Wealth Made Simple Podcast

In the first episodes of the Property Proficiency Workshop Series Shaz looked at the right business structure and how to benefit from the tax possibilities available in property. In this episode, he looks more closely at how to find deals and business partners and effectively use other people’s money to build your property portfolio quickly If you want to build a strong portfolio that works for yo...

Whether you are new or experienced this is the place to be to learn how to achieve true financial freedom through property and in this episode Shaz focuses on tax savings as a property investor   When you are tax efficient you can build capital and you don’t need to know all about each tax strategy you just need to be aware of the tax-saving possibilities   KEY TAKEAWAYS It depends on your situati...

Shaz shares great content from one of his Property Proficiency workshops and explains how to get started in property and on the journey to financial freedom. He focuses on business structure and the questions you need to ask yourself to make sure you build the right structure for you. If you want to accomplish your goals and get it right, from the start, this is the episode for you.   KEY TAKEAWAY...

Refinancing and pulling out your money is a great way to keep recycling your cash. It’s a model where you buy, refurbish and then refinance taking your money out. When you have added value and taken out your money you still have an appreciating asset making this as Shaz says ‘a beautiful model that you can keep using over and over again’ listen in and hear how to get started   KEY TAKEAWAYS This i...

If I lend money to my company can I charge interest? Shaz looks at a question from his community about the interest and tax implications of lending money to your company There are things several things to consider in this situation around whether you will need to pay income tax on any interest and this depends on your personal situation. You can charge interest if you want or not if you don’t, you...

Fixed interest or variable? Shaz explains the approach he takes when considering whether to look for a fixed rate or variable rate of interest on mortgages. Ultimately it’s about your personal attitude to risk coupled with whether the rates being offered for fixed-rate make it worth your while and Shaz shares some great tips about how to find the deal that works for you.   KEY TAKEAWAYS It depends...

People often ask, ‘What’s the best area to invest in property in the UK?’ and Shaz shares why the answer is everywhere and how to make sure you have the right criteria in place to help with securing the deals that work for you. Shaz has an extensive network and knows property investors across the country and everyone is doing well with fantastic deals where ever they are located.   KEY TAKEAWAYS T...

‘I’ve got £30,000 how do I get started in property? Shaz explains how you can use this amount of money to get started, and also shares what he would do with this sum of money to move forward in property investment. This is a great overview of some of the many property strategies that can be used to get started in property and includes useful content on joint venturing and flipping properties   KEY...

Shaz goes through the most common mistakes people make when they are starting out in property and shares great tips on how to avoid them. From rushing into the first deal after you have secured your funding through to why everyone will make mistakes and how this is an opportunity to learn and be better moving forward this is a great checklist to use for anyone in property.   KEY TAKEAWAYS Don’t ru...

Shaz shares great tips on exactly what you need to do to get a project that has potential, with numbers that stack up. When you have sourced a good deal make sure you have a funding source and a good contractor to make sure things run smoothly and always be prepared to walk away from a deal that doesn’t stack up,  use these top tips as a starting point and your projects will be ones where there is...

Some accountants voice concerns over multiple share classes and in this episode, Shaz looks at the different types of shares and how they can be used within the structure of a company. Previously some types of shares have been exploited but as Shaz explains this is unlikely to happen with Alphabet shares as it’s a commercial arrangement that benefits both parties   KEY TAKEAWAYS In a limited compa...

Shaz shares great content about the best places to identify new businesses and the things to look out for when undertaking due diligence. When you are looking to buy a business using your contacts and getting in touch with businesses directly effective ways to find the right business for you. When you’ve identified the business you want understanding the level of due diligence is key and this epis...

How long does planning permission really take and what do you need to consider? Shaz shares his own varied experiences around planning as a property developer and shares great tips and advice on the value of a good architect,  an experienced and knowledgeable planning consultant and why a pre-application can be the key to understanding what the planning officer is thinking.   KEY TAKEAWAYS How lon...

This is a great run through the advantages and disadvantages of a rent to rent strategy, if you are just starting out in property and don’t have the capital this could be the strategy for you with a low barrier to entry and the potential to scale quickly. Hear about the positives and the things to look out for with a strategy that is minimal risk and needs minimal capital and then get started.   K...

Shaz answers the question about whether to pay off your mortgage if you have the cash. It can be easy to think that not having the debt is what everyone would want but as Shaz explains there are other options to consider. He shares some of the options that anyone with the cash may want to look at instead of paying off the mortgage and reflects mindset and that ultimately everyone will need to make...

Right now is a good time to buy and develop commercial properties and there are great opportunities out there. Shaz explains what commercial conversion is and shares great tips and content on what you need to do to get started and make a strategy that is one of his favourites work successfully for you.   KEY TAKEAWAYS Pubs, offices, shops and warehouses can all be redeveloped to create residential...

Shaz has recently been asked about his favourite property strategies and in this episode, he shares his top three along with a bonus strategy. If you focus entirely on one strategy it can be more challenging to pivot to another so this is a great opportunity to hear about the strategies with good returns that can be scaled quickly to create a diverse property portfolio.   KEY TAKEAWAYS Commercial...

Shaz answers the question about how to identify the best industries to buy a business in and gives great tips on what to look for and why. It’s best to focus on only one sector and then build a team around this asking yourself about high margins, the ongoing demand for the business and looking at industries with high levels of fragmentation.   KEY TAKEAWAYS Look for industries that are highly frag...

Shaz explains Buy, Refurbish and Rent (BRR) and why it’s a strategy that works so well you can repeat it, again and again successfully. There are ways of sourcing finance and finding below market value properties that mean you can use this strategy with very little money down and create an asset that generates regular rental income for you. If you don’t know what strategy to start with Shaz recomm...

HMRC is entitled to ask for reasonably required information, but the definition of reasonable is not always easy to define. Shaz shares invaluable information about the do’s and don’ts when HMRC want to set up a tax enquiry meeting. It can be easy to think you need to give everything that’s asked for but Shaz explains why this isn’t the case and some of the reasons behind why they are requesting p...

Shaz takes us through a development he is currently working on and explains the factors that need to be thought about when you are looking to purchase land and how having planning in place can potentially affect the outcome. This is a great overview of the really crucial elements that must be thought about when you are buying land, get it right and the returns are definitely worth it.   KEY TAKEAW...

Shaz shares a succinct rundown of the updates in the budget that specifically affect property investors. This great informative content on income tax, capital gains tax, stamp duty and super deductions means that for the property investor this is a fantastic quick and easy overview of what is going to matter moving forward through 2021 and beyond.   KEY TAKEAWAYS Capital gains tax was expected to...

Deal sourcing is a great business that requires no money down and can be the way to build up your own property investments and earn income packaging up deals for other property investors Shaz explains the role of a deal sourcer and the value to the property investor of working with a deal packager along with what it takes to be a good deal packager. If you want to get started in property then deal...

Shaz shares the numbers every business owner should be tracking. These are the numbers that will make the difference to your business and how profitable it is. You need to understand what your gross profit margin is, the cost per lead, how much it will cost to convert a lead to a customer along with the lifetime value of your customer. When you have these numbers you know what’s working and what’s...

Shaz shares five more great tips on buying a business with all ten providing a good starting point for anyone looking to buy a business for the first time or considering buying another business. In the previous ‘Buying a Business’ episode, Shaz covered goals, knowing your limits, financing the purchase, sellers motives and having an understanding of the industry. Add the tips in this episode for a...