Hello there , Thank you for your videos . Are you providing any training for beginners ?

Hi Daniel, in your shoes I would try to find a company that already has an investor database (e.g. PropertyX, or similar). As a company can already have 1,000s of investors looking, where as it could take you a long time to find just a handful of investors. This is an easier way to get started, allowing you to just focus on finding great properties. I would concentrate on viewing and offering volume, whilst building relationships with agents and builders, etc.

Likewise Steve 🤝

Any updates? Looking to start myself

Hey Michael. Glad you enjoyed the video. Drop me a message on instagram and il see if I can help @justinnwilkins

Hi! Companies run this in different ways, some take part of the fee upfront, part on exchange. Some take all the fee upfront and some take all the fee at the end. I do 50/50 as I think it’s a fair balance to the client and my business prior to providing the work.

Not found any unfortunately. Just had to learn this game 2 different ways; 1) lots of action and making some mistakes along the way. 2) I had a mentor at the beginning to help learn the basics

Hi David, yes my business is completely based around sourcing. I have 3 full time staff including me, and this is what we do day in day out for clients! I initially learnt sourcing from a previous mentor, and then developed my own version of the business model as my business grew. I’m based in the south but source properties in the north! 🤝

@@JustinWilkins thanks so much for replying. Do you mind sharing who mentored you? I am just about to start Deal sourcing myself well co sourcing to start as I have no investors yet. Cheers David

@@davidclauss46 Adam who mentored me now travels the world in a van, great guy, he's been on my channel in the past but I don't think he mentors any more. I have a course on deal sourcing, or I can put you in the direction of a more relevant sourcing mentor if you need one!

@@JustinWilkins hey Justin thanks so much for the info. Yes it would be good to have a recommendation of a good mentor please. Thanks for info about your course i have done some paid for ones already though cheers David

Good question. A large portion of my investors reach out to me through social media - usually by joining my mailing list. But in the earlier days I did a lot of networking to try and meet people that wanted my help. If the property is right, or the deal is right, then in theory anyone should be willing to pay £2,500-£5,000. Even though I run a business in this industry, if someone came to me with a cracking deal and I wanted it, then I’d happily pay their sourcing fee - someone once told me, the fee is irrelevant if the deal is good enough! 😃 I recommend listening to the video from 2:07 where I talk about types of clients. Because there is a huge amount of people out there willing to pay for this service, to save them the huge amounts of time, driving, viewing and making offers.

@@JustinWilkins by sourcing the right deals, I assume you are also guaranteeing your client a positive ROI on their investments? How do you guarantee that all 20 of your deals per year will result in positive ROI?

Another excellent video - thank you Justin. Could you please do a short video on the contractual terms that you have in your sourcing agreements. I can see lots of room for trouble if you don’t have the right contracts. For example, when is the property taken off the market? And how do you prevent the investor cutting you out by him or her going to straight to the vendor and offering them some of your sourcing fee? Any thoughts would be greatly appreciated.

@@AdaptedStudios you can’t guarantee, and you’ll have a far better relationship with the investors if you make it clear you can’t guarantee results. Instead, try to find the best deals possible with plenty of detailed evidence to explain how you came to the end figures (rent, EV and ROI). Give numerous examples, best case / worst case. Then explain to the client that they must also do their own due diligence to confirm your figures - but give them the option to walk away if they aren’t satisfied. I’ve found that makes for the best possible relationship.

@@mohammadcheema7375 thanks for the suggestion! Great idea but unfortunately could be too niche and / or open myself up to issues online! Feel free to send me any questions that you have and il try to help answer them

Mine 🙃