Comments on: Back to Basics http://propertyinvestorsnetwork.co.uk/blog/back-to-basics Advanced Property Tips + Networking For The Serious Investor Wed, 01 Sep 2010 22:48:17 +0100 hourly 1 http://wordpress.org/?v=3.0.1 By: Simon Zutshi http://propertyinvestorsnetwork.co.uk/blog/back-to-basics/comment-page-1#comment-326 Simon Zutshi Sat, 08 May 2010 08:13:37 +0000 http://propertyinvestorsnetwork.co.uk/blog/back-to-basics#comment-326 Hi Gren, Two great questions. First of all on the point of ehtics, as long as you solve the sellers problem in a way that works for you and for them then buying at a discount is perfectly ethical. There are many people who still use creative finance to use the discount to represent the deposit. However, as lendeers have tightened up their criteria some of the methods being used are very close to the line. As long as the lenders criteria are all being met and everyone is declaring everything they need to declare there are no problmes but I doubt lenders would like it if they know that the investor had not put any money in . We now teach the very best way to buy (to make sure everything is legal and ethical) is to buy at a discounted great price and put the 25% deposit in> the deposit does not have to be your money. You could do a joint venture with another investor who funds the deposit for you and you give them a return on their investmentand or maybe a share in the equity. With the current very low interst rates there are many peole who are getting literally no return on their svaings and yet you could easily offer them an 8% to 10% annual return on their money if you find the right kind of property deal. I hope this helps Kind regards Simon Hi Gren,

Two great questions.

First of all on the point of ehtics, as long as you solve the sellers problem in a way that works for you and for them then buying at a discount is perfectly ethical.
There are many people who still use creative finance to use the discount to represent the deposit. However, as lendeers have tightened up their criteria some of the methods being used are very close to the line. As long as the lenders criteria are all being met and everyone is declaring everything they need to declare there are no problmes but I doubt lenders would like it if they know that the investor had not put any money in .
We now teach the very best way to buy (to make sure everything is legal and ethical) is to buy at a discounted great price and put the 25% deposit in> the deposit does not have to be your money. You could do a joint venture with another investor who funds the deposit for you and you give them a return on their investmentand or maybe a share in the equity. With the current very low interst rates there are many peole who are getting literally no return on their svaings and yet you could easily offer them an 8% to 10% annual return on their money if you find the right kind of property deal.
I hope this helps

Kind regards

Simon

]]> By: Gren Cartwright http://propertyinvestorsnetwork.co.uk/blog/back-to-basics/comment-page-1#comment-324 Gren Cartwright Fri, 07 May 2010 16:33:04 +0000 http://propertyinvestorsnetwork.co.uk/blog/back-to-basics#comment-324 I've just read your Back to Basics article (It is now May 2010). What is the current situation with no money down finance. Can it still be done legally (and ethically) or do you need a pot of money to fund 25% deposits? I’ve just read your Back to Basics article (It is now May 2010). What is the current situation with no money down finance. Can it still be done legally (and ethically) or do you need a pot of money to fund 25% deposits?

]]> By: DARSHAN BHARJ http://propertyinvestorsnetwork.co.uk/blog/back-to-basics/comment-page-1#comment-130 DARSHAN BHARJ Sun, 28 Sep 2008 14:07:24 +0000 http://propertyinvestorsnetwork.co.uk/blog/back-to-basics#comment-130 Hi Simon Having attended your BMV Quickstart seminar on 27th september, I just like to say I gained a lot of knowledge and find your style of teaching excellent. I like the idea of networking with other investors and met some lovely people. Thank you for all your help and advice. Regards Darshan Darshan Hi Simon

Having attended your BMV Quickstart seminar on 27th september, I just like to say I gained a lot of knowledge and find your style of teaching excellent. I like the idea of networking with other investors and met some lovely people. Thank you for all your help and advice.

Regards

Darshan

Darshan

]]>