Tag: #propertyprofessional

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ANDY BABBAYAN JOINS THE PROPERTY ENTREPRENEUR BOARD 2022

We are excited to announce that Target Five’s Director, Andy Babbayan, has been elected to serve on the Property Entrepreneur Board (part of the PPN UK Group), for 2022

Andy is currently in Birmingham @thebelfryhotelandresort as we speak on day 2 which see’s the start of the new course year for the PE applicants.

We checked in on Andy this morning to see how thing’s were going?
“Absolutely buzzing after the first day of the PE Board 2022. Really proud to be joining such an illustrious bunch of Uber achievers. More than that though, so refreshing to see such honesty, humility & genuine interest in others from such a group. It’s going to be a great year!”

It’s not only Andy involved with PE, Tina is also following the Advanced course/workshops with Tim and Sven on the Programme course. The courses enable us to execute the next level of business strategy, systems, raising & refining finances, building a world class team and moving into niche & market leading positions that deliver sustainable levels of growth & the lucrative returns of both time and profit.

To find out more about Property Entrepreneur and their programmes, please click the link https://buff.ly/3gWOnWJ #propertyentrepreneur

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WHAT’S YOUR FEELING ABOUT FUNDING?

We are reaching out to fellow developers and investors to see if anyone has found a simple and elegant way to fund projects. 

We have worked very hard over the last 12 months to unlock the key to the funding element of what we do. 

SPOILER ALERT!!!
There is no magic wand or bottomless pit of money to call upon.

When we are working at the capacity we have been and doing the number of projects we are doing it is inevitable that some funding will be required. Quite frankly if we can do more projects through using funding we will! 

Whilst the aforementioned magic wand is still missing we have found some key ways to mitigate the delays involved and try and make the process as smooth as possible so we thought we would share some with you. What other tips do any fellow investors/developers have; 

  1. Be ready – you will be asked for ID, proof of address, credit reports, asset and liability statements and any rental assets you own may be asked to prove the rental income through statements. Get everything ready before you start the process this will save lots of time and stress. 
  2. Keep your key team small – you should only need 3 brokers or 3 lenders. By keeping the number of lenders you deal with small you should be able to only provide things the first few times. It will then get easier and quicker over time. 
  3. Be responsive – there will be queries, there will be things that need signatures from you. Deal with these things quickly. If you are busy, make sure someone is checking post/emails for you to avoid delays. 
  4. Be Innovative – traditional lending is not the only way.