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Housing Boom or will you go Bust?. How to pick the money making strategy that is right for you. What IF …….?. You heard something that will make you money? You learned something new that changed your business? You thought about something in a new way as a result of being here today?.
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Housing Boom or will you go Bust? How to pick the money making strategy that is right for you
What IF …….? You heard something that will make you money? You learned something new that changed your business? You thought about something in a new way as a result of being here today?
Property News - What do you see? Headlines of interest rates rises Rental shortages, Property shortages, rental increases, plenty of property?
What’s going in your head Do you feel like your life is a roller coaster inside of a maze, Do you hope it’s a phase? Spending way more than you save? Tiny Tempeh - Tsunami
Or Do you feel like a room without a roof, Is happiness your truth Do you know what happiness is to you And is that what you want to do? Pharrell Williams - Happy
2013-14 Tripled my business turnover The Sourcers Apprentice The Property Sourcers Quadrupled income, became limited company and VAT registered! Named Telegraphs Top Most Influential People in Property
This evening I will cover • How to avoid the hype • How to pick the best money making strategy for you • How many properties do you need to be free • How much is it costing you to invest in property • How much are you realistically making
Financial Market Ignore the HYPE ! • Interest rates and Affordability Up but WHEN Buyers and renters • House prices Confidence in the market - without prices running away Do I sell now Can I afford to buy • Availability of £££ • Lender confidence • Government schemes
Your Objectives How many houses do you need? • How much money do you need a month? • How much profit will each of your properties ACTUALLY generate? Do the maths …… • How many houses to you need to cover the basics? • How many to feel secure • How many to feel free
Will your strategy get you there? Strategy • What strategyare you following? • Why? For what purpose? • When do you get paid? • What are the risks to your income?
What strategy are you following? Strategy Lease options Flips Buy to let HMOs Buy and split Assisted sales Adverse possession ……………..what else?
Analysing the right strategy When do you get paid? High cashflow and Potential for capital growth Low/No cashflow and Potential for capital growth Cashflow High cashflow and No capital growth Capital Growth
What are the risks to your income? Strategy The J Curve - More £££ into the business than out of the business for years until finally you make a profit? • When will you make money? • How much will you make? • Is it worth it?
What costs are involved in buying and selling? How much cash do you need?
Cost to flip Strategy • 25% Purchase Price • Mortgage payments – or bridging • Cost of refurbishment • Contingence • Insurance • Estate agent fees • Stamp duty? • Solicitor fees in and out How much do you want to make?
Cost to flip Strategy How much do you want to make?
Strategy London 13.3% Increased to 17% South East 6% Increased to 8% Wales and NW 2.2-2.6% East Anglia 1.6% What are REAL values in your area?
Strategy What will you make? • How much time did it take? • 10 months • Your time ? 1 day per week? • 40 days • You lost£4,038.64. • and earned no wages • You could have had £750 per month cashflow and kept the asset!
What about London! Strategy A Property in Wiltshire • Current purchase price £210,000 within 15 miles • Two bed semi Chippenham • Three Bed house Chippenham • Most of Swindon What value can you add?
Strategy What will you make? Sell at £249,864.00 Repay mortgage £157,500.00 Repay cash £92,364.00 Profit ………....…………..…..£0! for TEN months effort
Affordability • Who will buy from you • What can they afford to borrow • First time buyer market • Couple earning £25,000 and £30,000 • Joint multipliers subject to checking 4.5 x joints or 5 times joint • Investor market? • Stamp duty thresholds?
Deal Analysis Workshop DVD Free voucher worth £100
This evening I covered • Why you need to avoid the hype • What is the best money making strategy for you • How many properties do you need to be free • What it is costing you to invest in property • What you are really making from property
What IF …….? You heard something that will make you money? You learned something new that changed your business? You thought about something in a new way as a result of being here today?
Free Gift for everyone in the room www.TheSourcersApprentice.com/White-Paper
Next Steps – leave your card • Want a copy of the slides • If you are interested in staying connected - register for our free newsletter • Further training and support –Books, DVD, Coaching and mentoring – Come and see us
Deal Analysis Workshop DVD Free voucher worth £100
Free Gift – for the first 10 replies Free twenty minute Micro Strategy Session with Vicki • How many properties do you already have? • How much money do you need to make from property in the next twelve months ? • How much money do you have to get you started? • What help do you think you need? • What is your phone number? Email your answers to these questions to Charlie@Wusche-Associates.co.uk