The Power Of TTP (Talking To People)

Episode SummaryThis week's episode dives deep into the value of human interaction in property investing. Nick and Rick discuss how engaging in face-to-face meetings, building a local network of contractors, and talking to people in new investment areas can uncover significant opportunities that online listings might miss. Rick shares personal anecdotes highlighting the success that comes from consistently putting oneself out there and making connections, such as discovering a landlord with a large property portfolio through direct conversation.The episode also touches on the significance of overcoming impostor syndrome in the industry. Both speakers advocate for taking small, proactive steps to build confidence and expertise. The hosts invite listeners to participate by sending in questions for future Q&A sessions, aiming to create an interactive and engaging community focussed on property investment.Key TakeawaysEngage in Networking: Property investing isn't just about scouring online listings like Rightmove. It's about visiting locations, talking to people, and building a local network of contractors and service providers.Build a Database of Contacts: Dedicate trips to investment areas to meet local subcontractors, such as roofers and builders. Referrals and face-to-face interactions are invaluable in this business.Value of Human Interaction: Relying solely on online information might lead to missed opportunities. Real-life stories underline that talking to people can unearth hidden investment opportunities.Hard Work Over Luck: Opportunities in property investing come more from consistent effort and networking rather than luck.Best Moments[00:05:12] - Nick's personal experience: Discovering a landlord with a property portfolio through in-person networking rather than online listings.[00:15:43] - Rick's Strategy for Finding a Good Builder: Engaging with builders in investment areas and getting referrals from letting agents.[00:27:30] - Buying a portfolio in a pub: Rick shares a story of buying property after a chance conversation in a pub[00:35:05] - Remind people of what you do: Continuously talk to people about your involvement in property investing to generate leads and opportunities.[00:41:22] - Inviting Listener Participation: Nick invites listeners to send in questions to the podcast via the contact form or voice note on the website.Do you have questions about property investing? Don’t miss your chance to get them answered in upcoming Q&A sessions! Submit your questions via voice note or the contact form on our website thispropertylife.co.uk. Make sure to follow Caroline on Instagram at carolineclaydon.property for more insights and updates.Stay updated with This Property Life Podcast by subscribing on your favorite podcast platform. Follow us on social media for the latest episodes, behind-the-scenes content, and more tips on making the most out of your property investments. Twitter: @ThisPropertyLifeInstagram: @thispropertylife_podcastFacebook: This Property Life PodcastYou can join Caroline, Nick, Rick and Sarah along with the rest of our team and a community of like-minded investors in the Property Wealth System Facebook Community https://www.facebook.com/groups/propertywealthcommunity Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

Welcome to This Property Life podcast.In this one-of-a-kind podcast we tell the stories of ordinary people doing extraordinary things in the world of property investment. No gurus. No big egos. Just life-changing success achieved by real people just like you. Our weekly interviews give you a rare and unique insight into the lives of successful property investors who share their wins, their challenges and their top tips to help you in your own property investment journey. Look out for our special edition Panel Shows in which a group of experienced investors get together to take a deep-dive into a specific property topic with invaluable, real-life advice from a guest panellist with a proven track record in that area. This Property Life is brought to you by Property Wealth System. We are a collective of active investors and we are passionate about helping you to achieve financial security for yourself and your family through safe and sensible investments in property.  Hosted on Acast. See acast.com/privacy for more information.