you through the creative ways in which you can offload properties that are costing you money, and also to give you a better insight into why property owners might agree to a purchase lease option. KEY TAKEAWAYS The great thing about auctioning properties is that when the hammer goes down, you get paid within 28 days. A purchase lease option provides a win-win for buyer and s...

In this week's show, the third of a five part series about Purchase Options and Purchase Lease Options, Simon talks about the ways in which you can upgrade the place in which you live, in particular, how you can go from renting to owning your own home without the need for a large deposit or mortgage, or simply increase the size of the home you do own. KEY TAKEAWAYS By living in a property on which...

In Part Two of his five-part series about Purchase Options and Purchase Lease Options, Simon talks you through the ways in which you can flip property without actually buying it, meaning you'll need less cash and make a higher return on your investment. KEY TAKEAWAYS Flips typically involve finding properties in need of improvement, working on it so as to increase its value, and then selling on at...

In the first of a five-part mini-series all about purchase options and purchase lease options, Simon examines the purchase option strategy, and discusses why you should be using them as part of your property investing toolkit, which strategies they can be used, and when to use them most effectively. KEY TAKEAWAYS The Purchase Option strategy is where you as the buyer have a contract stating that y...

This week, Simon talks all about property auctions, and gives you his ten personal do's and don't's that'll help you to get the properties you want at far lower prices, and help you to avoid making the cardinal errors that so many people make at auction. KEY TAKEAWAYS The number one reason for selling a property at auction is to get it sold quickly! Buyers exchange contracts on the very day they b...

Many potential investors hear much about how they can use other people's capital in order to get started, but where do you start? In this week's show, Simon talks you through the ways in which you can approach and attain money from others. KEY TAKEAWAYS Traditional lenders all like to ensure that you some skin in the game - that you have something at stake in the investment. Obtaining a letter fro...

In this week's show, Simon explains the BRRRR strategy - otherwise known as Buy, Refurbish, Refinance, Rent and Repeat - or as Simon calls it, momentum investing! KEY TAKEAWAYS The BRRRR strategy is the fastest way to grow your portfolio, as each deal's refinance value allows you to swiftly move on to the next. Not just any property will work for BRRRR. You have to be able to add value to the prop...

In this episode, Simon talks about investment mortgages - the six most common mistakes people make, and how you can avoid them by thinking very differently about mortgages and how they work. KEY TAKEAWAYS People ask their bank about investment mortgages, but unfortunately, they're not the right people to ask, and so bad advice can often be given. This can lead to a string of assumptions that simpl...

This week, Simon talks about a rather controversial point – that why, as property investors, you must never sell your properties… KEY TAKEAWAYS Strategies change over time as gain more experience and a wider view of the property journey we wish to take. We should always embrace a changing perspective. The main problem with selling a property is that at the moment of sale, you crystallise the profi...

This week, Simon tells you how you can replace your income with only three properties, using strategies that have worked for his many students, allowing them to achieve financial freedom. KEY TAKEAWAYS Most HMO properties should be making you a profit of around £1000 per month. That means that for the average person, who earns around £3000 per month, only three of these properties are required in...

This week, Simon talks about the most common myths associated with the HMO (Houses of multiple occupation) strategy, and why they might not be as true as you think. KEY TAKEAWAYS There's an oversupply of HMOs and so you shouldn't do them - This is only half true. Most HMOs are very average in terms of spec. Be better and you'll definitely attract more clients. They're far more work than single-let...

In this episode, Simon tells you how you make sure your property is always fully let, which will help you avoid the dreaded "void periods". KEY TAKEAWAYS When a property stands empty, it is costing you money. Make sure the properties in your portfolio are all assets and not liabilities! Sometimes work needs to be done to a property before you can move people in. Be as quick as you can, and remembe...

This week, Simon talks about the Buy-To-Let strategy, and asks the thought-provoking question of whether it might be soon consigned to history. The answer may surprise you... KEY TAKEAWAYS Buy-To-Let is a general term that encompasses a few different strategies in property investment. In essence, it is the practice of buying a property with the intention of leasing that property to a renter in som...