IMPORTANT QUESTION for property investors who STILL haven’t been able to grow their property portfolio by at least 1 property per year.
What’s the ONLY difference between building a successful and profitable property portfolio by 1 property per year…
…and one that fizzles out at 1 or 2 that barely covers the mortgage?
If you guessed “buying below market properties” you’d be wrong
If you guessed “how much cash you’ve got for deposits” you’d still be wrong
And if you guessed….
… how many JV partners you’ve locked down.
… finding a legit property sourcer to bring you deals on tap.
… or how many network events, Facebook groups, or estate agents you’re connected with…
You’d still be oh-so-terribly wrong!
Cause here’s the deal.
THE MILLION DOLLAR
QUESTION
(And why I still cringe when I hear it)
…and you’ve probably been asked this dozens of times.
Maybe even a hundred.
By property investors, work colleagues, networking groups and interested extended family.
They ask it with the best of intentions.
But even still, this question can land like a kick to the crutch to a property investors fragile psyche.
Especially when you’re already doing everything you can to gain traction, yet unsure how many knocks you can take before it stalls and you fall back into the world you want to leave behind.
So What’s The Question?
How Many Properties
Do You Own?
UGH.
Still makes me want to blend into the background noise and escape into the crowd.
And maybe you can relate.
Because in my mind, this question can cause you to feel like you’re not making progress. Even that you’re failing.
You’re stuck at one, or maybe still trying to get onto the BTL ladder.
You’ve read all the books on property investing, watched hundreds of YouTube videos and scrolled through Rightmove to the point that your index finger can no longer bend.
And it’s NOT because those books and videos are wrong or ineffective.
It’s just that they’re…
Incomplete.
Let me know if this sounds familiar.
It’s early morning, it’s drizzling, you’re about to board your train for the long commute to work. You open Rightmove on your phone and scan through the saved list of properties you viewed at the weekend. You can still smell the mould and damp in the air as you look again at the pictures. Suddenly a Gmail notification pops up, you recognise the sender. You hold your breath as you tap it. It’s from the agent you met last week, you scan it and see…
… your offer’s been rejected!
You sink back into your seat and stare out the window – hedge rows blur as you ask yourself “is this ever going to happen?”
You’ve spent the last few months trawling through Rightmove, picking through auction catalogues and calling brokers. You’re overwhelmed by the number of properties you see and unsure if you’re missing a deal because you just don’t know what you don’t know…
…You know people are finding success with property, but you’re having real difficulty making the numbers work, finding that your offers are often perceived as low-ball, and a struggle to be taken seriously!
You look at the property numbers on the only BTL you own, and you wish you’d known better, it’s been difficult to rent, doesn’t attract the ideal tenants and it barely cash flows…
… and to make matters worse the service charge keeps going up year after year and now they’re introducing a sinking fund!
And as “buy a brrr property” headlines your quarterly goals list for the 8th straight time, even YOU, the eternal-freakin-optimist, are starting to doubt it will ever actually happen.
That you’ll get to grab a juicy piece of this whole “freedom” thing the internet’s been going ape sh*t over, ever since you signed up for a Facebook account.
And that you could actually be the calm, assured and successful owner of a scaling profitable property portfolio – instead of constantly being air-dropped into a property battlefield filled with contradictory advice, shiny objects set to stun, and more aggro than squeezing into the tube at rush hour next to the guy who’s munchin’ on his egg McMuffin!
With All That Delayed Gratification, Intense Effort and Commitment, Isn’t it Time You Actually Started Receiving Some Payoff?
With the amount of self-sacrifice, time and effort and bullish commitment you’ve invested in building up your cash reserves, growing your knowledge and establishing your network you DESERVE the payoff.
You deserve to know EXACTLY how to fully leverage your time, energy and money – waking up each morning with a crystal clear idea of what’s needed to amplify your results and to hear the ‘ding’ as the latest rental payment hits your bank account.
You deserve to actually feel like the real deal, a strategic property investor and owner of a scalable and profitable property business that you can be proud of.
The “offer rejected” email and “no shows” from trades should be replaced with clink-worthy wins, celebrating the predictable, trackable, exponential growth that your property business generates EVERY SINGLE DAY instead of a perpetual seeker – jumping from one strategy to the next hoping “this will be the one.”
The 4 Reasons You’re Still Stuck With a Chronic Case of
“Portfolio Envy”
(and how to snap out of it right now)
REASON #1: You’re Overwhelmed and Distracted By All the Tactics & Strategies
Let me guess:
You started this whole property investing thing with a full calendar of networking events and a full tank of motivation.
But 39 events and a collection of random Facebook friends later…
And you’re still right where you started.
You got lost in “all the things”…all at once.
… What area is better for cash flow and can I afford to buy there?
…What kind of property should I buy?
How do I know if the property “works” for a refurbishment? Will it make a profit? Does it matter how far away it is? Should I buy with a mortgage? What if the trades are unreliable? What about the refinance?
Should I buy at auction? What about a survey? Damp? Subsidence? Tenant Demand, Flooding?
Ugh. As I said
All. The. Things.
And they all have their place.
But it’s in knowing the right sequence and interdependencies these activities must be executed upon – and how to tackle them with complete confidence that allows you to find, buy, refurbish, refinance, rent and grow your property business every single day.
What you need:
Confidence to double down on a super clear “first do this, then do that” buy, refurb, refinance and rent property investing strategy that gives you visible momentum and unwavering motivation to keep stacking up the property wins.
Reason #2: You’re a Rightmove Junkie
It’s now become a habit…
…scrolling on Rightmove has become your go to way to pass time – morning, noon and night.
You hate to admit it, but it’s become an addition. You avoid looking at your screen time stats as it’s insane, you know there has to be a better way...
But you feel that if you can just find “that property.” All the rest will fall into place.
You know you need to start somewhere and feel Rightmove has to be the starting point. But as you struggled to gain traction with your area selection, property type, the distance to travel, finances, these dilemmas keep coming back to haunt you.
You’re spending so much time and energy, but feel you’re making no progress…
And no idea how to tie together all the decisions.
What you need:
To leverage a small but powerful stack of cost-free software tools -- and to allow yourself to be meticulously guided in their most effective implementations, enabling you to break poor habits and to focus on getting the fundamentals in place so you gain confidence in your decision making and bring momentum.
Reason #3: Waiting for the Right Moment To Buy
I get it.
The property market is always changing. Everyone’s got an opinion. Every dinner party and BBQ you attend, you end up talking about property. Is now the right time to buy or not…
In the back of your mind, you know that property prices have been rising since the start of time.
If only you’d bought a house when you were 20, it would have been worth loads by now!!
Thing is, you know, now, is always the best time to buy! You know that if you buy positive cash flow property, it doesn’t matter what the market does. The rent will still come flooding into your bank account every month!
The thing is …you’re afraid of making a mistake. Buying in the wrong area, one that no one will want to rent, one that costs more to refurb than you planned, the dud of all duds.
What you need:
A consistent way to conduct targeted property research and due diligence, that will bring confidence in your numbers and simplify your decision making.
Reason #4: You’re a knowledge collector
We’ve all been there.
Knowledge is power. And you want to get as much information as possible before you make your moves. You’re worried about what you don’t know and how to overcome it to the point that you attend every free BRRR strategy webinar you can, accumulate all the free workbooks, guides and how to’s on property investing from those never ending Facebook ads that fill your news feed every day.
You’ve consumed all the property videos on YouTube -- maybe even got a bit of traction.
Unfortunately, you’ve never stayed committed to a strategy long enough for it to produce results.
Finding, buying, refurbishing, refinancing and renting property to build a property portfolio has less to do with capitalising on a short burst of inspiration – and everything to do with committing to a consistent and predictable system.
I didn’t build my own multi million pound property portfolio across 3 different countries with over a 6 figure passive income per year, by long periods of radio silence!
I doubled down on the fundamentals, chipped away with determination and made sure I was growing my property business every single day.
What you need:
An outcome based, simple and efficient process and system that enables you to focus on finding, buying, refurbishing, refinancing and renting property to achieve predictable results every single day without fail and grow a scalable and profitable property portfolio.
The Good News Is...
Building a Scalable and Profitable Property Portfolio by Refurbishing, Refinancing & Renting Property is Easier Than Ever
If you’ve made it this far you ALREADY know that buying property to refurbish is critical to the success of you, and your ability to scale your property business.
No need to remind you of that 😊
But maybe you didn’t know that by building your property portfolio using the Outcome-Based Strategic Method that I’m about to share with you, you’ll also have the power to:
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Quickly determine your ideal targeted investing area and the perfect property type for ready and waiting tenants BEFORE spending hundreds of hours on Rightmove
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Consistently enjoy buying property below market value by matching the sellers needs to your own
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Have the solid foundation to start profiting from the exciting world of property refurbishment using a repeatable system that can literally generate profit on demand.
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Achieve higher after refurb valuations on your property that enable you to recycle your profits into the next deal.
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Attract the ideal tenants to your property so rental payments are made on time and they want to stay in your property for the long term.
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Answer with confidence when potential JV partners or investors ask you: “How many properties do you own?”
YES, these outcomes are totally within reach for you and your property business (whether you’re starting from scratch or already own 1 or more properties)
…but they DO depend on taking a straight line, step-by-step approach.
One that leverages only the most current, proven property scaling strategies while dodging all those sharp shing objects that constantly rip a hole through your momentum.
One that’s been my secret weapon that allowed me to build up a million pound property portfolio in my 20’s while working a full time job in IT, that allowed me to quit the daily grind for good, and live life on my own terms.
And…
One that you’ll excitedly point back to a few weeks from now when you hit refresh on your email and see your offer’s been accepted on your first refurbishment property.
And if you’re still with me, then I couldn’t be more excited to introduce you to my signature property finding, buying, refurbishing, refinancing and renting (BRRR) program…
Who The Heck Am I To Tell You This?
Hey
Stephen Duncombe here.
And when I’m not “dancing” with my beautiful wife Jasmine and daughter Charlotte to the "Happy Pop Hits" playlist on Spotify…
I’m a seasoned property investor (which means I’ve been doing it a long time!) Since 1997 I bought my first investment property in North London for £65,000 completing a ‘light’ refurb on it and generating a profit of £36,812 in 12 months.
I flipped that property and did the same again, this time in South London buying a property for £167,500, well below its asking price, before completing a full top to bottom refurb that improved it value to £260,000 on refinance, which I kept and rented out.
I quickly grew my portfolio to over a million pounds in 36 months, while holding down a full time job as an IT Project Manager for Logica.
I moved to Australia (#beachlife) and repeated the same process over there, taking on slightly larger renovations such as adding another storey on single storey properties, while also adding creative buying strategies to my capabilities. I learned the power of joint ventures and vendor finance. I soon grew my Australian portfolio to over a million dollars within 36 months of living there. At this time, I was still working, but for IBM as a Contractor (#daily rate) as a Project Service & Delivery Manager working on $500M infrastructure programs in charge of over $10M project budgets.
While others see recessions as doom and gloom, I see them as a major opportunity. The US property market was discounted by up to 70% on its 2007 peak values! There was a once in a lifetime opportunity to buy heavily discounted foreclosed properties after the Global Financial Crisis of 2008/9.
So I went to the US and researched the property market with a view to buying foreclosure properties and bank REO's (Real Estate Owned) property.
In 6 months, I put in over 100 offers and bought over 22 properties using cash and seller finance. They all needed refurbishing (rehab in the US) and I put into practice my creative buying skills and negotiated seller finance at 0% interest rate on 6 properties. All 22 bought at a further discount to the asking price. I bought a mixture of commercial and residential real estate that created a net passive income of over $17,000 per month.
I was just like you, working in a job that I liked initially, but realised I was swapping my time for money. I was giving up 5 days for 2 days off!! I wanted time freedom, so I could choose what I wanted to do, and when I wanted to do it!
Property for me has given me time, location and financial freedom, having quit my IT job nearly 10 years ago now...
And if you’re still with me, then I couldn’t be more excited to introduce you to my signature property finding, buying, refurbishing, refinancing and renting (BRRR) program…
With STEPHEN DUNCOMBE
Property Accelerator
The most advanced Buy, Refurb, Refinance & Rent (BRRR) property investing system that is fully engineered to accelerate the growth of your property portfolio and rental income stream by leveraging only the most powerful, up to date techniques and strategies.
I’ve distilled, my over 20 years of property investing knowledge, working in the trenches with agents, brokers, banks, builders, trades, property managers, lawyers, solicitors, accountants and sellers across 3 different countries in all market conditions.
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Property Investors who’ve struggled to gain traction with their efforts no matter how long they spend on Rightmove, how many agents they talk to, how many properties they view, how many offers they make, or how much money they throw at a refurb in the hope it will turn a profit.
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Property Investors tired of wasting precious time and energy, getting overwhelmed with all the tactics and strategies.
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Property Investors who despite reading every book, watching lots of YouTube video and grabbing all the freebies from the thousands of social media ads, have failed to gain traction on what they KNOW is the way to finally make a difference to their lives. And…