The 6 Most Common Mistakes Made By Deal Sourcers

Property Magic Podcast

Simon delves into the six main mistakes commonly made by property deal sourcers, highlighting the importance of understanding what constitutes a great deal, the significance of working with motivated sellers, and the necessity of effective negotiation skills.

KEY TAKEAWAYS

• Knowing what makes a great deal is crucial for property deal sourcers to be successful.
• Deal sourcers should focus on working with motivated sellers to secure flexible deals.
• Negotiation skills are essential for deal sourcers to secure and close profitable property deals.
• Deal sourcers should avoid being too tunnel-visioned on one strategy and remain open to different opportunities.
• It is important for deal sourcers to find investors to pass on deals to or joint venture with, to maximise profits and opportunities.

BEST MOMENTS

"Many deal sources make lots and lots of low offers. They all get rejected and they just give up thinking this doesn't work."

"A great deal is a deal where you can put a small amount of money in, either initially, or you put money in and you can recycle it out."

"There are some fantastic deals out there right now. A lot of deal sources get very tunnel visioned. They think I've got to sell all these deals to make money for me to be able to buy the ones I want to keep."

VALUABLE RESOURCES

if you want to Learn more about becoming a successful deal sourcer register for this online training here: www.dealsourcingmasterclass.co.uk

To attend your first pin meeting as Simon's guest visit http://www.pinmeeting.co.uk/, find your local meeting, and at the bottom of the page where you normally pay £20, click on where is says "pay with a voucher code" and use this code: PODCAST. This will by pass the payment page and you can attend your first pin meeting for free.

Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

Find out about the Global PIN Meetings at www.globalpinmeeting.com

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Register at Mindset For Property at - www.mindsetforproperty.co.uk

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Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk. pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.