Candice & Dan Property Investors

368: 3 projects in their first 2 years, with Candice & Dan

| |



Candice & Dan, are still pretty new to the property world, but with a couple of deals under their belts their on the right path and by the sounds of it, doing all the right things.  It was great to hear about their progress so far and some of the decisions they’ve made – like why they started out investing in flats even though they don’t think they’re the best long term investment; how they’re balancing the time requirements of investing along with days jobs, and how they made the ultimate sacrifice in their relationship in order to push their business forward faster than they would otherwise have been able to do. 

Today’s episode will hopefully give you a ton of inspiration and show you that whilst property isn’t the key to overnight success, you can still cover a lot of ground in a short period of time.

What we discussed in today’s episode:

  • Candice & Dan have been investing as a couple for 2 years, and it all started after reading Rich Dad, Poor Dad. Their first deal wasn’t exactly smooth sailing, but they learnt a ton of lessons by getting started that have stayed with them on future deals.

  • All 3 deals so far have been apartments (rather than houses) which they discuss the pros and cons of, and whilst single apartments aren’t going to be their focus for the future, focussing on these cheaper investment options has allowed them to build income quicker than they would have been able to with houses.

  • The apartments are on the south coast, and are run as holiday lets/serviced accommodation, generating considerably more income for them than single lets.

  • Dan mentioned some issues with ‘full time’ tenants in the building and how they’ve managed that to try and maintain good relationships whilst also ensuring their guests have a great experience.

  • We wrap up the interview with their top tips for other investors who are just starting out.

  • Dan – “we’re all on our own path with our own destiny, so don’t feel like you need to compare yourself to others”

  • Candice – “There are a lot of things that people around us are doing, buying their dream homes and buying nice cars and things like that. If you want to have a successful business, you need to be comfortable with not having things that you want in order to put your focus, your energy, your time, your money into something that is going to give you that in the future. We’re in it for the long game. The profit that we’re making at the moment, for instance, is not ours. It’s to pay our investors back. But five years time we’re gonna be rolling in it!”

Leave a Reply

Your email address will not be published. Required fields are marked *