UK Probate Property
- Author Andrew Jones
- Published March 4, 2011
- Word count 403
Worried about investing in Property in this Climate?
Well don’t be, because this is THE BEST TIME to Invest in Probate Property…
Are you sick to the back-teeth of hearing about the recession and that Property is a bad idea right now?
Do you constantly get mixed messages about who is right or wrong? Well I wonder what the likes of Warren Buffet are thinking right now.
Although I have not spoken to Mr. Buffet recently (haa haa!) you can bet your life he is rubbing his hands together having made several million profits in recent property investments despite the adverse conditions.
Clearly there are many that are running for the hills and steering clear of Property fearing yet further drops, and although this is very prudent for properties that are in negative cash flow, ANY property that washes its face in this market is still worth having.
Notwithstanding all of these matters, there are still many reasons left to consider property a good bet, no matter what the market is doing and one of those provides an even GREATER margin of comfort when it comes to sitting on a comfortable equity position – PROBATE!…
Why I hear you ask, well for one, even if you are buying regular property at 15% BMV, because of market conditions, DON’T whatever you do run away with the idea that you have a good deal…
…When you add up all the expenses of purchasing the average property, it usually equates to around 10-15%, thus wiping out all your so called equity – Clever the estate agents maybe with their convincing sales approach, but make sure you REALLY look at your numbers.
Buying Probate property eliminates a large degree of this uncertainty when you know you have picked up the property at least 30% BMV, thus giving you a comfortable margin, but in this market condition the possibilities are far greater…
Also, remember when you buy probate you make your profit when you buy, in other words you are buying instant equity and even if the market turns against you, you will still have a very healthy margin to work with…
As always, make sure you do your homework first, in terms of location, resale value, fix-up cost, holding costs etc…This way you get to sleep soundly at night :-)
How To Make Huge Profits Without Even Having To Leave The House For Zero Cost With Probate Property...
How To Make Huge Profits Without Even Having To Leave The House For Zero Cost With Probate Property...
http://www.probatepropertyinsider.co.uk/
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