Archive | July, 2014

Why It Pays To Think About Your Property AND Your Target Market: The Easy Buy To Let Property Experiment (Week 4)

29 Jul

NB. If you want to skip straight to the video update – it’s here

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Up a ladder, with your back to the world, and feeling like somebody is watching is you, is not a good feeling.

Especially when you’re in a property, alone.

So I turned my head away from the fresh smear of paint I had just deftly applied and looked towards the light.  Which, in my case, was the lounge window.

There pressed up against the glass, I saw three little children’s faces, their hands cupped over their eyes peering in.  And it wasn’t the sort of peering in where you felt like they were about to smash the window and nick everything in sight. (more…)

5 Tell-Tale Signs That Homes Under The Hammer Is NOT Based In The Real World Of Property Investment

24 Jul

I love Homes Under The Hammer, but there are some things which happen on the show which just drive me insane.

And I know it’s reality TV, which isn’t really like the real world – but if you want to make real money from property investment  – you need to live in the real world – because that’s where the real money is!

It’s Rule 8: Get Real

1.  There is NO free labour in the business of property development

free labour

Seriously, I am sick of the amount of people on Homes Under The Hammer who expect their friends and family to work for free, while they get to roll in all the lovely lolly when the project’s complete. (more…)

Why You Should Always Ask For MORE! (Week 3 At The Easy Buy To Let Experiment)

22 Jul

Finding out I needed new windows in the “easy” buy to let property has been a bit of a blow.  Not only has it dented the budget by several thousands, it’s also created delays.

Never good.  Especially not when you’re short on time.

So I knew from the beginning the windows were going to take 3-4 weeks to be installed upon placing my order.

But I also knew I had to shop around.  Double glazing ain’t cheap and if you’re going to spend the best part of a second-hand car budget on glass to look out of – you want to feel you got a deal. (more…)

Yay It’s Publication Day! Property Investment: The Essential Rules Are Here! (Free Sample Link)

17 Jul

depart edit

If you want to get into property investment, or currently own property and want to get the most out of what you’ve got – check out Property Investment: The Essential Rules.  It’s published today and I’m incredibly proud of this book (You can get a free sample here). (more…)

Why You Need To Treat Buy To Let Property As A Business: Week 2 At The Easy Buy To Let Experiment

15 Jul

Is there any such thing as an “easy” buy to let property?

That was the question which prompted me to buy this property before auction.

Admittedly, the experiment has gotten off to a shaky start; the property’s been down-valued and wiped out my renovation budget, I found out I needed new windows, realised a temperamental boiler would only lead to temperamental tenants, oh and did I mention the re-wire…

Yes, property renovation is an expensive business and most of the time you will feel like you are haemorrhaging money.  I say feel like, but actually that’s a fact.  When refurbishing a property you will need access to large amounts of money, and often.  No matter what deals you strike, or how good your negotiations – everybody will want paying.  Now.

pay money (more…)