Raising £700k in Investor Funds w/ David Liddell

In this episode, we welcome David Liddell, a young and energetic property investor, to discuss his journey, strategies, and recent projects. David shares his transition from an engineering career to property investment, highlighting key lessons, successful projects, and his plans for the future. David's Background: Grew up in Dunfermline, now based in Glasgow Former hydraulic design engineer in the oil and gas industry Shifted to property investment during the COVID-19 pandemic First Property Investment: Location: Peterhead Type: Buy-to-let Outcome: Sold at a profit, igniting interest in property investment Transition to Full-Time Property Investment: Began focusing on property during the pandemic while working part-time in engineering Educated himself about property investment Left engineering job in April 2022 to pursue property full-time Property Strategies and Projects: Involved in flips, assisted sales, deal sourcing, and service accommodation (SA) Advocates for focusing on one strategy at a time Manages properties with his partner, Samantha, including setting up service accommodations Notable Projects: Service Accommodation in Coatbridge: Converted his home into a service accommodation Self-managed, resulting in cost savings and increased profitability Thurso Property (Marine Inn): Overlooks Thurso Beach Purchased for £385,000 (home report value: £425,000) Plan: Convert into a high-quality apart-hotel with six self-contained units Financing: Bridging finance and investor funds Project in County Durham: Large property bought at a discount (valued at £600,000, secured for £475,000) Plan: Refurbish and set up for group stays Financing and Investors: Raised approximately £700,000 in investor funds for various projects Stresses the importance of building a personal brand and maintaining a social media presence Most investors are connections from networking and business groups Conclusion: David is dedicated to growing his property business and emphasizes delayed gratification and discipline. Future plans include expanding his property portfolio and continually improving business strategies. Listen to the full episode to hear David's insights and advice for aspiring property investors! Follow David on Instagram! ------------------------------------------------------------ Prime Property Auction: www.instagram.com/primepropertyauctions John: www.instagram.com/john_property_auctioneer Luis: www.instagram.com/luis_property_auctioneer Visit Prime Property Auction website: https://primepropertyauctions.co.uk/ 🔗⁠⁠⁠⁠⁠⁠ Subscribe and watch episodes on our YouTube channel⁠⁠⁠⁠⁠⁠ **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise. 🤝  Visit one of our monthly networking meet-ups.  We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 ⁠⁠⁠⁠⁠⁠ Book your place at the networking events here⁠⁠⁠⁠⁠⁠ ⭐️⭐️⭐️⭐️⭐️  Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify. Connect with us on social media:🔗 ⁠⁠⁠⁠⁠⁠Join our private Facebook group ⁠⁠⁠⁠⁠⁠ 🔗 ⁠⁠⁠⁠⁠⁠Follow us on Instagram ⁠⁠⁠⁠⁠⁠ 📩  Email us: [email protected] [email protected]