The Progressive Property Podcast Special Episode: How to Get £1Million Property Portfolio
If you need help looking for packaged deals and building your portfolio, our guest for today’s episode of the Progressive Property Podcast, Dan Buchan, can help you. Dan, at the young age of 27, has already made a name as a successful property investor and an entrepreneur. Discover how he was able to buy his first house at the age of 19 and was able to grow his property portfolio to over £1million.
One of the best takeaways from today was with the right mindset, you’re able to propel your way to the top of the property ladder. Dan also gives detailed tips on how you can start going out and talking to people. Learn what should be your talking points, why should talk property to anyone you know, and how do you seal a deal with someone. If, by chance, you are not confident with your skillset, then start learning today so you can improve them!
KEY TAKEAWAYS
- Dan Buchan has only 8 years of experience in property, but he has a lot of accomplishments to put on the table. He bought his first house when he was 19.
- Property was something he explored because someone suggested that he attend a property course. He went out of curiosity and definitely, that was not the last property course he attended.
- Just like any other teens, Dan admits that he spent too much of his money on frivolous stuff before, but what sets him apart from the rest is the entrepreneurial side he has honed just to finance this ‘cool’ lifestyle.
- He met his soon to be business partner Jamie York at secondary school. They got into trading and reached six-figure numbers at very young ages.
- Dan and Jamie started their major brand, We Sell BMV, dedicate to sourcing Below Market Value residential and commercial properties. The find properties and hunt for investors all over the country. They’ve done over a thousand deals.
- To attract more clients, you have to be confident and an expert at what you do. You have to keep in mind that above all, you have to contribute value to other people. Clients can tell if their interests are always given priority.
- What is holding you back? Some have difficulty talking to the vendors. Some have a hard time looking for properties… You need to push yourself out of your comfort zone and start developing your skill set.
- Dan tries to talk to everyone about property investments because he knows that word travels through the mouth and they could easily tell it to people they know. Dan talks about growing their wealth and financial freedom.
- Help them achieve their goals. Ask them, “Where do you want to be and what resources do you have available to achieve that?” instead of saying, “How much money do you have?”
BEST MOMENTS
- “I was doing 3-4 jobs at once because I thought that’s how you get rich.”
- “Working out for other people didn’t work for me… I found that the money was spent quicker than it was being used. I never had to do something creative.”
- “Working for other people didn’t necessarily work for me. It wasn’t making money quick enough. Doing something speculative has some upsides, but it’s one way risky and could’ve easily gone the other way.”
- “Believe in the value that you add in other people.”
- “In order to be wealthy, I need to be able to push myself and learn how to do these things.”
- “Growth only comes when you push at the edge of your comfort zone.”
VALUABLE RESOURCES
- Progressive Property Podcast Episode 112: Interview With One of The Largest Deal Providers in The UK, Packaging Over 1,000 Deals to Date, Jamie York iTunes|Omny|Player.fm
- Homes Under the Hammer
- We Sell BMV
- Progressive Property
- The 5 Second Rule: Transform your Life, Work, and Confidence with Everyday Courage by Mel Robbins
- The Story of Two Wolves
ABOUT THE GUESTS
Dan Buchan is a Property Investor, a Speaker, and an Entrepreneur. He is the Director and Co-founder of Aspire Property Group. He also owns We Sell BMV, a market leader in the UK, together with Jamie York.
Dan got into property when he started attending alternative classes on property after graduating from the University of York. From then on, he grew his property portfolio and has closed a lot of property deals.
- Dan’s LinkedIn
- Email Dan at dan@aspire.co.uk
- Dan’s Instagram
ABOUT THE HOST
Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors.
On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.
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