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Episode Info: Answers to the Questions YOU are Asking about Property! At the 10k Property Super Conference, Kevin McDonnell sat down with Alfie Best who has a multi-million-pound property business in the UK. Together they answered questions from listeners about all things property. If you want to hear inspirational and informative answers to the questions people are really asking then listen in now.   KEY TAKEAWAYS What is the number 1 criteria when deciding whether to invest in property? Know your area, know the property you are buying and start with the end in mind, how am I going to make money out of it? In the face of adversity, what keeps you going? Fear of failure is a powerful driver and to every problem, there is a solution it might not be the solution you want but there is a solution. If you don’t take a risk you are never going to realise your potential or learn. What are your hacks and tricks when buying a deal? There is a model to be followed and if a deal ticks the boxes the next consideration is gut instinct about what else you can add to increase the value. What’s the best thing currently in your life? Family is always at the heart of everything and in business, it's seeing long term goals come to fruition. What’s the best advice for someone just starting a business? Do it, don’t waste time get on with it but don’t do it half-heartedly get both feet in and get started. What is the best form of marketing in property? Sublime marketing is the best – it’s about not selling a property to someone you just whet their appetite enough to get them interested and the more you are not selling it the more they will want it. What the scariest thing that’s ever happened, in business or property? Living with yourself when perceiving yourself as a failure is scary and I overcame with perseverance. I followed through, I adapted and changed the business plan to continue to move forward When you are massively stressed and overwhelmed what hacks do you have to overcome it? In a stressful situation take your time to find the right solution If you panic you make the fear worse and potentially make wrong choices. As soon as you own and step up to your choices you can put them behind you, learn from them and move on. Do you think Brexit will have an effect on rental prices? It's about supply and demand, we are 66 million people on a small island with a predicted increase of 8 million over the next 10 years and people need places to live. What is the defining trait that has made you successful? It’s about persistence, success is all in the mind everyone defines success differently. There are always people who are further up the ladder of success and they provide inspiration for others to persevere and keep moving forward.   BEST MOMENTS ‘I genuinely thought I started perfect I only realised later that I didn’t’ ‘I realised that I was never going to get myself out of debt working in a job’ ‘By changing your model, you are actually showing ...
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