I was talking to a property investor friend of mine the other day who was bemoaning the fact that rapidly increasing property prices in his area had made his buying strategy redundant, and left him in a dilemma as to whether he should even be buying and adding to his buy to let portfolio. Until…
Some times you just have to take action there and then! I went to look at a potential buy to let investment property the other day which was on a at a great price, didn’t need a great deal doing to it, but looked sufficiently bad for the vendors to quote a low price, and…
The interesting news for property investors is that property prices are more volatile at the lower end of the market than the house price indices suggest, meaning that it’s still possible to grab a really great property investment or buy to let property even whilst the market is recovering.
Is Your Lender About To Sc@w You?! I don’t know whether you’ve picked up on the Bank of Ireland/West Bromwich Building Society controversy. Long story short, both lenders have found, allegedly, small print in their Buy to Let mortgage contracts to allow them to add another couple of percent to rates payable on existing mortgages…
I don’t know about you but I think it’s exciting that we live in a world of constant change, when that change is for the better, of course! It’s an obvious thing to say but in many areas of our lives the pace of change is getting faster with every passing day. I was really…
I went to the pub last night with a fellow property investor who is also a good mate of mine. We often get together to chew the fat. This is part of the mastermind theory of having a supportive team around you. This shouldn’t just be a team of technicians: solicitors, accountants, mortgage brokers, but…
Price is only one of the terms you should be interested in when you are buying investment property and if you can agree one or a combination of several of the following, in some circumstances, it might even make paying more than the asking price more than worthwhile. Other terms to negotiate when buying investment…
Oscar Wilde once famously said’ a cynic is a man who knows the price of everything but the value of nothing’. Clearly in property it’s important to distinguish between the two. It’s sometimes said about property that the value is the price some one will be prepared to pay. That might be a little simplistic…
We can learn so many valuable lessons from what Oliver did and the attitude in which he did it. When he didn’t have the money for a deposit, he made sacrifices, mainly his time, and he worked for it When he had some money he took the opportunity to “do a deal” and to increase his…
Even a cheap property can cost a lot of money and so anyone thinking of taking the plunge in property investing need to give themselves the best possible chance of getting it right from the start. Once you sign your first purchase contract you’re committed and there’s no going back. If you make a mistake,…