Sarah Blaney interviews Ken Riley, a property investor based in York, who shares his journey in property investing, starting from his initial property purchase in 2007 to his decision to pursue property investing seriously three years ago. He discusses the challenges he faced, including the shiny penny syndrome and the importance of focusing on a specific strategy and area. Ken also emphasises the importance of honesty, being true to oneself, and building strong relationships with investors and tenants. KEY TAKEAWAYS Focus on consistency and mastering a few key strategies rather than trying to do everything mediocrely. This will lead to better results and success in the long run. Be honest and transparent in your dealings with others, whether it's investors, tenants, or business partners. Building trust and maintaining integrity is crucial in the property investing business. Be yourself and play to your strengths. Trying to be someone you're not or taking on tasks that you're not good at will only lead to frustration and inefficiency. Focus on what you excel at and find ways to leverage your strengths. Leverage other people's money and explore different funding options. Don't be afraid to take on investors or seek out creative financing solutions to fund your property investments. This can help you scale your business and achieve your financial goals faster. BEST MOMENTS "I was a property investor. I thought I knew it all back then because I had the one property, right?" "I just focused on one thing, which was buy-to-lets in my home area. And then once I'd done a couple of them, I started looking at HMOs." "I just think you just gotta be fair. Some of these people, you know, just treated unfairly from a lot of rogue landlords. And I just don't want to be known as one of those." "I think, you know, if you're just getting started, look at the strengths you have, write all the things you want to achieve down and then manipulate them." VALUABLE RESOURCES This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591 Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem To enter the competition, make sure you follow or subscribe to the podcast and leave a review, LIKE the Property Wealth System page on Facebook (SEE LINK BELOW), and then TAG 3 friends on the competition post you'll find there! ABOUT THE SHOW This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property. Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor. Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel. She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based. Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. James D’Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO’s and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey. CONTACT METHOD You can join Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community: https://www.facebook.com/groups/propertywealthcommunity Caroline Email: [email protected] Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/ James Email: [email protected] James Linkedin: https://www.linkedin.com/in/james-d-souza-552342104/ Hosted on Acast. See acast.com/privacy for more information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related