Have you ever heard of synergy? Well its where the sum is greater than its parts. This applys to property as well. We have many clients making money by buying property that consists of 2 or more individual dwellings, e.g. flats, but held on one legal freehold title.
Real Life Example:
You will need a solicitor to create the titles for you, but for a bit of legal work and creating of a management company, this client made over £100000 gross profit.
When the property has been purchased, long leases will need to be arranged for each individual flat by the solicitor and simultaneously new mortgages will need to be arranged for each individual flat but can be arranged at 85% (or possibly even 90%) of their new increased value-releasing your instant capital growth!
Posted on: 26th Feb 2008