Sourcing BMV Properties – Landlords Question
Hi Mark (and all Property118 readers who may wish to chip in with an answer too)
I am reading lots of really good articles on your website. Great information! Your article on Richard Baker inspired me to target Northampton, thank you for that.
I actually live in London and really only have Saturdays to travel to Northampton and view properties. I was considering locating a local sourcing agent to help me (I am keeping up with Richard’s recommendations). I read your article on sourcing agents and how some mortgage brokers don’t want to lend to people where the property has been sourced through an agent.
My question is, the article was written back in 2011, has this taken hold with many lenders? Apart from Estate Agents, where else would you recommend I source BMV properties in Northampton?
I hope you don’t me asking you these questions.
With kind regards
Sondra
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Member Since May 2014 - Comments: 15 - Articles: 1
1:49 AM, 4th February 2013, About 13 years ago
Thanks Vanessa, i really appreciate your advice here. Thanks for steering me to the BMV Bombshell thread, very informative, and the 7 simple steps. And thanks especially for your offer of assistance, I would be more than happy to contact you for advice!
Comments: 6
7:13 PM, 4th February 2013, About 13 years ago
I get two or three enquiries from investors each week asking
if I can help them find something here in Oxford. Oxford offers low risk but fairly low yield
on the whole, and for some, Oxford represents a safe place for those seeking
to hedge against the more high risk parts of their portfolio.
We have now set up http://www.facebook.com/OxfordLandlords?fref=ts where we can post
property that we think offers reasonable yield and best possible capital growth
potential. I agree that forming a relationship with a safe letting agent is the best
way to get to know an area………. when you are clear about what you are
looking for, contact the sales agents, where you may to choose to be a little more fuzzy
about your agenda; if they believe you are looking for a property to flip and
think you are going to offer them a resale after improving the property they
will always work hard to find you a jewel!
Member Since January 2011 - Comments: 12217 - Articles: 1412
10:54 PM, 4th February 2013, About 13 years ago
Hi Sondra, just to let you know that Vanessa is one of the most genuine people I know. Sadly she regularly gets attacked by unscrupulous oysters on a variety of forums for speaking her mind in an attempt to clear up our industry. I mention this as forewarned is forearmed.
Member Since January 2011 - Comments: 12217 - Articles: 1412
4:13 AM, 5th February 2013, About 13 years ago
Hi Mark
Please call me on 07834 754 223 about writing a Buy to Let Hotspots article for the Oxford area. I only ever hear about the downside of Oxford and it’s Article 4 planning restrictions and selective licensing schemes. It would be nice to produce an article featuring the upsides too.
Member Since May 2014 - Comments: 15 - Articles: 1
12:24 PM, 8th February 2013, About 13 years ago
Thanks for letting me know!