Find a Property

Seek and you shall find a property, whether it’s the deal you want or not is another matter. It’s all too easy to get into a cycle of searching and never making a decision on buying. When we have the money in cash or bonds that can be redeemed easily the auction market can be the place to find a property bargain. You need to have made your mind up well before the auction on the price you are willing to pay. You need to have done all your due diligence when you find a property. There’ll be no opportunity to back out. That doesn’t happen at auctions, when you put a bid on a property the auctioneer can start a buying frenzy so that every other bid increases the price on the property you want. It could be that you have looked long and hard to find a property but it’s snatched from under your nose by someone who just has that extra few hundred pounds to secure the bid. Should you be lucky enough to secure the winning bid then you will be expected to leave bonds to the value of at least ten per cent and be expected to complete the deal usually within twenty eight days.

The beauty of auctions is of course the excitement and the possibility of getting a good deal but placing a winning bid is not for the faint hearted.

Spending somebody else’s money is far more interesting but clients quite rightly expect value for money. When the gavel comes down on your bid it’s your property and that bonds you to it so there’s no chance to change your mind. There are plenty of property lemons sold by this means and if you have doubts about the structure or foundations when you find a property it’s most likely the reason it’s in the auction. Having said that there are generally one or two sweet deals to be had from every sale. It can be difficult to find a property even for your own residence let alone investment purposes. We have a client now who is asking for help finding a home as she can’t come across the property she wants in the area she wants at the price she wants. That doesn’t mean you can’t bid yourself as the criteria for entrance to auctions are usually fairly minimal.

We don’t object to doing a ‘find a property’ service as most of the reports we hear are of people who search and struggle to put deals together especially in the South where prices are so much higher. For that reason we suggest buying where the prices are more conducive to higher yields as cash flow is the all-important goal until the market starts to move again. Buying at the right price is the first principle of getting a good deal no matter what your intention for the property. To create the financial freedom so many desire your money has to work hard for you to make you more and more money. The opportunity to earn passive income to pay for your desired lifestyle is easier now through property than ever before. It also gives the ability to work when you want so giving a lifestyle choice that few have in this day and age.Whatever the chosen vehicle to wealth the attitude has to be right.

There are certain criteria to winning the property game. To create the life you want, you need to know the amount of financial success you want to achieve. With the intention to create wealth and abundance comes the need to admire and model those who are already rich and successful. Belief in property as the vehicle to produce your freedom and wealth is essential for the long haul especially if you’re working alone to find a property. To get rich doing what you love is far easier than doing something that you dislike. When you add value to a property or even just provide a home for your tenants, you are adding value to people’s lives and so deserve to be adequately compensated along the way. With wealth comes responsibility and the willingness to be generous as well as the capability to receive more. Gratitude and appreciation for what we have now will produce more of the same as the law of attraction will bring those lucrative deals and opportunities providing our capacity to earn grows with our ability to learn.

Some of the overseas opportunities are starting to look good again. With the Euro going down and the big drop in Spanish property values anyone with cash could do very well at the moment. Property is a long game, perhaps the refurbishment projects could be seen as a quick buck but in the main we have to build property wealth over the years. The sooner you start the sooner you can cash in or cash out as the case may be. Planning how we are going to exit a portfolio can be a good place to start your strategy to build it. Working with a plan is far easier than just going with the flow as there can be plenty of ebb too. Tax can be a major burden for the uninitiated, if you are not savvy in these areas take some valuable advice to save you heartache down the line. The way you build your portfolio and the types of property you own can make a massive difference to your end plan so don’t let the bonds of property tie your arms behind your back; consult with someone of experience. Try to get involved with a joint venture partner to take some of the responsibility off your shoulders and help you learn the right way to do things. Everyone can bring their own area of value to a partnership so finding the right people to work with can be a big help especially for those new to the game. Even with years of experience you don’t necessarily have the right energy to do what is necessary.

Always look to find a property and a partner for success.

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