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How to Build Up Your Property Portfolio

November 17th, 2017 Posted in Property Investment
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How to Build Up Your Property Portfolio - monopoly houses and cash image

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There are few safe investments you can make but one of the best is property. Putting your some of your money into bricks and mortar is a good way to make it work harder for you and will give you a great investment in return.

If you are a smart buyer, finding the right properties will give you a good financial edge and should help you quickly build up a sizeable nest egg. Buying to let is a good way of safeguarding a property and making money while your investment remains. However, if you are looking to make a quick buck, buying and doing up a property is a good route to go too.

Fixer-upper

There is a lot of money to be made in the development of old properties and if you are willing to move about a bit, you could quickly make enough to stay in one house while you do up another. There is a wide range of houses that fall under the term from a fresh coat of paint to full building works so think about what you are willing to take on before you start.

If you have never fixed up a property before, you should definitely request the advice of planning consultants before you implement any radical changes. You will need to gain planning permission for structural works like reconfigurations or extensions and a planning consultant will be able to advise you on the best plan so that you don’t waste any time going through rejections and appeals.

Buy-to-let

When you are looking for a property to rent out, you need to be sure that you will get a renter soon in order to cover your costs. If you can, use savings only to invest in the property, leaving you with enough cash for a rainy day. Otherwise, you need to make sure that your renter will be able to pay enough to cover any buy-to-let mortgage you take out.

You also need to consider who you want your rental to appeal to and decorate accordingly. If you are looking for student lets, make sure that you provide enough neutral furniture so that they can move straight in at the start of term. For other renters, you might be better off showing an unfurnished house as they are more likely to move in for a longer period and want their own things.

Holiday Rental

With the likes of AirBnB arriving, now is a really good time to offer up a property for short term holiday lets. You might not have the security of long term tenants but you will be able to make a considerable amount of profit.

The rules for interior design are also slightly different. You might consider going for a themed house or apartment to make it stand out from the masses or you could use smart design to give a luxury appearance and charge accordingly.

Whatever you choose, investing in property is  good idea for your financial future. It will give you a real investment you can fall back on as will as work your money hard to build up a decent nest egg. http://credit-n.ru/offers-zaim/creditter-srochnye-zaymi-online.html

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Interested in Investing? These Are Smart Places To Put Your Money

September 29th, 2017 Posted in Money Tips, Property Investment
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Looking to turn a little money into a lot? If you’re in the fortunate position where you have money sat in the bank each month, why not make this work a little harder? Instead of accruing a measly amount of interest each year you could gain far more and maybe even turn it into a full time career. Here are a few smart places to invest if you want to grow your money.

Precious Metals

Investments into precious metals such as gold and silver are smart choice because prices increase over time. They’re not the best investment idea for people who want to make a profit fast, but those who are in it for the long haul will see a healthy return. In just the last ten years, the price of gold has almost doubled, which goes to show how much opportunity there is in this market. Only purchase from a reputable seller, there are plenty of companies out there which facilitate the buying and selling of precious metals. Do your research and work with one that suits you.

Interested in Investing? These Are Smart Places To Put Your Money - gold ingot image

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The Stock Market

Investing in the stock market isn’t usually recommended for newbies. However, if you do want to give it a go there’s help available out there to allow you to familiarise yourself. For example, there are lots of professional brokers who are able to assist you, as well as simulation computer programs. These work by replicating the market that you can practice on first without actually spending money. You should never spend more than you can afford to lose, which is why this should be done with extra money not what you need to pay your rent and bills. If you’re fortunate you could do well here, lots of entrepreneurs make a killing from the stock markets and is something you could look into if it’s of interest. Some of the he best areas to invest in are commodities such as oil and gas companies and armed forces businesses such as weapons manufacturers.

Bitcoin

Bitcoin is a digital software-based currency, created to provide both a simple and convenient way to transfer funds to a seller when buying online. It’s still relatively new (it has only been in the public’s interest since 2013), but according to experts and investors, it’s something that’s likely to continue increasing in popularity. You can purchase this currency from a bitcoin exchange or online broker, or even directly from another individual. ATM machines often give the option to buy them too. As with any investment, there is some gamble involved especially with it being a brand new system. However, venture capital firms have bet that it’s something that’s likely to stick around.

Property

There’s a lot more that goes into buying and selling houses than simply buying cheap, renovating and selling for a profit. You may have played the board game Monopoly as a child but in reality property can be unpredictable as the market has peaks and troughs, plus you never know exactly what you will uncover when you start ripping out walls and floors of properties to renovate. Make sure you have enough background knowledge to be able to make the best decisions and boost your profits and avoid the common mistakes newbie property investors tend to make. There are a few ways you can make money with property, but an obvious one is to buy cheaply, do it up and sell for a profit. While it sounds simple enough, there is risk involved with flipping houses so you do need to do your research or speak to a professional who is knowledgeable about the property market. Many inexperienced property investors can concentrate too much on what they would want in a home themselves instead of what people who would be likely to buy would want. You also need to be aware of things like ‘ceiling price’ in different areas, because due to this, no matter how luxuriously you finish the property it will only ever sell for a limited price. The last thing you want is to end up in a situation where you’re stuck with a property and unable to sell it on for a while, or even where you lose money. Another option would be to rent out properties and get an income each month from tenants. You could do this in the country where you live or abroad. Sites like http://rumahdijual.com/bandung/ help you to easily find property, and if you get something that appeals to tourists you’re laughing all the way to the bank. As a bonus you could use it as a holiday home yourself whenever you wanted. http://credit-n.ru/offers-zaim/turbozaim-zaimy-online-bez-otkazov.html

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House Prices Soar Over 8 Months: Are Brexit Worries Over?

September 14th, 2017 Posted in Money Tips, Property Investment
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House prices have risen by 3.8% since January 2017, figures from estate agent YOPA show. This is far in excess of original predictions of 1.2%, and the figures – on the face of it at least- make for promising reading.

To put some context around this, after the Brexit vote on the 23rd June 2016 there was substantial volatility in the British economy, particularly in the currency markets, with sterling reaching historic lows against the dollar and the euro.

However, while the mood of the stock markets often reflects business sentiment, and currency makes a difference when it comes to trade, they are not always indicators of what’s going on in the general economy. For that, you need GDP, but even this often has a lag times in its reporting, and will often be for the previous quarter.

House Prices Soar Over 8 Months: Are Brexit Worries Over? - brexit image

Enter house prices.

House prices are essentially an indicator of consumer confidence, as they reflect how much people have to spend and how much people are willing to spend on the most basic of human needs: shelter. From a financial point of view, a house is the biggest purchase that most people will ever make, so they need to be confident of financial stability and the ability to pay off a mortgage over the long term. Uncertainty regarding job prospects tend to have a downwards effect on house prices, so GDP growth and house prices tend to broadly correlate.

Furthermore, house price data is regularly updated, especially from sources such as Rightmove, Halifax and Nationwide.

So what is this latest property data telling us?

At the beginning of the year, industry experts were, on average, expecting house prices to rise by 1.2% over 12 months. So far this year, that figure has been exceeded and now stands at 3.8%. If this rate continues, by December, house prices will have increased by more than 7%.

So do these house prices reflect a healthy economy unaffected by Brexit?

Part of the problem with calculating the effect of Brexit on the economy is that not much has changed. Although the United Kingdom voted out, we still have the customs union, the single market and everything else that affects our day-to-day lives. In addition, the country is still subject to European law and regulations. Free movement will continue until March 2019 – or perhaps even later. As a result, nobody really knows what’s going to happen.

One thing is for sure though; many people will be keeping a close eye on house prices as we approach March 2019! http://credit-n.ru/blog-single-tg.html

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What Can Make Buy-To-Let So Difficult?

June 22nd, 2017 Posted in Property Investment
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If you are looking for a secure way to make some decent profit in the long run, then buy-to-let is often a good way to go. However, nothing is certain, and that applies to this as well as anything else. Although buy-to-let can be extremely lucrative when done right (and in good circumstances) it is also true that there are many things which can often make it a difficult process. They could be other financial concerns, problems with tenants, issues about being a landlord, or any other little niggles that could get in the way. In this post, we are going to take a look at some of the major things that can often make buy-to-let difficult to succeed in. Knowing these will help to prepare you and to help make the most of it, so it is worth a look.

What Can Make Buy-To-Let So Difficult? - houses image

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A Lack Of Professional Knowledge

The whole process of buying a property to rent out to make money is more complex than many people think. If there is one thing that tends to slip people up, it is not having all the necessary knowledge before they set out. If you want your buy-to-let mission to go as smoothly as possible, then you will definitely benefit from knowing everything that you possibly can before you even start looking into it. It might be that you need to carry out a lot of personal research in order to get the ball rolling here, but even that might not be enough. You might decide that getting the help of a professional is the way to go, and it very often is. Find yourself a real estate agent and take their advice on what you should do. They know the marketplace and the procedure better than you, and it is likely that they will be able to help you more than you might think.

A Crashing Market

All markets are volatile by their very nature. Any kind of investment you ever make is something of a gamble, even if some investments are more of a sure thing than others. The housing market is relatively safe in most places, but this doesn’t mean that it is a sure thing. There will always be crashes, as there are in every market in the world, and it is likely that you will need to try and navigate these water as well as you can. The best thing is to simply keep an eye on the marketplace, especially before you plan to make your move. The closer you are paying attention to it, the less likely it is that you will get your fingers burned, and the more likely you will make as much from it as you can.

What Can Make Buy-To-Let So Difficult? - market prices screen

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Poor Credit

If you have poor credit, you might find it difficult to see the whole process through to the end. Many people have poor credit, and it can come about easier than you might think. Fortunately, there are ways of dealing with this situation, and it is not as difficult to do as you might think. If you have particularly bad credit, you should try to find ways to improve it as much as possible. Such methods do exist, and although they are quite slow to come to fruition, it is worth doing. You can also use other means to get around the fact that you have poor credit. If you use a service like Improve Finance, you can borrow money against the home through a secured loan, even if you have bad credit. This means you will then have the necessary funds for any fix-ups that might need doing, or if you are planning to renovate before renting the property out. There is always a way to get what you want, and as long as you remember that you should find that you end up with the kind of financial situation you’re hoping for.

What Can Make Buy-To-Let So Difficult? - tenant image

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No Target Tenant

If you want to make a success of this buy-to-let scheme, you will need to ensure that you can actually get your hands on a tenant. Without a tenant there is no profit, so this is essential. But a surprising amount of landlords do actually struggle to find tenants, or to keep hold of them for very long. The first thing you will need to think about is whether you are advertising your property in such a way for it to be attractive to potential tenants. In order to do that, you will find it helpful to think of a target tenant whom you can market towards. You can think of this example simply by taking the core demographics of the local area and thinking about what kind of person is likely to go for your property. Then you can renovate it according to their likely tastes, and this will make it much more likely that you find a tenant who wants to hang around for a decent amount of time. You should of course also ensure that you have tenancy agreements lasting at least twelve months, so that you can feel relatively secure for the following year at least. If you think of it in terms of basically having guaranteed rental income for a year, you will understand the value of doing so.

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Bad State Of Repair

One thing you absolutely must avoid is letting your property to fall into disrepair. If this happens, it can be much more difficult to get it back to a normal state, so it is better to just avoid it happening altogether. While it is on the market, make sure that you clean it regularly so that it doesn’t build up. You should also go around the property and ensure that there is nothing that needs fixing which hasn’t been fixed. If there is, that might be all it takes to stop it gaining interest from potential tenants, so you don’t want to take that risk. Keep the home in good repair, and you will be much more delighted at the results that you see.

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Your Guide To Purchasing And Moving Property

April 12th, 2017 Posted in Property Investment
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Moving home is a tough and complicated process – so when the time comes to move home, and your kids are demanding answers, it can be fairly easy to dumb down the process to buying and selling. We have this much money and bought this house is what you might say, and while it is true, it’s an extremely diluted process. While that knowledge is invaluable, any extra information that you can impart on your children will help them down the line – when the time comes for them to move home!

Your Guide To Purchasing And Moving Property - corner house image

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The first thing to do when moving home is to complete the purchase of a new home. This is usually done through a mortgage – money borrowed from the bank to be paid back over the course of time specifically with the home in mind. In some cases, properties are bought outright, but a mortgage is most common. You need to work out what you can afford and a good way of estimating is basing money off of the mortgage deposit. Ten percent is the usual borrowing limit so $10,000 dollars will likely give you the ability to borrow up to $90,000. This means that $100,000 is your range for buying. This will differ from lender to lender. Once you know how much you can spend, you’ll need to locate the perfect property. This is easily done thanks to estate agents and real estate websites which afford the buyer an in-depth look at their new home. You can get a better look at a home by arranging a visit, or viewing. After one, or multiple viewing of various properties, you might have identified the perfect property. This is a stage where you can feel free to negotiate a price. You could possibly get the seller to drop their asking price slightly to either bring the property into your price range – or you could simply do this to save cash and increase the power of your deposit/down payment to reduce your monthly mortgage repayments.  There are a number of things you need to think about when negotiating a price on the home. If you low-ball the buyer, you might insult the seller and miss out on a good home that you’ve taken the time out to identify. Of course, you also don’t want to pay more than you need to. Thankfully, there is plenty of data on hand… Look at sales in the same area as the potential new home. Is your offer in line with these sales? Did these sales go for an amount lower than the actual asking price? If the mean price of homes in the area matches the asking price, you don’t want to dip down on the offer much at all. It also depends on the market; some areas get snapped up quick, others don’t. If you’re on a high-interest market, a strong offer is going to be needed if you don’t want to lose out, but you’ll have a lot more leeway in other markets. Finally, consider how long the home has been on the market. If it has been up for a while, you’ll have a better chance of a lower offer being accepted.

Once your offer has been accepted, this is where things get a little bit tricky. Contracts need to be signed, and you can be caught out here by the seller or their legal team. Contracts need to have clauses inserted which mean that you can back out of the sale if there are issues with the home. These issues can also be used to leverage a price reduction on the home. This is the time for you to pay for a professional home inspection which can bring defects in the home to light. A price reduction can be asked for upon discovery of issues, while major problems can be a total dealbreaker. Now is the time to find out. Once this stage is over, you can submit your final mortgage application, go over the costs of closing and then sign the contract. It goes without saying that this part of buying a home is full of legal lingo – and if you don’t understand anything you need to find a conveyancing solicitor who can help. This is worth doing anyway as these professionals can sort out a lot of issues to save you the stress of doing so.

The closing stage of purchasing a home isn’t just about signing on the dotted line though. Firstly, you need to make sure nothing has changed within the property since your inspection. Then, all the money needed for the purchase needs to be paid into the seller’s account. This is now a good time to review the paperwork that needs to be signed so that you can triple check every clause in the contracts. You need to work out how much you’ll be paying each money and agree on your final mortgage deal. At this point, you’ll know exactly what is expected of you by your lender and you can now sign on the dotted line. A move in date will be discussed and that’s it, you’re a home owner!

Moving in is a big deal, so get everything boxed up well in advance. It’ll be worth your time to organize a professional cleaning of your new home so it is perfect upon your arrival. You might have already organized some contracted renovation, so this might delay your true moving in date. In any case, get all your stuff packed up and ready to be moved into the home. Book a removal company well in advance of the moving date and pack up. If you’re selling your current home, do a top to bottom sweep and rid yourself of everything you don’t need while leaving a clean house behind you.

Your Guide To Purchasing And Moving Property - packing up a house image

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That’s just about everything you need to know when moving home, it’s a complicated process and the more knowledgeable you are at the start, the better you’ll handle the inevitable curveballs that will come your way during the buying process.

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