Lockdown 2.0 = Busy Bee's
We have been busy bee’s in lockdown 2.0 with lots of viewings, helping our mentor on her online session and being invited to be guests on a podcast.
So this Lockdown has been very different to the last as the housing market has been allowed to stay open. This has allowed us to view properties and move our business forward. We have been looking for a project for some time now and after lots of viewings we may have found one (exciting). It’s a shop with office space and a small house to the side all of it which is empty. We have been thinking about different ideas and how to work the floorplan to get the most out of the space and maximise the profit. Our plans so far are to keep the shop but make it smaller, create a 1 bed flat, a 2 bed flat and keep the house pretty much as it is. The property does have a few issues, the main one being damp…. a lot of damp, but we are in the process of getting our quotes together to see how much this is going to cost to sort out. We will keep you up to date on this one as there may an be opportunity to work with.
We have also been viewing some rental properties around east midlands airport hoping to do a strategy call ‘Rent To Rent’. Unfortunately none of these have worked, mostly due to our criteria but we will continue to look and hopefully get one very soon. (I will talk more about ‘Rent To Rent’ another time as it’s a great strategy with potentially very high cashflow).
We haven’t spoken much about our mentor but she is so good. Knowledgeable, supportive, just a lovely lady so when we were asked to help on one of her online coaching sessions we had to say YES! It was a great experience to help other people to get started in property. The best thing was we were learning at the same time (can’t get any better than a win-win). We must of done ok as she has asked us to do it again and we can’t wait.
Our greatest achievement by far though is being asked to be guests on a business podcast ‘Next steps for business’. This came from our business club network and we were delighted to be asked to speak about investing in property. It was a great experience and I think we did alright as they have asked us to do another one early next year. It’s a great podcast for business owners or people thinking about starting up as each week they have an expert on that give you great tips (and it’s FREE). Have a listen to ours and see what you think.
We hope you are staying busy and looking forwards to the new opportunity's that come your way, but for now we will leave you with this...