Listen "Properties Not to Invest In"
Episode Synopsis
Different deals work for different people and Shaz explains how when you understand what you are good at and what your parameters are and you can confidently look at whether a deal is right for you. When you make sure you look at any deal with your head, not your heart, have the right budget in place and always review both the potential upside and the downside then you have put yourself in the right place to make the deals that will work for you
KEY TAKEAWAYS
Don’t be desperate to do a deal, it will lead you to deals that don’t work for you
People are usually sharing their experiences when they talk about deals that won’t work out
Always have a contingency in place
There will always be things that are unexpected but this should not be a regular occurrence
It’s a business and the numbers have to stack up
Use your head and think about your tenants, it’s going to be their home
Make sure you have organised the funding and stick to the budget you have set
Always think about the upsides and the downsides of any deal
Property is an illiquid asset because it can take time to sell
As a landlord, you must avoid overleveraging your portfolio and over-borrowing
BEST MOMENTS
‘You can sometimes find an absolute gem that's not in the best location’
‘If you can make it work do the deal’
Work with your head not your heart’
VALUABLE RESOURCES
[email protected]
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of
income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
Facebook
LinkedIn
Instagram
YouTube.
KEY TAKEAWAYS
Don’t be desperate to do a deal, it will lead you to deals that don’t work for you
People are usually sharing their experiences when they talk about deals that won’t work out
Always have a contingency in place
There will always be things that are unexpected but this should not be a regular occurrence
It’s a business and the numbers have to stack up
Use your head and think about your tenants, it’s going to be their home
Make sure you have organised the funding and stick to the budget you have set
Always think about the upsides and the downsides of any deal
Property is an illiquid asset because it can take time to sell
As a landlord, you must avoid overleveraging your portfolio and over-borrowing
BEST MOMENTS
‘You can sometimes find an absolute gem that's not in the best location’
‘If you can make it work do the deal’
Work with your head not your heart’
VALUABLE RESOURCES
[email protected]
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of
income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
YouTube.
More episodes of the podcast Wealth Made Simple Podcast
Top Traits & Habits of Wealthy People
27/02/2024
The Art and Importance Of Storytelling
13/02/2024
How To Achieve Your Goals
25/01/2024
Goal Setting
16/01/2024
Why Get Rich Quick Doesn't Work
04/01/2024
Building Blocks to Create Financial Freedom
19/12/2023
Wealth Magnets
07/12/2023
How to Create Additional Income
30/11/2023
Lease Option Agreements
28/11/2023
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.