Manage episode 246122014 series 2441077
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Romero talks us through his story, below:
- How to raise 570k in 12 months and 6 deals (excluding the bank). (500k from other investors alone)
- Having the right content to present to investors on why they should be a part of a bigger picture while also getting a return
- Scaling up due to wanting to help others achieve a return on their money and take property seriously
- Small portfolio of successful residential projects prior to taking the investment management service seriously so already had a track records simple refurbs done and achieved.
- Finally finding the solution to all money in all money out
- Finding a niche or gap to do a different type of project away from the norm to still achieve good numbers
- Latest Water Tower (iconic building in Newark, now to be 13 brand new apartments with tower remaining) Set to be filmed on bbc1 homes under the hammer.
- Business Management background and 1st class degree specialising in Marketing
- Corporate full time Jigsaw24 (Nottingham & london) until Feb 2017 doing Marketing
- 4 refurbs 2013 - 2016 around £22k refurb level (1 at £5k)
- Approached business partner in 2015 to start doing larger simple refurbs where needed input of e.g circa £70k as was only 22 at the time.
- Challenge is consistently being able to go again project after project while working full time. As you find yourself busy in a corporate job on a daily basis but also the fact a proportion of money has to be left in a deal. E.g if the inout was £70,000 then maybe only £45/£50k was refinanced. I was in a good paid job but not triple figures meaning it still took time for the money left in to be remade so I could go again.
- Scaling projects up from simple refurbs to heavy refurbs to developments
- CV being key when looking to delve into larger developments so don’t be scared to work for free (advice to newbies)
- Jumping into a rebuild as the first heavy refurb project
- Sustaining a full time Investment management company to replace corporate income