#94
This is one of my favourite episodes!
Saam Lowni has bucket loads of experience in property as an estate agent, investor, landlord, developer, YouTuber, lender and broker.
Saam has a long history in property, dating back to his childhood in Durham during the 1980s, where his parents would buy houses in coal mining villages for 2-3K, refurbish them, and sell them for 4-5K.
He soon convinced his family to add to their portfolio in the North-East of the country with properties across the North-East of London.
After a spell in Hong Kong, he returned to the UK, refinanced the family portfolio to raise cash to buy student HMOs in Kent and Coventry.
Tune in to find out:
· Why Saam prefers professionals to students
· Why he reduces rents to increase his overall returns
· Why he aims to be Best in Class
· How to find opportunities in Article 4 Areas
· What he thinks about investing in the North-East
We also tap into Saam’s experience in property finance to get a beginner’s guide to terms such as Capital Stack / Mezzanine Finance / Unitranche Financing / Stretch Lender / Senior Debt / Juniour Debt / Intercreditor Agreements and more!
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Saam’s Desert Island Property Disc 1
Saam’s Desert Island Property Disc 2
Keywords:
Asana, VA, property manager, letting agent, certificates, documents, insurance expiries, utilities, data scraping, Nimbus Maps, LinkedIn, organization, structure, templates, Dropbox, back end, systems, procedures, phone systems, document storage, photos, descriptions, overseas VAs, strengths, weaknesses, administrative tasks, social media, bad habits, training, centralized storage, Google Drive, tenant management, maintenance management, legal compliance, free tools, paid systems, HMOs, procrastination.
Here are some great episodes to start with.