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We reach the halfway stage in this sprint goal challenge this week. But first, I want to recognise International Women’s Day with the appreciation for and acknowledgment of some of the wonderful women around me and more widely.
As far as the progress on the goals is concerned, there’s plenty going on in all four areas; business acquisition, blocks & portfolios, private financing, and the book project. I will give you the update, which surprises even me at times!
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Transcription of the show
We reach the halfway stage in this sprint goal challenge this week. But first, I want to recognise International Women’s Day with the appreciation for and acknowledgment of some of the wonderful women around me and more widely.
As far as the progress on the goals is concerned, there’s plenty going on in all four areas; business acquisition, blocks & portfolios, private financing and the book project. I will give you the update, which surprises even me at times!
Property Chatter
Welcome to the property voice podcast helping you to navigate safely through the world of property investing, get the lowdown and updates, insights and outcomes on all matters property with a splash of entertainment along the way to a property, voice, or voice to trust among the crowd. Now, let's get started with your host, Richard Brown.
Hello, and welcome to another episode of the property voice podcast. My name is Richard Brown. And as always, it's a pleasure to have you join me again on the show today. Well, if you can hear some background noise, it's sort of intentional. And I'm actually on holiday, I'm on a short break. And it's just a delightful environment, I decided I wouldn't ruin you or make you jealous, rather, by having video. So maybe you're able to guess the sort of environment and because of some of the background noise, but Shiggy, who does my podcast editing, it's by design that you can hear the background noise, so you don't need to edit it out too much. Hopefully, it comes over clearly. So here we are. We're in the miniseries of this sprint, with my q1 goals, my first-quarter goals, which I'm aiming to achieve by the end of March. So each week, obviously, over six weeks to the end of March, I'm planning to give you a bit of an update. And this is the third week that I'd like to do that. If if you're listening to any one of these episodes midway through, it always makes sense to perhaps go back to the very first one. So that's the one where I share effectively what I'm going to do the numbers and the goals. And what I'm hoping to achieve over this six weeks period, which has been kind of crazy so far. But today, I wanted to lead off by saying, Let's hear it for the girls. Because at the time I'm recording, it's actually International Women's Day. And I'm joined by my delightful wife, not on the podcast, but in this delightful environment that we're in right now. And we're going to actually have a little celebration later on to celebrate International Women's Day. And we'll probably have a little toast of something, just to say what she has to acknowledge her really, in terms of all that she does. But then I think I'm I actually have about four wives, I'm just looking literally looking nervously over my shoulder. Because if my actual wife catcher gets hold of that comment, she'll probably throw me into some water that's quite near me right now. She's a hot-blooded Brazilian. And so if I'm making any sort of suggestion about the couldn't be with the women in my life, then I could be in a lot of trouble. But obviously, I've got my actual wife catcher, and she's been an absolute rock. To me, she's an inspiration to me, you know, where equals where I like to think we are anyway. So but she's an amazing woman, and she's doing some great things. And actually, I might put a link to her talent talks, Instagram feed in here, if you just want to see that you might need to understand Portuguese to make sense of it. But she's doing some amazing things right now. And she's doing some amazing things in my life too. So that's catchy. But my other wives again, looking nervously over my shoulder. I've got my mentoring wife, I guess. So Sue helps me on the apprentice program and some of the mentoring work that I do, you know, to, you know, get on understand, help people understand, working through their values, in particular understanding their personality profile, wealth profile, and more recently, money mindset. So we've integrated those elements into the apprentice programming, Sue does an awful lot of work with people, and, and in many cases, actually life-changing work, it's really deep and meaningful, what she does, so it wouldn't be the same without your CEU. So thank you for that. Then I guess I've got one of my private investor wives. That actually sounds even worse. One of my private investors is a woman who's been an absolute rock to me in particular, of late, and I'm going to say too much but she takes a real personal interest in me and my life. And she's made a huge difference. in more ways than anyone can imagine. With private investors. That's Chris and Chris, a bit of a shout-out to you. Thank you so much, when you know why. And then I've got my business wife. She's a little bit shy, and she prefers to sit in the background right now. But a silent partner, I guess you might say, but she's brilliant. She's inventive, she's creative. She's full of energy. And she's helping by the way drive a lot of the goals really that I'm talking to you about over these weeks, in terms of business acquisitions, in terms of blocks and portfolios. And she's even managing to get into probably co write a book with me later on. So there we go. I won't spoil the fun too much, but you'll probably hear all but about her in due course. So there we go.
And so a bit of a shout-out to them. But there are some other really great women around me, I have to say that I'd like to recognize on this day, International Women's Day. First of all, I'd like to mention our three daughters. So we've got Natalia, Laura, and Jessica. You know, they're, they're sort of in their 20s. Now, sort of, they definitely are in their 20s right now. And it's amazing to see them progressing and evolving in their life. We love them a lot. And we want to support them in their endeavors, that's for sure. So those are children and then returning really to sort of the more the work setting. I won't elaborate more in terms of family. But in terms of the work setting, we've got Nina. And she's an absolute rock, again, supporting me with everything on my development projects, and the rental portfolio, and pretty much anything that you know, I can't, you know, deal with myself. Nina takes care of me, she takes a slack and she doesn't take any shit either. So that's, that's really good. So we've got Nina, we've got Karen and Karen makes, you know, takes care of everything that's TPV, the property voice. So you know, this podcast, for example, or the distribution, the social sharing, the emails, all of that stuff, you know, that Karen takes care of in the background for me, so that releases me an awful lot to just do this real talk. But she doesn't do it alone. In fact, somebody who makes me sound much better than I probably should with my dodgy podcast recordings, and chancing it in an open-air environment. This week, wondering what on earth is going on is Shiggy and her, she does all my podcast editing has done for a while now. And we've got a really great working relationship I have to say so she's wonderful. And we've got Samantha Samantha takes care of everything. You know, that's less than straightforward. I think we have an old joke that none of my deals seem to be straightforward. On the conveyancing side, the little conveyancing side. So I just end up I lobbed things at her and she just catches them and gets on with them in a calm and collected manner. So she's also fantastic there. We got Monica Monica, of course, who's helped me to stay on top of my developments, especially of late. Now, I must admit, I jotted down the names of some of the women I wanted to call out just now. And, you know, knowing me and my memory, I might have missed somebody and a man who is somebody important, obviously, my mom, thanks very much. But you know what I mean? There are other people who probably made a massive contribution. And I do truly apologize if I didn't name-check you in that list there. But I do want to say that, you know, to all the great women in property, you deserve all the plaudits for all that you're doing, to try and level up this industry. And working with me as well, thank you, I really appreciate it. And I wish you all the success is all of you women out there, keep doing what you're doing. And you know, mirror for the girls. So that's the call out really to the international women now.
So let's just rattle through these goals. And so there are three kinds of updates, there are the mergers acquisitions, then there are the blocks in the portfolios, then there's private financing and allied there's four, and then there's the book. But the private financing kind of underpins the first two really so that doesn't, it's not really a goal in itself want to candidates anyway. Shut up bridge and get on with it. Mergers and acquisitions, what's been going on? Okay, so I think I told you last week, we completed the overseas agency business that we acquired last weekend, and this week, it's been trying to get some of the issues transferred across. And of course, there have been some issues with that. logins, don't work transfers, don't take the right time card, get access to certain systems, you know, all that stuff. So that's just to be expected. Really, it goes with the territory. as we evolve, actually, over the course of this year, we'll bring on a team who will take care of all that. But right now, it's a couple of us just trying to battle through and take care of those things, and email and WhatsApp issues and calling people and trying to sort things out and get tags and all our stuff. So, you know, there's a little bit of a thorny issue there. But I'm somewhat related, actually dipped into the financing sides, we've actually raised funds to help take that to the next level in terms of growth. So that's really good. I'll come back to that on the property financing side but basically allows us to resource up a little bit, which is good, which is what we need to do there. So that's that one. So it's moved from pure acquisition into bedding in really and raising funds to grow. What we've also done is we've managed to proceed to the due diligence phase of the acquisition of a substantial rental business with a two and a half million turnover. I think I may have mentioned it last week, we got past basically two of the hurdles. we've demonstrated ourselves to be professional buyers and mean business and we've overtaken apparently a bit of It's been more than us but hasn't actually managed to progress because they're their fundings a little bit. sticky. So we've done exactly what we said we would do when we said we would do it. And I think that's really actually starting to pay off. So we're into the due diligence stage. So it's really, you know, let's see what we find when we open the cupboards. Really. That's where we are with that one. We submitted an offer for a block management and lettings business, it's much smaller. submitted that as a verbal indicative offer on Friday, I was actually hoping to have news for you when I record this on Monday because the owner did actually say that get back to me on Monday with a response, or at least an indicative response. I haven't had that yet.
So I don't know what that means. That hasn't come through just yet. But let's see, let's see, maybe I'll have more to update you next week. And there's then a fact fine call that's being booked to the property maintenance company in the East Midlands that is in the diary, column, the exact date. But hopefully, it's before next week's recording, I'll be able to give you some more on that. So there's quite a lot of activities, you can probably hear on the mergers and acquisition side of things. Then on the portfolio and block side of things, some of these sort of a little bit of building on where we were last week. So there's a significant site was sick run about 6 million acquisition we've submitted a formal offer on we've been asked to provide formal proof of funds, which we're literally just waiting for signing off so that we can get that across. That's been somewhat delayed because the person or people required or overseas right now. So bit frustrating, frankly. But we're, which is waiting for that, and we'll get it off. And hopefully, that will be fine. Because what we understand is the sellers motivated for a number of reasons. So we need to get that going. As soon as we can. Got another block of completed units that ran about seven or million or so something like that. That's going to valuation because our offer is linked to the valuation. So that's the next step with that one. So that might take no, I was talking to one of my apprentices, former apprentices the other day and he said he took about four weeks to get the evaluation done.
So I might or might not be able to update before the end of this sprints on that one. So let's see how that one goes. And then we submitted a formal offer formal written offer with proof of funds to support that on a block. runabouts 13 units up in the Northwest. So I'm just actually mentally tossing up the number of units. The first one probably thinks nine, nine units. The second one thinks it's 18 units. The third one is 13 units. So there we go. And then we've got around about 20 potential opportunities in the pipeline that we just need to review. So we've got a lot going on, sure that we've got the time or the bandwidth to review 20 in earnest. So we'll probably have to filter those in some way. But everything else what's going on with the blocks and portfolio. So running with that one. I did say private financing kind of underpins the two so the business acquisitions and also the blocks and portfolio acquisitions. So where are we with that? Well, we've got a two and a half million-pound river revolving credit facility. That is, it's kind of still in transit, the funds are around but they just haven't fully been released. So hopefully, we'll get that. And that'll allow us to move forward in that sense. Got another million pound proof of funds that enabled us to submit one of the offers I mentioned above, or earlier, rather. So that was come through with the 13 million proof of funds for the two separate blocks that I mentioned, which is waiting for the formal sign-off. I've had some additional funding through for some of the development projects. So that's been nice to get those funds through, which is always helpful. And there's an introduction to a high net worth investor with a view to discussing funding options, which you know, to see where it takes us really a conversation. Let's see where it leads to. So that's the update on the private financing as far as I can recall. Anyway, late Leave me alone, I'm on holiday. And finally, we got the book. Now Funny enough, the book, the book hasn't made as much progress in terms of word count this last week or weekend. So Saturday was a bit of a write-off. But later in the day did do some, but basically was a research weekend. And I've got a chapter in this in the book, which I've I've nicknamed or it's the working title, it's free and easy money. So that translates as grants soft loans and tax relief. In other words, and it's one I kind of hadn't really prepared material on before. So I was doing a lot of grunt work really research got millions of tabs on my browser open at the moment as I'm just doing that. So I've got this matrix in my mind's eye with different types of property, business, you know, investor trading development, for example, services, business, all of those if you imagine that You can imagine a left-hand side of a matrix. And then across the top, I've got the, I've got grants, I've got soft loans, and I've got tax relief. So I'm just busy populating that matrix with this sort of top three or four in each of those particular categories. And that will form the basis of this book chapter, essentially. So there are lots of good things in there some things you probably familiar with some things maybe you're not so familiar with. So looking forward to that. So yeah, it's something you know, sometimes you don't get the words on the paper, but you do an awful lot of work in the background. And I might do, I might, if I want to, while I'm on holiday here, I might dip into that and just sort of fill it out a little bit as well. So that's the book. So not quite as word County, you know, progresses, maybe I would have liked, I would have hoped to have perhaps cracked out a few more words than I did do. But research is essential to the course. So hopefully make some progress. Either this weekend over the next weekend to work to update you more on that one. So there we go. That's the update for this week. I don't want to make it too long, as I mentioned fairly short. Equally, we're going out for dinner shortly. So I need to dash off and get myself ready. And help or not help. But I will celebrate International Women's Day with my wife. And obviously, you know to you out there. All of you women in property, women in business who are doing great things. Excuse me. I wish her a happy International Women's Day, belatedly, by the time you hear this to you, too. So just quickly before I go to the apprentice program, still looking for maybe one seat to be filled. Could be a woman. Why don't you reach out maybe shorter? I'd like to see more women on the program, that's for sure. So reach out. If you want to know more about the apprentice program, you can find information on the website, you can contact me and the show notes will be on the website thepropertyvoice.net if you want to contact me as a podcast at thepropertyvoice.net to look forward to hearing from you. But besides that, I guess I'm going to dash off, have a shower and go and have a nice bite. Not gonna say too much. He's gonna have an Alfresco dinner. There you go. I said I said too much. But I have an Alfresco dinner with my wife and which is going to celebrate tonight. So I'll catch you next week. Thanks very much for listening to this time on the property voice podcast. Until next time, and until next time, please Jojo.
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