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  • Property-a-holics

    5 property investments to avoid

    Hi everyone,

    Just caught up on last week's "property podcast" - TPP021.

    In this podcast (which, for those of you who don't listen, is excellent by the way) they provide five types of property investments that you should avoid:

    1. Student pods
    2. Hotel rooms
    3. Overseas Hotspots
    4. Bargain properties with no rental demand
    5. Time-intensive investments if you're busy


    Are there any other property investments which you think everyone should generally avoid?
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    What a great topic for discussion!

    6. Property in an area that is over-saturated with investors.

    7. The best house in the worse street.

    8. A low quality holiday let in a seasonal area.

    9. A property you have never viewed.

    10. Off plan property from a developer with no track record of completions.

    11. A family property with no outside space.

    12. Flats with very high service charges.

    13. Property down wind of a sewage farm.

    14. Property close to pylons or mobile mast.

    15. Property close to noisy depot/factory.

    16. Property with subsidence.

    17. Property in flood area. > Update HERE about flood insurance.

    I am sure I will think of some more ....
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    (15-08-2013 05:15 PM)Vanessa Warwick Wrote:  What a great topic for discussion!

    6. Property in an area that is over-saturated with investors.

    Number 6 concerns me as I am trying to get started investing in Cheltenham. Properties here are sold very fast and there are many investors in the area. Is this a place to avoid then? Perhaps depends on what over-saturated means?
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    (16-02-2014 07:17 PM)Edwin Wrote:  
    (15-08-2013 05:15 PM)Vanessa Warwick Wrote:  What a great topic for discussion!

    6. Property in an area that is over-saturated with investors.

    Number 6 concerns me as I am trying to get started investing in Cheltenham. Properties here are sold very fast and there are many investors in the area. Is this a place to avoid then? Perhaps depends on what over-saturated means?

    Its like these awful floods we have been having no one quite knows when the next area will become over saturated. This is where due diligence comes in and you have to dig deep into the infrastructure of an area be that now, historically but also what the plans are for that area for the future. Transport/ population / jobs / migration/ immigration/ politics / industries / schools/ universities / housing / recreation etc etc .

    One simple litmus test though is to put an ad in the paper for a property to rent . If you get 25 super enthusiastic calls the day the paper comes out - invest. If however you get one lame call 4 days later then perhaps walk away and go elsewhere.
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    Jonathan Clarke. http://www.buytoletmk.com

    Hi Graham,

    Thanks for starting this thread and for your kind words regarding the podcast!

    Vanessa the list you put together is brilliant, that would of made it our longest ever podcast Smile

    We will mention this post on our next recording as I think they're great additions.

    Mark Alexander and Lisa Orme (next week) have both done posts for The Property Podcast website that we have covered as a show episode it would be great to have you do a post too!

    Here is the link to the episode Graham mentioned here > 5 Property Investments to avoid
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    Find out more about me here...

    The Property Hub
    RMP Property
    Twitter
    Thanks Rob, I should love to be involved.

    I've thought of some more ....

    18. A property deal where the gross price is put on the mortgage application, but you are paying the net price = mortgage fraud.

    19. A property deal where you HAVE to use the deal sourcer's broker and solicitor.

    20. A property deal that promises unrealistic returns.

    21. A property deal involving a "distressed" seller.

    22. A property deal where someone was getting a huge commission.

    23. A property deal with no clear exit strategy.
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    That's great Vanessa, I will drop you an email.
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    Find out more about me here...

    The Property Hub
    RMP Property
    Twitter
    Amazing stuff Vanessa! I particularly like number 19 (very topical at the moment I believe) and number 20 (as sometimes property investors can get too caught up in the paper).

    Challenge to get to 50 by the weekend!!

    Big Grin
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    How is business Robert. Long time no see. Still based in London? Coffee/tea or a drink?
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    John Corey 


    I host the London Real Estate Meet on the 2nd Tuesday of every month since 2005. If you have never been before, email me for the 'new visitor' link.

    PropertyFortress.com/Events

    Also happy to chat on the phone. Pay It Forward; my way of giving back through sharing. Click on the link: PropertyFortress.com/Ask-John to book a time. I will call you at the time you selected. Nothing to buy. Just be prepared with your questions so we can use the 20 minutes wisely.

    Thanks Graham.

    50 by the weekend is a challenge too far but I will try ... Smile

    24. Any property deal where you are put under excessive pressure by a third party to go ahead with it.

    25. Any property deal where your gut instinct tells you it is wrong. Listen to your inner voice.

    Why is No. 19 topical at the moment?!
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    (16-08-2013 10:28 AM)vanessa warwick Wrote:  Why is No. 19 topical at the moment?!

    I was thinking about agent's rather than dealfinders but I think its relevant for both:

    https://www.thesundaytimes.co.uk/sto/busi...295495.ece
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