Today so many people are looking to become their own personal real estate investor in order to supplement their possibly falling pension and with property prices in the past generally doubling every ten years this has appealed to many as a sure thing.
The problem comes though when they do not have sufficient knowledge to make a qualified decision.
To assist with decision making for the new private real estate investor, many companies offer their free real estate investment software.
This can help the novice as this software might include some items not thought about initially.
Previously, with the rise in real estate values, especially in the UK, many people raised the money for their initial purchase by taking advantage of rising property prices and remortgaging their personal residential property.
This is not so easy at the present time so private funding for real estate has dropped away dramatically.
Investors now have to work hard to find great deals in the current climate.
Previously we had instant remortgaging with some companies and, with loan to value available up to 90-95%, you could buy a property at 25% below market value from a distressed seller, instantly remortgage at 85% loan to value and walk away from the deal with money in the bank.
This was after all costs, such as sourcer and solicitor fees, had been covered.
Nowadays, using private real estate companies, who structure the whole deal, you can still achieve very good results, but the costs are generally high for the deal.
The other alternative is to find your own below market value property, invest your own money (say 25%) as deposit and take on a mortgage with no tie ins.
Then, after six months, as specified by the Council of Mortgage Lenders, you can get a revaluation in excess of your original purchase price, remortgage and hopefully remove all of your money from the deal.
So if you are looking for an early retirement of luxury real estate investors can utilise their property expertise to achieve this.
It will not be an instant solution, but will become closer with each and every deal you do.
Dave P Thomas
The problem comes though when they do not have sufficient knowledge to make a qualified decision.
To assist with decision making for the new private real estate investor, many companies offer their free real estate investment software.
This can help the novice as this software might include some items not thought about initially.
Previously, with the rise in real estate values, especially in the UK, many people raised the money for their initial purchase by taking advantage of rising property prices and remortgaging their personal residential property.
This is not so easy at the present time so private funding for real estate has dropped away dramatically.
Investors now have to work hard to find great deals in the current climate.
Previously we had instant remortgaging with some companies and, with loan to value available up to 90-95%, you could buy a property at 25% below market value from a distressed seller, instantly remortgage at 85% loan to value and walk away from the deal with money in the bank.
This was after all costs, such as sourcer and solicitor fees, had been covered.
Nowadays, using private real estate companies, who structure the whole deal, you can still achieve very good results, but the costs are generally high for the deal.
The other alternative is to find your own below market value property, invest your own money (say 25%) as deposit and take on a mortgage with no tie ins.
Then, after six months, as specified by the Council of Mortgage Lenders, you can get a revaluation in excess of your original purchase price, remortgage and hopefully remove all of your money from the deal.
So if you are looking for an early retirement of luxury real estate investors can utilise their property expertise to achieve this.
It will not be an instant solution, but will become closer with each and every deal you do.
Dave P Thomas
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