housing boom or will you go bust?
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Housing Boom or will you go Bust?. How to pick the money making strategy that is right for you. What IF …….?. You heard something that will make you money? You learned something new that changed your business? You thought about something in a new way as a result of being here today?. - PowerPoint PPT PresentationTRANSCRIPT
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Housing Boom or will you go Bust?
How to pick the money making strategy that is right for you
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What IF …….?
You heard something that will make you money?You learned something new that changed your business?You thought about something in a new way as a result of being here today?
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What is informing your choices?
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Property News - What do you see?
Headlines of interest
rates rises
Rental shortages, Property shortages, rental increases, plenty of property?
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Do you feel like your life is a roller coaster inside of a maze,Do you hope it’s a phase?Spending way more than you save?
Tiny Tempeh - Tsunami
What’s going in your head
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Do you feel like a room without a roof,Is happiness your truthDo you know what happiness is to youAnd is that what you want to do?Pharrell Williams -
Happy
Or
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HAPPY
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2013-14Tripled my business turnover
The Sourcers Apprentice
The Property Sourcers
Quadrupled income, became limited company and VAT registered!
Named Telegraphs Top Most Influential People in Property
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My underlying beliefs
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This evening I will cover How to avoid the hype
How to pick the best money making strategy for you
How many properties do you need to be free
How much is it costing you to invest in property
How much are you realistically making
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The Business of Investing successFinancial Market
• Interest rates
• House prices
• Availability ££
Your Objectiv
es
• Life style• Time• Income
Strategy
• How much time
• Money in and money out
• Knowledge
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Financial Market
Interest rates and AffordabilityUp but WHENBuyers and renters
House prices Confidence in the market - without prices running awayDo I sell nowCan I afford to buy
Ignore the HYPE ! Availability of £££
Lender confidenceGovernment schemes
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Your Objectives
How much money do you need a month? How much profit will each of your properties
ACTUALLY generate?
Do the maths …… How many houses to you need to cover the
basics? How many to feel secure How many to feel free
How many houses do you need?
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Will your strategy get you there?
What strategy are you following? Why? For what purpose?
When do you get paid?
What are the risks to your income?
Strategy
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What strategy are you following?
Lease optionsFlipsBuy to letHMOsBuy and splitAssisted salesAdverse possession ……………..what else?
Strategy
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Capital Growth
Cashflow
High cashflow andPotential for capital growth
Low/No cashflow andPotential for capital growth
High cashflow andNo capital growth
Analysing the right strategyWhen do you get paid?
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What are the risks to your income?
The J Curve - More £££ into the business than out of the business for years until finally you make a profit?
When will you make money? How much will you make? Is it worth it?
Strategy
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What costs are involved in buying and selling?
How much cash do you need?
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Cost to flip 25% Purchase Price Mortgage payments – or bridging Cost of refurbishment Contingence Insurance Estate agent fees Stamp duty? Solicitor fees in and out
Strategy
How much do you want to make?
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Cost to flipStrategy
How much do you want to make?
25% deposit on £100,000 25,000.00 8 months mortgage 2,028.64 8 months insurance 200.00 Solicitor, broker, survey 2,540.00 solicitor to sell 1,000.00 1% EA fees 1,500.00 Contingency 2,750.00 Refurb 20,000.00
55,018.64
Double your money? £150,000
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Strategy
London 13.3%Increased to 17%South East 6%Increased to 8%Wales and NW 2.2-2.6%East Anglia 1.6%
What are REAL values in your area?
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StrategyOriginal value
100,000.00
Inflation @ 8% 8,000.00
Value of a new bathroom
2,880.00 2.88
Value of a new kitchen 4,600.00 4.6
Valued added through redecoration & carpets
3,500.00
Fixing damp 3,500.00
Paint the outside 3,500.00 25,980.00
New price 125,980.00 0.43
How much time did it take? 10 months
Your time ? 1 day per week? 40 days
You lost £4,038.64. and earned no wages
You could have had £750 per month cashflow and kept the asset!
What will you make?
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What about London!A Property in Wiltshire
Current purchase price £210,000 within 15 miles Two bed semi Chippenham Three Bed house Chippenham Most of Swindon
What value can you add?
Strategy
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Original value 210,000.00
Inflation @ 8% outside LONDON
16,800.00
Value of a new bathroom 7,200.00
Value of a new kitchen 11,500.00
Valued added through redec 3,500.00
Fixing damp 3,500.00
Paint the outside 3,500.00 46000.00
New price 256,000.00
StrategyWhat will you make?
25% deposit on £210,000 52,500.00 8 months mortgage 4,494.00 8 months insurance 280.00 Solicitor, broker, survey 2,390.00 solicitor to sell 1,000.00 1% EA fees & stamp duty 7,700.00 Contingency 4,000.00 Refurb 20,000.00
92,364.00
Sell at £249,864.00Repay mortgage £157,500.00Repay cash £92,364.00Profit ………....…………..…..£0! for TEN months effort
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Affordability
Who will buy from you What can they afford to borrow First time buyer market
Couple earning £25,000 and £30,000 Joint multipliers subject to checking
4.5 x joints or 5 times joint
Investor market? Stamp duty thresholds?
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Deal Analysis Workshop DVD
Free voucher worth £100
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This evening I covered Why you need to avoid the hype
What is the best money making strategy for you
How many properties do you need to be free
What it is costing you to invest in property
What you are really making from property
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What IF …….?
You heard something that will make you money?You learned something new that changed your business?You thought about something in a new way as a result of being here today?
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Free Gift for everyone in the room
www.TheSourcersApprentice.com/White-Paper
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Deal Analysis Workshop DVD
Free voucher worth £100
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Free Gift – for the first 10 replies
Free twenty minute Micro Strategy Session with Vicki
How many properties do you already have? How much money do you need to make from property in
the next twelve months ? How much money do you have to get you started? What help do you think you need? What is your phone number?
Email your answers to these questions to [email protected]