The Property Vault Podcast - 058 - The Hare & the Tortoise with Helen Chorley
In this podcast episode, host Amy Rowlinson talks with Professional Property Investor and Consultant, Helen Chorley, about property investing due diligence. Helen focuses her effort in this area in an attempt to stop people from losing their money, slowing them down recommending they act more like the Tortoise than the Hare! Sharing her investing principles, Helen advocates that you should spread your risk and seek to look at the level of security involved within each deal diversifying by amount, developer and geography. Keep asking questions especially when you are venturing into a new territory. For Helen, there is no such thing as a stupid question! Helen shares how health challenges forced her to leave the banking industry and how after the process of a full reevaluation of what was important to her, she took herself down a whole new path. Following experts such as Dr John Demartini and Joe Dispenza, Helen focused on her personal development, diet and now starts each day practicing meditation for an hour grounding her and engaging both sides of the brain to help her to make better holistic decisions. Capital preservation is what is most important to Helen at the moment and Helen asks you to think about what is important to you? What are you trying to achieve? What safeguards do you have in place to ensure your money is coming back to you? When investing in property, Helen believes that sometimes you are making decisions based on probabilities with asymmetric information and yet you need to decide whether to invest or not in a timely manner. Helen recommends reading Thinking in Bets and Amy recommends Factfulness, as together they will provoke thought, encourage you to be a little more cynical, prompt you to keep asking those fact-finding questions and to always thoroughly check the legal structures. Also in this podcast, Helen and Amy discuss the benefits of CGI, marketing and support networks. Helen also shares her interest in PropTech and what is next on her investing agenda horizon. BOOKS RECOMMENDED Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts – Annie Duke Factfulness – Hans Rosling The Universe Has Your Back – Gabrielle Bernstein ABOUT HELEN CHORLEY Helen is a well recognised and highly respected name in the real estate investment community, and her opinion is highly sought after from both developers and fellow investors. She has been involved in finance and investment for over 20 years, and the combined experiences gained on the trading floor of JP Morgan and running her own real estate investment portfolio has given her a deep understanding of the financials behind the deals she invests in. She is meticulous in deal due diligence, the results of which can be seen in her consistent track record of selecting profitable deals. Her current portfolio of investment projects have a combined GDV of over £55m. Helen is a regular speaker at events on crowdfunding, due diligence and investing. She holds an MA in Politics, Philosophy and Economics from Oxford University. ABOUT THE HOSTS ABOUT DAN HULBERT Dan Hulbert is a property professional and strategic build partner to property investors with 17 years’ practitioner experience having started on the tools and then built his own portfolio. A builder’s knowledge combined with an investor’s mindset, Dan currently works with clients who seek professional advice within the areas of property and construction as a Build Consultant and Project Mentor. CONNECT WITH DAN HULBERT Dan Hulbert Instagram - https://www.instagram.com/dan_hulbert/ Dan Hulbert Facebook Page - https://www.facebook.com/OfficialDanHulbert/ Dan Hulbert LinkedIn - https://www.linkedin.com/in/danielhulbert/ Dan Hulbert - www.danhulbert.com ABOUT AMY ROWLINSON Amy Rowlinson has 14 years’ residential landlord experience and has built a portfolio of HMOs in the south. As well as continuing to build her property portfolio, Amy is a Coach and Mentor working with clients empowering them to discover the life they dream of by assisting them to make it their reality through their own action taking. CONNECT WITH AMY ROWLINSON Book a Free 20-min Coaching Call with Amy - https://calendly.com/amyrowlinson/enquirycall Focus on WHY Podcast - https://bit.ly/focusonwhy Focus on WHY Instagram - https://www.instagram.com/focusonwhy/ Amy Rowlinson Instagram - https://www.instagram.com/amy.rowlinson/ Amy Rowlinson Facebook Page - https://www.facebook.com/RowlinsonAmy/ Focus on Why Facebook Page - https://www.facebook.com/focusonwhy/ Focus on Why Facebook Group - https://www.facebook.com/groups/focusonwhy/ Amy Rowlinson LinkedIn - linkedin.com/in/amyrowlinson HOSTED BY: Dan Hulbert & Amy Rowlinson Disclaimer The views, thoughts and opinions expressed in this podcast belong solely to the hosts and guest speakers. Please conduct your own due diligence before investing in property.