#011: Your Investment Area Part 2

The Property Nomads Podcast

Welcome to Part 2: Finding your Investment Area.

This dynamic podcast is a must for anyone considering how to make the most informed and final area choice, to experience success in property investment. We all want to ensure we’ve chosen the best investment area and in today’s episode, Rob and Matt take us through the six fundamental steps that can be used to guarantee the best area selection for your property investments.

Although the steps can be followed from behind your desktop, there’s a huge advantage in getting out there and visiting your potential investment areas in person. If you’ve listened to part 1 of this property strategy mini-series and want to fast-track your property portfolio and begin investing right away, this episode is for you.

To gain the most from this podcast it is beneficial to listen to part one

https://omny.fm/shows/the-property-nomads/010-the-magic-f-word-your-investment-area-part-1

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KEY TAKEAWAYS

The six vital keys to selecting your investment area

1. Talk to local letting agents and estate agents

Visiting several agents, seeking those who are independent and specialise in either letting or sales is a brilliant first step to finding out about various areas within a location.

1. Seek out the local area plan

Locating the council website and scrutinising the local area plan provides lots of beneficial information about what has happened and what is proposed for an area.

1. Sign up for an investor day

Researching a local investor and utilising their local knowledge and expertise accelerates your success.

1. Study the local newspaper

The local paper will give you a really good feel about what’s going on. It could be about good initiatives taking place or what sort of offences take place. It helps to provide a comprehensive picture of the area.

1. Make sure to drive around the area

Driving around the area, more than once, across different times of the day and night ensures you will get a complete understanding of an area and how it is used through all times of day.

1. Talk to the locals

Finding the time to walk around an area is invaluable, talking to locals can be hugely beneficial in different ways. The locals are your eyes and ears on the ground. Taking the time to strike up a conversation can reap huge rewards.

1. The Bonus Point !

Your gut instinct is important and should be followed. Believing in your ‘feeling’ about an area is vital and shouldn’t be ignored.

BEST MOMENTS

“Be there on the ground, experiencing it for yourself will help iron out any issues moving forward”

“You get a good feeling about whats going on in an area”

“Leveraging other people’s knowledge, other people’s experience on the ground of the area you want to choose is going to catapult you forward”

“Don’t be afraid to strike up a conversation”

ABOUT THE HOSTS

Rob Smallbone and Matt McSherry, the hosts of The Property Nomads Podcast, are on a global mission to guide your success. Success can happen in many ways, shapes and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?

Rob & Matt are just two guys who want to make a huge difference to people around the world. They are here to guide your success in property, business and life and to inspire you to achieve your goals, dreams and visions. They’ve travelled, explored, and invested. And they’re not planning on stopping these activities anytime soon. Buckle up, sit tight and enjoy the ride that is life.

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