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…
Estate Agents (Part 13) Over the past couple of months, we’ve been thinking about how and where to find our property deals. We’ve looked into buy to lets, flips, serviced accommodation, rent to rents and commercial conversions – but, what approach should we take if we’re looking to undertake some of the more creative…
Estate Agents (Part 12) It’s time to think about commercial conversions and how to find deals that will fit this strategy – but first, I want to think about why we would want to do commercial conversions in the first place. After all, from the outside, these sound like big deals and a lot…
Estate Agents (Part 4) We’re still thinking about how to find deals through estate agents and just to recap, one thing which I would definitely recommend (in fact, it’s an absolute “must”) is that you go and physically be present in an estate agent’s office. Really, you should stop by ALL the agents’ offices…
Property Strategies (Part 8) We’ve been thinking about the principal property strategies that we can use in today’s market and this week we are going to think about one of the most exciting property strategies out there – developments. There are many different ways that we can approach a development and they can…
Property Strategies (Part 6) In this series of blog posts we’ve thinking about the main strategies that we can use in property – and whilst this isn’t something that I pursue personally, this is worth thinking about as it can generate exceptionally good returns. The strategy in question is “Serviced Accommodation”. Serviced accommodation…
Property Strategies (Part 5) This week we are going crank it up a notch and take a look at how to be more creative in our investing. For example, using “options”, delayed completion and other innovative ways of structuring deals. Now, whilst some people ONLY follow creative strategies such as options, I prefer…
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…