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Since the summer of 2014, Jackie has built a £1.4M property portfolio with her business partner (& fiancee!) David Wigram.
The portfolio has a £108k annual rent roll & produces a £38k net income which enabled Jackie to leave her full-time job in market research at the end of August.
They are proud to have created a family property business that operates with the precision & professionalism of a big business.
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Investing Strategies
Jackie and her team like to focus on finding people with cash and strong ethical values, nurturing long term relationships with them, and matching them with fantastic property deals that result in win-win financial outcomes.
The have 5 core values that they use to measure everyone, to understand if they’ll be a good fit with their business, whether it’s an investor, a contractor, or a customer for their letting agency.
This approach has enabled them to run their property business like a major corporation, and put them in a position to grow their business long into the future.
Biggest Success
Juggling a full time job alongside a full time property business led Jackie to burnout earlier in 2015. Exhaustion and frustration led her to discover business strategy (specifically BGI – Strategy on a Page) which allowed her to take stock, restructure her business and understand how property investing can be a primary income rather than a secondary focus.
Biggest Difficulty
Throughout the early days of property investing, Jackie faced setbacks on various specific deals but none that stand out specifically in her mind as ‘the worst’. What she did struggle with though was changing her mindset to enable her to more successfully run her business. She was doing everything that needed done – admin work, viewings, deal analysis, planning etc – and working 24/7. Part of the discovery she made when working through Strategy on a Page was about Human Resources & people planning, and following those guidelines she was able to start building her team and focus her own time on the key business drivers.
What’s Your Favourite Book?
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How to Master Your Time
The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich
Jackie Tomes’ Links & Resources
Jackie Tomes on Facebook – Connect with Jackie on her preferred social media channel
TomesHomes.com – Jackie’s main business website
Email Jackie Tomes – Got a question or looking for some advice? Get in touch with Jackie here.