I once read a lender's valuation report on one of our deals, and the valuer didn't like that our company name had the word "Club" in it, or "Sourcing". They're not fans of sourcers, deal sourcers or property clubs. That was only one valuer's opinion, but if one thinks it, others will too. So when you're picking your name, go for something that sounds more like an estate agent. For example, James Property Estate Agency rather than James Property Club. And remember, you can have trading names too. So don't stress if you've already set up your company. What names have you all gone for? Comment 👇 James

Have you thought about how you'll accept payment for your sourcing fees? Stripe is the most common way. They take a fee on every payment, so you'll need to set it up and factor that into your numbers. Here's what that looks like on a sourcing fee: Stripe (UK card): 1.5% + 20p On £3,000, that's £45.20 On £6,000, that's £90.20 PayPal: 2.9% + 30p On £3,000, that's £87.30 On £6,000, that's £174.30 Bank transfer (BACS or Faster Payments): usually free, or close to it, with most business bank accounts. So for a big fee paid on completion, a simple invoice and a bank transfer is the cheapest option. However you’ll find some investors who may prefer a more secure way (e.g., stripe). We use stripe and BACS mostly! James

I'm starting out in property and opened up the trading company and compliance. Ready to find and sell quality deals. Looking to put learning into practice and generate cash flow to invest into holding assets for wealth consolidation. That's the plan!