Property Sourcing Q&A | Becoming a Property Sourcer & Starting A Property Deal Sourcing Business UK

[@mitko_wtf]

Very informative, thank you so much! Will be binge watching your videos tomorrow :D

[@AbigaelAremu]

Amazing! Glad you found the video helpful too! 😊

[@hammedtukur]

Very detailed. I am just about to begin property sourcing so thanks very much for sharing. A quick question. What about the legal parts? Did you register with The Property Ombudsman (TPO) or any other? I really want to know if I have to register with TPO before embarking on property sourcing in the UK?

[@physiogennai]

Thank you so much for this ! I love the straight to the point approach. 😊🙏🏽

[@AbigaelAremu]

You're welcome, i'm so glad to hear that 😊

[@o-o3116]

Hey love your content, really struggling with getting indemnity insurance, as companies have stated that the role of a deal sourcing company is different to a real estate agent, thus causing companies to deny policies to me once I state I work with investors rather than future home owners

[@yomiade9395]

Im an average investor with heavy schedule and I am struggling to get a credible deal sourcer. I am looking for a good deal and partnering around SE London areas such as Greenwich borough, Belvedere , Dartford, grays, Gravesend, Bluewater, chatham areas etc. My preference would be a deal that's got great BMV if thats possible with possibility of adding value and refinancing/Flipping . To be sure to consider BMV, ROI & ECA

[@radhikashah2357]

You passion for property comes so naturally!

[@AbigaelAremu]

Thank you girl ❤️

[@nadeemmaqbool4088]

Excelent

[@gloriaprince7226]

Thanks for answering those questions, they are very useful 👍🏽

[@AbigaelAremu]

Aww i'm so glad 😊

[@GeorgeNicola]

Why do you need a client account - for your sourcing fees or?

[@Hawatejan22]

So glad to have come across your channel!👌🏾

[@AbigaelAremu]

Aww thanks, so good to hear! 😊

[@simij7716]

Great video and great advice. Thanks 💕👍🏾

[@AbigaelAremu]

Thank you 😊 glad you found it useful!

[@gamergame9023]

Video on co deal sourcing please 😃

[@AbigaelAremu]

How do you mean? What exactly about co-sourcing?

[@gamergame9023]

@@AbigaelAremu how to make sure the investor doesn’t go behind your back with the deal? And how to present a deal? (Deal sourcing*)

[@AbigaelAremu]

You use an agreement and take a deposit before providing full property details to prevent clients going behind your back. I speak about how to package a deal here - kzbin.info/www/bejne/f2jEaHeMZ7uXiNk

[@oe5827]

Hey thank you for the great video! Once have passed the deal to the client and been payed do you leave the client and vendor to it or do you have to see the deal through until completion with them?

[@storytimewithanne]

Great advice thank you for sharing

[@AbigaelAremu]

You’re welcome 🙌🏾

[@ladyfitness67]

Thank you 👍🏾

[@AbigaelAremu]

No problem 🙂

[@emileivery5006]

What is your check listen for a good deal, what is it that you look for? And when you find one that you like, what do say to the property own?

[@AbigaelAremu]

Hey, please check out this playlist that covers all of this - kzbin.info/aero/PL1DZRT2EpoYKSJlrI_ez1JfqRLoYWmAE0 This video will also be helpful - kzbin.info/www/bejne/eqCoYYtsjaxorZY

[@JTKhopefuls]

Great video! Can you make a video expanding on each of the compliances needed please and as for these compliance’s do I need to go to training for any of them Regards Jonathan Kabangu

[@AbigaelAremu]

Thanks Jonathan 😊 There’s no need to attend any training for compliance setup. If you’d like some additional support in this area/getting setup with your sourcing business, please feel free to book a call here - calendly.com/abigaelaremu/property-consultation-support-call

[@sarahcox3783]

Hi Abigael, love your videos and information. It's very helpful. Are you able to give me the link to part two please? I cannot seem to find it.

[@AbigaelAremu]

Hey Sarah! Thanks so much 😊 Here’s the link - kzbin.info/www/bejne/gpDIiqiCgc1qetk

[@iamaridja]

So helpful thank you!

[@AbigaelAremu]

Aww so glad to hear that 😊

[@collinsnchanji37]

Hey got a deal and finding an investor/buyer or joint venture, but have not got an investor list , will like to work with you on what I got

[@ardaoutdoors]

Great video thanks Abigael! I get confused about property sourcing and deal packaging? Are they the same thing? Do you mean deal packaging as well when saying property sourcing?

[@AbigaelAremu]

Thanks Arda! Yes they're the same thing - I just prefer Property Sourcer lol

[@pashaj92]

How do I find the properties? Can you give me a run down please

[@ferhasyed1698]

Love it! Keep it up sis. What's yr background?

[@AbigaelAremu]

Thank you! 😊 I work in project management and do property/other ventures outside of that.

[@namz2k11]

what is a client acocunt and how do you make one?

[@AbigaelAremu]

It’s generally an extension of a business account. You can ask your current bank if they offer the service or create one with another bank/building society.

[@diondennis3202]

@@AbigaelAremu so how does this work, the investor will transfer you the money to buy the house or something?

[@lhuncho760]

Hey love this video ☺️I’m a uni student atm will starting this (e.g registering as a business) affect my student finance?

[@AbigaelAremu]

Thanks so much! To be honest I can't really advise on this as I'm not sure what the rules are now around student finance. If student finance do not consider your personal income (assuming you're an unemployed-full time student) - and so just look at your parents/guardians income; i'd think you should be OK. Plus, if student finance do consider your income - i'd think it would really depend on how much you earn via your business. I think your best bet is to check with student finance about which/who's income they consider and also speak to an accountant about how they could best manage your business account to ensure your student finance is not affected (too much).

[@lhuncho760]

Okay thank you for your help😊

[@prosperesin]

Great video by the way. Please hope you can answer this question. When sourcing a property, in terms of refurbishment, do I pick/factor in the type of kitchen, bathroom/shower, tiles, carpet, or is that done by the builders or the investor. If I have to pick it as the deal sourcer, where do you recommend I go. Thank you

[@AbigaelAremu]

Thank you! Yes you’d factor in the cost of these things but not pick them out yourself if that makes sense? That’s down to the investor purchasing the property. Will go into more detail about this in my live Q&A session tonight at 8😊 kzbin.info/www/bejne/paSUenyAe6dmnKM

[@prosperesin]

@@AbigaelAremu you are a legend. Thank you👏🏾👏🏾👏🏾

[@MafManta]

Hey, if you Co deal source, what do you need to be compliant with ? Thanks

[@AbigaelAremu]

Hey! I’d assume the company you’re co-sourcing with would have all the compliance handled. Would definitely check with them though to make sure.

[@doubleeggnoglatte829]

Thanks for the video. I am curious if it is important to start a company to do property sourcing or can I do it as a sole trader?

[@AbigaelAremu]

Thanks for watching! I believe you can do it as a sole trader, however setting up a LTD company is the common way and is regarded more highly in this type of business.

[@MrMrtyrrell]

Question: How do you give them the deal send them the link to the deal I am very confused?

[@AbigaelAremu]

You have to package it up yourself. So ideally you’d put together an email template with images and details about the deal.

[@namz2k11]

do you need a license for property sourcing and do you need to make a company in order to property source or can you just do it by yourself.

[@AbigaelAremu]

Yes, as mentioned in this video, company registration is one of the things you need to do in order to be setup as a compliant sourcer.

[@namz2k11]

@@AbigaelAremu oh sorry yeah saw that in the video

[@ferhasyed1698]

Where did u learn to deal source?

[@AbigaelAremu]

I have a mentor and also self learning

[@3nyx]

Can i be a property sourcer as a 20 year old? currently working in a supermarket part time

[@AbigaelAremu]

You definitely can!

[@3nyx]

@@AbigaelAremu that’s all i needed to hear! thanks a lot

[@AbigaelAremu]

@@3nyx anytime, all the best 😊

[@stephenbell3416]

You are a hunny

[@andrewwilson7241]

What advice would you give for someone wanting to start property sourcing? Such as what factors do you look for to know it’s a “good investment” and also where do you find them?

[@AbigaelAremu]

In terms of the factors to look out for, I actually covered this in part 2 of this Q&A 🙂 kzbin.info/www/bejne/gpDIiqiCgc1qetk For general advice for new sourcers - kzbin.info/www/bejne/gpDIiqiCgc1qetk There's also a video about how to find good property deals going live on my channel this Sunday at 9pm.