Property Networking Archives | Blue Crystal Property Management

Is buy to let investment right for you

A buy to let property investment is right for you of you prefer investments that are more tangible than stocks and shares. Are willing to tie up your money for a long period of time You accept that property prices can go down as well as up You are willing to take the risk that you may not earn a profit on your investment You understand and accept the additional risks that go along with borrowing money to buy a property You understand and accept the costs and time involved in owning and running a property and the impact that this will have on your potential return. When you become a landlord, you’re effectively running a small business and this comes with important legal responsibilities.

The best property investing strategy for 2020

Not only is it the start of a new year, but a new Decade, and in a few years time, we will look back at 2020 and realise that it was probably one of the best investing opportunities of this Decade. The question is, are you ready for 2020? In this first article for 2020, I want to explain why this month (January) in particular is so important and why it will create a huge opportunity for you if you are ready for it. Unfortunately, many people will miss out on this opportunity and I don’t want that to be the case for you, so please make sure you read this article carefully to really understand the opportunity in front of you.

The 5 Golden Rules of Property Investing

When I first wrote my book “Property Magic” I wanted to come up with some simple guidelines which would help investors to minimise the risks of investing and maximise their returns. I observed that most investors, myself included, made some common mistakes which could easily be avoided by following these principles: Always Buy from Motivated Sellers Instead of looking for a property you like, and then negotiating with the seller to try and get a discount, I have a smarter strategy. Look for motivated sellers, who will be flexible on the price/and or the terms of the sale. Once you have found a motivated seller you can decide if you want to buy that particular property. For a quick sale, the owner may sell it at a discounted price. The amount of discount will vary on their motivation and the general market conditions. In a rising market you may be happy with a 15% to 20% discount. In a falling market you would want a bigger discount of 25% to 40%. This is to give you more of a safety buffer in case prices come down further. There is a huge amount of uncertainty in the current property market. There are potentially lots of landlords looking to sell up early, over the next year or so. The next 12-18 months could be the buying opportunity of the Decade.

Where to invest in property: the best commuter areas of London

Where to invest in property in London If you’re thinking of where to invest in property, you may want to explore the best commuter areas for your purchase. Here’s a list of tips. Keep in mind to focus on the areas that are within 30 minutes commute to Central London. Leyton – Central Line, 23 […]

West London Property Networking

To bring together, monthly, West London property professionals and people who have a serious interest in Property to network with peers, share opportunities and hear from expert speakers about the latest market trends and news, legislation changes and issues affecting Property Investment and Development. It does not matter how much experience or property you have, everyone is welcome. The meeting is for new or sophisticated property investors or developers, industry professionals or service providers. Investors/ Developers/ Landlords/ Sources/ Lenders/ Mortgage Brokers/ Finance Brokers/ Insurance Brokers/ Lettings Agents/ Sales Agents/ Accountants/ Conveyancing Solicitors/ Architects/ Surveyors/ Interior Designers/ Builders Venue: Clayton Hotel Chiswick Networking starts at 1830 at meeting room dedicated to West London Property Networking.

10 tips for buy to let success

1-Buy a property that is not very old and tired This will mean less maintenance down the line. As lovely as a period two-bedroom house sounds, you’re not going to be living in it. Do not get carried away about any purchase as a home. It is a business deal. 2-Buy the type of property that is most “lettable”. Two-bedroom houses and flats are ever popular and appeal to the widest range of potential tenants, especially those who are finding it tough to get on to the property ladder. Avoid large family homes, which appeal to fewer potential tenants. 3-Don’t restrict yourself to your own immediate area Don’t restrict yourself to your own immediate area but research others Remember, you are not purchasing to sell again in a year. You will probably own the property for the rest of your life, so concentrate on getting the best rate of return on your money. 4-Make sure the area has a healthy market for tenants. Be shrewd about the exact location of the property within your chosen town or city. Convenience is a useful factor. Being within walking distance of shops, railway stations, the town centre and so on will ensure that your property is high on the list of desirable places to live for tenants.

Ways to invest in property

Buying a property outright This is the common well known option. There are several risks when you buy property directly, whether for yourself or as a buy-to-let investment. Money tied up – unlike shares or bonds, it takes a long time to sell property. Big commitment – when you buy a property, you’re putting a lot of eggs in a single basket. You have to come up with 25% deposit in most cases, which is a high amount to tie up for a period of time. Buying and selling costs – with estate agent and surveyor fees, stamp duty, land tax, solicitors’ and conveyancing fees to consider. From 1 April 2016, you’ll have to pay an extra 3% on top of each Stamp Duty band when you buy an additional home or a residential buy-to-let property. Demanding – doing maintenance work and managing property takes time and money. You might need to extend the lease – if you don’t own the freehold outright. This is another cost and can take some time to negotiate.

Top 10 property investment tips

Having worked as property managers in London for so many years, we’ve collected in this post our top 10 property investment tips. We hope they can guide your choices to purchase the best investment property solution. 1. Choosing the right property at the right price Investing in the property market is usually all about capital […]