Negotiating to Buy Your Property Investment Part 2

In the last post we talked about the pitfalls experienced by investors who go into the negotiation process of trying to buy their investment property or buy to let property without gathering all the necessary information. In fairness, sometimes it’s not their fault. Actually, it is something of a quirk of the property system in…

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Negotiating to Buy Your Property Investment Part 1

Unfortunately, for some property investors the experience of buying an investment property or a buy to let property can be a bit like a jockey’s experience of running the Grand National. They carefully negotiate the hurdles of finding a property, doing their due diligence and analysis, and of obtaining a ‘decision in principle’ on the…

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Seven Common Mistakes Made by Property and Buy to Let Investors Part 7

Mistake number seven – They listen to people who probably know less than them! I heard Anthony Robbins once ask his audience “If you wanted to get rich would you study poor people?” “No” came the resounding reply. “That’s right” he retorted “If you want to get rich, you need to study rich people”. That…

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Seven Common Mistakes Made by Property and Buy to Let Investors Part 6

Mistake number six – They let their hearts do the figures. What do I mean by this? Well, I remember listening to a marketing guru giving a talk to a bunch of salesmen and telling them that, at a subconscious level, all decisions to purchase are based on emotion. Having decided “in their hearts” to…

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Seven Common Mistakes Made by Property and Buy to Let Investors Part 5

Mistake number five – They do sloppy research. Sometimes a deal is so evidently good, that one might assume there’s little point in doing any research. However, no matter how good a deal seems to be, I’d still like to reassure myself that it is a good deal. How much research should an investor do?…

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Seven Common Mistakes Made by Property and Buy to Let Investors Part 2

Mistake number two – They are too cautious in their negotiations. With the odd and often notable exception it’s part of the British psyche not to want to cause offence. Add to this that we often accept the asking price without questioning it, and the result is often weak negotiations. Let me explain. When most…

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Seven Common Mistakes Made by Property and Buy to Let Investors Part 1

Quite often, when I talk about my experiences in property I’ll be asked what the difference is between a good property investor and a poor property investor. Truthfully, that’s a hard question to answer. Some people are naturally good at things and some people are just good at property investing. Putting natural talent aside, over…

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How to Make Unlimited Tax Free Wealth Part 5

Refinance This is relatively straight forward, most Buy-to-Let lenders will allow you to borrow more if the rent is sufficient to cover the mortgage plus a bit. They will stipulate that the rent is 130% to 150% of mortgage payments. They will also want a revaluation and administration fee. The big proviso for the plan…

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