Real Estate Investor Magazine South Africa March 2015 | Page 56

london London Calling A sound investment James Glew talks about why he became a Chartered Accountant and how he helps his clients obtain finance for investment ventures in the UK. Q: How did you become involved in the property industry? A: “I have always been attracted to property as an investment vehicle. I was looking for an investment vehicle which produced monthly returns on a fairly passive basis. Being a Chartered Accountant and ‘selling hours’ with many of my professional clients, who were also doing the same, I can see that many of my clients wanted to build up a property portfolio that will generate a monthly passive income separate from their profession. The lesson was not learnt on the first property investment, it would have been nice if this was the case but in work – then take action quickly. Procrastination will kill any potential deal.” Q: Who do you consider to be your most important mentors or role models? A: “There are many people who assist in putting together a successful project. It is a team effort; each party has a role to play. I surround myself with a good team and with individuals whom you can rely on and trust.” my case I only learnt it many years afterwards. The future revenue stream is significantly more valuable than the short term capital gain that can be obtained by selling the property. Do not be tempted to take the short term profits by selling a good asset.” Q: What has been your most significant property deal? A: “There is no one single project that stands out, as each one has its own story. However, the one common tread is to take action, do your due diligence, make sure that the numbers Q: What is your life investment philosophy? and A: “Be excited by what you are doing, it is critical for longevity in the property business. Do not sweat the small stuff.” Q: What motivates you? A: “On a work front, it is putting all the various parts of the project together, ensuring they all fit together; property, finance, legal, investors etc. When they all align in a common goal its exciting. Making sure that it is profitable for all parties involved and that we have fun while we do it.” RESOURCES InVenture Property Projects 56 March 2015 SA Real Estate Investor www.reimag.co.za