Strike While The Deal Is Hot!
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This week, Shaz wants to tell you all about a property deal that came about by chance, and the strategies he employed in order to take immediate advantage of it.
\\nSometimes deals spring up from nowhere, and you need to move quickly. In this episode, Shaz gives you the invaluable advice that will allow you to do just that.
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KEY TAKEAWAYS
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- Talk to as many people as you can in your particular area, and make sure you tell them about what you do. You never know when you’ll stumble onto the deal of a lifetime. \\n
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- Instead of approaching a bank for the money, which can be a laborious, slow-moving experience, Shaz approached an investor and secured 90% of the funds needed, investing 10% himself. \\n
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- If you buy a company, and you’re buying the shares, you pay 0.5% stamp duty, whereas if you’re buying the asset then you pay stamp duty based on the value of the property. \\n
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- When you take over a company, you are going to be responsible for any debts or outstanding overheads, so make sure you do your due diligence! Also, make sure you have warranties in place to protect you from any surprises in the future. \\n
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- If you buy the shares of a company, then the purchase price (base cost) will remain the same as when the property was introduced into the company. \\n
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- Investors Relief is similar to Entrepreneurs Relief - it means that investors only pay 10% tax on the money they draw down in terms of profits, so long as they fit the criteria. \\n
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BEST MOMENTS
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‘If you don’t tell people what you do, then they can’t help you’
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‘You’ve got to do your due diligence!’
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’Tighten up on that fixed fee if you have one’
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’The whole emphasis is to recycle as much cash as possible’
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ABOUT THE HOST
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Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
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Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation 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.
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He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to main stream media outlets.
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You can find Shaz on:
\\nThis show was brought to you by Progressive Media
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