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Steve is a successful entrepreneur, best-selling published author and Founder of Platinum Property Partners. Having made his first million before he was 30, Steve encountered financial difficulties like many other business owners during the downturn of 2001. In this week’s property podcast, he explains why his ‘best worst experience of his life’ was realising that his home saved him from bankruptcy.
Through extensive research and development, he discovered the robust residential letting model of premium ‘Houses of Multiple Occupancy’ for young professionals and set about building his own portfolio. After three years he had built up a £6 million portfolio and achieved lifelong financial security. He then focussed on his passion for mentoring others and decided to franchise the tried, tested and proven business model to others.
Platinum Property Partners was launched in 2007 and has since become the UK’s fastest growing premium franchise in UK history. More than 200 Platinum Property Partners have purchased over £200 million of property since 2007. Steve’s vast experience in the sector has led to him becoming an industry-leading speaker and commentator in national press and on TV and author of the highly-acclaimed book, ‘Successful Property Investing: How to earn £50,000 to £150,000 in two to five years’.
What’s Your Favourite Book?
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Steve purchased their company head office a few years ago for £1,000,000 which was valued at the time at £1,450,000 – an immediate gain of £450,000. It now houses 28 companies, and has planning for 12 apartments. He’s also very proud of the first ever HMO he purchased, which started the whole PPP journey.
Losing £20,000 on a house he was going to buy, as a result of having the wrong professional advisor. A painful lesson but one that has served him well since.