Listen to this episode below:
Shaun is by far the youngest guest on our property podcast to date. At only 23 years old, he has created a significant passive monthly income from property using rent-to-rent and purchase lease option strategies.
He now has over 100 units, and a wealth of experience managing properties with professionals, student, families and LHA tenants. He also flips properties and helps other investors achieve their own property goals.
What’s Your Favourite Book?
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The 4-Hour Work Week – Tim Ferriss
Shaun met a wealthy landlord from London who was tired of dealing with his property in Liverpool. It was 4 separate flats that Shaun has agreed a lease option on and now makes more from this single 18 bedroom property than the average UK salary.
Continuing with the lease option theme, they agreed another deal but this time in an area they weren’t familiar with. Needless to say, things didn’t go to plan and they ended up losing £5,000 on it, but thankfully they had a clause in the agreement that allowed them to hand it back before they lost any more money.
Shaun’s Links & Resources
www.prosperbyproperty.com – Shaun’s own website, blog, and where you’ll soon (hopefully!) be able to download a copy of his free e-book on everything you need to know about lease options