Congratulations on taking the first step in your property investing career!

It's a big step but one that could change your life.

There are lots of things to think about and its important that you do things right.  Learn from others who have made mistakes so you don't have to make the same ones!  Access our Expert Panel to connect with our experts for free of charge advice.  

The fundamentals of property investing are the nuts and bolts of your business. Ensuring that you have a great team around you will help towards your success. 

Understanding the legal aspects of buying a property and having a great conveyancing solicitor in place is really important. Also having access to the right finance is the key to securing those great deals once you find them.

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Tenants who wont pay and Solicitors who want fees to evict them

At Landlord Action, we are always very supportive of organisations that provide good quality information that is helpful to landlords. This is why I have decided to team up with JustDoProperty as a mentor for landlords who have issues with problem tenants. This month, I would like to introduce to you what it is I do. It didnt take long for a group of landlords to agree, there are too many tenants who wont pay. Too many solicitors who want fees to evict them, and the process seems to take forever. Many solicitors lack knowledge about the process and were unable to provide a set fee for reclaiming lost rents or evicting tenants. The prices quoted usually include hourly rates, and almost all the solicitors wanted funds on account ranging from £400 to £1000 without any indication of how long the process would take and if there would be any additional...
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What kind of properties are sold at auction?

  They are sometimes unusual or quirky properties that will not normally sell through estate agents and that are difficult to value or compare and really need to attract property investors, cash buyers or people looking for special deals. However, there are also perfectly standard properties that are being sold via this route – and you’ll also find a large proportion of mid range and first time buyer development projects in the pages of the auction catalogues. More recently, I’ve seen new build properties coming into the auction rooms as well, as developers are ‘off loading’ some of their unsold stock - and as an unfortunate result of the credit crunch, banks and lending institutions also put properties that they have had to repossess from the owners into auctions to realise some value against them quickly. This mix of stock can be regular semi detached, detached and terraced houses, flats and...
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Should I use a Sourcing Company? - John Paul, Casteldene

This really depends on the strategy of the individual. Sourcing companies can free up your time immensely so that you can get on with the day job, they are for some investors a necessity, especially for those who are just starting out and rely on these companies for advice and guidance. Sourcing companies are also needed for investors who live out of the area and have no intention of carrying out high levels of due diligence. If you want high yielding, low priced properties then the North tends to be the place to look and for some southern investors they would rather rely on the experience and knowledge of experts in that area. There has been a lot of bad press recently about sourcing companies and the services (or lack of them) that they offer, however as with all unregulated business’s you will find that there will be a small...
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Pre and Post Auction opportunities - Martin Roberts

  The intention for properties that are being put up for auction is that they are sold on the day of the auction. That’s one of the great things about buying (or selling) a property at auction – there’s no long, drawn out sales process – instead the property is sold to the person offering the highest bid on the day. However, not all properties are sold in this way – and it is very common that during an auction where any number of properties may be up for grabs that a percentage of them do not get sold. There are a number of different reasons for this: 1. The property is withdrawn from the auction after the catalogue has been printed (there could be any number of reasons for this including the vendor accepting a pre-auction offer – see below)   2. The bidding on a property doesn’t reach...
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Bank of England (BoE) interest rates stay at 0.5%

The Bank of England (BoE) decides to keep the Interest Rate at 0.5% and maintain the size of the asset puchase programme (Quantitative Easing). Both moves where widely expected by financial analysts and the media. The rate dropped down to the record low of 0.5% almost exactly 1 year ago on 5 March 2009 along with the introduction of the aset purchase scheme which was subsequently increased in value. The minutes of the meeting will be published at 9.30am on Wednesday 17 March. For more details view: http://www.bankofengland.co.uk/publications/news/2010/022.htm
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