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Carrying out property renovation or property developments can be a fantastic way to add value to your investment property business... especially in today's property market when the buy to let Landlord is under so much scrutiny. DOWNLOAD MY FREE CHECKLIST HERE... https://yourfirstfourhouses.com/ However it's ever so easy to get a property renovation wrong... especially in those early days when you're not sure of costings or when you don't have a brilliant builder. So today let me share 7 BIG Property Renovation Tips - that I'm sure will help you, regardless of whether you're a new Landlord just starting out... or at the mini housing development stage! I really hope you find these property tips useful and if you can add to my list I would LOVE to read your comments below the video. Many thanks... Tony Law | Your First Four Houses
Today let me share the 10 BIGGEST Property Investing Mistakes that new property investors tend to make when just starting out. Investing in buy to let uk based property investment for beginners has its challenges but you don't need to make the same mistakes over and over again and so here are my top 10! DOWNLOAD CHECKLIST... https://yourfirstfourhouses.com/ 1. Not knowing your investment objectives before you start investing. Are you looking for cash flow, long term capital growth or both? You need to decide what your investment objectives are before buying investment property, number one, and you then look for properties that align with that investment objective. 2. Waiting for the perfect property to come along. I am so guilty of this, that's what I started to do when I first started out. 3. Don't become a motivated buyer. By this, what I mean is sometimes people have a lump of money in the bank and they're eager to bu ANYTHING frankly! Having the money in the bank is wonderful, it gives you an opportunity to go out there and take lots of action and find a really good property - THEN do the deal. Don't think that you've got to spend that money TODAY. 4. Letting emotions overrule investment logic. I think that what you should be doing is using investment logic to decide whether you should buy that particular property. What do the numbers look like is the big thing of course. Also, look for other factors as well and I've done videos on this kind of thing. Buy for investment logical reasons rather than emotion. 5. Doing insufficient due diligence. What you should be doing initially is doing loads of due diligence BEFORE jumping in and putting your money on the line. 6. Not getting appropriate financial advice. You should have a competent tax adviser on your power team, together with an Accountant AND "Independent Mortgage Broker 7. Paying too much. Just because an Estate Agent is advertising a property for a certain price DOESN'T mean that's what it's worth! Work out what the deal is actually worth for you - based on your experience. That's what you should be paying and no more. 8. Underestimating refurbishment costs. When you do property number one or two, let's be honest, you're probably going to overpay for some of the refurbishment costs but note down all of the costs, all of your expenses in property number one and two and three. Each time you do that next property, you can go back over those costs and say, "Actually, what did it cost me to build that acoustic wall? What did that on suite bathroom actually cost me? Let me look back at my figures." 9. Keeping up to date with rent rises. Now, I know that's a bit of an odd one but when you start to build a bit of a portfolio and you've got a few properties and maybe you've had them for a few years, what you'll realise is that sometimes tenants keep very, very quiet because they know they're paying less than the market rent. They don't want to bother you. They might not want to bother you because they're simply lovely people, that's absolutely wonderful, but sometimes tenants look at the market rent around them and they're aware that actually they're underpaying slightly so they keep very, very quiet. 10. Lastly... Investing for the long term. I personally think lots of people are making short term decisions when they're building their property portfolio. Where I now come from is I look at a property and I think to myself, "Do I actually want to keep that property forever?" If the answer's yes then that's a really big tick in my book and then I will probably be buying that property. I hope you found this one helpful. All the very best... Tony Law - Your First Four Houses
When you're investing in property, negotiating house price is an essential skill. But, this is a skill that is useful, not just for property professionals, but for homeowners and first-time buyers as well. Today, Rob Jones looks at negotiating on the asking price and more generally at how to deal with estate agents when buying a house. ---------------------------------------------------- SEE COMPLETE ARTICLE AT: ◉ http://propertyinvestmentsuk.co.uk/how-to-get-10k-off-the-asking-price-on-your-next-purchase/ ---------------------------------------------------- SIGN UP FOR OUR FREE PROPERTY INVESTMENT COURSE: ◉ https://www.propertyinvestmentsuk.co.uk/property-investors-handbook/ ---------------------------------------------------- INTERESTED IN INVESTING IN PROPERTY? Buy to Let Property Deals ◉ https://www.propertyinvestmentsuk.co.uk/investment-property/ UK Property Crowdfunding ◉ https://www.propertyinvestmentsuk.co.uk/invest-in-property-with-crowdfunding/ ---------------------------------------------------- FOR MORE INFORMATION SEE: ◉ http://propertyinvestmentsuk.co.uk/ OR JOIN ME ON: ◉ Facebook - https://www.facebook.com/PropertyInvestmentsUk ◉ Google+ - https://plus.google.com/+PropertyInvestmentsUK ◉ Linkedin - https://www.linkedin.com/in/propertyinvestmentsuk ---------------------------------------------------- CONTENTS 1 - How Do Estate Agents Make House Valuations? The truth is, the way that estate agents make house valuations is not some exact science. There is no secret formula. Normally, a property will go to market at a price that is nothing more than a guesstimation of its real market worth. 2 - What Estate Agents Don’t Do What estate agents don’t tend to do, is look at local market trends. They look at prices but not at supply and demand. 3 - Negotiating House Price Understanding how estate agents do a property valuation is an important factor in negotiating the price and I hope I’ve given you a taste of the sort of things you need to know. But moving on to exactly how to go about negotiating with the estate agent on the asking price, I suggest there is no better place to start than asking these three questions. - Why is the vendor selling? - How long has the property been on the market? - Have there been any other offers? 4 - How to Deal with Estate Agents when Buying The important thing to bear in mind, when you are dealing with estate agents, is that they are working for the seller. 5 - Framing Your Offer Before you put in your offer you need to know what the price should be, based on local comparisons and you need to know how motivated the seller is. Then, when you put your offer in, there are two things you need to do. Do demonstrate your research. Don't Use obvious numbers. ---------------------------------------------------- FOR MORE INFORMATION ABOUT NEGOTIATING HOUSE PRICE AND FINDING PROPERTY BELOW MARKET VALUE SEE: ✓ 3 Things You Need To Know About Negotiating House Price http://propertyinvestmentsuk.co.uk/negotiate-like-property-pro-build-buy-to-let-portfolio/ ✓ Master How To Negotiate Buying A House Directly With A Vendor http://propertyinvestmentsuk.co.uk/master-how-to-negotiate-buying-a-house/ ✓ Master How To Negotiate Buying A House Directly With A Vendor http://propertyinvestmentsuk.co.uk/master-how-to-negotiate-buying-a-house/ ✓ Why A Good Rental Yield Is More Important Than A BMV Deal http://propertyinvestmentsuk.co.uk/good-rental-yield-important-bmv-deal/ ✓ 4 Sure-Fire Ways To Source Property Deals Fast http://propertyinvestmentsuk.co.uk/4-surefire-ways-source-property-deals-fast/ ✓ Property Bee and Property Tracker | Helping You Find BMV Property http://propertyinvestmentsuk.co.uk/how-to-use-google-chrome-to-track-property/ ✓ How To Make Serious Money As A Property Sourcer http://propertyinvestmentsuk.co.uk/make-serious-money-property-sourcer/ ---------------------------------------------------- This Channel is where I will show you my best property investing tips, articles, real life case studies and advice on how you can create and grow your own successful UK property portfolio. We cover everything from how to source property deals through to which strategy is right to get you started in property and which is maybe better for more established property investors, developers or landlords. Using my 11 years experience as a UK based property investor I show you real life deals that were doing daily and how you can copy these to build and grow your own property business or portfolio. So whether you are looking for a property mentor who you can work one-on-one with or you want to run with simply some initial property education and support we can help. Enjoy the videos and don't forget to subscribe to get the latest property tips and case studies direct to your inbox so you don't miss out.
Today, let me share how to buy a property investment and start building your buy to let property portfolio in the next 60 days. Today's property market is evolving, but if you follow these 10 simple steps, you'll be well on your way to securing an investment property - and building some passive income. These 10 steps will get you started with how to invest in property (or real estate for our American friends) however ultimately it all comes down to taking REAL action. So... here's my challenge for you... Go And See 10 Properties THIS WEEK! I know that's a BIG ask - but honestly - if you walk through the front door of 10 properties THIS WEEK you'll learn so much about how to invest in property because you'll start to recognise deals! So if you want to buy a property investment in the next 60 days - make a start today by booking a property viewing! I really hope this video helps you. All teh very best... Tony Law | Your First Four Houses :-)
9 Types of Houses to NEVER BUY....is a video feel I had to film because I have had a lot of people lately contact me from all over the country needing help to get out of certain BAD DEALS that they have got caught up in. Over the years with all the houses my company has bought I have seen common patterns that have occurred where the outcome turned out to not be great. Real estate is slow to forgive and buying a bad deal takes a long time and a lot of money to get out of. It is much better to buy no deal at all than to buy a bad deal. Please be careful and consult a professional when you look into buying any one of these types of houses because it can be very risky. Learn More About Our Home Study Program: Flip Army - How To Flip Houses The Investor Army Way https://info-investorarmy.clickfunnel... Contact us at: email@example.com For More Resources And Opportunities To Take Your Business To The Next Level Go To…… http://www.investorarmy.com/ Visit Our Other Youtube Channel “Investor Army Podcast” For More Videos By Connor Himself https://www.youtube.com/channel/UCmay... Follow Us On….. Facebook: https://www.facebook.com/InvestorArmy/ Twitter: https://twitter.com/Investorarmy Linkedin: https://www.linkedin.com/in/connor-steinbrook-58b2b9a1/ Google+: https://plus.google.com/u/0/108318927307224577838 iTunes: https://itunes.apple.com/us/podcast/investor-army-podcast/id1234085118 Blubrry: https://www.blubrry.com/investorarmypodcast/ Instagram: https://www.instagram.com/investor_army/?hl=en
How to make an offer on a house... learning how to negotiate in today's property market can get that next investment property at a discount and negotiation is a skill you CAN learn.
Property investing is all about making a profit (ethically). It's about building your property portfolio by buying at a discount (ideally below market value - BMV - where you can) and then adding value... and a big part of this comes down to negotiation.
Learning how to make an offer on a house - is where it all starts and in today's video - let me give you 6 BIG property tips to get you started.
I hope you find this one helpful.
All the best... Tony Law | Your First Four Houses with property investment for beginners tips that will hopefully help you in your property business or real estate endevours!