Listen to this episode below:
Here’s a sneak peek at what discussed this time:
Today I’m delighted to be joined by fellow property nomad peter armistead. A property investor running his business in Manchester whilst living in the skiers heaven of Whistler, British Columbia.
In his extensive career he’s developed over 500 apartments in South Manchester, won countless awards for his projects, built his dream home in the Canadian mountains and trains regularly for ultramarathons.
I love discovering other investors who’re making property work for them, rather than the other way around, and Peter is a great example of this.
If you’ve got any desire to use property as a vehicle for more freedom in your life then you’re going to love this episode.
4:30 How Peter got started- moving up the London property ladder in the 90s
5:30 A desire to live in the Mountains- and the need for a job that would allow that
7:00 How we works remotely- such as getting up at 3am every morning to work (to coincide with UK hours)
8:11 What the property business looks like now
9:20 “We run an old school business in a relatively modern way”
12:18 What type of property fits the model?
15:52 Bought and sold 500 over the last 18 years and retained 25% of that.
21:00 The importance of reputation
24:00 Consolidating from a Portfolio across 3 locations to a focus on one core location
27:30 New builds vs Conversions- which is easiest?
35:46 Talking about the team that allows Peter to be remote
44:23 Which activities can’t be done remotely?
48:28 “Micro-management is the way to kill a business”
Are you ready to scale your property business? We’ve created the IPI Community to get help and support you growing a real property business, with our live masterclasses, online courses and ongoing support from our panel of experts. Sign up here, and take a 1 month trial for only £1!
Armistead Property Website
Follow Armistead on Facebook
Follow Armistead on Instagram
If you want a complimentary copy of Peter’s book, get in touch using one of these platforms and mention the podcast!
Find out more about our Community – https://www.insidepropertyinvesting.com/ipicommunity/
Subscribe to our YouTube Channel – https://www.youtube.com/insidepropertyinvesting
Follow us on Instagram – https://www.instagram.com/insidepropertyinvesting/