The Progressive Property Podcast How to Dominate Your Goldmine Area Featuring Progressive Co Founder Rob Moore
Welcome back to the Progressive Property Podcast. In today's special episode, Co-founder of Progressive Property, Rob Moore takes over the podcasts to bring you 10 practical ways to dominate your local goldmine area.
A lot of people are trying to find the highest growth investment area in the country but on average you'll find that over-time all areas will roughly double in value, They'll just have peaks and troughs. So, if you’re looking to secure BMV deals, get the insider secrets in your area and grow your property portfolio, dominating your local goldmine area is essential to success.
KEY TAKEAWAYS
10 Practical Ways To Dominate Your Local Goldmine Area.
- The grass is greener syndrome is a fools game - Most of the best deals that you will ever do will be local to you and right under your nose.
- Continually view properties on a consistent basis - Viewing properties is much more than just seeing a house, you're getting to know the agents, learning the market and understanding prices.
- View properties to let in order to build up a relationship with the letting agents - Discover Rent2Rent deals and create a relationship with your local lettings agents so that when your sourcing, selling or letting you know the market and have a contact you can trust.
- Get to know people in the council - Learn about development and future plans for your local area. Find out how many houses are being built and what shops, restaurant and industries are coming to your goldmine area.
- Attend local property networking events - Meeting investors and connect with people. You can also attend commercial property meetings that attract a higher level of investor.
- Find other investors like yourself that are doing deals - Have a collaborative mindset and learn from other investors out there doing what you want.
- Take diversions and look around at property - Learn your area and spot the deals that can make you money. The better you know your area the more likely you are to secure more property deals.
- Keep a spreadsheet for sold prices - Any property that you're interested in take note of what it listed for, what it sold for and what you would offer on it. Over a couple of years, this will provide you with really useful data when deciding to buy.
- Spend 10-15 minutes per day on Rightmove - Build up-to-date knowledge of your local area and make sure you know what's going on.
- Get leafleting - Find direct to vendor deals by leafleting consistently in your area.
BEST MOMENTS
"Most of the time the area that works best for you is the area that you make work best for you. Not the area that is the best"
“Local property investing works better than national property investing”
“The better you know your area the easier it is to spot a cheap property and get it secured.”
VALUABLE RESOURCES
Join the Progressive Property Community here:
http://www.thepropertyteacher.co.uk/
ABOUT THE HOST
Rob Moore is an author, public speaker, entrepreneur, property investor and property educator. He is the co-founder of the Progressive group of companies including Progressive Education, Progressive Lets, Progressive Property Network and Progressive Portfolio Builder.
Moore is the co-author of The 44 Most Closely Guarded Property Secrets, Make Cash in a Property Market Crash, Progressive in Property: From Beginners to Winners and sole author of Multiple Streams of Property Income and "Life Leverage: How to Get More Done in Less Time, Outsource Everything & Create Your Ideal Mobile Lifestyle. He is the owner of collections of fast cars and expensive watches.