Property,
one of the greatest and most versatile ways of making money.
Gone
are the days when the property we owned was the same as the house where
we live; the roof over our heads. Property is now considered not just
a tremendous asset, but also a great way to make money. Indeed, many people
have turned to property as a means of earning their living or at least
to provide an additional or alternative pension.
The
table on the right shows UK house-price data from 1953 to 2006.
The 3rd column shows annual percentage price change. We all know
property increases in value, but it's not until we see the actual
figures that we can see the potential. For example, if you moved
house in 1986 and instead of buying just the house you moved into,
you bought an additional property of average value -- £37,000
-- you'd now be sitting on a nice little nest-egg of nearly £130,000.
Note, that period includes the years of the great property crash
of the early 1990s. Also consider that your 2nd property could have
provided an income too from rent. It really is like having your
cake and eating it. Of course, people with a bit of knowledge (or
very often luck) didn't stop there. They bought another property,
and another, and another. Remember that these figures are for average
house prices. If you'd bought in the upcoming areas and chosen the
right properties then the returns can be greatly increased. If you'd
also improved some of the properties too, well, now it's easy to
see why some of the wealthiest people have got that way through
property. Once you've got the formula, you can reuse it; each property
finances the next.
But,
like all the great money-making methods, there are plenty of people out
there eager to take money from anyone who wants to get in on the act.
It is very easy to spend a small fortune on courses and seminars. What
will your money buy? In most cases no more than you can get for much cheaper
elsewhere, and sometimes a lot less.
We've
done it, we've made money on property — in a falling market —
and we can tell you how, so you can do the same. And what is more, it
won't cost you the earth. Email us here if you want to be the first to
learn the way we do it. Property
Finance
Finding the money to get started is often a big hurdle, especially if
you have an adverse credit rating. It need not stop you though, we can
help almost anyone find a suitable adverse
credit mortgage lender.