When Harry joined Sourced, he had no property experience and no portfolio.
Three months later, he has already secured his first investment property and taken the first step towards building long-term wealth through property.
Harry's first property
The figures from Harry's first property were:
• Purchase price: £39,999
• Market value: £56,000
• 28.5% below market value
• Planning to refinance at 75% loan-to-value
• £0 personal capital tied up in the project
• Ongoing monthly rental income
But the numbers only tell part of the story.
Harry found the opportunity through another Sourced Property Partner, highlighting the value of being part of an active network where deals, knowledge and opportunities are shared every day.
The power of the Sourced Network
Property can be a lonely business when you're starting out.
Many new investors struggle because they have nobody to sense-check a deal, answer questions or share opportunities with.
That is where the Sourced ecosystem makes the difference.
Harry's deal came through the Partner network, was analysed using our in-house deal calculator and supported by the Sourced HQ team throughout the process.
Alongside training, technology and funding support, every Sourced Property Partner becomes part of a nationwide community that helps each other find opportunities and move forward with confidence.
A supported route into property
Harry's story shows what can happen when you have the right people around you.
He joined Sourced with no property experience, and within three months had secured the first property in his portfolio without tying up any of his own capital.
For anyone looking to build a property business, Sourced provides more than education. It gives you a network of experienced Property Partners, expert support and proven systems to help you achieve your goals faster.
Author
Chris Kirkwood
