Want to cash in on property?
SO YOU THINK THAT NOT HAVING MONEY IS GOING TO BE A MASSIVE PROBLEM FOR YOU WHEN IT COMES TO 'CASHING IN' ON PROPERTY BARGAINS?
Hello again,
Over the years I have met many frustrated people who feel that hey are not going to be able to be in a position to ‘cash in’ on the bargain property opportunities that always exist in the market place.
Why do you think this is?
Well, let me tell you, it’s very simple – the reason is because they don’t have enough money for a deposit for a bargain property - even if they find one.
It would be very frustrating wouldn’t it?
Can you imagine stumbling across a property worth 100k - that you have an opportunity to buy for say 65k - BUT you don't have the necessary deposit required to fund the deal?
Its like finding a treasure chest full of valuable treasure – but without being able to ‘get at’ that treasure!
You would find a way though…..wouldn’t you?
If you did locate (legitimately of course) a ‘treasure chest’, or any other valuable item that you were unable to benefit directly from yourself, then I’m pretty certain that you creative mind would somehow find a way for you to take advantage of it!
It must have been a problem for years……
Almost 2,500 years ago Plato, the Greek philosopher and author must have had some pressing problem to overcome when he said…..
‘Necessity is the mother of invention’
He was referring to a situation where a particular need or problem encourages creative efforts or thought in order to meet the need or solve the problem.
So, in this context of property bargain hunting, I would expect someone who, lets say, found a bargain property for £65,000 – that was actually worth say £100,000– yet they didn’t have the 25% deposit (£16,250) that the lender would require of them - that would enable them to capitalise on their good fortune, would become ‘creative’ in order to solve their problem!
By overcome the hurdle of having no deposit they would increase their personal wealth by £35,000 – and that is just an example of a house worth £100,000 – well below the national average!
For most people that is a good enough reason to get creative!
Well, it hopefully won’t surprise you that over the years that I have taught people how to find bargain properties by employing the simple techniques in my proven system, I have come across many people who simply had nowhere near enough money to buy even one property – never mind to start building a substantial portfolio.
What have I told them to do?
That’s easy.
I told them that, as I was assuming they weren’t going to win the lottery or inherit some massive wealth from some maiden aunt, they had never met, then, if they wanted to take control - and buy their first ever bargain property – then they better ‘get real’ and do one of the following things in order to get the deposit
Now, let me say that the ‘Steal it’ comment is very much tongue-in-cheek and stated in jest…..please don’t do that!
My point was that they would have to be creative.
We have all heard of people who have overcome massive adversity n their life and gone on to remove massive obstacles in their way in order to achieve massive things.....
Surely then, overcoming an issue of the scarcity of a, relatively, small amount of money is a minor issue?
2 people who particularly spring to mind are the man who could only afford my training services - and nothing else.
He figured that he would be so enthusiastic after learning that he would just do what he had to in order to make things work.
He did – and has now sourced around 200 below market value properties in about 5 years (hard to believe to some people perhaps – but true!)
Another was a person with, by his own admission, had a terrible credit history – albeit improving day by day. He ‘knuckled down’ and legally bought 15 properties in 18 months - by some creative application on his part and with my input. All totally 100% legal - I should add.
Cash in the bank, as an investment tool, now is almost pointless. Even though inflation is historically low at present....it is higher than most bank interest rates.
This means that by hoarding cash in a bank - people are actually getting poorer day by day - and I'm certain that that isn't their plan!!
OK, cash in the bank is better than having no cash at all, but from an investment angle, the returns are pitiful now. Many people like the idea of cash in a bank being like a comfort blanket - it makes them feel good and secure.
That’s why many new entrants to this business, who don't have their own cash funds, are simply borrowing money from friends and family and offering far better rates of interest to them
Another option is that they do ‘joint ventures’ with friends and family who have got cash –and split the proceeds in an agreed equitable manner.
Any such arrangement, be it a joint-venture, or a straightforward loan, can all be formalised quickly and cheaply through a solicitor - so that the 'lender' is fully protected and has no worries of losing out.
These are very simple example of being creative with your thinking. There are many ways of overcoming this really simple obstacle.
I feel passionately about people moving this apparent massive obstacle, which in many peoples’ minds – initially is the equivalent of Beecher's Brook in the Grand National, into something more surmountable.
I found it to be a blessing in disguise years ago……
When I first got into this business, I behaved very conventionally and paid more or less full market prices for houses - and put full deposits into the properties – using my own cash.
Unfortunately, cash has a nasty habit of disappearing quickly when you develop a property acquisition habit!
It certainly did for me!
Very soon I had no serious cash to move forward with. Of course I had a healthy portfolio that was growing in value day-by-day and giving me monthly profits.
However my only hope of continuing in the conventional way was to save up my monthly profits for another deposit.
This would be far to slow for my liking – painfully so…..whilst I was doing this waiting I would have been missing out on opportunities
And that is when I became creative.
Remember what Plato said…..
‘Necessity is the mother of invention’
Looking back now that was the time when I really started to stretch my mind and really learn.
It was ultimately worth it though – and now I find myself helping people with the very same issues that I once experienced.
Incidentally, you can read more about how I started in this business here
Hopefully this has inspired you and given you more than some hope if you always thought that you had to personally have money to buy bargain properties
You don’t need money!
You need knowledge...
Ask me…..
If you would like to run a particular issue by me relating to the subject of creativity and fund raising for the purpose of property purchases, please feel free to E-Mail me. Give me as much relevant information as possible so that I can best help you
Hello again,
Over the years I have met many frustrated people who feel that hey are not going to be able to be in a position to ‘cash in’ on the bargain property opportunities that always exist in the market place.
Why do you think this is?
Well, let me tell you, it’s very simple – the reason is because they don’t have enough money for a deposit for a bargain property - even if they find one.
It would be very frustrating wouldn’t it?
Can you imagine stumbling across a property worth 100k - that you have an opportunity to buy for say 65k - BUT you don't have the necessary deposit required to fund the deal?
Its like finding a treasure chest full of valuable treasure – but without being able to ‘get at’ that treasure!
You would find a way though…..wouldn’t you?
If you did locate (legitimately of course) a ‘treasure chest’, or any other valuable item that you were unable to benefit directly from yourself, then I’m pretty certain that you creative mind would somehow find a way for you to take advantage of it!
It must have been a problem for years……
Almost 2,500 years ago Plato, the Greek philosopher and author must have had some pressing problem to overcome when he said…..
‘Necessity is the mother of invention’
He was referring to a situation where a particular need or problem encourages creative efforts or thought in order to meet the need or solve the problem.
So, in this context of property bargain hunting, I would expect someone who, lets say, found a bargain property for £65,000 – that was actually worth say £100,000– yet they didn’t have the 25% deposit (£16,250) that the lender would require of them - that would enable them to capitalise on their good fortune, would become ‘creative’ in order to solve their problem!
By overcome the hurdle of having no deposit they would increase their personal wealth by £35,000 – and that is just an example of a house worth £100,000 – well below the national average!
For most people that is a good enough reason to get creative!
Well, it hopefully won’t surprise you that over the years that I have taught people how to find bargain properties by employing the simple techniques in my proven system, I have come across many people who simply had nowhere near enough money to buy even one property – never mind to start building a substantial portfolio.
What have I told them to do?
That’s easy.
I told them that, as I was assuming they weren’t going to win the lottery or inherit some massive wealth from some maiden aunt, they had never met, then, if they wanted to take control - and buy their first ever bargain property – then they better ‘get real’ and do one of the following things in order to get the deposit
- Beg for it!
- Steal it!
- Borrow it!
Now, let me say that the ‘Steal it’ comment is very much tongue-in-cheek and stated in jest…..please don’t do that!
My point was that they would have to be creative.
We have all heard of people who have overcome massive adversity n their life and gone on to remove massive obstacles in their way in order to achieve massive things.....
Surely then, overcoming an issue of the scarcity of a, relatively, small amount of money is a minor issue?
2 people who particularly spring to mind are the man who could only afford my training services - and nothing else.
He figured that he would be so enthusiastic after learning that he would just do what he had to in order to make things work.
He did – and has now sourced around 200 below market value properties in about 5 years (hard to believe to some people perhaps – but true!)
Another was a person with, by his own admission, had a terrible credit history – albeit improving day by day. He ‘knuckled down’ and legally bought 15 properties in 18 months - by some creative application on his part and with my input. All totally 100% legal - I should add.
Cash in the bank, as an investment tool, now is almost pointless. Even though inflation is historically low at present....it is higher than most bank interest rates.
This means that by hoarding cash in a bank - people are actually getting poorer day by day - and I'm certain that that isn't their plan!!
OK, cash in the bank is better than having no cash at all, but from an investment angle, the returns are pitiful now. Many people like the idea of cash in a bank being like a comfort blanket - it makes them feel good and secure.
That’s why many new entrants to this business, who don't have their own cash funds, are simply borrowing money from friends and family and offering far better rates of interest to them
Another option is that they do ‘joint ventures’ with friends and family who have got cash –and split the proceeds in an agreed equitable manner.
Any such arrangement, be it a joint-venture, or a straightforward loan, can all be formalised quickly and cheaply through a solicitor - so that the 'lender' is fully protected and has no worries of losing out.
These are very simple example of being creative with your thinking. There are many ways of overcoming this really simple obstacle.
I feel passionately about people moving this apparent massive obstacle, which in many peoples’ minds – initially is the equivalent of Beecher's Brook in the Grand National, into something more surmountable.
I found it to be a blessing in disguise years ago……
When I first got into this business, I behaved very conventionally and paid more or less full market prices for houses - and put full deposits into the properties – using my own cash.
Unfortunately, cash has a nasty habit of disappearing quickly when you develop a property acquisition habit!
It certainly did for me!
Very soon I had no serious cash to move forward with. Of course I had a healthy portfolio that was growing in value day-by-day and giving me monthly profits.
However my only hope of continuing in the conventional way was to save up my monthly profits for another deposit.
This would be far to slow for my liking – painfully so…..whilst I was doing this waiting I would have been missing out on opportunities
And that is when I became creative.
Remember what Plato said…..
‘Necessity is the mother of invention’
Looking back now that was the time when I really started to stretch my mind and really learn.
It was ultimately worth it though – and now I find myself helping people with the very same issues that I once experienced.
Incidentally, you can read more about how I started in this business here
Hopefully this has inspired you and given you more than some hope if you always thought that you had to personally have money to buy bargain properties
You don’t need money!
You need knowledge...
Ask me…..
If you would like to run a particular issue by me relating to the subject of creativity and fund raising for the purpose of property purchases, please feel free to E-Mail me. Give me as much relevant information as possible so that I can best help you
