#203Buying a leasehold property with less than 80 years left on the lease offers savvy investors the opportunity to add value and force the appreciation in a short timeframe.This allows you to potentially recycle your cash and turbo charge the growth of your portfolio.Short lease extensions are equally powerful whether you’re trading for a quick profit or holding for cashflow.And if you can combine lease extensions with other value adding strategies such as BRR (Buy Refurbish, Refinance) and reconfiguring properties to add more bedrooms, then you can make some serious cash.Jason Patterson, is a seasoned property investor with over 23 years of experience in UK property.He built his portfolio from a standing start, from money saved from his job stacking shelves in Sainsbury’s in Camden, North London.In total, Jason worked at Sainsbury’s for 11 years, and as a side hustle, he almost accidentally focused on leasehold properties with short leases, a niche that would later earn him his nickname as the Short Lease King.During the episode, we discuss:o   Benefits of purchasing properties with short leaseso   Explanation of what constitutes a short leaseo   Impact on property value and mortgageabilityo   Sweet Spot for Short Leaseso   Discussion on ideal lease lengths for extendingo   Combining short lease strategy with mortgageabilityo   Steps to gather lease extension informationo   Importance of contacting freeholderso   Explanation of Section 42/Leasehold Reformo   Impact of potential leasehold reforms on buying strategieso   Handling Vendor Resistanceo   Challenges with uncooperative vendors  o   Augmenting Short Lease Strategy with Additional Strategieso   Combining this strategy with BRR and reconfigurationo  "Triple Threat" propertieso   Criteria and considerations for choosing propertieso   Common mistakes new investors makeo   Reasons why this strategy may suit expatso   Financial Considerations and Leasehold Reformso   The effect of Leasehold reformo   Impact of leasehold reforms on profitabilityI'd Like Help With Setting My GoalsLeave an honest review of Expat Property StoryJoin our Mailing List to join our WhatsApp  group AND access our 37 Question Due Diligence Checklist AND our 23 Step Guide to Buying Property at Auction AND our  NewsletterFollow Us on InstagramWhat's the one thing you’re struggling with in UK propertyWhere to meet Expat Property Investors (For FREE):Hong Kong: Pacific Coffee, 2/F, Central Building, Central (1st Sat of month from 11:30 am)Dubai: Holiday Inn, Science Park (1st Weds of month from 7pm)Singapore: The Providore VivoCity (1st Sat of month  from 10:30 am)Keywordsproperty investment, wholesale property, retail property, problem properties, lease extension, Short Lease King, UK property, buy refurbish refinance, refurbish properties, refinancing, property portfolio, property expertise, HMOs, property value, mortgageability, leasehold properties, leasehold reform, capital growth, dilapidated properties, leaseholder, freeholder, section 42 notice, lease extension premium, property strategies, property education, property market, rental property, property investors, leasehold surveyor, UK housing market

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