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Investing in Manchester

Mike Anderson

I now have a lifestyle I could never have achieved previously

Mike Anderson
Franchise Partner

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 the direction of his next career move. The results shocked him.

When he analysed his pension statements, he found that after 20 years of contributions, it was worth exactly what he had paid into it. By contrast, Mike had his home valued for re-mortgage 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,” said Mike.

Another driver for pursuing an opportunity in property and not going back into the corporate environment was to spend more time at home. 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 hours a week and spending a considerable amount of time away from home, Mike realised that not only did his pension provisions have to change, but his whole lifestyle too. “I came to the conclusion 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.”

£161,268
Annual rental income
£78,335
Annual gross profit
5
Properties in portfolio

Mike started to research the opportunities available. Thinking that buying into a franchise would offer a readymade 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. Mike now has a portfolio of five properties.

Mike said: “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.” He continued, “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.”

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Our partners come from all backgrounds and walks of life. Why not learn about more of them?

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As her children had grown into young adults, Gertie found herself with increasing amounts of free time. Around the same time Gertie’s husband was made redundant, so there was a potential need for an additional income stream.

Meet Gertie

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After the financial crisis, Andrew and Julie Paris wanted to find a secure place for their money and get a better return on their investments. Tired of running his print business in Nottingham, Andrew was also looking for something new, something to challenge him and something he could do with his wife, Julie.

Meet Andrew and Julie

What to do next?

If you’re interested in earning a lifelong income and improving your work life balance by building your own property business, click below to receive more information.

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