#406 – Susannah Cole – Property Investing
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Description
Property Investing Susannah Cole gives property investing business advice. The range of advice is amazing! From how to buy your first AND second investment property in the UK. She's a go-to advisor for both starter and experienced property investors. We're delighted to have her as our podcast guest - in the first show in 2024! So, before we get going with the show notes... Summary of the Podcast Podcast Purpose: Podcast interview with Susannah Cole on property investing. Key Takeaways * Buying property at 60-75% of market value is key to profitability. * Finding motivated sellers in distressed situations can lead to good deals. * Having a large network of investors provides access to funding. * Flipping properties quickly after minor renovations minimises risk. * Long-term rentals provide passive income and security. Susannah's Background * Started investing in property in 2009, has nearly 15 years experience now. * Built credibility through YouTube videos showing real deals and process. * Wanted investors to see her honesty and depth of knowledge. Buying Undervalued Properties * Avoids overpaying by finding motivated sellers in difficult situations. * Values building relationships and trust with sellers. * Buys from agents and auctions rather than soliciting direct. Funding for Property Investing * Works with private investors rather than banks. * Provides high returns to investors (e.g. 12-16% interest). * Builds relationships and screens investors carefully. Flipping Properties * Favourite model is buying undervalued properties and doing minor renovations. * Aims to get in and out of a flip in 2-3 weeks. * Moves very quickly - gets team in immediately after purchase. Long-Term Rentals * Focused on student properties and HMOs in Bristol. * Provides steady passive income and security. Health Issues * Recent major health problems, property income provided security. * Allowed spending on private healthcare to stay alive. Finding Investors * Both an art and a science. * Consistency in delivering returns builds trust. * Casts a wide net and expects only 1 in 10 to invest.   Other Property Investing podcasts: * Episode 260 Waqas Khan & Sheetal Patel - Alternative Property Investing * Episode 348 Chris Prefontaine - The Smart Real Estate Coach * Episode 389 Agam Jain - Property Investing & Bridging   Podcast Clips  How Does Graham Get Away With This? https://thenext100days.org/wp-content/uploads/2023/12/Susannah-Cole-Property-Investing-Empathy.mp4 Attracting Investors and Clients on YouTube https://thenext100days.org/wp-content/uploads/2023/12/Susannah-Cole-Establishing-Credibility-on-YouTube.mp4 Susannah Was Asked to Share Her Expertise https://thenext100days.
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