Hello, and welcome to Property Investments UK.
In today's video, we're gonna be looking at, should you buy property deals that are off-market?
Or you should focus on property deals that are off-plan?
And what the difference is between the two.
So let's try and separate the two potential opportunities.
Off-market property deals are very often going to be properties that are promoted and sold,
usually by one agent, or, as a seller directly.
So maybe it's a developer or a trader.
And they haven't given that property to lots of other estate agents locally, or commercial
agents, so it's not gonna be on Rightmove, Zoopla, a lot of the main kind of property
portals.
What that allows you to do is really assess that potential deal without the, I suppose,
impeding potential of competition.
So you should be able to spend some time, doing due diligence, you should be able to
try and analyse whether the figures are right.
And hopefully, you should be able to buy it at a good price, as well.
You don't have that same level of competition, potentially bidding the price up.
Separate to that, off-plan properties may not be off-market.
They might be marketed by a number of agents.
They might be marketed on a number of websites.
But the off-plan aspect, effectively, is where the site currently isn't finished yet.
Maybe it's a brand new build and house that's, maybe three, four months away, and the developer
is selling off different parts of the estate, in stages.
Or, potentially, it could be a off-market property that's an apartment within a building,
that's maybe due to be completed in a year or two's time.
And then it's available to buy at a good potential price today, rather than what the potential
purchase price might be in the future.
Now, you don't want to get kind of mixed up, effectively, and say, "Okay, well, maybe there's
a property here that's valued today at 200,000," and you can buy it for 180, but in the future,
it might be worth 230.
I'd probably look at today's figures and see if that property deal makes sense, effectively,
to buy today.
So, properties in that area, 200.000, and you can buy it for 180, because it's off-plan,
then maybe that could potentially be a good deal.
Once you know what the potential opportunities are ... So let's say if it is a difference
between off-plan, or off-market deals, how do you separate the two?
So, first one, I'd probably, initially, ignore where the opportunity's coming from.
So, if it is off-plan or off-market, but try and focus on the specifics of that deal.
So, is the property a good opportunity?
Is the location right?
Is the yield good for that potential property and area?
Is tenant profile the right type of tenant for you, over the long term?
So, by focusing on the fundamentals of the deal, you can try and compare, kind of apples
to apples, later on down the line.
And you can potentially open up to look at a whole range of opportunities, rather than
just being, kind of focused, and kind of pigeonholed into one particular option, let's say, off-plan
or off-market deals.
Finally, when it comes to assessing that deal, the fact that it's maybe off-market, on market
or off-plan, or currently being completed, or recently been completed.
If you focus on the fundamentals ... so, whether the location, the tenant profile, yield, all
those things are right ... and also focus on where that deal's coming from ... so, if
you're working with a property sourcer, for example, or an investment company,
and they charge a fee to purchase that potential deal ... if that project still makes sense,
I wouldn't worry too much on the fee aspect.
We work with some sourcing companies, and some third parties that introduce properties
for our own portfolio, and also for clients, because the property deal is very good.
So the fact that there's a fee associated with, we're okay with that, as long as the
rest of the figures ultimately stack up on that potential opportunity.
For sure, if you're getting a property sent to you at 100,000, and there's a 3,000-pound
fee on it, and there's comparable properties for 100,000, same condition, same location,
same tenant profile, there's nothing unique that's being offered, effectively, by the
sourcer ... then I would be concerned about the fees.
But if you're getting a property passed to you that's off-plan, or off-market, that maybe
has a fee attached to it, but there's lots of benefits to that potential deal, and ticks
all your boxes and criteria in the right ways ... and then, I wouldn't kind of discount
a property, just because it's a fee associated to it, or discount a property, just because
it's kind of, from one particular source.
Ultimately, it should save you a lot of legwork, and it should also get you a much better deal
than hopefully, what you would have found, if you were to spend the time going out and
looking at property deals yourselves, day in, day out.
Trying to tap into those networks of contacts and opportunities can be a great help with
growing a quick property portfolio, and a good long-standing property portfolio, as
well.
So, it helps to get some context to working, let's say, with off-plan and off-market property
investment deals, and which ones you should consider.
Any questions, don't hesitate to ask, and I look forward to catching up with you in the
next video, All the best take care.
Thank you for watching this video.
If you like this content, and you'd like to join our free online property training course,
we've got a link for it on this page.
And in there, we convert a range of different property strategies to help you get started,
either building a long-term property portfolio, or creating a cash flowing property business.
We also look at ways to increase your return on investment, with any of the properties
you may be considering, and we also have a couple of cheat sheets and downloadable documents
in there, as well.
Simply click on the link to join the free training course today.
For more infomation >> Cartoon about the princess Anna. From birth to the first steps. An interesting cartoon for girls. - Duration: 4:28. 
For more infomation >> How To Get Rid Of Acne | Six Ways To Cure Acne From The Inside - Duration: 6:00. 
For more infomation >> Nearly 70 Texas shelter dogs flown to Pittsburgh after Hurricane Harvey - Duration: 1:41. 
For more infomation >> Spotlight Room Escape - Canyon Каньон - Duration: 13:12. 
For more infomation >> Driver killed in Route 101 crash in Hampton - Duration: 0:23. 
For more infomation >> Helvetia: Portrait Home Instead DE - Duration: 2:34. 
For more infomation >> Midnight Texas 1x08 Promo "Last Temptation of Midnight" (SUB ITA) - Duration: 0:32. 
For more infomation >> INTRO 02 - Duration: 48:45. 
For more infomation >> Helvetia: Ritratto Home Instead - Duration: 2:34. 
For more infomation >> Охлаждающий коврик для собак и кошек Trixie | Трикси - Duration: 1:22. 
For more infomation >> Helvetia: Portrait Home Instead EN - Duration: 2:34. 
For more infomation >> Helvetia: Portrait Home Instead FR - Duration: 2:34. 
Không có nhận xét nào:
Đăng nhận xét