Property Diversification
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Shaz discusses the various ways you can and should diversify in property to ensure you are spreading both the risks and returns
\\nHe looks at effectively making use of the 70/20/10 principle and shares great advice on how to make diversification in property really work for you
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KEY TAKEAWAYS
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- The 70/20/10 rule means 70% of assets and income come from your primary strategy, 20% of income from your secondary strategy and 10% from your third strategy \\n
- In property, you need to diversify to make things work really well \\n
- Use the Pareto principle to identify the outcomes from specific strategies \\n
- There are many different strategies in property including buy to rent, commercial conversions, residential \\n
- Identify what will work best for you and what you are passionate about \\n
- Think about investing in a specific geographical area \\n
- Review the asset type are you targeting and link this with your geographical area \\n
- Property works well if you are clear and focused on your strategy \\n
- As your portfolio grows it will require you to be more involved \\n
- You can over diversify so it’s important to keep focused on a primary and two secondary strategies \\n
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BEST MOMENTS
\\n‘There are quite a few strategies you can deploy in your property business’
\\n‘Geographical area is extremely important’
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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
\\nincome. 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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