291) Kris Dalziel - The Property Deal Powerhouse Shares All
Jan 26, 2025
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In this insightful conversation, Kris Dalziel, founder of Dalziel Ventures and a property investment powerhouse, shares his impressive journey of sourcing over 200 deals worth £26 million. He discusses the critical importance of networking and building authentic investor relationships. Kris reveals his transition from a conventional career to full-time investing, emphasizing resilience in the face of challenges. Additionally, he shares strategies for managing finances and balancing a high-energy lifestyle with personal well-being, all while envisioning freedom and success in the property market.
Kris Dalziel transformed his accidental inheritance into a thriving property investment business, acquiring over 50 properties in just 24 months.
His disillusionment with the corporate finance world inspired a return to real estate, emphasizing alignment with personal values and lifestyles.
Building strong relationships in the property industry proved essential for Kris, facilitating access to off-market deals and valuable financing opportunities.
Kris aims to achieve financial independence through a diversified business model, focusing on managing stress and maintaining a balanced lifestyle while pursuing long-term goals.
Deep dives
Chris DL's Journey to Property Investment
Chris DL shares how he became an accidental landlord at the age of 25 after inheriting a property. Influenced by his uncle, a self-made multi-millionaire through real estate, Chris decided to invest his inheritance into buy-to-let properties, benefiting from low mortgage rates at the time. He quickly accumulated multiple properties, enjoying significant cash flow despite the challenges he faced as a young adult. This journey instilled a strong desire for financial independence within him, setting a foundation for his future endeavors in property investment.
Navigating the Accounting World
After successfully investing in real estate, Chris transitioned into the accounting field as a means to further his career. However, he soon realized that the corporate environment, particularly within firms like PwC, was not aligned with his aspirations or lifestyle. The long hours, pressure of unpaid overtime, and lack of fulfillment made him reconsider his path. This experience highlighted the importance of pursuing a career that aligns with one’s values and personal goals, ultimately pushing him back into real estate full-time.
The Power of Networking
Chris emphasizes that building strong relationships within the industry has been a crucial factor in his success. By reaching out to agents, fellow investors, and industry mentors, he was able to access off-market deals and secure financing opportunities. His approach involves being transparent and genuine in his interactions, which fosters trust and establishes his credibility. This networking not only helped him secure deals but also allowed him to connect with investors who are now integral to his portfolio growth.
Learning from Failures
Throughout his property investment journey, Chris faced numerous challenges, including a significant fraud case that cost him over £100,000. Instead of allowing this setback to derail his career, he used it as a learning opportunity, refining his approach to due diligence and investor relations. This experience taught him the importance of thorough vetting and maintaining clear communication with investors. By overcoming such difficulties, he developed resilience and a better understanding of the real estate market dynamics.
Diversifying Income through Lettings
In addition to sourcing deals for investors, Chris is also expanding his business into property lettings, recognizing the potential for recurring income. He aims to scale this business efficiently while maintaining high standards for tenant relations and property management. This diversification allows him to create multiple revenue streams, which can help weather economic fluctuations and provide greater financial stability. Chris believes that his background in property sourcing provides a unique advantage in successfully managing this new venture.
Managing Stress and Work-Life Balance
As Chris juggles various projects and investor communications, he acknowledges the importance of managing stress and maintaining a balanced lifestyle. He engages in physical activities like running and playing golf, which help him unwind and stay fit. Chris emphasizes that maintaining a healthy work-life balance is crucial for long-term success in his field, as it allows him to recharge and stay mentally sharp. By prioritizing wellness, he remains focused and productive in his growing business.
Setting Goals for the Future
Looking ahead, Chris aims to build a portfolio of at least 100 properties while ensuring a sustainable and manageable workload. He understands that success in real estate requires constant adaptation to market changes and a proactive approach to financing and property management. As his business evolves, he intends to focus on deleveraging and demonstrating financial prudence rather than simply chasing volume. By cultivating a long-term vision grounded in sustainability, Chris plans to achieve financial independence and a fulfilling lifestyle.
Finding Success Beyond Money
For Chris, success is not solely defined by financial gains but also by the freedom to choose how he spends his days. He envisions a future where he can continue to pursue his passions while contributing positively to the community through quality housing. This broader definition of success drives his ambition to create a lasting impact in the real estate sector. Chris ultimately strives for a life that empowers him to make decisions based on what he loves rather than financial necessity.
It was great to welcome Kris of Dalziel Ventures to the show. He’s been on my radar to come on for a long time and he has been a busy man having sourced over 200 deals and £26 Million of Property for investors worldwide, buying 50 of his own properties in 24 months, and even starting a lettings offering.
Expect to learn what has enabled Kris to operate at this level and speed, what went on during his up and down time in the world of finance and accounting, what it takes to really succeed as deal sourcer, the power of building a network, and so much more.
We had great fun recording this between Christmas and New Year and I know a lot of you will be listening in looking forward to understanding what enabled Kris to build quickly during 2024 and what he has in store for 2025.
If you’re new here, make sure you hit the follow or subscribe button & if you’re really enjoying it this episode then please share to your Instagram story or LinkedIn feed and tag Kris and I @col.cambro and @Dalzielventures.
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