A Sourced Property Partner has secured 3 below-market-value BRRR projects just two months after joining the network.
Adam joined Sourced with a clear goal: to build a property portfolio.
He did not have property experience or an established network, but with the support of the Sourced ecosystem, he has already started building long-term rental income through property.
Adam’s first property
The figures from Adam’s first property were:
- Below-market-value purchase price: £90,000
- Market value: £130,000
- Loan-to-value: 95%
- Refurb cost: £10,000
- Projected value: £150,000
By working with our in-house brokerage, Sourced Financial Services, Adam was able to secure funding against the property’s market value.
This meant he only needed to fund a 5% deposit, helping him keep more capital available for the refurbishment and future opportunities.
As a Sourced Property Partner, Adam also paid no broker fees.
Why the Sourced ecosystem matters
Building a property portfolio takes more than finding a property.
You need to understand the strategy, assess the numbers, access the right funding, complete the refurb and plan the exit properly.
That is where the Sourced ecosystem makes a difference.
Sourced Property Partners have access to training, tools, funding support, investor connections and specialist guidance to help them build their property business with more confidence.
A supported route into property
Adam’s story is a strong example of what can be achieved when ambition is matched with the right support.
He started with no property experience, but within two months, he had secured 3 rental streams and started creating long-term wealth through property.
For anyone looking to start or grow a property business, Sourced provides a supported route into the industry, backed by a wider ecosystem of property experts.