How to Find Your Goldmine Area
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Shaz takes us through the criteria he uses when looking at a potential goldmine area
\\nChoosing the right area is key and the critical first step is deciding on the property strategy you will be using.
\\nFrom identifying your competition to understanding how far you are happy to travel to your goldmine area, this is a comprehensive list that will make sure you have considered all of the key components that can impact a successful goldmine area. Listen in, use this list, and find your ultimate goldmine area
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KEY TAKEAWAYS
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- Your goldmine area starts with you knowing what property strategy you are going to use \\n
- If you are looking at HMO’s you need to be in a place with lots of students \\n
- Identify how much competition there is in the area \\n
- Always find out what the demand is in the area \\n
- Decide on your criteria for distance and travelling – how far are you willing to travel to your goldmine area? \\n
- What local amenities are available – schools, arts and culture, sports facilities \\n
- What workforce is there in the area and does it fit with your tenant profile? \\n
- Identify if there are good transport links and connectivity \\n
- Look at the local plan for the area and find out from the LA what the growth plan is \\n
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BEST MOMENTS
\\n‘Look online and see how many properties are available’
\\n‘I like to stay close to home, so if it\'s an hour away that’s okay’
\\nThe more ambitious and aggressive the growth plan the more demand there will be in that particular area’
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VALUABLE RESOURCES
\\nshaz@aaa-accountants.co.uk
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ABOUT THE HOST
\\nShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
\\nShaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
\\nHe is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
\\nYou can find Shaz on:
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This show was brought to you by Progressive Media
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