A question I am sometimes asked is, “If I go to an auction to buy a property, how do I bid?” The first starting point before you do anything is to sort out your finance, to sort out your survey and to sort out the legal side. That is a given. Then when you’ve done…
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This is an interesting question. Somebody has asked me ‘does no money down really exist and if it does how do I do it?’. First things first. One thing I have noticed when I have been online looking at the forums and looking at the Facebook groups is that occasionally you will see somebody saying,…
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When you get interested in property investing you’ll hear a lot of talk about gross yield. Gross yield can be a great way of comparing properties because you can look at the return from one property and compare it with a return on another. But at its very basic level, gross yield doesn’t really tell…
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One of the great things about being in property today is that there are so many different ways we can raise our finance. And if you find yourself in a situation where you find yourself a fantastic refurb opportunity, but you can’t get standard buy to let lending because it needs a bit too much…
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A question I am almost always asked by somebody who is just about to begin in property is ‘should I go to an auction to buy my first property?’ I guess that’s a natural question. We’ve all watched Homes Under the Hammer and it can give this idealised view of buying properties at auction and…
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A question I am sometimes asked is, ‘Is there more than one way to do buy to let?’. It all depends on how you define buy to let. If you define buy to let as buying a property and putting a tenant in then that could cover HMOs (Houses of Multiple Occupation), it could include…
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A question I am often asked is, ‘How do I build relationships with estate agents?’. Let’s start at the beginning. First of all, why would you want to build a relationship with an estate agent? The answer is that, if you follow a strategy like buy to let, probably 90-95% or more of your deals…
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A question I’m sometimes asked is what is, “gross yield and when would I use it?” In its simplest form gross yield is the return on the property. Now, often times that’s the return ignoring costs, and the most simple way of calculating gross yield is to take the annual rent and to divide that…
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Something I see debated a lot online is whether we should pay a mortgage broker and if we should, how much we should pay. I often see on Facebook groups and forums people posting saying words to the effect of, ‘can anyone recommend a good mortgage broker who doesn’t charge a fee?’. I must admit…
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Do my solicitor and mortgage broker need to be based either near me or near my properties, and the answer in both cases is no! But, let’s just think about this. Firstly, let’s deal with mortgage brokers because I think that is very easy. A mortgage broker nowadays can do most of what they need…
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