Listen to this episode below:
Jesse is a Nottingham based property investor who’s been investing across Nottingham & Derby for the last 6 years. Prior to that his investment focus area was Northampton and over the course of his career he’s invested in over 190 properties in his personal portfolio.
Not only that, but his companies have been responsible for the purchase of well over 500 properties in the East Midlands, with a total gross development value of £100 million.
Show Sponsors
No Agent is a refreshing new way to manage your rental property, with a fixed fee management service from only £29 per month, and flexible bolts ons to meet your unique requirements. Sign up for a 60 day free trial at NoAgent.co.uk, and use promotion code IPI100 for an extra £100 off your first year’s management fees.
Investing Strategies
Simply speaking, Jesse grows his portfolio through momentum investing. He buys run down properties at a discounted price, renovates them to a suitable standard for single lets, refinances them at a higher value releasing his cash, then moves on to the next one.
After every couple of deals when he’s got some excess funds, Jesse will add to his HMO portfolio as well, and occasionally he gets involved in larger development deals.
In addition to his own portfolio, he also runs a group of property business offering everything from mortgages and insurance to project and property management, making it a one stop shop for hands free investors.
Biggest Success
Due to his approach of keeping things simple, none of his deals really stand out in his mind as favourite.
What really stood out to me though was that rather than trying to get too creative and too clever, he has stuck with a model that works because of his simplicity, and as such has been able to build an enviable portfolio that many people pursuing ‘creative’ strategies can only dream of.
Biggest Difficulty
When you keep your model simple, there’s not much scope for things to go wrong. Obviously properties have problems over the years – things like boilers breaking down or not noticing damp during the purchase process – but Jesse expects these to crop up from time to time and 12 months down the line, the problem is always a distant memory.
What’s Your Favourite Book?
[button icon=”hb-moon-book” special_style=”no” color=”carrot” size=”” three_d=”yes” title=”Click Here for Your Free Audiobook” link=”http://www.kqzyfj.com/click-7742959-10449428″ new_tab=”yes” animation=”” animation_delay=”” class=””]
The Richest Man in Babylon – George S Clason
Jesse Fossey Taylor’s Links & Resources
FosseyTaylor.com – Find out more about Jesse’s main property business, and book on to one of his Nottingham discovery days