One of the (many) things I have discovered that holds (beginner) property investors back, especially at the beginning, is not knowing what it is they want to achieve in property and why. That might sound nuts. After all, we all know what we want to achieve in property, don’t we? A bit of extra income?…
Refurbing (renovating) a property is a “property fundamental” which will really speed your success. It will help to increase the value of the property, and with it your equity, the rental value, and increase your chances of getting a favourable revaluation when you refinance. It’ll also help with sale-ability should you ever need to exit,…
There are something like 1400 different buy to let products available so, no matter what your circumstances, there should be a bank somewhere who will lend to you. In this video we’ll look at what banks principally think about when deciding whether to lend. Here’s to successful property investing Peter Jones B.Sc FRICS Chartered Surveyor,…
Having found a suitable property – or preferably whilst looking for a suitable investment property – you will then need to look at financing your investment. There are many ways to finance a property, but let’s assume you plan to approach a traditional lender. This poses the question “what do lenders look for when they…
What do we need to do before we buy our first buy to let investment property? Surely all we need to do is go down to the local estate agents, choose one, and buy it? Sadly, that is how some people treat property investment and perhaps, not surprisingly, they are the ones who are most…
Many new investors are often confused about what to do next having decided upon a possible investment area or areas. A classic mistake is often to jump in and start researching properties for sale with a view to identifying a specific property for purchase. This is NOT the first thing you should do. Researching which…
BMV sales themselves can set the tone of value, rendering the price paid the true value and not a discounted value. This concept is heightened when buying property from developers, particularly with regard to buying off plan. With this in mind, in this video I consider whether it’s truly possible to buy a property at…
Last week we took a look at how many inexperienced property investors assume that asking price equates to value, and how many believe that they are buying below market value when in reality they are probably buying below asking price. We also discussed how the main flaw in buying BMV is that market value is…
Many assume that a property’s asking price equates to its value. It doesn’t, or at least, it might or might not, and it’s important not to assume that the asking price reflects the true market value. In this video I take a look at the major flaws with BMV and consider why valuation is an art, not…
When starting out in property it’s easy to believe that it’s all about buying below market value; after all, no self-respecting investor would attend a property networking event or post on any property forum if they weren’t negotiating furiously for 20%, 25% or 30% discounts from market value. But as I’ve mentioned before, although we…