Most Popular Property News Story Of The Month

It’s A Funny Old Game…

Inspiring Words

Parmdeep’s Bargain Property Marketing Tip Of The Month

cash is a smart move because there are lots of bargains about and cash is king when it comes to snapping up good deals.

2. On the other hand you could spend 18 hours a day, 7 days a week busting your guts in business or a job for great money but no time to enjoy it. Lots of people do exactly that, especially in London where I tend to meet a lot of workaholics. They all say it’s a short term thing but I really don’t buy into that – once you form the habit of working that hard it is very difficult to switch gears later. Besides, what’s the point of sacrificing your health and social life for extra income you cannot even enjoy?

A Balance Is Needed!

In my opinion, we all need to be thinking long term about passive income and financial freedom in this climate.

The extreme workaholic example I just gave can work short term but how can you possibly sustain that work load long term? The short answer is you cannot. Nobody can. Income streams need to be built up slowly but surely so that as the income builds you can increase your time off too.

In other words what can you start building today that provides for your long term needs?

Let’s look ahead 10 years. If after 10 years you had twenty properties all with low gearing and your portfolio generated you a net income of £50,000 per year would you be happy? I would imagine most people would be very pleased with that scenario and if that’s the case, then it doesn’t really matter what the property market does in the meantime. As long as you have that income stream and the properties are well managed then you have reached your goal.

If you buy in good locations, then you will have a very stable income producing asset base that will continue to support you. Once again, it doesn’t matter what the market is doing or has done up until that point if your main goal is income. If you need more income than £50k per year then simply save more money and buy more properties with low gearing.

Rent out your driveway
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Why the rich are buying cheap houses
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A guide to affordable housing schemes
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Most landlords still keen on long-term investments, survey says http://tinyurl.com/45gfop

Economy to start upturn next year

2. GONE - READY MADE DEAL – 30% Below Market Value, Shropshire,
37k Equity
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the credit crunch? a. ING b. Northern Rock c. HSBC 6. Who did the Cornish National Liberation Army (CNLA) blame earlier this year for rising house prices? a. Rick Stein and Jamie Oliver b. Tony Blair c. TV's Sarah Beeny 7. What commitment did Gordon Brown make in his first budget as chancellor? a. "I will not allow house prices to get out of control and put at risk the sustainability of the recovery" b. "I will do all I can to ensure every family can get on the housing ladder" c. "I will bring in a windfall tax on second homes, to help young people to settle in their home towns" 8. What did mayoral candidate Boris Johnson attack recently? a. "Corking rises in stamp duty" b. Plans to build on the "green and pleasant swamps" of the Thames Valley

and wrote a ticket. After he had finished his speech of speeding, I asked whether he knew anyone who wanted to buy or sell real estate.

He looked at me bewildered and said, “I

Before you go and do that, think carefully about what your leaflet will say. The key to creating a successful leaflet is to understand who you are targeting:

Most leaflets fail because of one of the following :-

• Saying the wrong thing to the wrong people
• Saying the wrong thing to the right people
• Saying the right thing but to the wrong people
• What you want to do is say the RIGHT thing to the RIGHT people!!!!

Who are the right people? They are people who are interested in what it is you’re trying to sell. So in our case as property investors we are looking for Motivated Sellers.

These are people who need to sell ….. This means they are willing to accept a below market value offer for their property. There are many people who may be in this situation a few examples of such people are listed below:-

• People facing Repossession
• Those experiencing Financial difficulties in general
• Divorce
• Tenant problems
• Inherited property
• Relocating
• Health problems

for the purpose of cycling over there with my dog Bruce from where I live now (about a mile away).

I always take a packed lunch with me (one for him one for me) which we usually eat somewhere in the countryside behind my plot. This has given me the opportunity to meet lots of local people I would not have met otherwise and to make the most of the beautiful area I will soon be a part of.

Other projects…

You might be interested to know about any new projects I have lined up?

I do have one very exciting project I can tell you about. It’s a project I have not mentioned much publicly and it goes something like this…

A lot of property people have been asking me recently how they can start a high cash flow home based information publishing business that requires little or no start up capital and can be run flexibly with very little resources other than a pc or laptop.

I've been running lots of these types of businesses for five years now and in that time I have mentored hundreds of others on how they can do the same thing. I will be launching a book early next year on how property investors can get started with their own home based information publishing business. If you have any feedback or things you would like me to talk about in the book please let me know! I will try my best to cover anything you would like me to
focus on.

My aim with the book is to help any property investors out there who
might be

Top Tips for Cheap Buy to Let Investments

Buy to let has fast become one of the most profitable and viable property investment alternatives in the UK. If you feel that buy to let is the right investment for you, keep these simple tips in mind to make the most of your money’s worth:

1. Research.

It pays to do some preliminary research on a prospective property investment before signing on the dotted line and forking over your hard-earned cash. In a long-term investment such as buy to let, it pays to know all that you can about your chosen property. Just like all property investments, a buy to let property should not be an impulse purchase.

Since you are investing a considerable amount of money, it pays to spend some time comparing various locations and price points. If you are a first time investor in buy to let, research on how the process works too. You would be surprised to note that there are some unique considerations in buy to let, such as dealing with tenants, some legal requirements and financial matters.

2. Have a budget.

Your budget should be planned and well thought out. Spend some time pencil pushing to come up with a realistic budget that meets your present financial situation. After you have come up with a budget to your liking, the next step is now the most challenging – sticking to it.

Once you have set your budget, you will now embark on finding the right property within your price range. Having a budget makes the buying process easier as you can quickly narrow down your selection to those properties within your price range. Sticking to a budget also prevents you from getting carried away with a property that is well beyond your means.

3. Shop with your tenant in mind. In choosing a property for buy to let investment, keep the needs of your prospective tenant in mind. Most start-off families want a house in the suburbs and value security and safety, as well as proximity to schools, hospitals and public transport as their top criteria in choosing a home. On the other hand, students want to be close to their school or university and will opt for an affordable low maintenance flat that is a manageable

size. Young professionals want a hip, trendy living space in the heart of the city or close to shopping haunts, retail establishments, recreation and leisure spots.

Keep these considerations in mind when choosing a property. Do not ask yourself whether you yourself would want to live in a potential property, but whether a prospective tenant would want to make it his home.

4. Negotiate the price.

In purchasing a property, the price is often negotiable. Buying below market value should be your goal to ensure the least capital output and the highest profit. Do not be shy to ask for a reduction in the price. Sellers are oftentimes willing to grant you a reduction of the price. Furthermore, even before you start the negotiation process, make sure that the asking price of the property is fair. If you are not very confident in the deal that you are about to enter into, compare the price of the property you chose with two or three similarly situated properties in the same area. You can also ask for the opinion of a letting agent or property mentor for advice.

In this section I will be highlighting the latest and very best resources to help you build a successful income generating property business. Some of the resources are best selling products we have developed to help our clients maximise their profits with minimal risk:

How To Get Started In The Property Business…

• Free Mini Course Reveals How to Find Bargain Properties -> www.TheTycoonMethod.com

• Do You Make These 7 Fatal Mistakes When You Look For Bargain Properties To Renovate And Sell On For Fast Profits Of £50,000 Or More? -> www.property-renovation.com

• They Laughed When I Wrote Down My Goals… But When I Started Making £2,578.39 Per Week... -> www.propertyhabits. com

How To Find Bargain Properties…

• Free Mini Course Reveals How to Find Bargain Properties ->
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• How To Use The Internet To Find Bargain Properties ->
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How To Raise 100% Finance And Buy Properties No Money Down…

• 100% Finance Service For UK Investment Properties – Special Rates For Tycoons Newsletter Readers -> www.propertyfinance. com

Creative Property Investment Strategies (No Money Down, Tax Avoidance, Buying Properties through a limited company, joint venture partnerships, options and lease options etc)…

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Virtually all of our products come with full money back guarantees giving you the opportunity to try any of our products (at our risk). If for whatever reason the product does not match your expectations you may request a full and immediate refund.

Property investors often say to me “Deep, how can I make my existing property portfolio more profitable?”

It’s a tricky one and there is no ‘one size fits all’ answer. Let’s look at a few options:

1. Increase your rents – a good strategy but not always possible especially when the market is very competitive (in fact you may have to lower your rents in some cases to get your properties rented quickly)

2. Try to find new more profitable uses for your property – a classic example would be taking a large 6 bedroom detached house and turning it into 3 self contained flats. This strategy can only be applied in certain situations of course.

3. Assuming the property is financed with a loan an investor could renegotiate financing terms or refinance with a different mortgage lender. There are some great rates out there at the moment so this is a viable option that I will focus on in this article.

Let’s look at an example of how a property investor might go about making her property portfolio much more profitable by taking the refinance route…

She is paying £600 per month a mortgage interest on a property which earns her £800 per month in rent. That’s £200 per month (gross) that she gets to keep each month. She has an average level of equity in the property.

If she could refinance the debt and reduce her mortgage interest payment from £600 to £500 per month then let’s look at the figures now.

Her gross profit each month has leapt from £200 to £300 – that’s an increase of 50%. Keeping everything else equal, let’s assume she has 20 of these properties. That would mean her gross income shooting up from £4,000 per month to £6,000 per month!

That’s a £2,000 increase in her monthly income for nothing more than speaking to an honest independent mortgage broker and filling out some forms.

Let’s look at another example. A property investor owns £1m of property with loans of £500,000 secured against the portfolio. The total rental income is £80,000 per year. Mortgage interest payments are £35,000 per year.

By simply refinancing the £1m property portfolio up to 80% of current market value he ends up with £300,000 in cash (£800,000 - £500,000) that he can use to purchase more properties. His interest payments rise to £56,000 which are covered by the £80,000 in rental income coming in.

Overly simplistic examples perhaps but I’m sure you get the idea.

This approach doesn’t just work for BTL investors either. It can be applied to whole raft of property investments including renovation projects, redevelopments, land acquisitions, conversions, buy to sell properties, commercial property investments and even second home investments.

Get A Trained Professional
To Help You

Hitting the web and choosing a mortgage product from one of the many of lenders out there can be headache. For a start you will not be able to access many of the ‘special’ products that lenders reserve for brokers. Why? Because they have buying power that you as an individual will not benefit from.

You will also waste valuable time chasing people you do not have much influence with. For example, I’ve just raised £980k from Lloyds TSB for a development project I’m working on. My broker called the bank every other day to answer their questions and chase the application. Then more questions and more chasing followed by bankers taking holidays followed by a few more questions and so on…

After all that you’d expect them to have an offer for me within a few weeks wouldn’t you? The mortgage offer took the bank THREE MONTHS to get out to me! And in that time my mortgage broker had invested many hours either on the phone, sorting out forms himself or discussing things with me.

He is not paid a penny unless the mortgage goes through so why would I want to waste my time chasing everything when he can do it all for me?

What Should You Watch Out For?

Be VERY wary of mortgage products with the very lowest rates. Some deals appear very attractive until you read the fine print where you will not only find hefty arrangement fees (sometimes

added to the loan but repayable by you eventually remember) you may also be forced to pay substantial redemption penalties if you repay the loan early. This is fine if you want to be tied in for a while but make sure you are aware of the flexibility you have given up.

An independent properly qualified mortgage broker can you lead to the best deal.

How Do I Find A
Good Mortgage Broker?

We have several quality mortgage brokers on our Tycoons forum website or if you prefer you can drop me a line via
broker@property-finance.com or call our office on 0121 702 1414 and I’ll give you the number for the team of mortgage brokers who handle all my business.

They will call you back and talk you through the hottest deals on the market. More importantly they will take all the hassle and trouble out of finding the best buy to let mortgage product for you.

Getting The Very Best Deal

It’s important that you secure the very best terms on offer. My team will show you how to structure your application in order to do this. They will search the market for the most appropriate deals that will allow you to reduce your monthly repayments and/or raise extra cash you can use to buy more properties or do whatever else you want to do with it.

They can help fund HMO properties (licensed or unlicensed), ex council properties, commercial properties, flats above shops, studio flats, bedsits and part commercial part residential properties. Tenant types include students, DSS, companies, housing associations and councils.

No matter where you are in the property business – established or just starting out drop them a line and see what your options are. Drop me a line via
broker@property-finance.com or call our office on 0121 702 1414 and I’ll give you the number for the team of mortgage brokers who handle all my business.

If you have any queries whatsoever about the Tycoons community you can contact our support department for help. Our "Tycoons Team" are responsible for this role. You can find them by going to www.TheTycoonMethod.com. Scroll down the page until you see the "Forum Feedback And Queries" section. Feel free to post any query or feedback for us in there. To help you find our Tycoons Team I have listed their profiles for you below.

Please feel free to contact them anytime for any help you may need, to make new contacts or if you see any opportunities to work together.

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Profile: Bhupinder Sohanpal
I am a young, enthusiastic lawyer who has worked for one of London's top five law firms.  I am currently on sabbatical to do a postgraduate course (PhD) and learn the art of property of entrepreneurship.

Through my study and application of the law I have acquired the ability to be discerning, clear thinking, logical and of common sensical mind.  These are qualities which are transferable in any business venture. 

I have excellent research skills together with sound commercial nous and a strong sense of integrity.

As well as adopting the role of Member Satisfaction Manager, and as a newcomer myself to property, I am happy to be a mutual point of contact for all those new comers for whom things may seem a little daunting.  Together we can share the experience of realizing our aspirations.

Due to my insatiable appetite to learn and implement I am  also willing to help an experienced investor and or developer with any suitable tasks. 

Further, I am keen to help look for properties on behalf of investors in West/SW London.

Passions that stir my heart are mountaineering,

the great outdoors, poetry and literature, environment and service to make this planet a better place.

I feel privileged to have this opportunity to learn, work and help on the Tycoons Forum.

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Profile: Leslie Parr

Hi my name is Leslie Parr. We have three grown-up children two lads & a girl and two beautiful grandchildren. We have recently celebrated our 25th Wedding anniversary. We went to Deep’s Spanish retreat for the celebrations.

I worked in the Chemical industry on 12 hour shifts for 24 years. When I was made redundant at Christmas 2006, I joined Deep’s forum after searching for information about buying investment property. I had never heard of BMVs before I sat reading the forum for about 4 weeks before I posted.

I wanted to know as much as I could so I would not make a fool of myself when posting questions. I have met Deep twice (very down to earth guy). I received a call from a forum member who asked if I could view a property for them in my area we had a good chat. Since then we have done a few JVs we are waiting to complete on two properties in Wales. We are in the process of setting up a meeting with a landlord who is selling a property portfolio of 35 houses. If we succeed with the negotiations we will have purchased around 40 Properties in the span of twelve months. This is a whole new world for me and I learn something new every day. This is the best property forum that I have been a member of and 99% of the members will help you move forward to achieve your dreams and goals. The amount of information and help you receive far outweighs any membership fee. If any tycoon team Member can be of any help to any new members please

just ask. Don't sit there like I did for a month. Read as much as you can on the forum as 90% of your questions have already been asked, just search for the answers. They are there.

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Profile: Tee Bodani

Like many of you, I have Deep to thank for opening my eyes to the world of BMV property investing some time ago and I have never looked back since. I have a Finance & Marketing background having previously held Financial Analyst positions for companies such as Coca-Cola and the BBC. However, my true calling was always that of an entrepreneur and I have run numerous successful businesses for more than a decade.

As a property investor, I have developed a special interest in Creative Finance & Legal methods to acquire property and I'm also very passionate about inspiring and helping people to achieve significant wealth using property as the investment vehicle. It's great to be part of this community of like minded investors and I look forward to working with some of you. Please feel free to contact me if I can help you in any way.

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Profile: Juswant & Sylvia Rai

Hi everyone, we are Juswant and Sylvia Rai aka Mr. and Mrs. Rai. We'll keep it short, but once Sylvia gets going...! Our background is 20 years working in IT (Juswant) and 15 years in Finance (Sylvia). When we met three years ago we realized very quickly that we had a common interest - Property!

Continued on next page…

After years of watching other people get wealthy from investing in property, we decided we wanted a piece of the action, too! During our research on the Internet for better ways of buying property, Deep and his No Money Down methods jumped out at us.

We dived in head first, started attending Property Networking events and joined Deep on his forum - and what a goldmine of information! We were warmly welcomed by all and information was freely available for anyone that asked. This forum has grown and evolved into a much bigger place but the spirit has remained. We have made many great 'virtual' friends that have translated into 'real-world' friends, colleagues and contacts. At the last Property Investors show, we helped a good friend of ours on his stand for 3 days and with our real names and pictures on the forum, many people recognized us and stopped to chat.

Going from a J.O.B to Property Investor has been an interesting & challenging journey for us. We have had help from many people often with no expectation of anything in return. It was in this spirit that we launched our own meeting in Berkshire to enable many liked minded people to meet, connect, learn and prosper. From there we personally know of a few JVs that have come together, including 2 of ours and our own property investing business took an unexpected turn and has proved very lucrative for us.

If any member of the tycoon team needs help please do ask. One thing we have learned is that without the selfless help of the many others via the forum and the many networking events we have attended, we would not have achieved everything that we have so quickly. Mix and converse with like minded people, they will raise your game and hold you to a higher standard that you thought yourself possible. We wish you all the best in your endeavors. We are here to help so please do ask and stay in touch.

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Profile:  Chris Bannocks

In A nutshell:
Chris spends his days running a business for Reuters in Canary Wharf and is building his property portfolio with his partner Adria. She has recently left her job as an Estate agent and they are setting up a sales, lettings and property management firm and growing their portfolio from the 5 UK properties and 2 overseas properties they currently have to 10 properties overall by the end of this year and 22 properties by the end of 2008.  Chris is interested in hearing from people who need low cost property management and wish to JV or pass on leads in Nottingham, Derby, Essex or East London.  He is also looking for investors interested in working with him and Adria whilst they build their portfolio and property developers interested in Agents to sell their properties in the UK and abroad.  Chris is about to embark on an MBA at Cranfield so is a very busy man and helps out on the forum conducting member of the month interviews and is currently working on the Vadesha properties podcast, coming to you soon!

Chris can be contacted at chris@fastproperty.net and Adria can be contacted at Adria@fastproperty.net
or direct on  08000 789391 or 08000 789381

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Profile: Pankaj Shukla

Pankaj passionately believes that property is one of the few investment vehicles that make people genuinely rich over time. Since BMV route allows the transfer of real Wealth in the direction of an investor,  Pankaj decided to put his consulting career on hold to build his property portfolio. He is excited to be working with so many multi-talented individuals on this forum, as well as with Paramdeep and the rest of his Tycoon team behind the scenes.

Pankaj has worked as a consultant for large organizations, and in various industries including media, online marketing and IT, among others. But he remains an entrepreneur at heart, and ever willing to help others with his experience and contacts.

He may even help you develop a business idea, if you have one, especially if it involves marketing to online audiences.

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Profile: Parmdeep Vadesha

Parmdeep has been described by some as the UK’s ‘bargain property wizard’ after having introduced over 60,000 UK property investors to proven techniques they can use to find distressed sellers of cheap properties and how to buy these below market value bargain properties using little or none of their own money.

Parmdeep owns and manages his own property portfolio across the Midlands including a block of twenty four apartments that he built from scratch.

He runs several other successful property businesses one of which finds distressed sellers of bargain properties for his newsletter subscribers, negotiates below market value prices and passes these ‘ready made’ deals on to his newsletter subscribers.

Parmdeep also runs a financing business that helps his Property Tycoons newsletter subscribers purchase properties no money down using 100% bank financing. He helps around four newsletter subscribers every week to purchase bargain properties using 100% financing to make his subscribers over £60,000 per week in profits.

This continual sharing of the latest techniques has helped transform many of Parmdeep’s newsletter readers into financially free property millionaires.