In this episode, Sean is diving deep into the world of property investment with Jason Patterson, a seasoned investor with over 20 years of experience. Jason shares his journey from buying his first one-bedroom flat in Enfield for £70,000 while working at Sainsbury's to building a substantial portfolio of flats, focusing on properties with short leases. He discusses the challenges he faced during the 2008 financial crisis, his innovative financing strategies, and the importance of adding value to properties through lease extensions and refurbishments.

KEY TAKEAWAYS

• Success in property investment often stems from hard work and the ability to create multiple streams of income. The journey began with working long hours in a job while simultaneously investing in property.

• A key strategy for successful property investment is finding opportunities to add value, such as purchasing flats with short leases, refurbishing them, or extending leases. This approach allows for cash extraction and reinvestment into new properties.

• Knowledge of leasehold properties and the implications of lease lengths is crucial. Properties with leases below 80 years can incur higher costs for lease extensions, making it essential to manage lease lengths effectively.

• The property market is subject to fluctuations, and investors must adapt to changing conditions, such as interest rate hikes and new regulations. Staying informed about market trends and government policies can help identify new opportunities.

• Building strong relationships with local agents and other property professionals can lead to exclusive opportunities and insights. Long-term connections in the industry can provide access to deals before they hit the open market.

BEST MOMENTS

"You can't just buy something and rent it out. That'll take you ages just to get the cash together on your rentals and then go again. You need something where you can add value."

"Every time I sell a house, and I see a chain with a flat, it just kills me every single time because it's always in the bottom of the chain."

"I had my teaching income, I had my Sainsbury's income, started doing maths private tuition, my capital appreciation from the previous flat, and then I also had a rental income as well."

"You don't see Alan Sugar retiring or Oprah Winfrey. So I kept on going, kept on going."

ABOUT THE HOST

Sean Branton is a multiple business owner, DJ, and producer with a passion for music, business, and all things life.

This podcast is a chance to get Behind The Minds of successful but also hungry individuals on the way up and

through their journey of life, there will be loads of life lessons and learns throughout.

It's not what we have, it's what we have overcome that makes us who we are. BTM podcast will go deep and rest

assured it will be meaningful as well as valuable.

https://www.facebook.com/seanbrantonmusic/