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11:01 AM, 6th March 2014, About 10 years ago 17
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If you’d have been on the front line with active property investors in 2008 when the market fell off a cliff you’d have seen virtually every investor in the market either gunned down or white & pasty with fear and panic.
Debt/money stuck in properties, remortgaging-‘free’-money-out now completely dead, the millions borrowed to buy properties for nothing disappearing as the prices fell vertically and well respected investors going bust like popcorn – one-after-the-other-after-the-other, just like the US banks.
But that brought about a once-in-a-lifetime [& slightly weird] opportunity that creative investors have cashed in big on in the new investing age, but back to that in a minute…
So I watched through a window like a peeping Tom as this all kicked-off; being too young/new/naive enough to know what it really meant ….
UNTIL NOW!
Like an Apocalypse the market was wiped clean, the rubble moved away and everyone started again.
Everyone was in then out.
The start up newbie equal to the Guru’s, Goliaths & pension funds and it created the most fertile soil for the best results based property investing we’ll ever see for at least two decades either side of 2008.
You see the ideological dream for any property investor is to *buy-low-sell-high*
Or if you have a hold strategy; *buy-low-for-income-hold-forever*
That was never the reality pre-crash, because prices were too high and yield/income was too low/negative.
Everyone was buying ‘free paper money’ and raising 100% debt just because they could – it wasn’t real.
But now, and/or just before the property market starts to go crazy again, you really can buy at realistic prices, with genuine discounts from motivated vendors, with net cashflow/incomes, that rent fast and have room to grow.
In other words – the time you have been waiting for is HERE AND NOW!
In fact it’s been here and now since 2008, but the main problem [until now] for most Voyeurs sitting on their hands has been lack of finance and waiting for some kind of confidence or recovery.
So what are they/you waiting for?
The sun, moon and planets are aligning my friend. NOW!
People are now moaning that prices are too high
They’re now moaning about over confidence & over competition.
Everything they prayed for came true and they’re still not happy.
In a decade of investing, seeing a full cycle in the market, and chewing the fat with my partners and mentors who’ve seen 3 full cycles, we are in unanimous agreement that this is the full eclipse
This is the best, most planetary aligned opportunity we have ever seen in decades.
Prices are still low enough.
You can still get good discounts, even in London, even if you think you can’t.
Finance is loosening, every Entrepreneur/Angel/Investor wants to lend you money the banks won’t pay interest on.
The properties still cashflow [until prices get too high].
There’s a huge housing shortage so rents are strong and voids are low.
Prices are starting to shoot up so people are making big money again with very little work with remnants of the pre-crash free money.
We’re in a very unique worm-hole market, and the opening will not last forever. The consensus prediction from the
smartest investor minds I know who are actually doing it is that we have 24 months or less to really cash in on this unprecedented opportunity.
So what are you going to do my friend?
Are you going to be like most others who are waiting for the perfect opportunity that you miss them all?
Are you going to let those excuses of time/money/knowledge rob you blind of your biggest chance of your life to make those income and lifestyle dreams come true?
Or are you going to jump? Jump without being 100% ready, with one eye closed one eye open with perhaps some blind faith that you can do it too.
You can do it now!
Without all the proof but with all the belief and opportunity.
When all is said and done, more is said than done – so what are you going to do?
We’re with you all the way my friend.
This journey is exhilarating, if a little fast and frenzied.
But you’re about to condense a decade or two of ‘normal’ results into 12-24 months, and then the worm-hole may shut for another 20 years.
Go do something.
Don’t wait.
All the best.
Rob Moore – Progressive Property
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Mark Alexander - Founder of Property118
9:54 AM, 7th March 2014, About 10 years ago
Reply to the comment left by "Don Holmes" at "06/03/2014 - 22:42":
Hi Don
To varying degrees, differing by location, I would generally concur with all of those points.
Vanessa makes a fair point with regards to "due diligence" - it is vital of course. However, I wouldn't necessarily expect anybody to balance an article about due diligence with the information and passion shared in Rob's article. The Property118 forum itself is the balance. We talk a lot about due diligence, problem solving, tax, legal issues and a variety of other issues which are important to established landlords - I think that's why I found Rob's article so refreshing.
The reason we all got into property was due to somebody or something giving us a spark of interest which lead to action and our passion. Without that starting point we would never be where we are now.
It is only 25 years on that I now realise how little I knew about property investment and landlord and tenant relationships. If all I have focussed on 25 years ago was what could go wrong I might never had got into this business. Thankfully I was blissfully aware. I learned several lessons the hard way as there were no online resources like Property118 when I started out.
Given the market conditions and the additional online support now available I would say there has never been a better time for somebody to start building a property portfolio. That said, I am still very pleased I started mine 25 years ago 🙂
.
10:36 AM, 7th March 2014, About 10 years ago
Hi Mark,
Sorry, but I am struggling to understand how you can say P118 is the balance when you attempted to discredit my input and stated how disappointed you were that not everyone agreed with Rob.
It's precisely because of the mistakes I made that I temper the flowery rhetoric with a few bites of reality.
Property is not for everyone and only those willing to take on risk should get involved. The very word "entrepreneur" is defined as someone willing to take on risk.
It's because of the many mistakes I made myself through jumping in because of believing hype that I caution others and warn them that the price of ignorance and lack of due diligence in property is something that none of us can afford.
As Progressive provide education to investors I would imagine that this is one of the key selling points of their educational service! i.e. work with us to learn how to avoid the many pitfalls ... so I am not sure why there is an apparent division of views in this regard as I support that message ... although its not the message portrayed here.
10:48 AM, 7th March 2014, About 10 years ago
P.S. as edit time elapsed:
With regards to the London market, the latest Knight Frank Wealth Report says its the No. 1 city in the world for property investment for overseas investors. Couple that with unrest in the Ukraine resulting in people wanting to stash their money in a safe haven, and you have the potential for a very dangerous market being forced up by the ultra rich. This is my reasoning why smaller investors should exercise extreme caution.
If the property market in London later collapses, it will be water off a duck's back to the super rich, but a smaller investor could be hung out to dry.
Mark Alexander - Founder of Property118
11:00 AM, 7th March 2014, About 10 years ago
Reply to the comment left by "Vanessa Warwick" at "07/03/2014 - 10:48":
Hi Vanessa
If it helps, please take a look at the due diligence I recently did on a property in Charlton >>> http://www.property118.com/double-digit-returns-on-london-buy-to-let/61084/
I didn't buy because I decided some time back that I already had enough. If I was still in the market I would have been seriously interested in doing this deal though, regardless of whether I could buy it BMV or not.
As you know, my brother is very much into refurbishment and flipping of bungalows. He's doing really well but he hasn't purchased a property below the asking price in the last two years. He's even lost out on deals where his sealed bid at 20% over asking price wasn't enough! My point is this, some deals can still be done BMV but that's not the only way to make money from property in the current market.
.
14:21 PM, 7th March 2014, About 10 years ago
Yes I am fairly well educated with a CompSci degree and a fair amount of experience. The immediate thing that struck me about the article is that it wasn't really about being a landlord, what was said was too general. Taking out the odd reference to property, if that article had appeared on a shareholder site or a site dealing with selling high value cars then it would have been just appropriate. It was all about property investment and opportunity which, although part of our motivation for being a landlord, is only just a part of it. If just making money was our goal then we'd be buying shares which is as risky but without the hassle. Vanessa was right in that the word tenant was not mentioned once and I've always found her views helpful so you having a go at her as you did was a little out of order. Just from the tone of the article, nothing personal involved as I don't know him from Adam, then I would have classed him more in the boiler room scam area than the professional sales area. Remember, I have said just from the tone of the article. Perhaps if his article had been a bit more relevant to us as landlords then I might have accepted what he had to say. Please Vanessa and Mark calm down the comments - it appears that you are both getting entrenched in your views and nothing is really being gained in your posts.
ABU AZAM
15:08 PM, 4th June 2017, About 7 years ago
I think this is an informative post and it is very useful and knowledgeable. therefore,
I would like to thank you for the efforts you have made in writing this article.
ABU AZAM
15:09 PM, 4th June 2017, About 7 years ago
Thanks, great post. I find your opinion quite interesting, but the other day I stumbled upon a completely different advice from another blogger, I need to think that one through, thanks for posting.