I pass a neat row of large BMW motorcycles lined up outside and enter the communal Kitchen of Blue Star House where 6 handsome young German men are tucking into a hearty lunch and chatting about their weekend ahead at Goodwood. They tell me about their drive form Germany and ask about local parking. In rooms upstairs are a student, a chef, a cocktail barman, and some weekenders visiting family. This weekend it"s a full house at the Serviced Accommodation.....
It is a year since I gave up my job as a teacher to go into property full time and the change has been astonishing. It all started when I was offered the opportunity to joint-venture (JV) on a project here in Southsea. The numbers looked good so I set about re-financing my rather tired single-let portfolio that had been my companion since my 20s.
I thought that I should get up to date so I started networking. Negotiating phrases such as 'your network is your net worth", 'my property journey", 'no money-down deals" and avoiding the pushy salesmanship of the property 'gurus" came next. I have been hovering on the fringes of property education courses all year picking up as much as I could without committing any hard cash. This has been fun and educational and I now network about once a week. The same faces appear, friends are made and, with luck, business will be done. Being a landlord can be a lonely place so tapping into a reservoir of fellow property entrepreneurs in this way has been really worthwhile.
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