property investors network Podcast
Join us as we dive deep into insightful conversations, expert interviews, and market trends, all designed to empower both seasoned property investors and those taking their first steps into the exciting realm of property investment.
Whether you're looking to maximise your returns, uncover hidden opportunities, or simply stay ahead of the curve, this podcast is your compass to success in the property investment landscape. Fresh episodes are made available every week on Mondays and Thursdays.
property investors network Podcast
Deal Sourcing Property Done Right: How to Stay Compliant and Succeed
Mark Fitzgerald outlines the key steps to becoming a compliant deal sourcer. He advises setting up a limited company for credibility, registering with HMRC, a property redress scheme, and ICO for data protection, and securing professional indemnity and public liability insurance. Anti-money laundering compliance and legally binding contracts, such as heads of terms and purchase options, are also essential.
He stresses the importance of clear terms and conditions to protect all parties and warns against simply listing online deals without proper due diligence. Instead, deal sourcers should focus on understanding investor needs, managing the process effectively, and maintaining strong relationships with vendors and agents.
For a quicker start, Mark suggests joining compliance platforms like The Compliance Vault or Site Finder. Done correctly, deal sourcing can be a lucrative business, but professionalism and full compliance are crucial.
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