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The Property Business Is A Business Of Relationships

 

"You are the same today as you’ll be in five years except for two things,
the books you read and the people you meet" – Charlie Jones

To be successful in property, you need to develop lasting relationships with other people. What’s helped me to succeed in property investment more than anything else, has been the relationships I’ve had with other people.

If you want quick growth in property investment, you need to start building a team around you. This is something you need to work on from the outset. Your team should include solicitors, accountants, financial advisors, estate agents, letting agents, property finders, other property investors, plumbers, electricians, general builders and anyone else who could help you to achieve your goals.

Whenever I am looking for someone to join my team, I will always try to find someone based on referrals. I will ask family and friends if they know of anyone that could me help with my business. I also ask my current contacts.

For example, several years ago I had the need to acquire a new solicitor. Rather than going straight for the yellow pages, I asked my accountant if he knew of any proactive solicitors. He gave me the name of one such solicitor. I contacted her immediately and found her to be one of the best solicitors I have ever known and have retained her since. If I am unable to find anyone via my existing contacts, I will then search the local directories to source someone close to my offices. I always try to source local, as it will save me a lot of time should I need to go and visit.

When sourcing members of my team via this method, I always interview at least three candidates. My final decision is never based on price alone. I will always choose my advisors based on their knowledge of the subject matter and also any rapport that we build during our first meeting. I will never choose someone who appears to be very knowledgeable but fails to understand my business goals and personality.

Over the years, I have established a great team around me. We work together and have a good respect for each other. I always pay my advisors and workers on time and have a strong respect for them and their services. This works great because I am able to get jobs done quickly and efficiently as my team supports me in my endeavours. If you are new to property investment, I would advise you to find people that share the same work ethics as yourself to help you grow quickly in your business.

I offer regular advice and tips on all aspects of property investment to subscribers of my free property course.

 

 

Claim Your FREE Limited Edition CD and eBooks Right Now: 

http://www.PropertySuccessFormula.com

Property Success Formula CD Property Success Formula ebook 5 Golden Secrets To Property Success ebook

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Property Investment In The UK

 

Ignoring the recent blip, property investment in the UK has witnessed massive growth over the last decade. A house bought 10 years ago, would be worth around 300% more today. If you were to look at house price growth over a longer period, you’d be amazed by the results. For example, if you had bought a house in 1952, today it would be worth around 90 times more!

At an average growth of 8% per year, a house bought today for £215,000 would be worth in excess of £1million in 20 years! 10 houses bought today for £215,000 each would be worth…….etc.

Even today, as the market shows some evidence of slowdown, there are pockets of above average growth in certain towns and villages across the country. It’s the job of the property investor to hunt out these areas and milk them for all they’re worth.

When looking for property to buy in the UK, it is always advisable to do some research before commencing any viewings. Recent statistics on house values in any one particular area, historical data and local trends can help you to build a clear picture of the suitability of any one location for investment purposes.

A common misconception among novice property investors is that you can only really make money in property when house prices are going up in value. In this scenario, you would buy a property for x amount and resell shortly after for x+growth amount, pocketing the difference in value. If the market was flat, your property would still be worth x several months later, i.e. exactly how much you bought it for. When house prices are going down, your property would be worth less several months later, e.g. x-growth.

However, any experienced investor will tell you that you can make money from property investment regardless of whether house prices are increasing, decreasing or whether the market is flat. By buying well below market value, you would safeguard your investment from any short term economic trends that would normally affect your property’s value. You would also gain immediate equity in your property investment.

When deciding to embark on a career in property investment, as with anything else, you need to educate yourself. You can do this by attending seminars, attending courses and meeting others in the same field. Talk to real estate agents, brokers and lenders to gain a good basic understanding of current and future trends in property investments. Furthermore, take advantage of free online courses and material to learn the ins and outs of property investment.

Property investment is not rocket science. By learning and applying just a handful of basic principles, there’s no reason why anyone can’t benefit from the UK property investment market.

 

Claim Your FREE Limited Edition CD and eBooks Right Now: 

http://www.PropertySuccessFormula.com

Property Success Formula CD Property Success Formula ebook 5 Golden Secrets To Property Success ebook

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