On this call you will be listening to a fascinating interview between myself and a Property Tycoons Community member named Ryan Otto. I first met Ryan at our recent lease options workshop (How To Profit After The Crash Seminar, February 2010). He seemed a determined guy who would go far with the techniques that we shared at the workshop. It wasn’t until we ran our second workshop that I realised how well - he’d done 18 deals inbetween the two workshops which equates to one deal per WEEK!
As you will hear on the call, Ryan has a varied background in property and a good work life balance that allows him to spread his time across his business interests, his family and his passion for martial arts and cage fighting.
Several Property Tycoons Community members recently posted up some questions on our discussion forum for Ryan to answer. I put these questions to Ryan on the call - these questions are:
Finding deals:
Steve Moore: Does Ryan target one area or nationwide?
Steve Moore: What advertising does Ryan do?
Steve Moore: Who is Ryan looking for (kind of people) and what kind of property?
John Mac: Where do Ryans leads come from?
John Mac: How much BMV?
Steve Moore: Cost of advertising type:
paper?
leaflets?
Internet?
boards?
Steve Moore: Cost of advertising broken down to:
average cost of each lead?
average cost of each deal?
Steve Moore: Which advertising route is more beneficial against:
Buy as least option?
Buy BMV to rent?
Buy BMV to flip?
Doing deals:
Paul: What deals is Ryan doing?
Paul: How long to complete?
Paul: How much is Ryan getting?
John Mac: Which lender/lenders is Ryan using?
John Mac: Where do his deposits come from?
Completing deals
Steve Moore: Is Ryan able to cash out on the deals?
On the call you will also hear Ryan mention a debt renegotiation service that he uses. Their website link is EMS
Enjoy the audio!
Please note, this audio is a sample of the full recording. The full recording is available for members of the Property Tycoons Community to download from here. If you are not already a member of the Property Tycoons Community you can learn about the huge range of benefits and take advantage of a FREE trial here.
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Tagged with buy to let uk, cheap property uk, Creative Strategies, Hanif Khan, investment property seminar uk, Lease Options, Make Profit, Parmdeep Vadesha, property auctions, property investing, property investor.
By admin
– March 9, 2010
At this Tycoon Mastermind Alliance session I gave a five hour talk on the most potent Internet marketing techniques that property investors can use in the current climate to source below market value properties - I have personally used these techniques in our businesses to get #1 Google positions for dozens of top keywords.
Here is a taster of some of the topics that I covered on the day:
- How to find distressed sellers of bargain properties using the Internet…
- How to get thousands of free visitors to your website…
- Revealed: why search engines love blogs, how you can get one for free and what you need to say on your blog…
- How to create great content easily and quickly…
- Traditional internet marketing techniques vs new Web 2.0. techniques…
- The secrets behind the new promotional techniques like podcasts, social bookmarking websites, youtube and many more…
- How I use press releases to get newspaper coverage…
and much more!
Oh and don’t forget, the content from this talk is not just applicable to property investors. You can use these ideas for any money making idea or business.
Please note, this audio is a sample of the full recording. The full recording is available for members of the Property Tycoons Community to download from here. If you are not already a member of the Property Tycoons Community you can learn about the huge range of benefits and take advantage of a FREE trial here.
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Tagged with Bargain Property, Blog, buy to let uk, cheap property uk, internet, Investing, marketing, Parmdeep Vadesha, property investment, Search Engine Optimisation, Web 2.0.
By admin
– March 3, 2010
On this one hour call our resident property experts show you how to find the best profit making opportunities in this climate. They also describe some of the tools that you can use to make the most of the current climate.
On the call we answered several questions:
- Are property prices going to go up or down this year?
- What’s going to happen to interest rates this year?
- What are the best creative strategies to use in this current climate?
- How to find bargain properties even if you are new to property and have no money to spend!
and much more…
Enjoy the audio!
How to Profit After The Crash Workshop
Parmdeep Vadesha, Shimon Rudich, Hanif Khan, Phil Martin & Richard Shepherd
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Tagged with buy to let uk, cheap property uk, Creative Strategies, Hanif Khan, investment property seminar uk, Lease Options, Make Profit, Parmdeep Vadesha, Phil Martin, Price, property, property auctions, property investing, property investor, Property Prices, property seminar, repossession auction, Richard Shepherd, Shimon Rudich.
By admin
– February 19, 2010
Welcome to part five of this valuable series of tele-seminars that guide you through the UK’s first ever £1M Lease Options challenge! On this call we took questions from the listeners and we talked about some exciting ‘never before revealed’ lease options strategies, namely:
- The Option Flip
- The Sleeping Beauty Option
- Divide & Conquer Option
- The Classic MOC Multiplier Option
- Slice & Dice Option
We also took the following questions:
- Question about the “Sleeping Beauty Strategy” I viewed a 2 bedroom semi bungalow that has gone through probate and is now owned by a member of the family. The property needs to be modernised, new bathroom, kitchen, carpets etc. It is on the Market for £205k, I would like to agree a short term lease for X amount per month with an option to purchase for £190k. I would do the work to bring it up to standard, within a month and put it on the market for £240k. My question is, Is it possible to put the property onto the open market and sell it without me actually owning it? How exactly would this work?
- Solicitors – Can you run through a technique of how to persuade a seller to use our solicitor (maybe Shimon)?
- Estate Agents – They expect to get a 1-2% fee from the vendor when he/she sells, should I be prepared to pay that? Any techniques to negotiate that down? I have been looking at empty properties with EA’s, are there any issues with dealing with the agent and not the vendor directly?
and much more…
Enjoy the audio!
£1 Million Lease Options Challenge!
Parmdeep Vadesha, Shimon Rudich, Hanif Khan, Phil Martin &
Richard Shepherd
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– February 13, 2010
Welcome to part four of this valuable series of tele-seminars that guide you through the UK’s first ever £1M Lease Options challenge! On this call we took a question from the listeners and we revealed some exciting ‘never before revealed’ lease options strategies, namely:
- Storage Option Millionaire.
- The Sleeping Beauty Option.
- The Classic MOC Multiplier Option.
and much more…
Enjoy the audio!
£1 Million Lease Options Challenge!
Parmdeep Vadesha, Shimon Rudich, Hanif Khan, Phil Martin &
Richard Shepherd
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– February 5, 2010
Welcome to part three of this valuable series of tele-seminars that guide you through the UK’s first ever £1M Lease Options challenge! This call walks you through how to structure a lease options deal. Our lease options solicitor will take you by the hand and show you how to fill in the initial documentation including the ‘heads of terms’ agreement that you will need to complete when putting lease option deals together.
We also answered the following questions on the call:
Dear Mentors,
the last webinar was great (sadly I could only join 1/2 way through) and the role play by Phil was excellent pointers – great simple script and I’m a big fan of Phils. It was clearly a win win with Richard and with lease options being so flexible and creative there is potentially nearly always something that can be done.
However, in the rough and tough world of negotiation and the 1st phone call there is of course a lot of objections and objection handling from landlords and vendors even for the simply laid out concepts. Ive found in London particularly hard getting a landlord to agree 20% off rent as apparently rents always rise, there are never voids and they’d accept the guarantee for 5 years if it was at current open market rate – hmmm why would I want to do that? there clearly is no logic in that for an investor. not a win for me.
My rapport building is very good and my negotiation is probably fair to middle over the phone in the first call as I’m struggling on occasions to convince a pretty savvy 10 years experienced London landlord for example who’s never lost out of property yet.
So what I wanted to ask – could you compile or provide a dossier for frequent and common objections that we can put in the toolbox to try and convert more calls.
As sometimes is just one more hurdle to keep that golden egg in tact.
Craig.
—————————————————————-
Hello all did we all enjoy last night ? i did but i do have a couple of questions such as i now understand how to approach landlord/vendor with the old i have a client who is interested speech, but i don’t where do i find them/generate them, especially tenant buyers? and it was mentioned by phil to send over a draft proposal when potential deals are on the table, is there a copy of this anywhere we can download and tailor to our needs? i do appreciate that the answers are in forthcoming conferences but i do want to get the ball rolling on this one.
Now just for a minute if you could imagine that the challenge was laid down a month earlier could it have been called the £10 million challenge in time for the next workshop? or would Shimons and his team not been able to cope?
Now with comments like that i had better at least be able to get 1 deal done in time hadnt i? so please team you may call me 07500104844 with any early pearls of wisdom you may have for me
Craig G
—————————————————————-
Many thanks chaps for another great teleconference. A couple of really good nuggets of info, one of which I would like to ask a further question about;
re; Future value of an option;
example; 5yr sale option agreed 110k,
TB wishes to leave after 3yrs,
option fees paid to date 10k,
what would the value of the option be if;
- RIS value of property 105k.
- 110k
- 115k
Is there a formula to calculate this or would demand determine the value of the option by auction?
Having just asked this question, I now realise that there is a whole other world of trading options out there and is this something you guys do regularly?
many thanks Ian
and much more…
Enjoy the audio!
£1 Million Lease Options Challenge!
Parmdeep Vadesha, Shimon Rudich, Hanif Khan, Phil Martin &
Richard Shepherd
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– January 30, 2010
Welcome to part two of this valuable series of tele-seminars on the UK’s first £1M Lease Options challenge!
We answered the following questions on the call:
- Say you have a lease option with some tenants and they pay you a deposit upfront and monthly top-ups for the option to buy the house they are renting years down the line. What happens to the deposit money and top up money if they decide not to buy the house in the end? Would you return it to them or is it yours to keep?
- It was stated that it should be a fee up front not a deposit to avoid confusion etc.. The top up, does this go towards the purchase price or is it just a premium rent? I can see 110k (option purchase price) less 100k (current price) = 10k where does the other £1 come from?
- I can see the benefit to the TB as they can purchase the house at 110k and presumably if its over 5yrs or so the house will then be worth much more, so a good incentive.
- I want to do some leaflet drops is there a particular area that lease options work best? if im doing a lease option deal were there is no mortgage on the vendors house but they want a lump sum to spend on thier new house could i get them to re mortgage and me to +pay the re payments if this is possible what type of mortgage do i take out ? Im guessing a buy to let mortgage if so how would I raise the 25% deposite for the buy to let mortgage ?
- Typically what % below open market rent do you offer for guaranteed rent to landlords for say 3 to 5 year leases? And do you typically cover maintenance? To what amounts? e.g. £100 per issue…etc.
- Do the options need to be registered with the lenders ( as per commercial) to make them valid
- What is the best way to cover yourself against interest rate inflation for the term of the lease?
- I am in talks with a vendor at the moment he has a property thats worth 100k but has a mortgage on the property of 120k ! I am struggling to structure this deal…..any advice would be really appreciated!! mortgage is 450.00 rentals in the area between 625-650
and much more…
Enjoy the audio!
£1 Million Lease Options Challenge!
Parmdeep Vadesha, Shimon Rudich, Hanif Khan, Phil Martin &
Richard Shepherd
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– January 23, 2010
Welcome to part one of this valuable series of teleseminars on the UK’s first £1M Lease Options challenge!
On this teleconference we discussed:
- Establish The Current Market Conditions.
- Why Property Investing Represents The “Buy Opportunity Of A Lifetime!”
- Why The Market Is Perfect For Lease Options.
- About The £1M Lease Options Challenge.
- Example Of A Good Lease Option.
- How To Make Your Commitment to This Challenge
and much more…
Enjoy the audio!
£1 Million Lease Options Challenge!
Parmdeep Vadesha, Shimon Rudich, Hanif Khan, Phil Martin &
Richard Shepherd
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By admin
– January 17, 2010
Welcome to another Property Tycoons Community member interview.
This month I am interviewing a member of my Tycoon Mastermind Alliance mentoring program David O’Donnell who lives in London and works in the consumer goods industry.
David explains how he came to the realisation that working for somebody else for the rest of his life was not going to give him the kind of freedom and security that he would need to be truly happy and secure for the rest of his life. He decided that things needed to change (sound familiar?)
He started by researching the property market thoroughly, visiting networking events and speaking to people in the know. Before long he did his first deal and now he is well on his way to buying many more properties. Within a few years he hopes to be financially secure for life.
During the call, David reveals some of the techniques that he uses to research deals including what to look for on the Internet before you visit the property and how to assess the deal when you make a physical visit.
Whoever said property investors will suffer in this climate is obviously talking to the wrong people!
Enjoy the audio!
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– December 27, 2009
Parmdeep Vadesha created the Property Tycoons Community website because he couldn't find anywhere on the web that brought together people who shared his passion - the art of finding and buying investment properties at knock down bargain basement prices.
Parmdeep stumbled into property at the age of 23 whilst working nightshifts as a warehouse operative at a local crisps factory for £5 per hour. He started in property without any experience or knowledge of the business. He invested all of his spare time into learning how to find distressed sellers of bargain properties. Within 3 years he was financially free purely through his property related investments and businesses. 
