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Due diligence isn’t an option

due diligence Feb 25, 2021

Buying a property requires you to make informed decisions - that means you need data to work with.  And here lies the challenge for most investors.  They get excited about refurbs, increasing the value and finding tenants, but doing the research prior to purchase can be hard graft.

In a perfect world you should know:

  • The market value - what other similar properties in that road or...
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How to fast track your BTL portfolio

buy to let Feb 10, 2021

 THE QUESTION

My husband and I own our own property and now we would like to purchase a buy to let property in the area we live.  We would like to purchase more properties in future, maybe between 5-10. 

Is there a way to fund your next property using the first one you’ve purchased or is it best to wait until you have the deposit for a second? 

THE ANSWER

You face the...

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BRR!

buy refurb refinance Jan 25, 2021

BRR!

That’s not a comment on the weather - it’s the acronym for Buy, Refurbish, Refinance.  It’s the hot topic in property.  

The concept is to buy a property that needs doing up at a relatively low price, refurbish it - probably a new kitchen and bathroom and maybe a coat of paint throughout - and then refinance at the uplifted value.

The challenge for most...

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Can you get 100% bridging finance?

bridging finance Jan 10, 2021

THE QUESTION

Can you recommend somebody who can help me with 100% bridging finance?

THE ANSWER

If you mean where you put nothing into the deal, that is not how bridgers work, except in exceptional circumstances. They always want a safety net built in so they can sell off the property quickly, if they need to, and recoup their money. 

This means for virtually every deal you need to put up...

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Several heads are better than one

mindset Dec 28, 2020

Property can be a lonely world; non-property people tend to foresee doom and gloom about the property market; other people in property are chasing the same deals as you are.

But it doesn’t have to be that way.

With the right environment, you can learn from your peers - sharing experience and helping each other to avoid pitfalls and discover some of the smart property moves that make your...

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How to refurb before completion

buy refurb refinance Dec 10, 2020

THE QUESTION

Can you use a bridging loan to exchange on a site, do the work and complete after the sale? In other words, delay completion using a loan to do it.

THE ANSWER

I have been teaching exactly this strategy for years at my Ninja Investor Programme.  I call it the 100% refurb strategy, because you rarely end up borrowing less than 100% of the purchase price when you use it.  We...

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How to Finance a Property Purchase

ninja learning Nov 25, 2020

When you’re getting into property investment you need one of two things:

  • A reasonable cash pot as the deposit for your first property
  • A means of financing the deposit for your first purchase

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...

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Getting Off The Starting Blocks in Property Investment

buy to let Nov 10, 2020

THE QUESTION

I've had three very different opinions from three brokers on a First-Time-Buyer-First-Time-Landlord BTL mortgage.  I've got JV experience (through a Ltd Company), I don't have a mortgaged property (I rent at present), I’m recently divorced and have a smallish cash pot.

I can't afford to buy where I live, but this is where my kids go to school, so I want to stay...

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The devil is in the detail

ninja learning Oct 25, 2020

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...

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Limited Company mortgages and personal guarantees

buy to let Oct 10, 2020

THE QUESTION

Are there lenders who do not require a personal guarantee on limited company mortgages?

THE ANSWER

Look at it from the lenders point of view.  You, as the shareholder and the owner of your company, can decide to shut your company down overnight.  There is nothing the lender can do to stop you.  That potentially weakens their security.  If you stop making the...

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