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Listen "Episode #21: developments and refurbs with Phil Stewardson"
Episode Synopsis
Phil Stewardson and his brother Mark first got into property during the mid 90s, with the intention of buying ten properties to create a pension. Despite having business backgrounds and knowledge, neither had much property experience and as such their investment journey started with a steep learning curve.
After quickly realising that property investment was more profitable than their day jobs, Phil became a full time property investor, and Mark spends around 80% of his time on the business.
Between them they have completed hundreds of refurbs and developments and are continuing to expand their property portfolio.
Listen now
In this interview, you’ll learn:
Why Phil focuses primarily on mixed-use schemes
How Phil sources good investment deals
Phil’s rule of thumb when deciding if a project is worth doing
What criteria make a mixed-use property successful
How he sources good direct to vendor deals
What returns Phil looks for on a flip
How he learned to manage refurbs
The importance of having a contingency
Where you can cut costs on a refurb
What elements you should spend extra on when doing a refurb
How Phil maintains good relationships with tradesmen and merchants
The biggest mistake people make with their early refurb projects
Phil’s predictions for the property market over the next few years
Episode resources
Phil’s website
Follow Phil on Twitter @PhilStewardson or @Stewardson_Devs
Call Phil or Mark on 01384 633733
Sign up for your FREE account at The Property Hub!
Preorder your copy of my new book Beyond the Bricks and download a FREE chapter now!
Subscription links
If you enjoy the podcast, please subscribe on iTunes – every episode will be automatically downloaded for free, so you never miss out!
Or if you’re a geek like me, you can grab the RSS feed here.
Tell me what you think!
If you’ve got any questions or comments on this week’s podcast, get in touch! You can email me, or find me on Twitter.
I’d also really appreciate it if you could review the podcast on iTunes. I’ll read out all 5-star reviews on the show!
After quickly realising that property investment was more profitable than their day jobs, Phil became a full time property investor, and Mark spends around 80% of his time on the business.
Between them they have completed hundreds of refurbs and developments and are continuing to expand their property portfolio.
Listen now
In this interview, you’ll learn:
Why Phil focuses primarily on mixed-use schemes
How Phil sources good investment deals
Phil’s rule of thumb when deciding if a project is worth doing
What criteria make a mixed-use property successful
How he sources good direct to vendor deals
What returns Phil looks for on a flip
How he learned to manage refurbs
The importance of having a contingency
Where you can cut costs on a refurb
What elements you should spend extra on when doing a refurb
How Phil maintains good relationships with tradesmen and merchants
The biggest mistake people make with their early refurb projects
Phil’s predictions for the property market over the next few years
Episode resources
Phil’s website
Follow Phil on Twitter @PhilStewardson or @Stewardson_Devs
Call Phil or Mark on 01384 633733
Sign up for your FREE account at The Property Hub!
Preorder your copy of my new book Beyond the Bricks and download a FREE chapter now!
Subscription links
If you enjoy the podcast, please subscribe on iTunes – every episode will be automatically downloaded for free, so you never miss out!
Or if you’re a geek like me, you can grab the RSS feed here.
Tell me what you think!
If you’ve got any questions or comments on this week’s podcast, get in touch! You can email me, or find me on Twitter.
I’d also really appreciate it if you could review the podcast on iTunes. I’ll read out all 5-star reviews on the show!
In God we trust