Hello, soon to be Financially Free Doctors
I see that my friend Nicola is planning another property day with Greg Ballard.
Take a look at her article below & click through to find out more. It was Greg's presentation a year ago, in February 2007, that changed my attitude to money more than anything else. I would never have considered myself a property investor, and indeed I had no interest in Property whatsoever. However, it is impossible to walk away from a conversation with Greg and not to realise that property HAS to be a part of your investment strategy. To omit this from your portfolio is to miss - well, your greatest opportunity to fulfil your financial goals.
Do read on!
Nicola continues:
I want to
tell you one of the funniest stories I've heard in my whole wealth creation
career to date (and to let you know about a workshop day in London next
Saturday, 16 February, that you just can't miss).
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Once
upon a time, there were two friends, who were in business together.
They
thought they were getting there, becoming successful, working hard with not much
time off, not taking much money out themselves but building something real,
something substantial, possibly getting there.
Occasionally they met
people, in ordinary places and in strange places; at kid's birthday parties, in
Jacuzzi's in a honeymoon resort, over dinner with friends, who seemed to have
three things in common...
1. They had a lot
of time on their hands
2. They had an awful lot of money
3. They
owned a lot of property. |
Those
people always said the same thing, no matter what. No matter what objections our
fine pair came up with, no matter what the economy was doing, no matter what the
headlines said.
The thing those people said
was.....
"Go and buy some property boys! Please just one, just
buy ONE, for Gawd's sakes"
But eventually, after TEN YEARS of this thing
happening to them, these fine lads called up an estate agent mate, and said
those immortal words
"We want to buy a property".
Then they did
some research ...........er no, actually, that's a lie, they didn't do any
research.
Their mate fixed up a viewing, just one viewing, of a property
he'd had on his books for a while and couldn't shift because it was BRIGHT
YELLOW outside. He must have been rubbing his hands together with
glee.
Luckily the Yellow Peril was round the corner from their office, so
it was easy to view it. This also meant that it was in the least desirable part
of their town but hey, it was a quick viewing.
They viewed it, with
knowledgeable faces on, then haggled hard.
Actually they offered the full
asking price.
Then the endless paperwork started, which nearly put our
intrepid pair off this property investing business but they battled through.
Their secretary probably did it for them!
In the six months it took to
complete, one of them managed to puzzle out that their Yellow Peril had gone up
in value, due not to any cleverness on the part of our heroes, but due to the
whole town recovering from the doldrums it have been languishing in for the last
few years.
It had gone up in value by £50,000.
It took some
repeated sums on the calculator, but our boys worked out that £50,000 was HALF
of the profit their entire business had made the year before, even with two
factories, 100 staff, 125 vans, a lot of late nights and weekend working and a
whole lot of grief.
Hmmmm, this property investing might be "A Good
Thing" after all.
So one of the pair (the one handiest with a calculator)
was dispatched to buy more property and do some belated research, while the
second one was given the easy job of selling the business, two factories, 125
vans, over 50 pieces of equipment, and 100 staff.
Who drew the short
straw there then?
Fate, or the Universe if you like, stepped in at this
point to lend a hand, because, as these things happen, The Universe helps those
who show willing to help themselves.
One of their reps knew they wanted
to sell, and alerted one of their competitors who wanted to expand and
eventually the deal was done.
By now, the one with the calculator had
figured out that, if you can buy a property more than 15% under perceived market
value, you can do a bit of cosmetic touching up, and revalue, refinance and get
your money back out to go again, as quickly as possible.
O yes! After a
slow start of nearly 12 years, these boys were catching on fast. They went
again, and again, and again, until, within 10 years and at the last count, they
owned property worth in excess of £37 million.
That's when first my
sister Sarah, met them, she called me to come home from Spain to meet them, then
I did and my world turned on it's axis rather dramatically.
They blew my
mind on many levels. Not just about property, but about how money works and
creating wealth in general. They just think differently about stuff. Self-made
wealthy people do, I find.
And as we all know that property doubles in
value every 7-10 years, faster in the South East, where our intrepid pair are
located, and buying, what do you think they will be worth in 10 years
time?
What level of funds will they be able to draw on, tax free, within
the next 10 years? For ever?
If you would like to hear the live version
of this tale, and ask some of the many, many questions that must be racing
through your head now, having read this amazing but NON-FICTION tale, you must
seriously think about coming along to our next "Money Gym Presents......"
workshop day in London.
Meet
one of my dearest friends and my own business mentor, the one who got the short
straw and made that work, yes, Greg Ballard will be with us. Come along and ask
your burning questions about the economy and the property market, and generally
hang out with some great people, many of whom are multi-million pound property
investors themselves.
You
can NOT get into one of their own Open Days for months now, the waiting list is
so long, and the ONLY public speaking events Greg Ballard is doing this year
outside their own company are for us, The Money Gym.
Amazingly,
we still have a couple of early bird discount places left so don't hang about,
find out more and secure your place.
You
won't regret it!
P.S. from Alison:
My first buy to let property is gong through as we speak - exchange this week! The figures are amazing, and to discover that it can be done completely passively is - well - mind-blowing!
To Financial Freedom!
Alison
This ezine is provided courtesy of The Money Gym Club.com. For more articles
like this to include in your own publications, blog or website - or to sign up
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