Not sure what it is greed or simply naivety? We met with an offshore investor who flew in to see our ready made HMOs to purchase. He was very forthright and simply stated he wanted to do it himself. My colleague laughed as his commute was a plane ride of over 12 hours. I later followed up with a Whatsup…

Hi XXXX….We met 4 years ago…started 1 small deal and grew from there…We live in Lisbon. We built up with XXXX over time. He told me about your meeting. It would be very nice ( unrealistic) that we could do everything ourselves remote control in order to make more money. There are countless issues daily and No one is going to be there to take care of them unless they have a valid stake in the profit. There are countless stories of people who think they can find a sourcer….or a builder and run a project smoothly yet they fail and have huge problems.. I can tell you hands down…every day there are issues…. We are in the same situation as you….Only people with a vested interest in mutual success can ensure success. This is why we sell ready made…cash flowing assets……Appreciate you taking the time to meet XXXXX..

 

We have seen so many investors try to do it alone and trust builders and sourcers only to be left empty handed & starting lawsuits long distance. We ourselves tried to work with several property investors in the context of a JV. We were promised the world and nothing. Communication was non existent…However we are currently with 2 sets of property partners….One gentleman we have done close to 50 property projects and professional HMOs. The other group we have done one Professional HMO which was refurbished in a timely fashion to a nice standard & tenanted in short order. From this relationship we started investing with the builder who did the professional HMO. He purchased a building for his offices and 3 flats. This is a great deal for him and us. Plus the young gentleman who started the whole relationship is in the process of buying a building & making 3 flats. Again we are investing alongside him and looking to grow.

Our simple insight after almost 24 years in property….there is enough cake for everyone to enjoy…Greedy people do not succeed….