Tej Talks - Property

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305 tenants, 19 properties at £4.4m and how to graft with Property_Apprentice

"0% Eviction rate over 1000 students."


Why does Craig love Student HMOs? How does he buy in London? What's his JV Structure?


These are some of the topics we discussed in todays episode, if you know him on IG, you know he is a hard worker. No excuses!


Craig Sullivan is an entrepreneur with true passion for property and is also known from his Instagram alias of 'Property Apprentice' which is notorious for early morning motivational sing-songs, videos and "BIG UP THE GRAFTERS!".


He purchased his first property at auction at the age of just 20 and has developed his property portfolio in the South-East, leaving his corporate job and pursuing property full-time at the age of 28. He studied Business at degree level but after attending his placement year he decided not to go back and has worked in Sales roles for major media companies such as Disney, Warner Brothers and Viacom. During this time, he purchased his second property (again from auction) of which was documented by the BBC and appeared on their hit show ‘Homes Under the Hammer’ (YouTube link - HERE).


After achieving great results and feedback from these investments, he soon came to realise that there was a gap in the market for high-end student properties and began to replicate his business model; buying below market value properties, adding value cost effectively, securing good tenants and refinancing to repeat the process.


As his personal portfolio was growing, he was approached by local landlords to manage their properties too. Craig immediately agreed and after some cheap flyers and a DIY website, his Letting agency was born. That Letting agency is now the largest provider of Student Houses in Medway, overtaking High Street names and local businesses who have been in the market for 25+ years.


Craig was also nominated for Business Excellence in the Kent Independent Traders Awards 2016 where he received runner up in ‘Entrepreneur of the Year’ and ‘Growth Business of the Year’ categories.


He has appeared on multiple property Podcasts and is also a regular speaker on local TV Station KMTV, where he is asked to comment on recent property headlines and topics.

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11/23/2020

JVs: The Good, The Bad & The Ugly. Protecting yourself and your money.

'Understanding JV's. The good, the bad and the ugly'.The term 'joint venture' is often used without much - if any understanding of what it means, or might mean, legally.It can often be used as a 'sexy' way to draw in investors to part with their money.I'm completely flexible but have in mind a conversation geared around investors in property, what and how things can go wrong- with a smattering of high level examples from Alex' work acting for investors (including HNW individuals, international investors and lenders) in disputes nationally, and his views on how to avoid them ever happening.JV's can take the form of multiple legal wrappers and outcomes can range from being a great way to bring different people/experience/input to the table (time, money, knowledge); with positive outcomes ('the good'); where something unforeseen happens (no profit, only loss; market changes; wrong wrapper for tax etc) 'the bad'; or those always geared around ripping off the investor ('the ugly').'ac@helix-law.comAlex initially trained as a Barrister (non-practicing) before cross-qualifying as a specialist commercial and property litigation solicitor. Prior to becoming joint owner of Helix Law in 2013, he was Head of Litigation and one of the youngest partners in the regionin a large firm based in Eastbourne. Comfortable and experienced litigating against large international City firms, he has successfully resolved complex commercial and property disputes for clients ranging from large international businesses and propertyinvestorsto individual business people.Alex isan accredited commercial mediatorand heis increasingly asked to advise on contracts, risk, dispute avoidance and exit strategies. He also continues to develop and innovate our products, services and funding arrangements with the aim of making specialist litigation services more transparent and accessible.