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noun [ C ] UK /ɪnˈves.tər/ US /ɪnˈves.t̬ɚ/
a person who puts money into something in order to make a profit or get an advantage:
My point here being you need money to invest with.
Any who tells people otherwise is lying.
For those who don't have money to invest with, there's no shame in it, but focus on rectifying that by making some money first (i.e. career change/development or start a business) rather than attending courses selling a dream.
In 2019 you need more cash in your pocket to play this game of Monopoly
Even in the NE of England you need around 30% to do a deal. For the lucky old landlords with equity, a remortgage is still an option but it’s not an option I will use
Go the old fashioned way - save the money for a deposit and taxes and then buy on a good yield and, if you really want to be safe, fix the mortgage for a long period and if you can afford it go capital and repayment.In ten years your mortgage will be a third lower than when you borrowed with a bit of capital growth and you will be sitting on a low leveraged investment
Repeat the deal over and over again and you will become rich
This is my intention - no more re mortgaging for me !
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
``Go the old fashioned way - save the money for a deposit``
Not sure that was ever the old fashioned way as far as BTL is concerned
Remortgaging to expand has been around since 1996 so getting old fashioned now
And that works well still - just not as easy as it was
Releasing equity from a main ressie is also old fashioned now but still works admirably
But your C&R mortgage on top of no growth leads to a virtual standstill in expansion in my view
Unless you are happy to wait 30 years to buy 3
Jonathan Clarke. http://www.buytoletmk.com
I think it will take new landlords a much longer time span to achieve there goals in the future
PRA and taxation will slow them down
personally I would not capital raise via a mortgage
and if my guess is right Property prices are stagnating or falling
if that’s the case remortgage is difficult to do
the cash rich landlords in my opinion are going into a golden period of buying high yeilding properties 70% or 75% LTV will work well via a company with company advantages
or in a landlords own name if they are a basic rate tax payer in effected by s24
@Tketa_Kev and @JGwilliams - congratulations! You are our winners of the two copies of John's book.If you could email me your name and address to vanessawarwick (at) icloud.com , I will get them in the post to you.Also, John is running a seminar in London this month for those who are interested:Recommended property training - John Howard
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Hi, I didn't know there was a competition brilliant thank you - I have read the 'sample' on my Kindle so good I didn't buy it