Franchise Focus A different path
Mike Anderson found a pension alternative with Platinum Property Partners INVESTMENT LEVEL: £52,970
not only did his pension provisions have to change, but his whole lifestyle too. “I realised that starting my own business would give me more freedom. Given that I’d also realised property was a viable option, I decided to combine the two.” Mike started to research the opportunities available. Thinking that buying into a franchise would offer a ready- made infrastructure, he started to explore franchises operating in the property sector. At this point, he discovered Platinum Property Partners. Within months of joining, Mike had completed his first property in Stockport, and a second seven months later. With two properties renovated and fully tenanted, Mike bought his third in September 2011. Reflecting on the amount of equity he has acquired since becoming a Franchise Partner (PPP’s name for franchisees), Mike says: “I would never have achieved this level of financial security if I had stayed within the corporate environment, paying each month into an underperforming pension. Now, not only do I have a healthy monthly income, I am also building significant capital by redeveloping properties.”
Mike Anderson P
latinum Property Partners (PPP) is a property investment franchise, providing specialist expertise and support to enable you to purchase, adapt and let out your own profitable
residential property portfolio. Launched in 2007 by Steve Bolton, PPP is considered to be the fastest-growing premium franchise in UK history. There are currently over 180 franchise partners operating in 90 towns and cities across the UK. The company is a full member of the bfa and is the UK’s leading provider in this sector. It was a long overdue review of his pension plans that started Mike Anderson’s journey towards building a property portfolio. Following his departure from a high-profile role in an American automotive corporation, Mike Anderson took stock of his financial position as part of the process to determine his next career move. The results shocked him.
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Businessfranchise.com | April 2014
When he analysed his pension statements, it transpired that after 20 years of contributions, it was worth exactly what he had paid into it. By contrast, Mike had his home valued for remortgage purposes around the same time and it became apparent that the amount it had appreciated over the last eight years was double the amount of his pension investments. “It made me realise that I had to do something different, and quickly,” says Mike.
Another driving force for pursuing an opportunity in property and not going back into the corporate environment was a conversation with one of his children. When Mike explained to his 11-year-old that he was looking for a new job, his son asked: “Dad, is this the job where you stay at home? I miss you”. Having spent the previous 20 years working 80-hour weeks and spending a considerable amount of time away from home, Mike realised that
He continues: “But the best thing is that I now have a lifestyle I could never have achieved previously. My wife and I now have the time to nip for a coffee whenever we want, and if the family want to go on holiday, these days it’s a question of how long would we like to be away for, rather than can I get the time off.” An average property in a PPP portfolio will generate £17,000 gross profit per annum from rental income alone. You own the properties, so the income keeps coming in longer after your commitment to PPP has expired. If you’re interested in replacing or supplementing your income and want to ensure your pension provision provides you with financial security, PPP can help you. Fill out your details using the link below and a member of the partner recruitment team will contact you:
http://pppl.at/bfm-apr.n
PLATINUM PROPERTY PARTNERS
WEBSITE:
www.platinumpropertypartners.co.uk EMAIL:
info@platinumproperty.co.uk PHONE: 01202 652 101 CLASSIFICATION: Property investment
Investment: £50k-£100k
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