17 | Strongest Spring Property Market in a Decade
Hello everyone! 👋
Firstly - a MASSIVE THANKS TO ALL 1500 OF YOU! So many people have subscribed to my YouTube channel and shown amazing support, it means a lot!
I took my foot off the gas a bit this week. I've been analysing properties left, right and centre but I've been really hindered that I'm a 3 hour drive away from my target area & hometown around South Yorkshire so property viewings are hard!
I'm limiting myself to modern method of auctions and traditional auctions at the moment which are all over-selling. As the market is booming at the moment and refurb projects are all overselling, I'm debating to just put my cash onto 2 or 3 BTL properties and wait it out instead while still taking some form of action.
I've been thinking a lot recently about opportunity cost - do I hold out for a 'good' refurb deal, instead of just getting a done up, less competetive property now and enjoying a few months of rental income in advance.
🏡 The World of Property
I read a fascinating article this week from Rightmove News
"If you’re thinking about selling your home but have been waiting to see what will happen in the housing market, our latest insights reveal there is a record number of buyers enquiring about properties on our site this month. In fact, demand levels are 34% higher than this time last year when we were still experiencing a strong pre-lockdown market.
This surging level of demand, fuelled by people searching for more space and a change of lifestyle, is outstripping the number of homes for sale by the biggest margin at any time over the past ten years, making this the best sellers’ market of the decade – and perhaps one of the best ever Easter periods to sell."
📦 Property Deal Analyser - Product Build
I'm still working on the Property Deal Analyser, this is something I'm using daily at the moment to analyse my own deals so I'm forever tweaking and improving it as I go along.
It quickly and easily allows you to analyse and track your own property deals using Notion.so which if you don't know what it is, Notion is an awesome FREE software that combines google docs, trello, asana all into one amazing tool.
Once it's ready - if you're interested in getting your hands on it - just click this link to be one of the first to be notified once it's ready. I'm just in the process of creating some help videos for it and giving it a once over before releasing it to everyone :)
A view of the kanban property pipeline in action
📽️ Videos This Week
This week I released a video about how I work 80 hours a week and not burn out, focusing on my 'non negotiables' on having a healthy and productive working week when you work a lot of hours.
Feel free to check it out!
As always, if you have any questions, thoughts or feedback then hit reply to this email and I'll happily get back to you.