ARMCHAIR BUY TO LET INVESTMENT
- Let us source you a property
- Find you a tenant
- Fully manage the property
New Buy to Let Deal Released 5pm: HEADLINE FIGURES
- Current market value: £55,000
- Refurbish costs: £8,000
- Predicted end market value: £80,000
Please click on the image below for property particulars:
HOW IT WORKS:
Refurbish the property at a cost of £8,000
Sourcing fee £2,340
You want the property to go up in value enough to cover most of your refurbishment costs, and other costs.
Proposed valuation after refurb £80,000
You could choose a finance product that requires a 25% deposit £60,000.
You therefore purchase the property minus all or your costs (Refurbishment £8,000 + other £2,340= £10,340).
£10,340 – £60,000 = £49,660
You buy the property at £55,000 to make this property a potential LITTLE MONEY left in.
You have only had to potentially leave £5,340 in the property; the rest of the money has been recycled back out.
SLIP POINT PRINCIPLE
- Most of the time expect to leave in between 10%-25% of your initial capital investment.
- Bad areas will allow you to pull all of your money out, but why would you want to buy a property in a bad area?
- There is a 1 degree of difference between a successful property investment and amateurs. ROCK SOLID INVESTMENT
TAKE ACTION – LINES OPEN FROM 5:00PM TODAY:
Book a call/ register your interest/ reserve the property:
Or call: 0191 491 0333 and ask for Mike Bell
Investment property that will run itself letting you do the things that you enjoy