Property Investing: The Tej Talks Guide: Building a Profitable Property Business by Tej Singh

Author:Tej Singh [Singh, Tej]
Language: eng
Format: mobi
Published: 2020-11-16T00:00:00+00:00

Direct Letters

Newspaper/Magazine adverts

Radio adverts

Google AdWords adverts

Facebook paid adverts

‘Bandit Boards’

Posters in the windows of your projects in Refurbishment

Posters on community boards or in newsagents

Speaking to Neighbours giving them your business card

Asking around in local builders merchants

Telling your builders to keep an eye out

Family and friends

Council disposals

There are many ways to contact vendors, I wouldn’t recommend doing them all as it will be very time consuming and expensive and may not yield an efficient result. I suggest picking 1-3 (some overlap) and using them alongside the other methods outlined here.

Quick tips: Leafleting - you can do this yourself, but it’s incredibly boring and time consuming, these hours could be spent finding deals or Investors. To send direct letters using the vendors name, you can pay £3 per address on the Land Registry to find their details. Asking the neighbours is very powerful, knock and introduce yourself, explain you are refurbishing next door and apologise for any noise/disturbance. Give them your number and say they can call you with any issues, then ask if they know anyone looking to sell? (and looking to rent/buy, for your house).

As usual, expect big numbers going out (like with viewings) and small numbers coming in, this isn't a magical method of sourcing, but it certainly does work. When discussing with the Vendor, it’s two ears one mouth - listen and ask, what do they need, what do they want, what’s their situation and how can you help? Sometimes you won’t be able to do anything apart from give some advice or refer them to someone in your network. The ideal is to meet them face to face, to strengthen the relationship, make you more memorable and to help you stand out. However, if you invest far from home, this may not be practical so consider a pre-screening questionnaire to go through on the phone. Make use of technology and ask for pictures to be sent via Whatsapp, you may get people with new houses wanting to sell, and this doesn’t fit our strategy, images will make that clear very quickly.

It’s best to go to the meetings equipped with as much information as possible about the end value, rentability and saleability in the area, you can then make better decisions in this meeting. Remember, both parties should have a positive outcome from any deal agreed.

Email your local council housing department and ask if they have a mailing list for any of their disposals, or how you can have access to them. There are some amazing deals here, but you have to be quick.

Your network

You never know who has money, deals, or a bit of both in today’s world. Never judge a book by its cover - they say - and I’ve often found it to be solid advice.

Most of your network will likely be Property Investors like you, so, why would they have any deals to pass on? It doesn’t hurt to ask the question, and tell everyone what you’re looking for, always. I’ve had deals sent to

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