The Property by Kazy Podcast EP46 | The Short Lease King: How To Get Rich From Short Lease Property’s - Jason Patterson
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Jun 2, 2024 Jason Patterson, known as the "Short Lease King," has spent over two decades mastering short lease properties. He shares insights on the new Leasehold Reform Act and offers strategies for negotiating lease extensions. Patterson reflects on his property journey, emphasizing perseverance and the importance of solid networking. He also discusses market dynamics, the advantages of leasehold investment, and exciting personal goals, including his dream of owning a Bentley, all while navigating the complexities of property investment.
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From Sainsbury's to Short Leases
- Jason Patterson, known as the Short Lease King, began his property journey by buying flats due to affordability.
- Working at Sainsbury's, he couldn't afford houses in North London, so he focused on flats, eventually specializing in short leases.
Early Financial Freedom
- Find ways to increase your income to achieve financial freedom earlier.
- Property investment can provide passive income and replace wages, offering more freedom.
First Property Purchase
- Jason bought his first property, a one-bedroom flat in North London, for £70,000 at age 23.
- Initially planning to live there, he decided to rent it out due to high interest rates.