In this episode, I interview Mike Lawson, an experienced property investor based in Dubai. Mike shares his insights on scaling a property portfolio and the benefits of focusing on specific areas. He discusses his family’s involvement in the buy-to-let market and their strategy of consolidating properties in two postcodes or Zipcodes. Mike also talks about his foray into commercial property and the advantages of investing in local businesses. He highlights the challenges of managing a portfolio from abroad and the importance of having a reliable team on the ground.
KEY TAKEAWAYS
Focusing on a specific area can make it easier to scale a property portfolio. By investing in a concentrated location, more deals come to you rather than having to chase them, creating momentum and making it easier to grow.
Investing in commercial properties can provide a more passive strategy compared to residential properties. Commercial properties often come with longer-term leases and fully repairing and insuring agreements, reducing the stress and hassle for the investor.
The residential market is currently facing challenges, with changing legislation, tax changes, and increasing regulations. This can make it difficult for small landlords to navigate and may lead to more institutional investors entering the market.
Expat finance can be challenging, but it is still possible to obtain mortgages as an expat. While there are fewer lenders available, working with a good broker can help navigate the process and secure financing.
BEST MOMENTS
“The great thing about scaling a property portfolio is the more you invest it, the easier and quicker it gets to grow.”
“You’ve got more deals that are coming to you rather than you having to chase deals.”
“It’s like a snowball effect. It becomes much easier to scale.”
“I think the resi market is a horrible place right now.”
“I think a lot of people are just looking here, there and everywhere to get whatever deal they can.”
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