Neil Mansell
A Business Studies graduate, Neil has been investing in property in Chelmsford since the end of 2005, following PPP’s strategies, and presently has 15 cash-positive PPP buy-to-let properties. As a PPP Franchise Partner, he is continuing to grow his portfolio, while mentoring other investors and supporting them in taking their own property businesses forward.
In 2005, Neil was working as a business development manager in the city, earning £35k and dissatisfied with his job. In late 2005 he undertook a mentoring programme with Steve Bolton. His first property gave him an monthly gross profit of over £700 a month. He spent 13 months building up his property business part-time until, in January 2007, he was able to give up his city job and move into investing full time, as the surplus rental income from his properties had matched his salary. When the PPP franchise launched in 2007, Neil joined as one of the first ten Foundation Partners.
After Neil bought his sixth property, he was in a position to be able to employ a property manager, after his ninth, a part-time Finance/Admin Manager, and he has recently taken on a third member of staff, which has allowed him to spend more time concentrating on finding new properties and developing and diversifying his portfolio. His last three purchases have been acquired at more than 30% below their true market value; all are cash-positive, single-occupancy lets. Neil continues to expand his portfolio using passive investors’ funds and rarely has to put any of his own capital into his purchases. This was a core part of Neil’s strategy and he has been able to grow such a large and profitable portfolio using PPP’s support in helping him find, convert and structure win-win deals with passive investors.
Says Neil, “Being involved with PPP has not only developed my knowledge of properties and property investing but also helped me to develop me as a person and business owner. Learning how to invest in a professional way is a skill, which will always keep me ahead of the masses. I have learnt that you do definitely get out what you put in, and I have put in a lot of time and effort to make my business work. I am already enjoying the benefits of that, and will reap additional rewards in the long term through the capital growth of the portfolio. At my age, I don’t often think about pensions but my future in that regard is already sorted!”
Outside of property, Neil enjoys working with a personal trainer to maintain his health and fitness and also takes a break once a month to get away or simply spend time with his friends and family.
Neil Mansell, has now published his first book entitled Wage Slave to Financial Freedom: How the Right Property Investment Strategy Helped a First Time Buyer Escape the Corporate Rat Race - Find out more
