We are on to big things this year.  I had a meeting with one of the largest national property sourcers in the UK.  They advertise everywhere:

 

TV

Yellow Pages

Radio

Tabloid Newspapers

 

And oh yeah the internet!

 

These guys get in excess of 1,000 leads per month as their marketing budget is huge.  I thought mine was big but I am talking triple digit thousand spend per month (that’s in excess of £100k in non-business speak!).

 

We have been working with them for over a year now and we have always told them we want this:

 

Min 28% BMV

Max Price £125,000

Min yield 7.5%

 

We told them this because we believed we could sell a deal like this quick time.  However I had a rethink.  There are lots of investors out there who are happy to take:

 

A lower BMV

A higher price

A lower yield

 

if it is in their home town and city. 

 

So guess what.  I am going to present to my clients the deals that this national property sourcing company get for them to consider.  The criteria is now this:

 

Min 15% BMV

 

That’s it.

 

So if you are a client expect to see more properties which will be closer to where you wish to invest.  We will be presenting deals in primer locations and locations closer to your home.  These deals will be direct with the vendor who are simply looking for a quick sale.

 

There will be a larger deposit required but this will be compensated by the fact that the property is in an area you may well know rather than an area less well known.  To help out we will charge a lower sourcing fee to help out.

 

These deals will not be for everyone however for those who want a portfolio closer to home and are willing to put a bit more in to the deal then we might just have the deal for you.  For all you know it might just be your next door neighbour’s house!

 

Keep a look out.

 

Ajay

 

PS If you want to be a client talk to us.

Posted on: 24th Jan 2010