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Understanding how to do property due diligence is my "Skill No.3" and it's an important property investment skill to have. If you want to learn how to invest in property... building a property business that gives you a passive income you MUST learn how to identify a good deal quickly. Carrying out solid property research doesn't have to take a lot of time and it certainly doesn't require a lot of skill. Although perhaps unsurprisingly - the more you do - the better at it you become But you've got to get good at this property investment skill - because you need to be able top spot a GREAT deal........ QUICKLY....... and tie it down - before some other property investor steals it from under you. Practise DEFINITELY makes perfect here - so why not spend a few hours researching some properties - even if you (currently) have no intention of buying. Honestly - you'll learn so much! RESEARCH YOUR INVESTMENT PROPERTY GOLDMINE... https://www.youtube.com/watch?v=YQpnQ6EYmiU ROI vs YIELD - WHICH IS BETTER https://www.youtube.com/watch?v=O0S8MQMwoeE STREETCHECK https://www.youtube.com/watch?v=uUtQFOhh90o If you'd like to learn how to do "Advanced Property Due Diligence" in your property goldmine investment area have you considered my "Online Property Masterclass" program. To find out more go here... https://yourfirstfourhouses.com/opm/ To book a 10 minute call with me - so I can answer any questions you may have about my online course - book your call here... https://yourfirstfourhouses.com/callme/ I really hope you find this video helpful and be sure to look out for the other 9 Property Investment skills in this playlist. Here's wishing you every success moving forwards... Tony Law | Your First Four Houses with Property & Real Estate Investing Tips :-)
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
http://www.freedommentor.com/making-offer-house Making an offer on a house wisely. Discover an unconventional way that works much better for making an offer on a house.
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
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: firstname.lastname@example.org 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!