Nc Real Estate Podcast

You can sign up to Crossing Over to Commercial HERE First things first, I need to get a public announcement out there to ask… please, commercial agents, stop with the Catfishing! I just can’t… What do I mean?! Pricing property deals way too low so that you get eyeballs or bids and then being shocked when I call up and give you an offer at the market price and you saying ‘No that’s way too low!’. Errm yass… so why bother listing at that price… grrrr! The problem being that I have to look into it because I couldn’t possibly tell my clients I overlooked it, in case it’s actually correct and I’ve found myself a unicorn. **Rant over** Second point I want to cover today is ITZA’s. I’m noticing a lot of commercial property investors ignoring this because they just don’t understand. NOTE: You cannot ignore this if you want to be successful here!! This is about valuing retail rents! I'll explain in the podcast...

It may sound obvious that you MUST be good at decision making in order to be a property investor… But it truly shocks me the number of investors who say to me ‘is this a good deal, would you buy it?’ Because that’s not the question you should be asking. That’s asking me to judge a deal based on decisions I’d make for my own portfolio… that’s not your portfolio and your goals. I know for a fact that clients of mine and friends definitely wouldn’t buy the same things that I buy and that’s brilliant because I’m not led by what they do. Instead the question you should be asking is: ‘I've found this deal, my goals are X, Y and Z, does it hit those goals?’ But before asking that, you have to make an important decision. What is it you’d actually like to achieve?! Yield / Purchase Price… any other stat you’re measuring by. That way, when it comes to purchasing property the next decisions become easier: Choosing the right location Identifying if a deal really works for you, or deciding to let it go Knowing what financ

Now it's time to focus and I want you to listen closely because there are some tripping hazards in 2022, that if you don’t concentrate on, will slow your property investment success this year. The biggest tripping hazard… F

After last weeks podcast about the 10 business mistakes I’ve made, it also got me thinking about the biggest risks I’ve taken to get to where I am right now. Success doesn’t happen through luck or coincidence, it happens because you keep putting yourself out there again and again and again until something sticks… here’s a summary of the risks I have taken which have made me laugh and cry, I go into the learnings in detail on this week's podcast. And just like that… it’s the end of 2021. Thank you so much for being part of my community this year and supporting me. Have a very Merry Christmas and a Happy New Year! I’ll see you in 2022.

It’s getting to the end of the year and firstly I’m getting reflective… for the second year in a row we’re about to double NC Real Estate’s income… in fact it’s doubled today and we’ve still got 4 months until the end of the year. It’s crazy, certainly something that when I sit down and reflect with Lorenza and the rest of my team, I wouldn’t have even imagined being able to do back in 2016-17 when I really started to push forward on this. In the spirit of transparency and to help those of you out there who are running a business and feel like its both heaven and hell all at once I thought I’d share with you the 10 worst mistakes I’ve made in business… I’ve hashed out the details in my podcast.

I didn’t know how to sum up this email and subsequent podcast in anymore of a succinct way then simply: Moving House, Serviced Accommodation Sometimes Sucks and Resident Meetings because that has been the last two weeks of my life. Maybe… now I’m reflecting on the podcast I just recorded, all of the chaos happened with my US portfolio and I’m just not used to dealing with Amercians and I’m a fish out of water. What I can confirm is that: Hosting an Air BnB in the US seems to come with more demands from ‘local’ guests who want 5* hotel standard or their money back.... But not before blowing your whole electricity board and blaming you because they didn’t read the instructions Apparently when storing furniture, its usual for it to leave storage looking like someone just beat it with a baseball bat. And yes, Parks and Recreation is actually based on real life stories of what goes on at residents meetings… there is armed police in attendance and yes residents do shout at each other as well as the local area

Click Here to join my Webinar on Monday 6th December The 5 Step Process to nailing down and executing your Property Investment Strategy...over the next 12 months - https://ncrealestate.co.uk/december2021 It took 6 months to go through but finally the commercial property in Barnstaple completed!! There are a lot of lessons that I’ve learnt here: If you buy a commercial property (that’s wholly commercial not mixed use) lending is harder to get which makes it more expensive… eurgh 7.3%. The reason being, lenders think its risky because its low value which MUST mean your tenant isn’t that great If you simultaneously exchange and complete on the same day the lender is going to want you to get insurance on the building before you own it… to resolve the problem make sure you agree a quote with the insurer first and get them to start it on the day you want to complete Second charge loans are expensive and the legal fees may mean its better to go through a private investor… I’ll let you make that decision when yo

SIGN UP For the December webinar HERE I float this question because there is always so much buzz around the next creative strategy… HMO’s, which are a product of the private investment market and have been picked up and ran with by small time investors thinking they are about to make a quick buck… when over the years legislation and increased health and safety (which is necessary) have decreased net yields. SA’s whereby investors, excited to get nightly prices rather than monthly prices, oversaturate the market without thinking about offering a quality product, give up after a few months because they aren’t seeing the ‘nice’ income streams they want. Rent 2 rent… glorified property management The list goes on. Instead sometimes it really is easier to think about property investment simply. You buy a property and offer good quality long term lets. Now, I’ll warn you, that doesn’t mean you get to sit on your laurels and just count the cash. No, instead you need to be proactive, focus on bringing your property a

Sign up for the Webinar on the 6th December HERE If you’ve seen where the hype is in the commercial property market, you’ll know it’s great big massive sheds somewhere around the midlands where all the big online retailers are gathering on good supply routes. We’ve seen cap rates (yields) down as low as 3.5%, the reason being, they are seen as ‘safe bet investments’ for large pension pots and big investors. Caroline Saxon, our in house commercial surveyor believes that, for now, these larger investments should be left to the big players with deeper pockets because for the most part they are around the top of the market (why? You’ll have to listen to the podcast to find out). Instead there’s still money to be made for smaller investors in other commercial asset classes that are still bubbling away… especially in secondary and tertiary locations. Retail and office is still exciting. Mix it with a little bit of resi and you’re moving towards a recipe for success. But of course with all these shiny pennies, there

I’ve invited the next Team NCRE member onto the Pod, Doug Parker, our asset management surveyor. We talk about how the mundane actually can be the most lucrative. Why you need to be patient and the secondary / tertiary locations we’d be investing in for good commercial property deals RIGHT NOW… but you’re going to need to listen to the podcast to find that out! Fill out this questionnaire for what you want to see coming up on the podcast WEBINAR Sign up here - Monday 6th December @ 6:30pm The 5 Step Process to nailing down and executing your Property Investment Strategy...over the next 12 months 

This week I've invited Lorenza Allan who is the community manager for the Members Club onto the podcast to discuss how small wins add up to big things in property investment! Remember to come and follow this podcast @honestpropertyinvestment

JOIN THE MEMBERS CLUB AT £97/MONTH FOR THE LAST TIME HERE Last night I hosted a webinar, which covered exactly how and why commercial property is so tasty right now. Whilst it’s still turbulent times in the commercial sector… some tenants are still struggling. Some property is still lying empty. But, that seems to be the exception, not the rule (well in my experience). The trick is that rather than sitting back and letting the market work around you, you have to be proactive in speaking to your tenant. Asking them what they want to do moving forward. Negotiate where necessary. And if you loose the tenant… well you have to also be proactive in finding the next tenant. To help you nail this, I’ve taken a clip of the webinar and made it into todays podcast, I cover Why invest in commercial property Commercial property we avoid right now Commercial property that you should be looking at right now, How the commercial valuation triangle works and what you can do to improve your assets value in the short term!

Before I get started, make sure to register for my webinar on Monday 25th October at 6:30pm UK time: How to Supercharge Your Portfolio through buying Commercial property, Without jumping on the Commercial to Residential bandwagon. Have you been feeling like you’re rushing your property investment journey recently? Maybe you feel like things aren’t happening quickly enough? If you’ve answered YES to either one of those questions its a sure sign that you have given up on patience… which is one of the most important skills you need as an investor. P.S Sorry this is late! I had some technical problems this week :D

Before I get started this week, I’m putting this up top… come join me LIVE on Monday 25th October at 6:30pm for my webinar: How to Supercharge Your Portfolio through buying Commercial Property without jumping on the commercial to residential bandwagon. Just click the link ⬆️ and pop in your name and email and I’ll send you the details. I’m always curious about the changing nature of the mortgage industry… the reason being it seems to change on a month by month basis. You think you’re getting lending one month, they pull the plug on you the next, you have to go elsewhere. Are you finding that too? It’s just changing appetites of lenders. To get to the bottom of it I thought I’d ask someone in the know onto my podcast to find out what’s going on… so this week Gareth Ward, Head of Underwriting at FutureBricks is my guest.

It’s been a hot minute since I last released a podcast, here we are on season 4! I see the trends come and go in the property industry. Flavour of the month is commercial to residential conversion… I’m skeptical that we should all be doing it. Here’s what I’m finding works instead (if you’re looking to buy commercial): Find something that’s got an alright value because it’s either vacant or part vacant. Get an estimated rental figure for the building Look at the demand for tenants in this area could you get 2-3 tenants interested in the building at your estimated rental figure? Yes you will have to do research here and phoning around!! Will the tenants you’ve approached take an agreement for lease so that you know you’ve got a tenant in your vacant space day one? Yes? great … work out the increase in value with the tenants in situ All being well and STRONG lease terms agreed, chances are you’ve made yourself some ££’s overnight! No resi development needed. You want more detail? You’re going to have

This week I’m late in sending this out because I’ve been in Austin, TX, searching for another house! I’ve had so many requests for details on what it’s like to buy in the US that I thought I would share. Now full disclaimer, I’m not a US investment expert we buy where we need a base… that’s completely possible because the money needed on completion is low. For example on what I’m about to tell you, the purchase price is $595k, we’ll need $50k/£36k to complete. If you’ve been listening to the pod, we’ve needed a base over there for a while as it’s closer to Chris’s office. So this week I tell you what we're doing. Remember to come and follow me @honestpropertyinvestment  Don’t forget to subscribe and rate and review! If you have a story to tell me please email natasha@ncrealestate.co.uk

I’m not going to sugar coat it, being a property investor is hard. Especially when you’re building a portfolio and you want to keep buying. I’ve been doing this for 12 years and this week I was met with a curveball… a lender ignored the valuation report and allowed their underwriter to choose the value instead. Remember to come and follow me @honestpropertyinvestment  Don’t forget to subscribe and rate and review! If you have a story to tell me please email natasha@ncrealestate.co.uk Here’s the link to the details from the NRLA about housing Afghan Refugees https://www.nrla.org.uk/news/monthly-bulletin/202108/news/resettlement-scheme

There’s nothing like speaking to a fellow surveyor to get you excited about what’s coming in the industry. This week I invited Jen Lemen onto the podcast because she always knows what’s going on with the RICS and changes to the profession… I have to be honest and say I’m sometimes behind here as I dread reading long guidance notes and practice statements!! My favourite part of this conversation was imagining what the property industry is going to look like in 5 years time. Remember to come and follow me @honestpropertyinvestment  Don’t forget to subscribe and rate and review! If you have a story to tell me please email natasha@ncrealestate.co.uk Jen Lemen is a co-founder of Property Elite, Chartered Surveyor and RICS APC assessor. She is the author of 'How to Become a Chartered Surveyor', published by Routledge. She is also an experienced property consultant (co-Director of Projekt) with FRICS status, a RICS Registered Valuer and a RICS Accredited Mediator, with nearly 15 years' experience workin

On this weeks Podcast I discuss how my US property portfolio is changing up, why we’re renting this place and where we’re off to next PLUS exactly how to make the time to invest in property. Remember to come and follow me @honestpropertyinvestment  Don’t forget to subscribe and rate and review! If you have a story to tell me please email natasha@ncrealestate.co.uk

This week I NEEDED to share that it’s not all sunshine and rainbows over here. Sometimes I too, even though I have tried my hardest to stay away from this, have to deal with the wild west of property The lesson to be learnt here is that if you don’t hire a fully trained professional, you’ll end up costing yourself money. Remember to come and follow me @honestpropertyinvestment  Don’t forget to subscribe and rate and review! If you have a story to tell me please email natasha@ncrealestate.co.uk