How To Actually Use Other People's Money For Your Investments
Many potential investors hear much about how they can use other people's capital in order to get started, but where do you start? In this week's show, Simon talks you through the ways in which you can approach and attain money from others. KEY TAKEAWAYS Traditional lenders all like to ensure that you some skin in the game - that you have something at stake in the investment. Obtaining a letter from your source of money may solve the issues that lenders might have. They much prefer it when the money is yours to lose, and not some borrowed finance. The deal you want to be involved in must have enough potential profits, so that you can give a good return to your investor, plus a healthy return for yourself. You may have money somewhere in your life, that can be drawn upon. These hidden assets are a wonderful resource and can get you started immediately. BEST MOMENTS 'At some point all investors run out of their own money' 'One of the members of your power team should be a fully independent mortgage broker' 'You've got to be very careful when using other people's money' 'Blend your money with their money' VALUABLE RESOURCES Find out if you have any hidden assets you could use here - www.HiddenAssetsTest.com Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi 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). iphone: http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2 Register at Mindset For Property at - www.mindsetforproperty.co.uk ABOUT THE HOST 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. CONTACT METHOD Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/