The Progressive Property Podcast Interview With Property Investor, Public Speaker& J.V. Specialist; Emerald Fisk!
“If you want something, you can make it happen.”
This is what our guest, Emerald Fisk, is going to prove today in this episode of the Progressive Property Podcast. Peter chats with Emerald about her journey in building her portfolio and achieving success while helping other people. Emerald started from absolutely nothing – no knowledge about properties and no connections with investors. But, what she has is determination and a goal – an outstanding capital for starters in property investing. Of course, she faced challenges and some struggles, but she didn’t let them get in the way.
So, if you are just starting in exploring property investing, then make sure to tune in. A lot of your worries and doubts will be all gone as Emerald also answers some questions like: Should you go for the properties and finances first? Where do you find your goldmine area? Does it matter that you got zero knowledge about properties?
KEY TAKEAWAYS
- Emerald was a Deputy Manager for a car agency before she decided she wants to work for herself alone and start exploring property investments despite not knowing even a tidbit about properties. She also became a personal trainer because she was drawn to one of her passions, her sport, rugby.
- Since Emerald bought her first property at 21, she set her eyes on properties that could be remortgaged, be rented out, or be invested on. So, she started looking for ways on how to learn the ins and outs. This was when she stumbled on Toni Gargan, a property investor and a trainer in Progressive Property, whom she’ll learn a lot and owes a lot of her success to.
- A goldmine area is an investment area where you buy our investment properties. It might be difficult to find the area that works for you, just like what happened to Emerald at the start. It became overwhelming when you make the decision since there are a lot of factors to consider. It took Emerald 6 months to decide on her goldmine area finally.
- She raised £400,000 while she was with Progressive speaking with various investors. She never needed to get from her own pocket for finances.
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Which should you be locking in first? Finances or Properties?
- For Emerald, its securing funds while eyeing on properties at the same time. There should be an investor right around the corner who’s ready to do a deal with you while you’re looking for properties.
- Peter says there is no wrong and right answer to this question. Do what works for you.
- From Gloucestershire to Liverpool: Did Emerald’s choice worth it for property investing? She says it was more helpful in building her property portfolio, finding more deals, and networking with people who could help her in her career.
- Where does Emerald see herself in 5 years? Emerald wants to build her portfolio full of properties in her hometown, Gloucestershire. She’ll be sticking to single lots and do away from HMOs and huge commercial conversions. Above all, she wants to be an international speaker to inspire people.
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Emerald’s Top Tips For Beginners:
- Know that you need to learn along the way.
- Everyone has to go out and have it a go.
- Find your investor. Even just one would do to get a deal.
- To raise finance, you just have to be with you and believe you can do it.
- Proactively meet people.
BEST MOMENTS
- “What do the richest people seem to have? They all seem to have property.”
- “I think my mind was absolutely blown and I was incredibly overwhelmed. I had no idea how I was going to do it, but all I could say to myself was, other people have done it so it can be done and so I can do it.”
- “Buying at an auction is a sophisticated strategy particularly for beginners.”
- “You just need time to do houses and stand houses and speak to investors. And, you don’t build relationships overnight.”
- “I think I’m finding good people that know more than me. So, it’s not like I go into things blind. I just find people that can. If I got a deal, I just find someone who knows how to do the deal. I’d rather have the piece of the pie, rather than trying to keep it all to myself and do it wrong.”
VALUABLE RESOURCES
ABOUT THE GUEST
Emerald Fisk is a property investor, a public speaker, and a serviced accommodation provider. She loves buying and refurbishing single let properties. She also specialises in Joint Ventures. In 2018, she was awarded the Community JV of the Year from Progressive Property Ltd.
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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