Do I need a Contract to make Joint Ventures work? This week I had an interesting question pitched to me in three parts from a fellow investor. Can I recommend a solicitor who can write a contract giving the lender of the finance some security/confidence that I won’t run away with the money? First of…
If you don’t know the value in a deal then it’s unlikely you’ll make a profit. Paying too much for a property or alternatively selling it too cheaply will make or break a deal, and if you want to be successful you need to learn not to do either. So, let’s think about how to…
The best way to treat buy to let as a “business” is to plan for the long term. And, whilst it can sometimes be tempting to cash-in early and take your profit, you have to remember that the greatest benefits of property are obtained in the later years NOT the early years. To catch all…
A key adage in property is that you shouldn’t buy a property unless it’s showing, or can show relatively quickly, a positive cash flow – unless, of course, you have other reasons for doing so. If you’ve been reading my blog posts for some time now – or if you’ve studied any of my learning…
In the last series of videos that I shared with you, I looked at how to find properties to fit the various types of strategies. But, how do you buy the RIGHT property for your chosen strategy? After all, whilst this sounds obvious, the secret to becoming a property millionaire is exact that – buying…
10 Things I’ve Learnt (Part 10) This is the final instalment of 10 things that I’ve learned over the last 20 years of investing in property for myself, and the last on the list is this: You have to get started now. Although it sounds rather ironic, when I started out on my own…
10 Things I’ve Learnt (Part 9) This week we’re going to think about working with JV partners and what constitutes a “good” partnership. Over the past 20 years of investing in property for myself, I’ve come to realise that the quality of a JV is very much down to the individual partner rather…
10 Things I’ve Learnt (Part 8) This week we’re onto number 8 of ten things that I’ve learnt over the last 20 years of investing in property for myself, and number 8 is this: “Don’t try and do it all on your own”. It appears that beginner investors and entrepreneurs get struck down…
10 Things I’ve Learnt (Part 7) It’s impossible to know what’s going to happen to you in property; but what I’ve learnt over the past 20 years of investing for myself is that if you just keep going, everything will (usually) work out fine eventually. Regardless of how optimistic you are, you need…
TO SIGN UP TO MY NEWSLETTER, PLEASE CLICK HERE 10 Things I’ve Learnt (Part 6) We’ve spent the last five weeks discussing what I’ve learnt over the last 20 years, and number six on my list is that you can achieve more than you think you can just so long as you keep on…