Cold Calling Agents Until I Get Below Market Value Property Deal
ฝัง
- เผยแพร่เมื่อ 3 ก.พ. 2022
- How do I find below market value property deals? In this video Katy Wilson & George Scott reveal exactly how to find BMV (below market value) houses, learn how to sell, make cold calls to easte agents and grow your property investment portfolio.
#BelowMarketValue #PropertyInvesting #ColdCalling
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I have a council property that I'm able able get now for 68k and its worth 130k .my garden is huge at the back with a dropped curb road to the back.my intentions are to buy it then try get planning for the back split the backyard by fencing so two property's and extend the side of the main property to teo more bedrooms so 4 and a dining room toilet down also .would fetch the main property to around 240k and my back property if a 3 bed uo down small garden would be around 130k so total 370k but minus builds ie 90k so 290 from 68k is q possible plan for me.any tips advice
Loving the content also
@@graham2461 they will have a covenant on it for a few years no doubt but a cracking plan... I would also look at getting some equity out of it and buy 1 or 2 on the same street same footprint to replicate it as once you do this everyone will follow suit and prices sky rocket
@@steelcitydomains2356 I wish I had a clue into how I can get a investor on with me as ud be willing to earn them a percentage once I had planning .if someone wants to lend it once I've already bought my main property then would be interested in hearing more.theres some investment there even at rent if was to pay me out after whatever .I'm a hgv driver not a property developer but I know there's money to be earned with my land etc
@@graham2461 usually social media linkedin Instagram FB etc pop some details up but not too much on location initially
This is the real video, a starting deal sourcer needs to watch.
Avoid other buls***s!
Great video. Its great motivation to keep going and I appreciate the level of persistence, tenacity and flexibility in solutions thinking as well as pivoting of strategy that's required to secure a deal. As a Sales professional I've a thick skin but really ensuring that I get the value right is the scary part as the profit is ensured only if the deal is priced right.
Great video guys, would love to see a video on the process by which you decide wether or not to move on a property. The numbers you run to determine value and end value on a deal. Thanks 😊
Superb video thank you. The advice regarding asking about other properties, how to phrase it and being persistent pays off was great
Great video guys!
Thanks for that. This is exactly the video I was looking to find out how to do this. Now I know exactly what you’re doing I can try it myself. Thanks Cheers
This is definitely a video I needed to see!
Speaking from my long experience, beware the nutty next door neighbour. Not one estate agent has ever warned me. [Brigthon, Eastbourne area.] If it has not sold in a desireable area there is likely an issue.
i not understamd, pls elaborate
Very useful information, thanks Katy and George
Nice video guys!
I love it thank you this video helped me a lot as a first timer buyer!
You both are amazing,good job, respect
Excellent video!! Thanks for sharing your wisdom!
You've been amazing!
Love it!!!!
Well done guys
Superb video
🤣🤣🤣
Awesome
Awesome video! great insights, thanks.
Thank you
This is very generous of you both👍
Great video. Looks like you are based in my area. I recognise all those streets you mentioned.
Great content what is your view of lease option agreement thank you
Another great shirt 👕 👌 👍🏼 👏
What UK 'deal analysis ' app do you use?... as they all seem to be US based?
Great content. Like and subscribed 👍
Do you have an optimum price bracket you stick to with purchasing buy to lets ? Such as to avoid stamp duty etc ..
Great video,part 2 would be awesome
Modern method of auction , find it so complicated that it gives me a headache.
What is it?
Fantastic video. The market is crazy , didn’t think good deals were around in the present climate.
I Wana buy my first house for cash to rent with the intent of remortgage that house to buy another property to rent , is this the correct idea
Great Video… However….. The sceptical might ask; In real life, there are local investors in the areas you are cold calling who know the local property stats better than you; how come they have not bought these properties?🤔
Can foreigners buy also?
Wow I did this 24 years ago investing in property now age 47 I’m watching this like 😀😀😀😀😀😀😀😀😀😀. Next you’ll be telling me to JV or rent to rent
I might be missing something, but I’m really failing to see what they are showing everyone here??? How to call estate agents? If that’s the case, isn’t this what everyone does when they call estate agents???
It’s all very well arranging viewings (or as poor old George demonstrated, not arranging viewings), but chatting to estate agents and throwing low numbers around means nothing really, when other viewings are arranged and your low ball offer is no longer of interest.
If there was a video of them actually securing these properties and adding them to their portfolio, then I’d be impressed
Exactly
In this market you’ll get laughed at lowballing advertised properties. When there’s such a demand why are they going to sell to you bmv when they don’t need to. This is out of touch with the current market
“Or as poor old George demonstrated, not arranging viewings” ouch
Well said!!
I saw it differently. Estate Agents are just one route to finding where deals can be had but they're the biggest supplier of properties for sale in all sorts of situations (pro-bate/Auction etc..) so its smart to develop a good working relationship because they know what's coming up.
Yes anyone can call an Estate Agent but not everyone knows how to get the information they need for their particular agenda. There's a level of strategy, tenacity and flexibility in thinking, pivoting of strategy that's required to secure a deal. I think that is what they've been able to demonstrate here.
Ha ha. Its so simple. Why didn't I think of this.
loved this video would love to see a follow on video maybe the viewings etc and if u got the deals great work katy and george
I want to join . I love the straight forward transaction and problem solving skills
I have a property that’s on for £120,000 but I’ll sell it to you for £50,000 so you can make £70,000 profit. Do we have a deal?
Modern method of Auction ‘bollox!’ Love it!
Could not have said it better .. it is exactly that !!
How many of the Progressive Property's staff invest in property and are property millionaires?
Where are they based
How do you decide on the actual value of a property?
Comparables
You must know your area inside out
whats the document she was using to get the ROI numbers?
It wasn’t a document, it was hardware, a calculator to be precise
@@hidden1865 and where can I get this hardware/calculator?
You don’t need a calculator, it’s pure rubbish.
Great content. Very practical examples from both Katy & George. Good to see Squaddies adapting to Civie Street , I am wondering which Battalion was George in?
Hi, how do I get you to property source for me for BRRR
What you after?
The problem is that it seems like there are 10 people interested in every house.. We're first time buyers and have missed out twice after offering £20K+ over asking price
The only time I got below market value was buying my own house because I got it accepted above asking and there were higher offers but the agent could see I was going to complete with no issues.
BK，
do you mean you can complete it quick?
you cash buy?
Doesnt one always take out a loan?
“ I think you should come see me anyway” any funny business going on haha?
👍
Amazing insight from a clearly experienced and talented team. Really awakend me to more agressive sourcing.
My only worry is; would sticking with ONLY pre-qualified viewings potentially miss out on deals? Estate agents I've spoken to in this market are the most passive employees i've ever come across, I feel no drive from them to pitch and sell an offer to their vendors and all the non-monetary value that a quick completion can bring, instead its a quick no. I've always thought that face-to-face rapport building can heighten your odds of getting an offer over the line. Or is this not a factor?
Not a factor learn how to speak over the phone people but people before anything else
we don’t need to pitch anything as everything is selling straight away! Stop trying to get rich quick. If you watch her other videos she says how she bought properties 5 years ago and now they are worth lots more which is true, yet she will refinance at top dollar for hers, but offer low on everything else.
On this video she saying to offer low, when we are in the best market ever….? I know I will get hate on this but if…. ( it’s in a good area and a great investment, it will sell on the same day or same week for market price. The stuff they are pitching at is obviously overpriced so the £20,000 reduction will probably end up being market value anyway as some agents list at over market value. The market is booming. If it was this easy everyone would do it. They did say it’s a numbers game yes but ask yourself this, if you had a good property to sell…. WOULD YOU SELL IT BELOW MARKET VALUE? 99% of the time is no.
@@drivewithus2437 So according to your sorry-for-yourself rant. No one is making money from property😂
How much are the property courses
Hi Stuart, you can claim your complimentary ticket to one of Progressive’s property courses here
bit.ly/YT-MSOPI
Funny how out of all the comments, they only replied to your comment, asking how much the course is.
@@drivewithus2437 i agree with this i just noticed this😂
Is the lady in the video the ex soldiers mentor?
Surely what a property is worth, is what someone is willing to pay for it
Or what the valuation comes back at hence why you will see a lot of crazy offers going in for houses that sadly fall through and re-listed due to the buyer not getting the valuation they needed so always worth a shot if you have proof of funds you will get a call back some times when the seller wants it gone
Amazing video by the way. My only question is whether the houses you are offering are worth buying. If they are selling for cheaper in a hot market, will they be able to cash flow at all. Is the yield gonna be below 5%. If so, is there a point? Apologies, I am not as experienced as you guys.
Most of these type of properties are more ROCI targeted rather than yield certainly up where I am so most tend to not worry about yield as much.
@@steelcitydomains2356 all of the best properties won’t accept low offers as this is a fantasy world example. Would you sell your hot property, cheap and below market value in this amazing market? If it was that easy, everyone would call estate agents up 5 days a week 8 hours a day and offer £30,000 below market value and make millions in this market. No one is selling their properties cheap at the moment. It’s market value and that’s it.
@@drivewithus2437 I know that all too well certainly lately just overinflated advertised prices at the moment...and yield an old way of working out returns pointless for flips and alike
@@drivewithus2437 they will accept a sensible offer though as so many high offers are not even getting past the mortgage valuations so end up back on the market sadly so always worth a punt
Some great tips! Could you do a section on the initial capital needed to begin such a venture and different ways of generating that income as a beginner?
A grand should cover it less if you have a decent network on social media and alike too...finding properties is pretty easy it's the selling or rather finding investors that's harder
@@steelcitydomains2356 other way round mate finding investors is easy finding an owner willing to sell is the problem
@@omarilowe451 really ...wow I've usually 50 cracking potential deals shortlisted but need to get my networking stepped up and get to more events / networking events to find me some investors ...
@@steelcitydomains2356 il be honest if the deals are really that good you wouldn't have 50 of them. What exactly is a good deal to you?
@@omarilowe451 anything and everything from a vanilla BTL to small blocks...flips...brr ...c2r...allsorts aslong as it gets ideally all or most of the cash out size dependant then depending also on the exit strategy then they all work.. find them for fun mainly after seeing some piss poor stuff people stick up on SM channels as I do quite well in the day job and this as a bit of a hobby for now but need to transition across to it full time I think soon but just love the challenge and buzz of funding anything property too... Caves to castles I've quite a varied set of skills thats for sure
Be careful from estate agents who always use you as a viewing slot filler knowing full well the seller is not going to accept your offer. But its alll a game of give and take I suppose and eventually the right one will come along.
Gotta love this, George was just in awe by the end like yep, she’s nailed it again. Love it! Very impressive, good to see her training him up as well with some great advice on how to deal with his calls
theyll all come down , at 6% mortgages round the corner just keep your powder dry
The vast majority of EA’s will have KPI’s related to booking viewings. Qualified viewings’ is the biggest load of waffle I’ve ever heard in my life! I haven’t looked through your channel in detail, but I gather you’re trying to sell something.
Yes they sell property courses. Ridiculous video
You mention that it can be better to reach/speak to the vendor directly. How do you get passed the agents to do this?
What do you think the difference will be dodging the agent. The vendor instructs the agent to get the BEST price. So you knocking on the door offering £30,000 off the asking because this video told you to, won’t get you anywhere. It’s a fantasy.
Brilliant! Wifey material right there 😍
Not really.. pain in the ass long term. She is good for business not for wifey..
@@mrmadness69 you're 100% right mate, I dunno what came over me!
Seems to me they prefer women not men (all the estate agents seemed to me female)
Her thumbs up are so annoying 👍🏻 👍🏻
This is so basic I hope people dont pay for this sh#t.....
Well seeing as it's on a free TH-cam video I highly doubt it
A Karen and a prat doing business, yawn.