THE OUTLOOK FOR BUY TO LET IN 2008

I thought it would be right to write to you to explain what I think about all the reports in every newspaper that there is going to be a property crash etc. First of all you need to define what a property crash is. I will give you the media's version of what a crash is: A 0.1% decrease on the AVERAGE UK house price.

Lets really look at this. The average UK house price is just over £230,000. A 0.1% decrease equates to a £230 decrease. So do I think it is possible that house prices will crash? YES, YES and YES. Of course I do. Every month there is a possibility that average UK house prices can crash because we are looking at only a £230 decrease or more.

But I put this to you. Do you really care about AVERAGE UK house prices? I don't. The average UK house price has nothing to do with me. I have never paid more than £80,000 for an investment property. The only time I have paid more than the average purchase price is when I bought my own personal residence which cost me well in excess of the UK average which is paid for by owning all my 200 well under average UK house price investment properties! I am not boasting, just making a point.

I have 4 purchases currently going through at the minute. They are costing me £120,000 for the FOUR properties which were found for me by one of my trusted sourcers (and yes I had to pay him!). Each property is a 2 bed flat and will rent out at £350. That's a 14% yield. Now I plan to buy 400 properties this year. I have revised it upwards from 200 because the UK & USA property market looks better than ever in the current hotspots I look at.

So my message to you is ignore what the papers say as they are not landlords. If you want to know what most landlords are doing then research what they are doing. Some research done by Paragon showed that 9 out of 10 landlords are buying more and the average length these landlords expected to hold these properties were 18 years! I haven't even been a landlord for 18 years. But I know one thing. Property Investment rewards those who are in it for the long term. So as long as you are really looking to invest rather than make a quick buck then you will succeed.

If you want to find out more about how to make money in property then feel free to have a chat with one of my guys. To arrange a chat please fill out my quick complete form by clicking here.

Good luck with your investments.

Ajay

PS. £1,000 invested in the stock market 10 years ago would be worth £1,000 now. That's called devaluing your cash! £1,000 invested in property 10 years ago using a buy to let mortgage and remortgaged as property prices increased would be worth £10,000,000 now.

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