I was fortunate to attend the PIN National Conference at the weekend and I found the attitude of new property investors is far hungrier than my own property ambitions were when I first started out.
These days property investors are becoming far more creative than they were a few years ago and new ideas and investment strategies are emerging almost daily that enable investors to control and profit from property using other people’s money, other peoples mortgages and even ways to profit without actually owning property.
I started my property investment journey in 2005 when I bought my first property at a price that was significantly well below the true market value (BMV) and used that to leverage my position and raised enough finance to enable the purchase of a few more investment properties.
I entered the property investment arena reluctantly on the advice of my wife and I wish I had listened to her a few years earlier as I would have not dragged my feet and we would have bought significantly more investment properties before the peak of the UK property market was reached in 2007, followed by the property crash in 2008 as the financial reasoning of many western nations was rocked by the collapse of the US real estate market and the aftermath affected property markets around the world.
My wife had realised far quicker than I had that there was profit to be made in property and she set about educating me on the benefits. It was one of those discoveries that changed my life and I remain eternally grateful to Rachel for opening my eyes to the possibilities that property investment can bring.
The property crash forced property investors to examine the strategies that had previously enabled them to profit from property and the contraction of financial availability meant that investors had to become even more creative in order to obtain investment properties. Among the new strategies was the emergence of Lease Options (LO) as a method to control property without owning it outright in the UK. The opportunities seized on by property investors already existed and was already being used by investors to control residential property in other countries. This investment method kept savvy investors ahead of the game and has now become widely adapted as a mainstream strategy.
Another strategy that has emerged from the property crash is the practice of Joint Ventures (JV’s), using partnerships to purchase property and provide shared profits for all concerned, again this investment method already existed but was not being widely publicised before the property crash.
Today in 2013, the availability of mortgage finance and lack of lending by banks is still a sticking point for many inexperienced investors, however, they are not deterred. If anything they are far more determined to educate themselves to improve their investment knowledge and skill sets to match their mind set.
The PIN National Conference showed me that the appetite of investors remains strong and they should continue to develop new methods and strategies to control property because without fresh ideas and creative thinkers the UK property investment market would vanish without a trace.
If you want to discover like minded property people who are already at the cutting edge of property investment then I suggest joining the PIN Academy to share ideas and knowledge with other investors and learn from people with experience and who are willing to share their discoveries with you.
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