How to Start Property Investing with Just £26

If you’ve ever wanted to get into property investing but felt daunted by the high costs and steep learning curve, there’s good news. You can start with just £26. This method has the lowest barrier to entry, both in terms of cost and skill. Plus, it requires minimal daily time commitment and can potentially earn you between £2,000 and £10,000 per month. This isn’t about rent-to-SA, rent-to-HMO, or purchase lease options. It’s all about side hustle deal sourcing.

brown and white concrete building showing Property Investing with Just £26

Understanding Side Hustle Deal Sourcing

Side hustle deal sourcing involves finding property deals and selling them to investors. The beauty of this strategy is that you can start with minimal upfront costs. Here’s a step-by-step guide on how you can get started with just £26.

Step 1: Complete Your AML Training

The first and most crucial step is to complete your Anti-Money Laundering (AML) training. This is essential for becoming a compliant deal sourcer. The good news is that AML training can cost as little as £26. Once you’ve completed this training, you’ll need to get all your compliance paperwork in order, including insurance and registration with HMRC. However, you don’t need to pay for these immediately. Just get everything lined up and ready.

Step 2: Find Your First Deal

Instead of spending money upfront on compliance, focus first on finding a property deal. This allows you to test the waters and see if you can find a viable deal before committing to the full compliance costs. Once you’ve found a deal, you can then pay for your compliance out of the proceeds from your first deal. This approach minimizes your initial outlay and lets you prove the concept before investing more money.

Step 3: Partner with an Established Deal Sourcer

Finding investors can be challenging, especially if you’re new and lack an online profile or social proof. This is where partnering with an established deal sourcer can be invaluable. By leveraging their social proof, investor list, and network, you can quickly find buyers for your deals. This partnership can give you the credibility and reach you need to get started.

Step 4: Enroll in a Training Program

To join a partnership program, you’ll typically need to undergo training. This ensures you’re serious, knowledgeable, and committed. The training costs a few hundred pounds, not thousands, and the money is refundable upon completing your first deal. During the training, you’ll learn how to find and package deals efficiently, often requiring just 15-30 minutes per day.

Step 5: Commit to the Process

Consistency is key. Commit to the process for at least 90 days, the typical time frame most people need to find their first deal. If you show dedication and haven’t secured a deal within this time, many partnership programs will still refund your training fee, recognizing your effort and progress.

The Benefits of Side Hustle Deal Sourcing

Low Barrier to Entry: With just £26 for AML training, you can start immediately without significant upfront costs.

Minimal Risk: You only pay for full compliance once you’ve secured a deal, reducing financial risk.

High Earnings Potential: Successful deal sourcers can earn between £2,000 and £10,000 per month.

Flexibility: This strategy requires only 15-30 minutes of daily commitment, making it ideal for those with other responsibilities.

Partnership Opportunities: By partnering with established deal sourcers, you gain access to a network of investors and enhance your credibility.

Real-World Example: From Novice to Expert

Consider J, who started with just £26. She completed her AML training and focused on finding her first deal. By partnering with an experienced deal sourcer, she leveraged their network and sold her first deal within 60 days. J reinvested her earnings into full compliance and continued to find and package deals. Within six months, she was consistently earning £5,000 per month, all while working part-time.

Common Challenges and How to Overcome Them

Finding Investors: This can be tough for newcomers. Partnering with an experienced deal sourcer can bridge this gap.

Compliance Costs: Initial compliance costs can be a hurdle. By securing a deal first, you can use the proceeds to cover these costs.

Market Research: Knowing where to find good deals is crucial. Utilize training programs and market research tools to identify lucrative opportunities.

How to Stay Compliant

To stay compliant, ensure you:

Complete AML training.

Register with HMRC for anti-money laundering supervision.

Obtain professional indemnity insurance.

Follow all legal and ethical guidelines for property sourcing.

Maximizing Your Earnings

To maximize your earnings in side hustle deal sourcing:

Build a Strong Network: Connect with investors, real estate agents, and other deal sourcers.

Leverage Technology: Use property sourcing tools and software to find and evaluate deals quickly.

Stay Educated: Continuously update your knowledge through training and industry resources.

Offer Value-Added Services: Provide additional services such as property management or refurbishment advice to increase your value to investors.

Long-Term Success Tips

Focus on Quality: Always prioritize quality over quantity. Ensure the deals you source are valuable and viable.

Maintain Transparency: Be transparent with your investors about the deals you present.

Build Trust: Trust is crucial in this business. Deliver on your promises and maintain high ethical standards.

Keep Learning: The property market is dynamic. Stay updated with market trends and legal changes to remain competitive.

Conclusion

Starting in property investment doesn’t have to be costly or complex. With just £26, you can begin your journey through side hustle deal sourcing. This strategy offers a low barrier to entry, minimal risk, and high earnings potential. By following the steps outlined and leveraging partnerships, you can build a successful property sourcing business with minimal upfront investment. Remember, consistency and commitment are key. With dedication, you can achieve significant financial success in the property market.

For those ready to take the plunge, start by completing your AML training and finding your first deal. Partner with experienced professionals and enroll in a reputable training program to gain the necessary skills and credibility. The property market is full of opportunities, and with the right approach, you can carve out a profitable niche for yourself.

If you’re interested in joining a partnership program, look for one that offers comprehensive training and support. This will give you the best chance of success and ensure you have the resources you need to thrive.

Action Steps

Complete AML Training: Start with the £26 AML training to become compliant.

Research the Market: Use online tools and resources to identify potential property deals.

Find Your First Deal: Focus on securing your first deal before paying for full compliance.

Join a Partnership Program: Partner with an established deal sourcer to leverage their network and experience.

Commit to the Process: Dedicate 15-30 minutes per day to sourcing deals and stay consistent.

By following these steps, you can start your property investment journey with minimal risk and upfront cost. The property market is waiting, and with the right strategy, you can achieve significant financial success. Happy investing!


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