During the current climate where property is scarce, the need for good quality property sourcers has grown dramatically.
Do you have connections with Estate agents, letting agents or do you network in the property or building industry?
You may be missing a trick if you are! If you come across relevant deals it is quite easy to package up these deals and sell them on to developers.
So what are relevant deals, and why would developers be interested?
Off-market property
Properties that are sold privately without going on the open market through portals like Zoopla, Rightmove & on the market are referred to as off-market properties.
The benefit to developers is that the competition is low, this gives the deal a much better chance of getting signed off and will attract investors and developers alike
Commercial property investment
There is a lot of interest currently for commercial property investment, offices, retail, leisure & offices, the main reason is that the government have recently changed classification so many of these can now be converted to a residential dwelling, especially if they can be obtained below market value and are currently empty
Student property investment and co-living houses
Student investments & co-living houses are often referred to as HMO’s or “houses of multiple occupations”, these types of properties can Produce a good yield, so investors are always interested, many of the current HMO’s are quite low quality with standard rooms, if there is an opportunity to improve the quality and achieve higher rents this will always peak the interest of Investors
Buy to let investments
There are more landlords than you think right now, over the last century there has been a massive increase in wealth amongst private individuals, We being British have always believed in owning property, if you find deals that can produce a decent income for the purchaser then yet again this is something you can package and sell.
Below market value
This may sound like an alien concept, but believe it or not there are many, many below market value properties, commonly known as BMV properties.
So why would people sell their property below the market value? There are also many reasons for this, an example would be if the property is a probate sale, and their relatives live abroad and they just want to get rid of the property quickly to realise the profit.
The property may be empty and costing the owners money, so selling below market value may save them money.
Maybe the property owners have found themselves in financial difficulty and can’t see a way out, in this instance we can step in and help them structure a way out.
So how can you earn £5000 per month quite easily, if the investor can make money from a deal, then it’s worth spending money on a sourcer, deal dependant you can charge anything from £1000 to £5000 per deal… maybe even more if the figures work.
We at TSG Investments work with property sourcers across the country and have available funds so can move very quickly, we also as a company have a code of ethics, we always want a win-win deal for everyone involved, if you have property to sell or have connections for any of the above reach out to us, we can then discuss things further.
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