22:19 PM, 6th August 2012, About 10 years ago 1
I am a partner in a 4 person deal owning 8 properties as a Ltd Co, and I thought its worth mentioning how it came about…
I decided after a small windfall some years ago that property was an option, to minimize risk I opted for a partnership with a couple we know.
A friends house came up by chance (with a tenant) which we bought, this kick started my interest which led me to your old haunt The Money Centre.
I followed your articles for some time before looking for other properties, then I ended up at one of your seminars at Aston Villa Football Club ( I live in Walsall) where I watched you talk about houses, cars, holidays and all those ” too good to be true” things, however it did make me think.
To cut a long story short we all ended up getting an offset mortgage on our own houses with Woolwich, then strategically maxed out all the interest free credit cards on offer to offset my loan, and proceeded to buy more properties on the back of it.
The system clearly worked but I can tell you there were a lot of people at that seminar who couldn’t see it ! too bad eh?
After we had got around 4 houses I did attend one more seminar and proceeded to tell everyone on my table that it does all work if you play by the rules…
Anyway….I too thought ” this guy is flogging something here” and maybe you were but it sure has changed our lives for the better, all our initial loans were via The Money Centre and we now have the 8 as I said, mortgages all eventually dropped off fixed to SVR …..1.25%…. hello ! and guess what…
yep…..I got the Merc drop top and a house in Spain !
Feel free to use this info in an article if you like……now then….exit strategy…be in touch.