Have you ever made the same mistake I did – and set the rent too high?
I remember when one of my first properties became vacant some years ago. I carefully researched the local rental levels on Rightmove and all the 3 bedroom properties were marketed at between £575 and £599 per month. Mine was in good condition so I asked £599. Several viewings and three weeks later I secured a new tenant, who moved in a month after that, and I congratulated myself on doing such a good job. Continue reading Portfolio landlord reveals secret strategy to reduce voids
Read part one of the what the why
Armed with your investment budget you are ready to go in search of property bargains. You must look for areas of value where price corrections have been overdone, areas where prices have been dragged down by a greater number of bank repossession properties. Today such areas mainly occur in greater numbers in the North.
Property value is best illustrated by looking at The Nationwide first time buyer gross house price to earnings ratios. Continue reading Putting it all together – The what, the why part 2
Firms buying homes and renting them back to struggling home owners who are often trying to avoid repossession have stopped trading after a Financial Services Authority investigation.
The FSA says most of the schemes should never have been sold as they were either unaffordable or unsuitable solutions for homeowners.
The schemes were marketed under several different labels – below-market-value deals, sale and rent back or sale and leaseback. Continue reading Ban for ‘Unfair’ Sale and Rent Back Firms
Following on from yesterday’s Property Investment Strategies part one.
Assignment of Contract
With “Assignment of Contract”, when done correctly, you don’t even take title of the property. It works like this. You close a deal on a below market value property, then you sell or assign your right to buy the property to another buyer at a higher price. The difference in price is your quick profit. Continue reading Property Investment Strategies – Part Two
It’s a fact that more millionaires attain their wealth through property than any other type of investment, so by that virtue it makes sense for at least some of your investment portfolio should be in property. However, you need to exercise caution, people can- and have- lost huge amounts of money in property when their investment strategy was wrong.
Before we look at how to build a balanced property portfolio with no risk, we need to look at what property investment strategies are available. Continue reading Property Investment Strategies – Part One
Buy to let property club fraudsters who raised more than £1 million from selling shoddy properties at inflated prices have picked up jail sentences.
The con-men ran three property firms in the North West and scammed investors into parting with their cash on false promises of guaranteed rental incomes on below market value homes. The three men involved were sentenced at Manchester Crown Court. Continue reading Buy to Let Property Club Fraudsters Scammed £1 million
Understanding Property Cycles; the Key to Property Investing
Firstly, I would like to wish all readers a very happy and prosperous New Year. “The Property Maverick” goal is to help you make this your best and most prosperous year yet. So let’s get started on your 2012 property journey.
Timing is not everything, but time is as property is seldom a short term investment; unless that is you have the property knowledge. My task as “The Property Maverick” is to furnish you with all the property knowledge you need so you can make the right decisions at the right time. Remember, the difference between success and failure really is down to knowledge, or the lack of it. Continue reading Understanding Property Cycles; the Key to Property Investing
Home prices at auction sales are almost 40% less than average property prices reported by major mortgage lenders.
November figures for homes under the hammer show the average price of the 1,098 homes sold under the hammer was £103,477 – up 1.12% on the £102,322 average 12 months ago. Continue reading Auction Homes Sell for 40% Below Market Value