News on SMP Investments & Project Management 🏚 ➡️ 🏡

What a glorious run of weather we’re having here in South Wales at least! It’s (almost) enough to make you feel happy to stay at home and enjoy it while it lasts.

SMP Academy Ageas Bowl

We are so excited to have recently held our 2nd Source My Property Academy training weekend. The setting was fabulous, at the Ageas Bowl in Southampton. The cherry on the cake was being able to walk out of our meeting room at breaks to take in a bit of the county cricket match being played at the time.

We purposely restricted numbers this time, to get the feel of having a more intimate event, where delegates could interact as one big group, as well as the opportunity to be able to approach any of us with any further questions, or simply for a chat.

Any event has it’s positives and negatives, but we are determined to keep improving on the last one, and we value and listen to any feedback from attendees. Dates have already been set for the year and you can register your interest here!

One of the aspects touched upon in the teaching, was how and where to increase income. Project Management is one of these key areas. It’s also something we have added to the services we offer as a company. As we have so many projects and build teams on the go now, it has become a time-consuming necessity, so much so that we now have 2 full time project managers on board. 

New kitchen taking shape

New kitchen taking shape

Plasterers finishing off reception room

Plasterers finishing off reception room

Landing with a new 4th bedroom

Landing with a new 4th bedroom

It is vital to us to provide excellent service to our clients, and we felt that they needed one person to liaise with. This person gives weekly reports to clients, as well as our directors, and is on the ground, at properties on a daily basis. It has become impossible for the directors to provide this service, as the company has grown too large, but the importance of this service is really the mainstay of who we are, and what we provide.

Clients receive photos at various stages of the development, and get to know their project manager, visit their property, and know that he/she is keeping a close eye on things. Of course there is a cost to the client, but this is explained and budgeted in at the beginning at a % of the build costs.

We feel that this set up really smoothes the relationship between builder and client, but it certainly doesn’t mean that the directors are not in touch on a daily basis. In fact, it helps them stay even more informed and involved, and able to concentrate on bigger things, while knowing that our clients and their projects are being well looked after.

So, wherever you may be this Summer, enjoy it and be happy!

 

JB

When the boss is away!

I’m the first one to admit that I’m “old school” and don’t use technology to it’s full extent, and could probably use it a lot more to my benefit – as well as those who have to work with me. 

But, it is an invaluable tool , especially when the boss takes annual leave. We use a wonderful interactive tool to keep track of our finances, as well as each client’s individual project, which they can get access to as well. If you ever want to see a useful free CRM for your business have a look what we use here.

This way we can also show exactly where costs are going, and we assign each and every invoice or receipt for materials, contractors, and any other bills with regard to each property. To us this is important, as we pride ourselves on openness and transparency with our clients, in other words, no mark up on these costs.

Yes, we charge our fees, but these are agreed upon prior to any work starting on the property, and also shown on the working sheet.

So, while the boss may be sunning himself (not jealous!) on a well deserved break, he can log on once a day, when kids are tucked into bed, and check in on each project.

Here is an example of one of our projects being tracked.

Here is an example of one of our projects being tracked.

Whatsapp is an invaluable tool too, as we set up groups for each project, clients included, and our project managers keep us all updated with photos, or any questions that might require a quick “yes” or “no” response!

What it boils down to, is that it’s “business as usual” when any one of us is away for any reason. I know this may sound obvious, but not necessarily for us. We also pride ourselves on being  a company that values our clients, investors, contractors as people and individuals, without whom we wouldn’t have a business.

John and Roger are “people people”! They are always happy to meet with, or talk with you on the phone, as soon as time permits. Yes, our business is property, and we exist and strive to bring new life to tired, run down properties, for people to live in!

What I’m really trying to say is, that when the boss is away, our client’s shouldn’t even be aware of it, and work carries on as normal, but I also hope they are, as that means that the personal touch is missed, if only for a few days!

JB

Property Sourcing News from SMP 🏡

When the boss decides to come to Wales to source properties himself, we know we have a problem!! A good one, I mean – we need more properties!!!

Things are going a little crazy down here, so we must be doing something right. I’m not saying that certain days aren’t without their hiccups, and that things inevitably go wrong with a build, or we find something sinister when we strip a property back, or a builder gets ill, etc, etc, but those are our problems!

We factor these things in when we do our due diligence, and run the numbers on a property. We always have at least 2, probably 3 “exit’ strategies, or ways to recoup your investment within 3 years, making a profit along the way of course!

These are also the reasons why we now run Source My Property Academy, to teach you how to do all of the above, and hopefully inspire people to source properties for us, so that we can deliver to our ever increasing list of preferred clients.

 Our preferred clients will see a listing before it goes “live’ on our web site, because they are literally being snapped up within minutes!

To get onto this list, you need to have done property deals with us in the past, which means we have gone through all the legals, have proof of identity, proof of funds, anti money laundering, etc., all in place. We take this all very seriously, are fully compliant, and know that of course our investors do too. After all, you’re investing hard earned money into a property, with the aim of turning it into a home to sell or rent.

This is our passion. We are committed to make things work, and learn from little mistakes when they happen. I heard a quote last night, that basically says that as you grow, so do your problems, but the only thing you can do is learn, change, grow, and move on!

Have a wonderful day.

JB

Source My Property Academy

Wow, wow….. pretty much sums up what for us as part of the Source My Property Academy team, was a fantastic weekend!

Our 2 day “workshop” pretty much covered all the basics as to how to source properties. By this, we mean, finding properties, as an investment, or for clients who want to get in on the property ladder, but don’t have time, or don’t live in the investment area.

We look for run down properties where there is an opportunity to make profit. We have our own build teams and project manager who look after this side of things.

But the aim of the weekend was that people could go away with the skills to get out there and find them! We crunched numbers, learnt how to set up a company, put together source packages, be compliant as far as insurances, taxes, and all legalities are concerned, made new friends and colleagues.

We can only speak from our side of things, but the feedback we had was so encouraging and so rewarding for all involved. This was our first teaching weekend, but there will be many more to come!

We want to be different, we want to be personable, and want to impart all of our combined training, as well as experience, on to others. We would like to feel we accomplished that.

 So, if you’re keen to learn about sourcing property, or finding out more about what we do, or maybe you want to book your space on the next workshop. Just click through here!

Our next event date is the 6th and 7th of July 2019 in Southampton!

Have a great week, and for all who attended, just get out there and do it!

JB

🏚 ➡️🏡 Source My Property Academy Workshop Weekend!

Exciting news! We are hosting our first weekend workshop with our own Academy on how to source property. As I write, we are sitting around a table in the breakfast room of the hotel in South Wales, where the workshop is taking place. Laptops open, presentations fine-tuned, phones ringing, staff setting up the room, but a great friendly atmosphere and sense of excitement at the same time. 

The nice thing about this is that it’s a wonderful time for the directors and those involved in presenting, to chat, brainstorm, share ideas, and generally socialise and enjoy each other’s company, which is something we don’t have time to do during a normal working week. 

WhatsApp Image 2019-04-26 at 13.00.56.jpeg

We are expecting 40+ students, all keen and excited to learn about how to source properties. Our directors and presenters have done all the training, but also have years of experience on the ground. 

We will teach our students how to crunch the numbers, package deals, and then sell them on to investors. We are constantly attracting new investors wanting to get in on the property market, and we need to find them the deals. That is what we’re all about really, finding properties where there is money to be made.

Once the deals are done, all legals completed, we offer a complete service regarding refurbishment of the property. We have a number of build teams and contractors who are constantly hard at work, moving from one property to the next, to bring the property up to it’s full potential.

As far as figures go, we always offer a couple of “exit” strategies, and do all the due diligence on behalf of the investor.

We envisage that at the end of this weekend, a number of people will leave here, excited to get out and do something new, something they’re as passionate as us about, while earning themselves a good income either on a part or full time basis.

Lunch is served, so watch this space for a follow up after what promises to be a wonderful weekend all round.

 

JB

Lease Option Investments Perfect for Serviced Accommodation!

With serviced accommodation rapidly growing in popularity across South Wales we are secured a few Lease Options on some beautiful country properties. Serviced accommodation is high on our own investment list with our beach side apartments being the highest yielding properties this year so far.

In Brief

LO upfront Fee (£2000 to come off final purchase price): £‎3,500
LO Monthly fee: £‎187
Option Period - Duration of the mortgage: 15 years
Purchase Price (in 15 years): £‎119,900
Current Open Market Value: £‎110,000
Refurbishments required: £‎15,000
Cash Flow: £482 as serviced accommodation

Click through to our website to see the details in our numbers!

Click through to our website to see the details in our numbers!

Lease Options are the most perfect way to make use of someone elses low interest rates on their mortgage. Fix up the property and then let it out. These properties work very well as standard BTLs as a fall back and also make good money on the flip at the end of the option period.


🏚 ➡️🏡 Our feature on The Property Box!

This month SMP Directors Roger Burrows and John Stokoe were featured on the Property Box YouTube channel for their flip project in Newport South Wales. The project was run as a Joint Venture with their partner Monica!

Why not have a look at the episode which captures one of our early day projects and its HUGE success!

Joint venture projects is an option to get the ball rolling on your property journey whilst leveraging off others knowledge. Here at Source My Property we also have our own projects ongoing and we always welcome the opportunity to complete a joint venture. If a JV is something you would like to complete with us, then get in touch. Email john@sourcemyproperty.com to say hi and introduce yourself.

Happy investing!

Team SMP

Sophisticated Property Investing Strategies To Build Your Financial Future -  Vid 7 & 8

"Joining the Frank Partnership team has been the best decision I have made in property. Previously I've owned Buy To Let property and have purchased developed and flipped, but my first six months on The Frank Partnership and dwarfed my property successes to date! I have already raised my income by over £2,000 pcm, purchased a property £65,000 below it's RICS valuation, all whilst still working full time! Bring on the next 6 months!"- Paulene Chalmers, Partner.

Video 7 Tulse Hill – Assisted Sale / Full Market Value Investing

Video 8  Conclusion

 What’s next?

Frank runs regular one day seminars where he teaches these very powerful (and unique to Ethical Property Partners) strategies, where you can buy property way below market value and sell way above. You get a full 100 page + manual and you can ask any questions and get a direct answers from the sophisticated property deal master.

The next one is on the 4th of June

BOOK ONTO THIS LIFE CHANGING EVENT TODAY which was £597  but for SMP clients only £97! Full money back guarantee

JUST CLICK HERE TO GET SIGNED UP!

Got questions or prefer to book by phone?

Call our team on 07816 486339

Email Support: frank@frankpartnership.co.uk

 Regards

SMP Team

Sophisticated Property Investing Strategies To Build Your Financial Future -  Vid  5 & 6

Moving South in the UK Frank discusses some of his most impressive strategies

 Video 5 Northampton – Turning Discounts into Cashflow (TDIC) / Charities

Video 6 St Pancras – No Money Down Developing

How is Frank different to other property investment training/ mentoring companies?

 The first thing is that we are ethical (it’s in the name.)

In Franks words - I know that’s a big thing to state but we stand by it and you can speak to any of our partners, employees or contractors and have them tell you that.  We strive to stand for integrity and high standards in a marketplace that admittedly can sometimes fall far below acceptable standards.

One of the reasons we run ‘satisfaction guaranteed’ seminars is so that you can find out, risk free, what we teach and what we stand for. We never ask people to team with us unless they know that we’re right for them and we know they’re right for us.

We also don’t simply teach property skills. We teach the critical mindset skills which work alongside it and which are CRITICAL to success. (Without them it’s like having the keys to a high powered car with an empty tank.)

Watch out for the 3rd in this series in a few days

Regards

SMP Team

Sophisticated Property Investing Strategies To Build Your Financial Future - Vid 3 & 4

We continue the Frank Flegg video series with 2 of the 54 different strategies he utilises to source and monetise properties with both money down and no money. Whether you know precisely ZERO about property or whether you have an existing portfolio that isn’t performing as well as you’d like. Frank can help you to generate recurring revenue and financial freedom.

Video 3 Derby – Commercial to Residential / 12 bed HMO

Video 4 Leicester – Below Market Value / Off Market advertising

What kind of results are possible?

A small sample of the results that Franks partners have generated in the last few months…

●      One new partner did 3 no money down deals in their first 6 months netting an extra £2k per week

●      Another partner did £50k net profit on their first house flip within the first 2 months.

This is commonplace in his partner team. When you limit excuses and maximise learning and action you get results… fast!

Watch out for the 3rd in this series in a few days

Regards

SMP Team

 

Sophisticated Property Investing Strategies To Build Your Financial Future

We at Source My Property are passionate about all things property and have made great strides forward thanks to keeping abreast of the market and by working with the very best when it comes to educating ourselves. We believe in a win-win for all our transactions to be able to achieve this we often need to utilise sophisticated strategies to ‘make the deal work’

One of the most knowledgeable in the industry is Frank Flegg, who is all about one thing… changing people’s lives through property. On one side he runs a charity, Stepping Stones, where they house people in need and help them rebuild their lives. On the other side he runs Ethical Property Partners and teach sophisticated property investing skills that generate recurring passive income streams for his partners. He utilises over 54 different strategies to source and monetise properties with both money down and no money down

We asked Frank to put a video series together and explain a few of these strategies, so that we could share them with you to broaden your knowledge and be more effective as a property investor. We will be sending out a couple of videos every 2 days and would recommend having a listen to one of the countries masters in his field. Enjoy

Who is Frank Flegg? (in his own words)

 I started my career as a teacher (honing my ability to simplify and transfer information) before deciding to build a solid financial future for myself and my family and dedicating myself to mastering as many investment strategies as possible, eventually acquiring close to 60 properties and achieving my ultimate financial goal.

A few years ago I converted to Christianity and decided my life mission was to use my hard-won knowledge and skills to help others create their own property empires and fulfil their dreams.

 To date we have over 54 different strategies to source and monetise properties with both money down and no money down.

Whether you know precisely ZERO about property or whether you have an existing portfolio that isn’t performing as well as you’d like I know that I can help you to generate recurring revenue and financial freedom.

Watch out for the 2nd in this series in a few days

Regards

SMP Team

See our video tour of your latest investment opportunity!

Source My Property has this little investment grade deal available in Treorchy, South Wales. We have been investing here heavily in the last year and love the high yield off BTL properties. In order to bring this one to life we have done a property video so that you can get a sneak peak.

In order to find out more & reserve this investment just head to the website here!

Technology – some tips for your property business.

As I write this, I can’t quite believe what I’m saying. I’m most definitely of the “old school”, and still not entirely comfortable with technology in many areas.

 I still write out lists, send cards, prefer to read books in print, and keep manuals for appliances, mush to the disgust of my children!

But I do use email (who doesn’t?), have an iPhone (other smart phones are available) that I use to check Facebook, and am becoming slightly more proficient using various platforms on my desktop, although I still need to be “rescued” every now and then (as do some lost files!)

 I do love “Whatsapp” though. I find it such an easy way to stay in touch with family and friends, send messages and photos instantly and set up groups to arrange specific events or meetings.

 We, at SMP, use this medium a lot and set up a group for every new property project. This includes our client or property owner, the builder, SMP admin and our project manager.

In this way, our clients can receive weekly updates and photos as to how the build is progressing, and any queries can be sent instantly back and forth.

 Another piece of tech that we use on a regular (daily) basis is our CRM software for running our build sites and client projects. In fact, our entire property business sits on the platform Its called Airtable. Why not have a look at this FREE software. SMP Operations Officer Roger Burrows has even made a YouTube video (he’s much better at tech than me) on how to use it!

So I will do my best to continue to learn as I go along, and my family will continue to be patient with me. I suppose it’s not much different to when I was younger, but just that what we teach and learn is forever changing.

Enjoy the fact that Spring is on the way, and please contact us via our web site, or facebook page. If not me, then someone who is more comfortable with “social media” will reply!

JB - SMP Administrator

5 new investment opportunities with Source My Property

It’s clear that we are growing…..really fast. But we are growing with a team of quality property sourcing experts. Just have a look at our site at 5 new investments ready to be reserved by you.

Click through to our website!

Click through to our website!

Reminder, the fastest way to see our newest investment opportunities are on our FaceBook page! Make sure you “like” and get notified before anyone else!

An extra £1000 negotiated off the asking price!

We recently secured this investment property in Ferndale, but on receipt of the survey it highlighted some damp issues which we did not anticipate. Rather than walking away, we re-negotiated and managed to get a further £1000 reduction off the purchase price. This means that we will achieve over £10,000 on the flip and also, more importantly, it improves cash flow to £236 per month with all your money back out in 3 years and 4 months.

Click through to our investment opportunities.

Click through to our investment opportunities.

Make sure you look out for our latest secured investments as we have more to post this week. The best place to see our investments first is on our FaceBook page. Make sure you “LIKE” our page and you will be notified first.

Where has the time gone? Happy 2019 to you all! Is that still ok 😂?

We’ve hit the ground running, so to speak. I don’t think any of the team can even remember having a bit of a break, so it’s just as well that we all love this business so much! 

I can’t even keep count any more of the number of properties currently in various stages of refurbishment, but all I know is that we have a number of build teams, all headed by guys who pour their blood, sweat and tears into the property builds, and who we trust to get the best job done. We get calls daily from investors wanting to reserve properties with us and be at the top of the list for the next deal. The BEST place for you to see what we have in when its brand new, is our FaceBook page. Just click through and ‘like’ us.

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New investments available with Source My Property

Happy Sunday to all of our clients and property investors. Source My Property has some new opportunities for clients who are looking and ready to move into their next, or even first, property investment. We are having a lot of requests for properties to “flip”. Which means to buy, renovate and then sell for profit. So that is what the team has been focusing on. But of course, the golden rule is that we would never sell on an investment opportunity that doesn’t have 2 exit strategies. Meaning that if the property didn’t sell as quickly as you hoped, it would still work just as well as a Buy To Let.

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2019 starts with new investments available for our clients!

We are extremely excited about this year and it is a pleasure to wish you a happy new year on this cold Wednesday afternoon. Here at Source My Property we are back in to work after a small Christmas break. The build teams are on site smashing down walls, fitting kitchens and most of all adding value to our clients properties.

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New Investment opportunities available through Source My Property

Where has 2018 gone? It feels like I haven’t even gotten used to writing 2018 and soon it will be 2019! Well the year isn’t over yet and we have some exciting offers for investors!

Available for already is our London development of a 3 bedroom end of terrace house and 2x 2 bedroom maisonette’s. This project has been incredible to watch transform and to bring such beautiful houses to the London market, with HELP TO BUY available on them fills us with such pride.

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