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Investing In Property Or Investing In Yourself?

Investing In Property Or Investing In Yourself?

Are You Getting The Property Investing
Results You Deserve?

Many people get involved in buying investment properties in the hope of either holding on to the property, renting it out and generating a healthy monthly rental yield or renovating the property and selling it on for profit. Many of these investors do this entirely by themselves without seeking the advice or experience of property investors and property professionals.

This is madness, you wouldn’t walk into Lord Sugar’s office and tell him he doesn’t know how to run a business, or visit a dentist who had never performed dental surgery before and ask them to pull out your very sore tooth?

I hope the answer was NO!

Going into property investing armed with nothing but determination won’t provide the financial return that you want, need or even deserve, going into property investing blind WILL lead to you making huge and costly mistakes.

To be a successful property investor you need to employ sound knowledge and demonstrate a few essential skills as well as more than a little financial acumen so that you can make successful decisions when examining property deals, when purchasing investment properties, or refinancing your existing rental property portfolio.

Education is the key to GOOD, PROFITABLE and ETHICAL property investment, knowing what to buy, where to buy, how to buy using other people’s money, how to control property without actually owning it, how to use lease options, when use instalment contracts, how to profit using rent to rent, the list could go on and on, but I think you get my point.

There are so many different strategies being used by property investors that it is difficult to keep up sometimes, however these different strategies become virtual goldmines for property investors when they invest in themselves and attend seminars, workshops, courses and property networking events.

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Warning Over Gumtree Rental ScamsNational Landlords Association issues warning
over rental scams posted on Gumtree

The National Landlords Association (NLA) say they been contacted by a number of tenants who have become victims of fraud after a new wave of rental property scams started to appear on Gumtree, the free listing website. The NLA has issued a fresh warning to would be tenants concerning the number of rental scams posted online by fake landlords.

Would-be tenants from overseas are being lured to apply for a number of attractive rental property opportunities across the UK advertised among genuine listings on the website, and after a brief email and/or postal exchange, the applicants are then asked to send money directly to the landlord in order to secure the rental property.

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UK property market shows signs of life

UK Property Market Is Still Alive & Well

The overall number of properties ‘Sold’ in November 2011 was up +1.4% compared to November 2010 and up +0.1% against November 2009.

November has seen the UK’s residential property market start its traditional seasonal decline according to data released from the Agency Express Property Activity Index.

But whilst month on month properties nationally achieving ‘Sold’ status in November were down -7.1% on October 2011 and the number of new ‘For Sale’ listings recorded were down, by -11.8%, it was the second smallest November drop since the Index began in 2007.

Encouragingly, the overall number of properties ‘Sold’ in November 2011 was also up +1.4% compared to November 2010 and up +0.1% against November 2009.

Regionally, there were some positive signs with four of the twelve regions bucking the seasonal trend and showing positive figures for the number of properties ‘Sold’ in November against the previous month.

The North East topped the hot-spots up +18.8% on October, followed by the South West up +15.7% and Scotland up +12.0%.

When it came to the regional ‘not-so-hot-spots’ for November, West Midlands was bottom of the table with a drop in the number of properties ‘Sold’ down -15.9%, the South East was down -15.1% and the North West was down -15.0%.

The seasonal decline was more evident in the number of new ‘For Sale’ listings recorded in November against October, with only one region generating positive month on month figures, (which was London) up +7.8%.

At the other end of the table the regional ‘not-so-hot-spots’ for new ‘For Sale’ listings were Central, down -26.9%, Wales down -25.7% and Scotland down -23.9%.

Disappointingly, the number of ‘For Sale’ listings in November 2011 were also down -1.1% on the same month in 2010 but up +11.0% on November 2009.

A good number of individual cities bucked the seasonal trend and experienced increases in month on month house sales compared to October.

Nottingham topped the ‘hot-spots’ with an increase in properties ‘Sold’ in November, up +27.0%, followed by Newcastle up +25.3% and Colchester up +24.2%.

At the opposite end, the cities recording the greatest decline in month on month properties ‘Sold’ in November were Coventry down -58.8%, Southampton down -42.3% and Norwich down -27.4%.

There was a similar picture for individual cities when it came to New ‘For Sale’ activity in November compared to October.

Colchester topped the charts with a month on month increase of +13.7%, London up +7.8% and Brighton up +5.1%. Coventry saw the greatest monthly decline in new ‘For Sale’ listings compared to October, down -46.6%, with Bristol down -45.9% and Southampton down -39.2%.

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