Please enable JavaScript.
Coggle requires JavaScript to display documents.
IQAR (TECHNIQUE (Use Zoopla, bid minimum £40k otherwise the property…
IQAR
TECHNIQUE
-
-
-
- look for properties who had been in the market for at least 6 months.
-
- look for least popular properties. and find what makes them special
- most reduced prices (look for at least 5% reduction) in a competitive market
- check map. it will highlight your saved properties
- compare prices to neighbouring properties to your highlighted ones and see if something is better
- you will be spotting hidden gems
-
BENEFITS
-
-
-
-
-
if you build relationships with these people such as contractors, it can be auto-pilot business. hands free
RISKS
-
-
trying to get the deal you want can go for months. this limits your growth. you could have bought and sold two properties in the meantime and generated solid income.
-
STRATEGIES
Buy to Let
Rental income: Yearly income / (purchase price + refurbishment) x 100
Rental yield differs from one area to another, but 8% rental yield is good aim.
-
-
FLIPS
-
-
-
-
-
-
20% minimum income if you're looking to re-sell. that will be between £20k to £30k on most properties
-
Mortgages
-
-
mortgage is good. Because with inflation. Prices of property get high. meaning the value of your property becomes higher. However, you are paying the same for your mortgage. even though the value of pound had decreased. your property value increases.
While if you buy full cash. even though your property value increases. you sell. the pound value decreases. so your profit in the big picture is not much.
-
-
-