It is great when we get told we are great by our clients and we love the positive feedback as it drives us further to go out and get those deals.

 

Now Google think we are great.  For the following search terms we come up number 1:

 

Cheap property

Investment property

No money down

 

Now if there were 3 terms that described what my organisation get up to it would be the above!

 

So if you are looking for a CHEAP INVESTMENT PROPERTY NO MONEY DOWN then come to us.  The whole of the UK investment property buying public will be soon as Google loves us so get in early (only kidding!).

 

Seriously though cheap investment properties are out there.  I am meeting with RBS in London on Tuesday to provide me with a £24m fund to buy cheap properties.  However whether is one property or hundreds they all are the same:  High yielding.

 

The banks are now looking for properties that yield 9.5%.  This will mean the prices we bid will be even harsher (sorry to all those struggling property owners who want to sell) as we need the yield to be high.

 

Had an interesting meeting with a solicitor yesterday as well and they are creating a bridging, legal and mortgage finance deal specifically for the Ahuja Group clients so we can buy no money down (and by the way the costs are well cheap!).

 

The thing is these banks what good borrowers.  Good borrowers are either:

 

1. £20,000 annual income or £35,000 combined earnings of couple
2. Equity in their home or savings of greater than £20,000

 

Or both.

 

If you fall in to one or both of these categories then can I say you are in a privileged position.  You can buy where others cant.  This means you will get bargain properties and others wont.

 

Do you want to part of the club?  Let me know.

Posted on: 25th Jun 2009