Government forcing landlords to house non-paying tenants for lengthy periods11:18 AM, 15th September 2020
About A week ago 40
When buying property with another person, typically with an investor, what’s important for us is sticking to our ethos and values. This allows us to over come most issues in the right way. This doesn’t mean every joint venture or deal is the same.
Actually what’s important to remember is flexibility must always be a given. No two individual’s goals or circumstances are the same.
We were approached by a chap who was keen to buy property, he had an interest in the student market and a unique short term goal to also find housing for his daughter.
The client approached us after already dealing with a large mortgage brokerage.
The deal very quickly came across what most would consider hurdles that would mean no further progression is possible.
However, sticking to the ethos and values of trust and transparency, open discussions kept the desire to do a deal alive. Our ‘power team’ was also leveraged to show the same resilience to bring the deal to a point where we could move forward.
After a few months of work we’ve been able to secure a great student property post refurbishment that will not only help the investor achieve his long term goals, but we’ve been able to agree a short term win for him too. That is to help house his daughter and her friends for their coming 2nd student year.
Even when things look difficult stay focused, stay communicated and stay flexible.
Power of flexible joint ventures.
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