Hi there!
The teleseminar on Thursday was interesting.
Mark Homer came up with the goods, 20 minutes discussing buy to lets, focussing on reasons why now is a good time to invest.
The long term growth of property is approximately 10% per annum, although most people use a conservative 8.5% when estimating future gains/ losses. Currently it is easier than usual to source below market value property deals, as motivated sellers (those who need to sell rather than wait for the market to recover, which it inevitably will) are getting more edgy.
Mortgages are available, although on less good terms, which makes it even more important to source good BMV deals, as a lot of the gains in property are made in the inital deal.
There are currently fewer investors trying to buy, which may mean less competition for the good deals, but also may mean that some investors are put off by the current climate.
Mark does not seem to have had any problem with rentals at the moment, with rents rising faster than usual (usual rate 5% per annum, currently increasing at 10% pa), although we have to question whether this is sustainable when the cost of living is increasing so rapidly with the oil prices.
The next teleseminar is on 18th June when Marcus de Maria will be talking on an introduction to stocks and shares.
See the teleseminar page for details!
http://www.financialfreedomfordoctors.com/teleseminars.html
Regards,
Alison
Financial Freedom for Doctors can help you to work out how soon you can be financially free, enabling you to work part time, take better holidays or plan for an earlier retirement. Find financial freedom through property investment, the stock market and the internet.
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