Show notes
Nick Claydon talks to Babs Elscome, who shares her journey into property investing and how she overcame challenges along the way. As someone who works in risk management, Babs initially struggled with the idea of investing in property. However, her desire for more time with her daughter and the tangible nature of property led her to take the leap. Babs discusses her first property deal, a block of flats in Morecambe, and how she has since expanded her portfolio through creative financing and finding angel investors. KEY TAKEAWAYS Babs initially had reservations about approaching family and friends for investment, but she learned to overcome this block by networking with professionals and building trust with potential investors. Babs demonstrated persistence in finding opportunities, such as writing a letter to a vendor and reaching out to potential investors on social media. This persistence led to successful deals and partnerships. You can never underestimate the importance of building relationships based on trust and likability. By establishing trust and rapport with potential investors, Barbara was able to secure funding for her projects. There is a need for ongoing learning and development in the property industry. Barbara sought out coaching and mentorship, which helped her expand her knowledge and skills, enabling her to tackle more complex projects and overcome obstacles. BEST MOMENTS "But yeah, I think it was a, I'd been a bit accidental landlord a few years before and sold at a loss and just kind of thought, yeah, I just didn't know what I was doing." "So yeah, I think it was just the training and Caroline and realising that I was in a pain point." "So, OK, so tell us a little bit about, you know, you came on some training and you got started. I know you got started straight away. You kind of got the spark, didn't you?" "So, um, yeah, I think, I think cause it was always still that, you know, tenancies and the properties that were already had in the background. And then, um, yeah, I think it was just, uh, yeah, I really enjoy property." 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.