UK Investment Property - Buying Off Plan Property Advice
Released on = December 30, 2005, 5:43 am
Press Release Author = BuyProperty4Less
Industry = Real Estate
Press Release Summary = Learn the tips tricks and techniques that have enabled us to not only build our own property portfolio to £5.5M in less than 3 years but have helped others do the same.
Press Release Body = FOR IMMEDIATE RELEASE 23/12/2005
Property Investment UK - Buying Off Plan Property Advice
\"Property Investment - How can we do that?\"
\"Many of our clients are first time investors who want to jump on the Property investment bandwagon. Most have ailing pension funds and need someone who can just guide them in the off plan property maize to make an informed decision based on facts and potential of the investment NOT based on how much commission the sales person can make \"rail-roading\" unsuspecting investors into buying properties which are poor investments.\"
\" How can anyone sell something they don\'t truly believe in just escapes me. Property Investment Companies have sprung up an the back of the advent of property investment seminars which have become popular over the last 2-3 years. I would relish the day that some sort of regulation becomes mandatory in the marketplace\" states Damian Qualter MD of www.buyproperty4less.com - one of the UK\'s leading property investment companies.
\" BuyProperty4less make it part of their research to watch what the competitors are doing in the marketplace. I used to attend one or two seminars a week but my face has now become recognised by our competitors. Most companies don\'t invest in their own deals themselves - a practice I think is not encouraging for the property investor. BuyProperty4Less was formed by the fact I had started investing in property several years ago and many family and friends asked me to help them do the same - the rest is history\"
\"Property investing is pretty simple
1. Do the sums Work? 2. Is the property in a desirable rental/resale area? 3. Is their a rental demand in the area? 4. Are there good transport links and local amenities? 5. Is their capital growth potential? 6. Can I get a genuine Discount?
The first thing I look at when doing my research is do the sums add up - if not it\'s straight into the bin. This usually sorts out at least 50% of the deals that are passed my way. If it passes this initial test I will give it a bit more in depth research. The next thing I tend to look for is a discount that is genuine. This is easily confirmed by a RICs valuation. I\'d rather spend a few hundred quid and find it\'s a dud that be lumbered with a lemon. I tend to specialise in my local area and experience can quickly remove the bad deals. In most instances 85-90% of all deals that are passed to BuyProperty4Less go in the bin!\"
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