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Hi, I would like to ask your advice on BTL properties. I have contacted a few property search companies and I need to make a decision based on the following options such as buying a home in the USA, buying one in the UK at 20% BMV, buy a local property that I know. Which should I choose?
Thanks
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| Posted: 06 Jun 2011 11:12 Back to top |
Amanda
Posts:31
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Thanks for your question – in a nutshell we’re worried!
Have you completed a property investment brief? Understanding what you want and by when from property is essential and without this, it’s impossible to make a decision. Have any of these companies asked you what you want from your investment? Have they given guarantees or money back if it doesn’t deliver? What risk are they taking? We provide a property investment brief for free, just email: enquiries@designsonproperty.co.uk
Secondly NEVER buy a property without seeing it! So if you aren’t going to the states or can’t look at the BMVs, run away.
You’ll see that the people above though they were getting a good deal, but sadly nothing has happened.
Investing in property requires weeks of work, time and effort and if you can’t spare this, you are probably better off investing via property funds with companies that are registered with the FSA
We suggest you read our articles on working with property investment companies:-
http://www.designsonproperty.co.uk/articles/First-time-property-investor-Where-do-you-start
http://www.designsonproperty.co.uk/articles/Top-Tips-to-Becoming-a-Successful-Property-Investor
http://www.designsonproperty.co.uk/articles/property-investment-is-not-a-passive-pastime
http://www.designsonproperty.co.uk/articles/BMV-Properties
http://www.designsonproperty.co.uk/articles/Property-investment-clubs-return-with-new-sales-pitch
Once you’ve read these, why not get one to one help from us by buying our
Property Investment Pack - http://www.designsonproperty.co.uk/store/products/151
Buy to Let Pack - http://www.designsonproperty.co.uk/store/products/142
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| Posted: 06 Jun 2011 11:54 Back to top |
