Simon is joined by Suzi Carter, a chartered surveyor with over 30 years of experience in commercial property. Suzi shares her transition from the corporate world to becoming a successful residential and commercial investor after joining a Mastermind program. The conversation delves into the differences between commercial and residential property investing, highlighting the unique advantages of commercial real estate, such as longer leases and the ability to add value through creative strategies.
KEY TAKEAWAYS
- Many individuals with a corporate background may struggle to adapt to the entrepreneurial mindset required for property investment. Gaining the right mindset and knowledge is crucial for success in this field.
- Commercial properties are valued based on their income potential, using a multiplier on the rent. This allows investors to add value through strategic actions, such as securing tenants or extending leases, rather than relying solely on extensive refurbishments.
- The commercial property market is heavily influenced by supply and demand. Identifying areas with high demand and limited supply can lead to better investment opportunities, even in sectors that may seem less favourable, like retail.
- When investing in commercial property, it's essential to consider various exit strategies. This includes potential conversions to residential use or splitting properties into smaller units, which can enhance value and reduce risk.
- A significant portion of commercial property deals occur off-market, making it vital to build relationships with commercial agents. Additionally, using pension funds, such as a SAS, can provide tax advantages and facilitate property purchases.
BEST MOMENTS
"I don't think there's anything in any shape or form in the corporate world that prepares you for being an entrepreneur."
"The skill in terms of knowing what kind of property to buy, where to buy it and what to do with it is kind of where the magic lies, really."
"The biggest tip I can give people is that the commercial market more than really any market is about supply and demand."
"If you're using a bit of knowledge and a bit of expertise, you can actually add massive value without spending a lot of money sometimes."
"Start with the end in mind, so work out where you want to get to and why you want to get there."
VALUABLE RESOURCES
To learn more from Suzi Carter about commercial property on the Virtual Property Exhibition. Register here: https://www.virtualpropertyexhibition.co.uk/
To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).
Contact and follow Simon here:
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Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.
Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.
Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.
Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.
Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.
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