The Inside Property Investing Podcast | Inspiration and advice from a decade investing in UK real estate - Why Failing To Hit His Goal Was the Best Thing for His Business, with Stuart Lordan

Why Failing To Hit His Goal Was the Best Thing for His Business, with Stuart Lordan

07/19/23 • 43 min

1 Listener

The Inside Property Investing Podcast | Inspiration and advice from a decade investing in UK real estate

6 years ago, Stuart Lordan joined me on the podcast with plans to reach 100 HMO rooms within 12 months. Today he’s back to say that he failed to reach that goal, with about 80 rooms in the portfolio at the time of recording, but instead of pushing for growth at all costs to achieve those 100 rooms, he’s instead managed to build a stable business with solid financials, retain freedom and flexibility in his own life, and diversify into other areas as well.

He’s learnt a lot along the way, but possibly no more important lesson than realising things don’t always go to plan, and that’s okay. You can be a success despite your failures, in fact maybe only because of them.

********************
Welcome to the Inside Property Investing Podcast with Mike Stenhouse. You're in the right place if you're looking for practical advise and inspiring stories to help you build a thriving property investment business and create more freedom in your own life.
Start your application for the IPI Mastermind >>

See what we've got going on right now to help you succeed - https://go.insidepropertyinvesting.com/podcast-links
Get more advice and inspiration on your favourite platforms:
Instagram: @InsidePropertyInvesting
Youtube: Inside Property Investing
Facebook: Inside Property Investing
Newsletter: InsidePropertyInvesting.com

Previous Episode

Outsourcing Your Property Business, with Latoya McDonald

I was thrilled to be invited on a podcast with Latoya McDonald recently, and we had a chat about all things systems, processes and outsourcing in our own property business, particularly around how we were able to build a team that allowed us to go travelling around the Med for the last four years.
Now those days are behind us, but the lessons are still super valuable if you're looking to create more time freedom in your life from your property business.

Next Episode

How I Built A Property Portfolio To Travel The World, with Jack Smith

Today’s interview is from a discussion I had recently with Jack Smith for his podcast, from the ground up. I’ve been sharing a few of these podcasts recently where it’s someone else asking me the questions, and I wasn’t sure to begin with whether you’d find them valuable, but the feedback has been super positive as the spotlight is turned on me and my business, and how we built things to the stage they’re at now, which we don’t often share here when it’s me asking the questions.

In this episode, Jack and I discuss the foundations of our portfolio, and how we focussed on HMOs to give Victoria and I the freedom to step away from our days jobs initially, and then more recently to step away from life in the UK to spend 4 years travelling.