2009 July | Investment property blog UK

Archive for July, 2009

Diary of a UK Property Investor – generating great deals #5

July 29th, 2009 | Author: David Coughlin

Diary of a UK Property Investor – www.hbfinvestments.co.uk

Once property investors are up and running with their business and are sourcing and buying property investments through advertising, my 5th successful method of generating deals is through referrals.

A referral is as good as a done deal! I offer all the vendors of properties I buy a referral fee if they pass any other vendors on to me and I agree a deal with them. I have done dozens of deals which have often been some of my best deals with the biggest discounts in this way. I didn’t even have to try hard as the previous vendors told them how great our company was and they were sold on us and sold on the discount. They were, and are, easy deals!

Also, by simply making it known to friends and family as well as contacts from advertising that you are in the market to buy property, you will generate property investment deals.

So, property investors, to do more deals, first get round the estate agents, then start advertising, and begin to get successful referrals and your business really is off to a great start.

Source: David Coughlin – HBF Investments

Posted in Diary of a UK Property Investor - www.hbfinvestments.co.uk, Investment Properties | 2 Comments »

Property investor links

July 27th, 2009 | Author: admin

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Diary of a UK Property Investor – generating great deals #4

July 24th, 2009 | Author: David Coughlin

Diary of a UK Property Investor – www.hbfinvestments.co.uk

Number 4 on my top list for generating fantastic property investment deals is through newspaper advertising. We have tried all forms of media to advertise for investment properties from motivated sellers and we’ve found newspapers to be the best, especially as it enables investors to focus heavily in a specific area – unlike the internet.

The great thing is that you don’t need a website to advertise in newspapers. You simply need a small 6×2 advert [no need for fancy full colour pages!] with a telephone number and believe me you will generate leads.

We have found the average cost per lead to be no higher than £50 so if you are able to convert 1:20 of your leads into an agreed deal, you will be generating deals for no higher than £1,000. That is probably the cheapest way to generate property investment deals and what a deal! For just £1,000 you will have purchased a property with 25% (£25K) equity – what a return on investment that is!

There are lots of great strategies the property investors adopt with newspapers. for example, it is absolutely essential to measure results so you are able to reduce costs and maximise returns. The key is to determine exactly which newspapers generate the most leads and to measure the costs per lead. Simply ditch the papers that don’t perform quickly (within 2-4 weeks) and stick with those that do perform.

Once your campaign is in full swing you are now on the way to building a scalable and profitable property investment business.

Source: David Coughlin – HBF Investments

Posted in Diary of a UK Property Investor - www.hbfinvestments.co.uk, Investment Properties | No Comments »

Diary of a UK Property Investor – generating great deals #3

July 22nd, 2009 | Author: David Coughlin

Diary of a UK Property Investor – www.hbfinvestments.co.uk

A third great way for property investors to source fantastic investment properties is through auction websites such as E.I.Group (EIG).

EIG lists 1000’s of investment properties available at auctions located all round the UK. It is simply impossible not to be able to use this site to pick up a bargain investment property exactly where you want to buy one!

The great thing about EIG is that you do not even have to go to the auctions to buy the properties! You can use EIG to check for properties that did not sell at auctions and put in your offers post auction. If your offer is accepted you will have the cash available to put down a 10% deposit and be in a confident position to pay the rest of the cash to complete within 28 days.

Before you pay over your 10% deposit you have to ensure that (i) if you are buying with a mortgage, that you have your ‘decision in principle’ in place already with a lender who will give you a mortgage offer within a week or two so you can complete within 28 days; (ii) you use an experienced auction solicitor and broker to ensure that the legal title is acceptable for mortgage lending and who will complete in the required timescales; and (iii) that you have had the property surveyed so it is structurally sound and in acceptable condition – you do not want any nasty surprises!

Many property investors I know use EIG to do 2 or 3 deals a month to source fantastic deals at about 35-40% discounts. AND they do all this from their armchairs!

Source: David Coughlin – HBF Investments

Posted in Auction properties, Diary of a UK Property Investor - www.hbfinvestments.co.uk, Investment Properties | No Comments »

Property news

July 22nd, 2009 | Author: admin

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Wright & Wright secures its first SARB FSA Authorisation!

July 21st, 2009 | Author: David Coughlin

We have had an anxious wait since 1 July and daily checking of the FSA Register to see how the FSA were going to treat new applicants to the Sale and Rentback interim regime.

First, two regulated firms successfully varied permissions; then came Hilmar Land and only a day later I am delighted to report that a Wright & Wright sponsored and supported application for Buy House Limited has proven successful.

You can keep up with the successful registrants here FSA Register.

This application process has been untested as it is the first ever interim regime (which you will all know by now) and so, in spite of the industry wide collaboration, it has been nervy times.

We asked Alan Oliver at Buy House to comment (please excuse the Wright & Wright plug!),

“We’re extremely grateful to Julian @ W&W for continued assistance and support in our application. We’re pleased to be one of the first to gain authorisation – demonstrating our deep commitment to tidying up the SRB marketplace and provide a better service to consumers.

We’re still able to help unregulated investors earn from SRB leads if they inadvertently stumble across one. We’re also able to “license” investors (at no cost) to pro-actively advertise SRB in order to generate an income stream by providing SRB leads to us exclusively in return for commission. Parties interested in working with us should visit our trade website: srb.buyhouse.co.uk“

I am sure it won’t be long before we are reporting on other successful applicants with Wright & Wright and our other compliance partner firms.

And then the work will begin all over again- conveyancing the transactions, reducing risk and preparing for full regulation.

Please feel free to get in touch if you want more information about how we can help!

source: Wright & Wright LLP

Posted in Sell and Rent back, Sell my house | No Comments »

Diary of a UK Property Investor – generating great deals #2

July 20th, 2009 | Author: David Coughlin

Diary of a UK Property Investor – www.hbfinvestments.co.uk

The second great way I found to finding investment properties came from building relationships with one particular estate agent that I clicked with. I bought my next fantastic deal in Loughborough in this way – a student house with 5 lettable rooms making me an £800pcm profit!

Better still; the estate agent that sold it to me also rents it out for me through their letting agency, so I have no hassle collecting rents on a room by room basis. This perceived hassle is the greatest deterrent to property investors buying HMO’s and managing room rentals – so also I had a bit of luck!

It took a few months [not a long time] and a bit persistent endeavour with the estate agency to eventually get the nod from the agent to buy this investment property deal. It was simple perseverance but also having the mortgage and funds in place ready to buy quickly that eventually got me this deal.

Building relationships with agents is not easy and it takes time but if you are in a position to buy and you are determined and they come to like you – trust me it will pay off and it does not take long for the estate agent to try and find you the deal you are looking for. After all, they want their commission!

Posted in Diary of a UK Property Investor - www.hbfinvestments.co.uk, Investment Properties | No Comments »