The Progressive Property Podcast Ask Me Anything With Property Multi-Millionaire Alfie Best
Answers to the Questions YOU are Asking about Property!
At the 10k Property Super Conference, Kevin McDonnell sat down with Alfie Best who has a multi-million-pound property business in the UK. Together they answered questions from listeners about all things property.
If you want to hear inspirational and informative answers to the questions people are really asking then listen in now.
KEY TAKEAWAYS
- What is the number 1 criteria when deciding whether to invest in property?
Know your area, know the property you are buying and start with the end in mind, how am I going to make money out of it?
- In the face of adversity, what keeps you going?
Fear of failure is a powerful driver and to every problem, there is a solution it might not be the solution you want but there is a solution. If you don’t take a risk you are never going to realise your potential or learn.
- What are your hacks and tricks when buying a deal?
There is a model to be followed and if a deal ticks the boxes the next consideration is gut instinct about what else you can add to increase the value.
- What’s the best thing currently in your life?
Family is always at the heart of everything and in business, it's seeing long term goals come to fruition.
- What’s the best advice for someone just starting a business?
Do it, don’t waste time get on with it but don’t do it half-heartedly get both feet in and get started.
- What is the best form of marketing in property?
Sublime marketing is the best – it’s about not selling a property to someone you just whet their appetite enough to get them interested and the more you are not selling it the more they will want it.
- What the scariest thing that’s ever happened, in business or property?
Living with yourself when perceiving yourself as a failure is scary and I overcame with perseverance. I followed through, I adapted and changed the business plan to continue to move forward
- When you are massively stressed and overwhelmed what hacks do you have to
overcome it?
In a stressful situation take your time to find the right solution If you panic you make the fear worse and potentially make wrong choices. As soon as you own and step up to your choices you can put them behind you, learn from them and move on.
- Do you think Brexit will have an effect on rental prices?
It's about supply and demand, we are 66 million people on a small island with a predicted increase of 8 million over the next 10 years and people need places to live.
- What is the defining trait that has made you successful?
It’s about persistence, success is all in the mind everyone defines success differently. There are always people who are further up the ladder of success and they provide inspiration for others to persevere and keep moving forward.
BEST MOMENTS
‘I genuinely thought I started perfect I only realised later that I didn’t’
‘I realised that I was never going to get myself out of debt working in a job’
‘By changing your model, you are actually showing your business is successful the more a business adapts, the more successful it will become’
‘Keep checking your goals and seeing where you are at, you don’t realise how far you can come in 3 or 4 years’
VALUABLE RESOURCES
No Money Down: Property Investing book by Kevin McDonnell
ABOUT THE GUEST
Alfie Best a highly motivated business magnate, investor, speaker and philanthropist who serves as the chairman of Wyldecrest Parks. To achieve success is not easy and to maintain that success is even harder but Alfie Best has shown how it can be done, even when you have not been born with the proverbial silver spoon in the mouth.
Born of humble origins and raised in a Romany Gypsy family, this self-made man studied at “University of Life” and started his professional success story totally from scratch. However, coming from a struggling background and a minority group only gave him even more desire to succeed. As a gypsy, he had to face many obstacles and prejudices, but he has never allowed those to ruin his dreams and ambitions or to disrupt his investments into the businesses he operates. Instead, he has taken those negative prejudices and turned them into positives by surrounding himself with a diverse and multicultural team. Alfie Best manages his businesses as a real leader, knows his employees by name and likes to meet all residents of his mobile home parks.
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ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
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