What about Proof of Funds? When do I get a DIP (Decision in Principle)?
What do I do about Proof of Funds?
When do I get a DIP (Decision in Principle) for my Buy to Let?
Do I find the property first?
Or do I get the DIP first?<
What do I do about Proof of Funds?
When do I get a DIP (Decision in Principle) for my Buy to Let?
Do I find the property first?
Or do I get the DIP first?<
But could he be someone who controls property without owning it, but can receive the benefits of ownership anyway?
Yes, there are ways of doing that.
There are a number of cheap, low money, not much money required, No Money Down, entry point strategies which he could use, even if he has no money, or limited funds.
I had a really interesting question from a viewer on YouTube asking whether the mortgage on his home should be interest only (to help his cash flow and so he could allocate more funds to his buy to lets).
I would like to find out a little more about a joint venture, preferably on a BRR approach than a straight loan. Roughly, how would this work:
a) find a deal and then find a JV to match the deal
b) find a JV partner and then find a deal together.
I’m quite often asked, “Peter, can I borrow the deposit money for my buy to let, and finance the rest on a buy to let mortgage?”
Or, alternatively, I’ll be contacted by someone who says, “I’m about to buy a property with a buy to let mortgage and I’m borrowing the deposit from my friend/business partner/ JV partner who I met at the local property network meeting”.
I’ve had a great question from one of my mentees…. Hi Peter, I would like to find out a little more about a joint venture, preferably on a BRR approach than a straight slip. Roughly, how would this work: a) find a deal and then find a JV to match the deal b) find a…
So, I was pretty excited to jump on the train, and headed off with the usual agenda.
We’d talk about the “Three Rs”; rents, repairs, and refurbs..
We’d look at a couple of the buy to let properties, typically where tenants have just left, and agree
If you want to make more money in property investing, more quickly, here’s three things you can do:
Number One – buy a property for l
A question I’m often asked is, “Should I tell the estate agent I’m a cash buyer?” The premise behind this question is, no doubt, estate agents think a cash buyer will transact a deal quickly and with less hassle as, in their minds (experience) mortgages take longer (too long) to arrange. So, a cash buyer…
Download Your Free Special Report: Top Ten Tips For Property Renovation Profits Renovating property can be a very profitable strategy — but only if you know what you’re doing before you start. A lot of people look at tired houses and flats and think, “There must be a profit in that.” And sometimes there is.…