This Property Will Have 20, 000 Pound Of Equity Which Is Yours To Keep

Category: Finance, Real Estate.

One of the most important jobs of a property investor is to source below market value property- that is, a property bought for less than its value if it was to sell on the open market. This property will have 20, 000 pound of equity which is yours to keep.

For example if you were to purchase a 100, 000 pound property for 80, 000 pounds you will have bought it at 20% below market value. Furthermore, since the property is under valued, theres a strong likelihood that you will be able to buy it with no money down. Theoretically, you can buy as many properties as you desire without ever using any of your own money whatsoever! In other words, without requiring a deposit. If you are able to do this repeatedly, your business will experience phenomenal growth. As a Property Investor, if you were only to buy property at full price, you would soon run out of money and your business would come to a stand still.

In contrast, if you were to buy a market value property, the traditional routes of property purchase would demand a deposit of anything from 5- 10% . This is why it is so important for a Property Investor to invest as much as possible in properties below their true value. Regardless of what people say, I find estate agents to be a valuable resource when it comes to buying below market value property. So, how do I find below market value properties? By being persistent, and proving to an estate agent that you are a serious investor, you will have them ringing your phone of the hook with potential deals. If this was to happen, thank the agent for calling you and let him know that the margins dont work for you. Initially, an estate agent may pass you deals that are not below market value.

However, you are still looking to buy several properties that month and he should contact you again if he receives anything. Over time, a relationship will develop with your estate agent and he will start passing on good property leads which meet your investment criteria. At all times, remain polite and check with the agent at least once a week. Once you have completed on a couple of deals why your specified agent, you will find that he places you on his preferred list of contacts. Ideally, you should be a preferred contact for several agents in your area. This is where you need to be to receive the great deals. This way, you will ensure that you will hear about any potential property deal first.

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