When you’re starting out in property investment there are lots of things that may influence you.
One of the essentials of building a successful property career is having the right mind-set. Lots of people like the idea of property as a means of generating residual income, but every property meeting has at least as many people who are ‘getting into property’ as those who are already in possession of at least one property or have already started the buying and selling...
If you’ve watched Homes under the Hammer, it can be tempting to set off for the auction room determined to snap up an absolute bargain. However, real life is not much like you see it on TV!
To avoid ending up with a white elephant here are my top strategies for sourcing your property investments at auction.
1: Do your research first
Not just the day before, but well in advance....
When you’re getting into property investment you need one of two things:
The days of 100% mortgages are long gone and for most people that means a 25% deposit. If you’re in the south east, that could be a fairly big wedge of money, with property prices within...
The devil is in the detail
When I meet people who are thinking about getting into property it’s not unusual for them to come up with a list of reasons why they haven’t got started yet. Some of these are excuses, but some are simply the result of listening to people who only have some of the information.
Even people who have been in the property business for many years believe...
Property investment is a proven way to gain a greater degree of control over your life. This can mean different things to different people.
When you’ve found a property you want you’re not going to pay top dollar – especially if there are good reasons to get the price down. To do this successfully you need to learn smart negotiation skills.
The Negotiation Transformer model uses Powerful Positioning to guide you through the negotiation process successfully. It uses the acronym SPEECH to help you...
When I teach Ninja Investors the secrets of funding their investments intelligently there are a series of steps and Inspired Funding is the first of these. I created the Fast Funding Formula and it’s based on two concepts:
The quality of deals you do depends on your ability to negotiate successfully. There’s more to a deal than simply making an offer, it’s a lot to do with how you are perceived by the vendor or the estate agent.
I use a six letter acronym to help property investors to develop their ability to make better deals – with more profit in them. This spells SPEECH.
Most property investors start out using mortgages to finance their property purchases, but then your capital is trapped. That means you haven’t got spare cash to buy more properties, so you’ve got to wait until you’ve saved up enough for your next deposit.
Ninja investors can buy properties quicker with a relatively small amount of available...
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