Simon shares a cautionary tale about the importance of being selective about the advice you receive in the property investing world. Drawing from a recent experience with an estate agent who provided incorrect information about a property for sale, he discusses the need to critically evaluate the expertise and credibility of individuals offering guidance in property investment.
KEY TAKEAWAYS
- Be cautious of who you listen to, especially in the property industry, as misinformation can lead to costly mistakes.
- Verify information provided by professionals such as estate agents, builders, and advisors to ensure it aligns with current regulations and best practices.
- Seek advice from experienced mentors and coaches in property investing who have a proven track record of success.
- Take personal responsibility for investment decisions and conduct thorough research before making any commitments.
- Attend the National Virtual PIN Meeting in August to gain valuable insights on the impact of the new Labour government on property investing and network with industry experts.
BEST MOMENTS
"Imagine an investor who didn't know as much believes what this agent said. They could be in serious, serious difficulty if they bought that property."
"I've been teaching people how to invest in property for 21 years. I've been investing myself for 29 years, but I still don't know everything."
"The danger here, someone could say oh yes I'll have that property, they put down their 4.25% which is the best part of £11,000 plus VAT, which is non-refundable by the way."
"So the moral of this whole podcast, and I hope you've got the message, please, please be careful of who you listen to especially in a state agent they should have a bit of knowledge letting agent a builder."
VALUABLE RESOURCES
You can register for the National Virtual pin meeting here: https://www.nationalpinmeeting.co.uk/
To find out how you could win a fully paid scholarship on the next 12 month Wirtual Property Mastermind visit www.MastermindScholarship.com
Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi
Find out about the Global PIN Meetings at www.globalpinmeeting.com
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).
Contact and follow Simon here:
Facebook: http://www.facebook.com/OfficialSimonZutshi
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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.
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