Property Sourcing ProfitsProperty Prices Down 25%, I Will Show You Where...
Things are changing and in this episode, David shares the facts about what’s happening right now in the property.
Rents will be increasing because of the shortage of rental properties available combined with landlords affected by Section 24 needing to increase rents to remain in the same position as previously.
Property is a people business and in some places, property prices are going to fall by as much as 25% with individuals who have to sell and as a deal packager you could be out there helping them and securing great deals.
KEY TAKEAWAYS
- The prices will drop by 25% on those properties where people have to sell and have some equity in the property.
- Property is a people business and now it’s all about the vendor and if they have to sell.
- You can be helping someone if they are in a position where they need to sell.
- In some areas, there are very limited rental properties and wherever there is a shortage rents will go up.
- Landlords affected by section 24 will have to increase rents to remain in the same position as before section 24.
- Use section 13, where possible, to increase rents.
- The are many rental models available including
- In addition to a successful credit check having a property owner guarantor behind every rental agreement brings security.
BEST MOMENTS
‘It’s starting to happen now – I’ve already purchased below market value’
‘The number of rentals on the market at the moment is tiny’
‘Some people will have equity in their properties and will want to sell at a lower price because it’s helping them’
VALUABLE RESOURCES
Property Sourcing Profits Podcast
https://www.progressiveproperty.co.uk/
https://unlimited-success.co.uk/
https://www.facebook.com/groups/progressivepropertycommunity/
ABOUT THE HOST
David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.
In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.
The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.
CONTACT METHOD
