Remote Property Investor

Should You Buy Now or Wait For The Crash?


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Should you be buying as the market is going down or as it is going up? At the moment the market is growing but as a result there are less lucrative deals available. Harvey rides the hypothetical wave so you know when to jump in with your money.

KEY TAKEAWAYS

  • The North East market has seen very little capital growth over the last decade and this results in more motivated sellers. 
  • Deals are still available, however, if you spend time and effort out there searching. You may find less than you would in better circumstances, but there are always motivated sellers out there. 
  • Make sure you have at least 10-15% of equity as a margin buffer if the market has fluctuations. 
  • Stay fresh on estate agents minds. Keep in touch and do not let communication lapse. They will be the best source of good deals.  
  • BEST MOMENTS

    ‘One of the main reasons people are motivated is that they need a quick sale. If somebody can sell their property for 5k below the market value and sell it within a few days they’re not going to be motivated to sell it for 20-30k below that value to sell it in a few days, if they can just sell it at 5k below that.’ 

    ‘Do your due diligence. Make sure the numbers stack.’

    ‘I’ve got a really great relationship with an agent. I didn’t stay fresh on his mind because I got side tracked doing a few other things and he told me about a deal before it come to market when he valued it. It didn’t come to market for about two months after and I didn’t keep in touch point with him. Then as a result when it come to market it went into a bidding frenzy and I didn’t get close to bidding on it.’ 

    EPISODE RESOURCES

    How to Reduce Landlord Taxes 2019-20 https://www.amazon.co.uk/dp/1999640543/ref=cm_sw_r_cp_api_fabc_79R9ZHHR1A65RYM5YR4J

    The Richest Man In Babylon: The Success Secrets of the Ancients--The Most Inspiring Book on Wealth Ever Written https://www.amazon.co.uk/dp/0451205367/ref=cm_sw_r_cp_api_fabc_MFM0MP7WF7AWGWYX5051

    Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! https://www.amazon.co.uk/dp/1612680178/ref=cm_sw_r_cp_api_fabc_1MY8PQJN7R1NSN167V6P

    VALUABLE RESOURCES

    💻| Join us in our remote property investing Community on Facebook

    📚| Live free training & Q&A every Sunday in the Community. 

     

    ABOUT THE HOST

    Harvey is the founder of Growth Properties Group, a small group of companies that help people live on their terms through property.

    With education, portfolio building, and property management. 

    He built his property portfolio and businesses in the Northeast of England, whilst living in the south, allowing him to spend time with his family and travel regularly. 

    Having built up the systems and team to run from his phone and largely on autopilot, he's now focused on helping others excel on their property journeys and build a remote investment lifestyle for themselves through group and 1:1 coaching programs. 

    His signature program, which runs 4 times per year, is the 6 Stage Remote Buy Refurb Refinance (RBRR) Blueprint.

    I help people to live on their terms through property & Coaching and portfolio building. 

    I’ve spent the last 7 years working out how to run my property business virtually from my phone. 

    Using tech to run my business while I’ve been travelling. 

    DM me clubhouse if you need help with this. 

    CONTACT METHOD

    👓| Find me on Facebook 

    👓| Find me on Instagram

    👓| Find me on YouTube 


    👓| Find me on TikTok

     

    This show was brought to you by Progressive Media

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    Remote Property InvestorBy Harvey GrowthProperties