Message from Samuel

As important as it is to take massive action, I want to remind everybody of some serious lessons around risk assessment. Please read and memorise.

1) don’t buy from deal sourcers unless you’ve done it yourself first.

2) carry out serious due diligence before signing any contracts

3) always have a break clause in Rent2Rents

4) never underestimate the power of personal guarantees

5) only do business with PIMS members

6) book mentor calls regularly

7) get credible investors to check your deals for blind spots before signing contracts

8) always look at worst case scenario and don’t borrow money you can’t afford to pay back

9) have limited companies for limited liability and never buy assets in a trading company

10) always have exit strategies for every deal and jv partnership

11) never pay or receive money without a contract

12) don’t take on too many new properties at once. Build steady.

Hope these are helpful. Study them.