ukpropertyman

That's a wrap folks.

See you all in 2024.

Have a blinding Christmas 🎄 😀

Having been a Mechanical Engineer for 15 years everything I do must have a factor of safety.

So what is a Factor of safety? Essentially if a bridge will have 100 tonnes of traffic travelling over it the engineer will design the bridge to take 250 tonnes of traffic.

Surely this is a waste of money right?

💥Wrong!

What most people fail to consider when starting a business is the ➡️ “what happens if it goes wrong scenario”.

However, engineers are trained to ONLY focus on what happens WHEN it goes wrong 🤓

I have taken the same cautious approach with my property business and this is how we deliver consistent results. I work out the property returns by:

✅ Under estimating the end value
✅ Under estimating the rent
✅ Over estimating the refurb cost
✅ Over estimating the timelines

So by the time I actually commit to deploying funds, the business and the deal are protected.

By over estimating what can go wrong I am introducing a factor of safety into everything I do in my property investment deals, giving you certainty and security.

If you are interested in putting your savings to work me, please drop me a DM to arrange a call 📱 📞

In the past year, we flipped this property in – strategically acquiring, enhancing, and subsequently selling for a lucrative profit! 🏠💰

With the support of private financing, we transformed the property into a sound investment. 🤑

The investor reaped £4,800, all while maintaining a hands-off approach! 🙌

Now, with this £4,800 profit, the question arises, what could you do with that money? 💰 🚗 ✈️🌴 Your choice! DM for a chat 😃

Did you know that I pay interest to my private investors on my property projects? 🧐

They have to do ABSOLUTELY NOTHING apart from enjoy the interest payments and the rewards that it brings 😎🚗🛫🌏

No property knowledge required, no building experience required, we literally do ALL the heavy lifting 🏋️‍♂️

I have projects in 2024 that I am looking to onboard private investors. If you are interested in finding out how we can work together to create a win-win, please drop me a DM 😊

Have a great weekend 😃

🏴󠁧󠁢󠁳󠁣󠁴󠁿🏡 Let me share with you why Aberdeen has become my go-to destination for property investment! 🏡🏴󠁧󠁢󠁳󠁣󠁴󠁿

💼 Aberdeen boasts a flourishing economy driven by its prominent energy sector making it an appealing choice for stability and growth.

📈 Aberdeen is a city on the rise. Its commitment to continuous development and ambitious infrastructure projects signals a promising future. As an investor, being part of this growth story fills me with excitement and confidence in my investment decisions.

🏢 With prestigious universities and a buoyant job market, Aberdeen attracts a pool of potential tenants and buyers. This steady demand for housing further strengthens the investment potential of properties in the city.

If you're seeking a property investment opportunity, Aberdeen should be on your radar 🎯

Want to find out more about growing your savings pot, hands-off through property? Drop me a DM! 😃 z

You see House of Horrors 🏚️❌😱, I see opportunity 💰🙌💪🏻

Properties like this are my bread and butter. I look for unloved properties where I can the potential to add value by means of refurbishing, refiguring or adding extra rooms where possible.

These types of properties can often be unmortgageable and this is where working with private lenders literally pays dividends 😝

In return for an agreed loan amount, I offer high returns in exchange with the security of knowing that your money is increasing in value rather than sat gathering dust in the bank.

If you would like to help me bring properties back to life across Aberdeen, creating much needed good quality accommodation, drop me a DM 👉

Finally 🥳😅 Hallelujah 🙌 💫 The banner I ordered for the Aberdeen Business show has finally arrived (only two weeks late) 😅

So here’s my chance to pretend I’m at my stand doing my 30 second elevator pitch (want to get my money’s worth 🤣)….

Hi 👋 I’m Paul. I live and breathe property up in Aberdeen, Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿

I am passionate about creating genuine win-win relationships with my clients, private investors and suppliers 🙌

With savings rates literally earning most of us a few quid here and there, I can help provide certainty with fixed returns on my property projects 💪🏻

I have been working in property for several years and now have over 55 projects under my belt.

I have a fantastic power team around me to make sure we are dotting the i’s and crossing the t’s 🧐 and maximising time and returns on my properties.

If your savings are at a loose end, let’s have a chat to see what other options could really help grow your savings pot 🌱

DM me if you want to chat about private lending or are interested in my projects 😃

I was speaking to a potential private funder the other day and they asked me what exactly I had delivered to date to other funders.

I had to go and look up my spreadsheets but here it is in black and white (well actually blue and orange 🤣🤣)

What would YOU buy with profits like this?

😎All inclusive holiday?
🚗New car payments covered?
🏌️‍♀️New set of golf clubs?

And all from your profits - you don’t even have to spend your capital 👊🏻

NO BRAINER!!!

Give me a shout for your choice of the above 😀⭐

𝐂𝐨𝐧𝐟𝐥𝐢𝐜𝐭 𝐢𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 🤜🤛

Is this an area that intimidates you in business?

It doesn’t have to be! 😉

When you avoid conflict, you allow yourself to be taken advantage of because you aren’t having the difficult conversations.

Some simple changes below can make a big difference:

𝐅𝐫𝐚𝐦𝐢𝐧𝐠

Framing is so important when it comes to overcoming this area in business.

If you view it as a conflict your emotions are high and get pitched because you’re nervous - this will come across 😔

However if you reframe conflict as just basic communication, you come across more professionally. There is nothing wrong with saying politely that you’re not happy with a service they are providing 👊🏻

𝐁𝐞 𝐨𝐮𝐭𝐜𝐨𝐦𝐞 𝐟𝐨𝐜𝐮𝐬𝐞𝐝

Always be outcome focused.
What do you want to gain from the conversation? This helps you avoid going off on tangents or involved in a “he said/she said” type scenario.

𝐀𝐬𝐤 𝐃𝐢𝐫𝐞𝐜𝐭 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬

Asking direct questions tells you a lot about what is going on. If you ask a direct question and you receive a fluffy response, this is a red flag and someone you should reconsider working with 🤓

Conflict in business, can be difficult but it doesn’t have to be.

Putting yourself across clearly, politely and professionally with a clear outcome helps to avoid any prolonged issues or tension ☺️🙌
⁣⁣⁣

Did you know that I pay interest to my private investors on projects like this? 🧐

They have to do ABSOLUTELY NOTHING apart from enjoy the interest payments and the rewards that it brings 😎🚗🛫🌏

No property knowledge required, no building experience required, we literally do ALL the heavy lifting 🏋️‍♂️

I have projects in Q3/4 that I am looking to onboard private investors. If you are interested in finding out how we can work together to create a win-win, please drop me a DM 😊

Don’t you just hate paying fees when investing money? 🤬

No matter the performance, you still have to pay a percentage - doesn’t that just seem ridiculous when you think about it? 🤯

As a private lender 😇, the fee for investing your funds with me is the grand sum of:

👉➡️ £0

Not only that, you get your funds returned, with interest - no matter how a deal goes 🤓💰

It’s a no brainer really 🙌

Interested? Give me a message 📧
⁣⁣⁣⁣

𝑶𝒏𝒄𝒆 𝒚𝒐𝒖 𝒉𝒂𝒗𝒆 𝒚𝒐𝒖𝒓 𝒎𝒊𝒏𝒅𝒔𝒆𝒕 𝒇𝒊𝒙𝒆𝒅 𝒐𝒏 𝒕𝒉𝒆 𝒐𝒖𝒕𝒄𝒐𝒎𝒆, 𝒚𝒐𝒖’𝒍𝒍 𝒇𝒊𝒏𝒅 𝒂 𝒘𝒂𝒚 🚀

So how did I get into the motorsport industry? 🏎️

Well it’s simple really…

Perseverance 💥

I began my engineering career working in motorsport with a background of no experience whatsoever.

The industry is competitive with only the top performers allowed a foot in the door. So with that I sent out applications to work within the business - 𝟮𝟴𝟳 to be exact.

Why did I keep applying even when I wasn’t hearing back?

Perseverance 💥

Finally after job application 287, I was offered an unpaid work experience placement🥳

9 months of saving up working in a quarry provided me the opportunity to work for DJ Race cars. Based on a rural farm, I lived in a caravan and learned the ins and outs of the industry.

This unpaid placement is where I realised just how important not having a weak link in the team and the levels of perfection instilled in the industry were 🧐

I still apply this mindset daily whilst working within the competitive property industry - marginal gains and high standards really do make the difference 💪🏻

Keep your goal clear but your approach flexible. Growth is not linear, it’s a series of steps forwards, backwards & sometimes a couple of steps sideways 🎯

So when you find yourself defeated because, in this moment, you’re not where you want to be - now is the time to really dig deep, refocus and persevere 🙃 You’ve got this 👊🏻

What Rallying has taught me about being a property developer…🚗➡️🏠

One of the biggest lessons rallying has tought me which helps me in my property business is…

⭐ ALWAYS EXPECT THINGS TO GO WRONG ⭐

Apart from calling pacenotes, guiding the driver between the stages and timekeeping - I've been most valuable in a rally car as a co-driver when something goes wrong and I've got it covered.

✅ someone left the intercom on over night - I've got 2 x spare 9v batteries in my bag

✅ low sun on a stage - I've got strips of duck tape on my clip board to extend the drivers sun strip

✅ the bonnet pin fails and the bonnet flys open - I've got tie wraps

I could go on.....

I've taken this approach into business and while I'm an optimist and know everything will workout in the end, I prepare for the worst so when things do go wrong, I've got it covered.

No surprises, no high emotions, no tears.. “we’ll just revert to plan B then”
⭐EXPECT THE BEST AND PREPARE FOR THE WORST ⭐

Some tips I have learned from operating student HMOs 🧐

⭐ I pay the utility bills so regulating the heating is very important. I used to use Nest and Hive systems which were not for me, so changed to unit's 👍🔥

⭐ Cleaning Frequency - I used to have cleaners come in x2 /m. This means we have eyes in the property and incentivises the students to keep the 🏠 in good order if they know someone is coming in.

I then reduced this to 1x/m to save costs and the students actually depend on the cleaner to do their dishes every 2 weeks which takes from the cleaners actual duties 😖🧽🍽️

⭐Desk Footprints 🤬 - The students bless them, sit rubbing their shoes on the walls as they sit at their room study desks scuffing the wall. This can easily be resolved and cleaned by purchasing desks with a back panel 👍

⭐Windows and Weeds 🪟🌾At the end of each academic year, I get the weeds sprayed and the windows cleaned. It helps a lot with the kerb appeal for the incoming tenants 😎

What end of Tenancy maintenance do you do?

Comment below ⏬📩

🤓Work Smart NOT Hard!! 💪🏻

A university maths lecturer gave me a fantastic lesson in working smart not hard!

Maths was never my strong point in school and in my first year of university I was struggling. I approached my Maths lecturer in frustration and her response changed my life forever.

“Stop trying to learn everything and just focus on what YOU CAN DO”

✅ There are 5 questions in the exam - forget trying to learn 5 totally different topics that's too difficult

✅ Pick your 2 best Maths topics - that's 40% which will get you a pass

✅ Now if you focus on your next strongest topic. Even getting half of it right in the exam gets you up to 50/60%

✅ Anything else is a bonus

✅ Pay attention when I'm covering your 1, 2 and 3 topics and ask as many questions as you like

✅ When I'm covering the topics you know you definitely CANNOT DO - stick in some headphones and just do exam questions for your strong topics

She was a fantastic teacher. I went from heading towards failing to getting 85%
The lesson is -> stop trying to excel at everything and double down on your strengths. It will get you much further 💪

Everyone f*ucks up in business
😳🙈🤯

No one ever made an omelette without breaking some eggs 🥚🍳

I'm all about acknowledging my mistakes and learning from them. No business is all sunshine and Rose's and a is no different.

One of the biggest mistakes I made early in the business was not getting the right accountants in place 🤓

I didn't have the experience to properly select the best person / company for the job.

This ended up being an expensive lesson because the advice was cheap
💰💷💰💷🤑

It took me 3 attempts to find the right accountancy solution but I had to kiss a few frog's to appreciate an awesome accountant when they showed up.

Everyone in property talks about finding a good builder 👷‍♀️ 🏗🚧 Try running a with a crap accountant 👎 you will pay the price down the line. 😖

Providing certainty and security for our investors is a huge focus for us
💰💷🎯💷💰

One of the big drivers behind all our business decisions and and asset aquisitsition is keeping our investors money safe.

Being a Mechanical Design Engineer for 15 years means I have a very formula driven approach to business…

✅ - we buy it
❌ - we don't buy it

There's no maybe!

Purchasing a 🏚 starts with the fully refurbished value - 25% and reverse engineered from there.

A BTL mortgage will give us 75% of the value which means we have 25% of difference

This ensures investors 💰💰 is always protected by the equity in the 🏠

Drop me a DM if you want to know more 😊

Are you looking for a regular passive income? Interested in property but don't want the involvement? We can help make your savings give you a regular income with an interest beating 6-8% return.

You can be involved in our projects hands off for 1, 3 or 5 year terms.
Interested?

Call Paul Cummins on 07724 623187 or visit our website www.lovelifeproperties.co.uk to look at some of our recent projects and returns they generated for our private lenders 😃

Gardens and chimneys like to chew up money!!!

Gardens are a very underestimated item when estimating the cost of a refurb 🌳

Landscaping almost always costs more than people realise. The manpower to "trim" 2m high grass alone can be hundreds of pounds alone 💰💰💰

I try to make all my garden's as maintenance free as possible as not every tenant wants to do gardening 👩‍🌾

Chimneys are another item that if it were viable I would remove from all my 🏘

They attract water ingress, cold, birds nests and the mice birds drop down
🙄🐦💩

Even with venting properly and cowling there can still be issues.

What's the thorn in your side of BTL properties? Comment below ⬇️ 👇🏼

Loan to Value (LTV) goes hand in hand with Debt…👇🏽

It’s rare you will ever get a loan for the full value of a property 🏡 as lenders need to know that the funds will be repaid 🧐

They need an element of security behind them by having yourself (the borrower) with some skin in the game too (aka a deposit). 🤝

This is where LTV comes in. 👈🏽

If you are buying a property worth £100,000 they generally will give you up to £75,000 of the value and you will be required to pay £25,000.

A borrower having £25,000 invested gives banks the security that you will take more conscientious steps to ensure the money is invested correctly.

Again, this is an example of good debt, however, it’s important to be mindful of what your leverage is across your whole portfolio as the market will change dependent on where we are in the property cycle 🏡🔄

Love Life Properties ensures the leverage across the business portfolio is balanced ⚖️ in a way to provide you with the certainty and security you look for as an Investor.

Want to find out more? Send me a DM 😀


⁣⁣⁣⁣⁣⁣

Becoming a Private Investor has many benefits but here are 4 that instantly spring to mind:

🔒Certainty & Security on your return:

I ensure the deals I source are ones with a great return on investment.

Not only this, I have multiple methods in which I protect your funds (check out one of my earlier posts for how I do this).

📈 Stay ahead of Inflation:

Stop your money from eroding in the bank. With inflation doing nothing for your money but eat away at it, take it out the bank and invest it with me.

I will have your money working harder giving you a return you won’t be getting from the banks.

🙌 Hands of Approach:

As an investor there’s no input required (aside from the initial funds). I do all the leg work and update you as little or as often as you would like.

🎯 Meet your Financial Goals:

Are you saving up for something? Becoming a private investor means you can make great returns on your investment year on year. Make that extra few grand a year and meet those financial goals you’ve been trying to hit.

Just give me a message to find out more and let’s chat! 😃

Failure is where all the juicy learning is 👀

Schools teach us failure is a negitive thing 🖕

In business and life in general we only learn when things don't go to plan 💯

In university I failed and had to resit my car suspension design class. I had a sumer placement with a rally car manufacturer and when the owner found out he gave me a summer project to design the new suspension design for the upcoming model of car.

At the end of the summer after a lot of work and studying suspension design became my strongest subject.

I've made plenty of mistakes along the way and learned from them all.

The trick is to not make any too great that wipe you out.

Love the failures
❤️❤️❤️
They make you
⭐️ bigher
⭐️ better
⭐️ stronger

We have all been there 😖 Your first ever project 🏠 and all you want to do is make sure your client is pleased with the work you are doing with their funds…💰

Unfortunately, this is where challenging clients can blur the lines between roles and responsibilities of who is in the driving seat of the decisions 🧐🏎️

For me, this is exactly what happened…

We both wanted the same thing - a successful project 🤩 However, when budgets are blown by unaccounted costs, and decisions made without proper consultation, the chances of success are slim to none 😩

Ever since this refurbishment, I have created robust processes to ensure these mistakes do not happen again 💪🏻

I now have a success rate I am proud of. My engineering mindset to risk prevents me from putting myself in the same position again - every penny is accounted for before work begins and this keeps everybody on the same page 🤓😃

Instagram is often smoke and mirrors - especially as a business owner. It can be easy to only publicly celebrate our success, but oftentimes it is just as important to show we are learning, evolving and improving at every opportunity 🎓

I provide the certainty and security with every project and investment - so message me to find out what I can do for you. 📧

What has been your biggest lesson in business?

Being a landlord gives you passive income right....?

😡🤬😠🤬

A lot of people think if you have money in the bank, a good thing to do is buy a property to rent out 🏡🔑

But they completely forget about maintenance 🔨compliance certificates 🧐, damage 😖 agency fees 💰etc.

A lot of courses 🎓 sell being a landlord as being passive when it couldn't be further from the truth 🤷‍♂️

Being a private investor is very simple, the only person who is getting truly passive income in my business is the investor because they make their money without having to do any work 🙌🙌

What would you rather be? a landlord or an investor?
⠀
P.S Pictures of me cleaning out pigeon p**p from some gutters- very passive indeed! 🐦‍⬛💩