Choosing the right property

belajar forex bahasa melayu Astute property investment begins by choosing the right property. The primary consideration for any investor should always be the amount of money that you intend to spend when buying the property.

forex tester letöltés However, if you’re looking to make a month-on profit from your investment, it’s paramount that you consider the ongoing costs of ownership.

https://digitrading.biz/it/trading-forexcfd/ forex trading articles Leveraging the Costs

Let’s say that you want to purchase a property for £100,00. When making the purchase, most homeowners choose to leverage the cost by borrowing from the bank.

Once you know your monthly mortgage repayments, many people only consider one factor – what can I rent the property for each month versus the cost of the monthly mortgage repayments?

Using our example, and depending on the type of mortgage you opt for, your monthly mortgage repayments may cost £300 per month, with a property has a rental potential of £550 per month. Does that mean that each month you will achieve a £250 profit for the length of time that you rent the property? Not necessarily.

binäre optionen autotrader Property Running Costs

It’s fine to calculate that our example will yield a £250 profit for investors each month, however this is without considering the ongoing costs of running the property.

By not considering the ongoing running costs of your investment, you risk not achieving a higher month-on-month yield.

Just as you should consider the cost of purchasing the property to help you understand the right mortgage for you, understanding what you will have to pay towards the monthly running costs is also essential.

Without a meticulous understanding of the cost to purchase and the monthly running costs, you won’t be able to calculate an accurate monthly rental price – one that covers your mortgage and the ongoing property running costs.

In addition, to effectively manage the property, a letting agent will be required. You should also factor in any maintenance costs, and any potential transitional periods where you will be without a tenant and rental income. Other property running costs also include building insurance.

https://digitrading.biz/it/opzioni-binarie/ opzioni binarie consob How Much Should You Put Aside for the Property Running Costs?

There is no accepted amount or percentage that investors should devote to the running costs of a property. However, there is a way that you can calculate the amount necessary for your property running costs.

The cost of managing the property through a lettings agent should be approximately 10% of your mortgage costs. Any property insurance should cost around £20 a month. To effectively cover any maintenance and property rental voids, you will need to devote approximately 10% of the total monthly rental income.

https://digitrading.biz/de/forexcfd-handel/ handel algorytmiczny forex The Takeaway

These simple calculations can help you to understand the amount of profit that you can expect to make from property you intend to rent, and understand if it’s a sound financial investment.

Collaboration with Your Property Network (YPN) – Susan Alexander; Founder The Property Mentor

Your Property Network

Your Property Network

 

 

 

 

 

Your Property Network magazine and myself would like to personally invite you to join us for the launch of the UK’s first online live YPN Manchester property networking event on Wednesday 4th May at 8pm.

Hosted by myself, I will be joined by guest speakers Nikki & Patrick Hopgood from Hopgood Property and panelists Pamela O’Brien, Annabel Jardine-Jones and Andy Thompson who are full time property investors/developers and industry experts.

The team will be sharing with you their knowledge and experience and answer any questions that you may have about the opportunities (and challenges) of investing in Manchester and surrounding areas.

The event is totally FREE so make sure you don’t miss it and sign up today. Spaces are strictly limited (This is a VERY interactive event where YOU will get to ask questions and contribute to the discussion)

To register, simply day trading in robinhood CLICK HERE and don’t forget to mark the date and time in your diary.

All that is left to do is to make sure on the Wednesday 4th May at 8pm you grab yourself a cup of tea, your laptop, sit back and relax in the comfort of your own home and join us along with other like-minded individuals and discover how you can change your life through investing in property in Manchester.

We look forward to sharing this fantastic event with you.

Susan Alexander                  &               Anthony Lyons
Founder,The Property Mentor              Editor, Your property Network

 

 

 

 

 

Buying property in London? – Susan Alexander; Founder The Property Mentor (TPM)

Over the last decade property prices have gone up sufficiently enough in the Capital to squeeze out a significant number of potential property investors from being able to build or enhance their portfolio with property in London.

Added to that the increase in the number of overseas investors saturating the London property investment market, and it becomes even more of a challenge to make inroads.

Yes, there are still investors, who are able to get property in London, but it is continually becoming harder for most to invest, without appropriate knowledge, education, support and access to money.

How can you like other investors then, get your foot on the ladder, and tap into the potential benefit that property investment in London has to offer.

Well there are a number of Crowd Funding Platforms springing up, as I have already discussed/raised via the newsletter before, and you may already be aware of these yourself, however I am always keen to share with you, exciting new developments along the way, that may be of interest to you, and has the potential to help you on your property investment journey.

I want to share with you, news around an exciting opportunity from Crowd With Us (CWU),

Let me tell you a little about these guys…

Crowd with Us was formed to not only run a business that is ethical, but to open up the property market to all levels of investors and help those such investors benefit from the wealth created.

Rob Wilkinson, (CWU Director of Operations & HR) also Paul Higgs (who is on CWU Advisory Panel), have both been former clients of mine through my coaching and mentoring business; The Property Mentor, and I have also know Thor Portess (CWU Finance Director) for many years through the property investment environment, and networks. They have a wealth of experience between them, and are actively involved in creating opportunities in the property and businesses arenas.

I’d invite you to take action and learn more about Crowd with Us, consider registering to see and keep up to date with potential opportunities they may have, which might appeal to you or someone you know in your capacity as a property investor

follow link Click Here

Rob Wilkinson

Rob Wilkinson

 

Successful Entrepreneurs don’t re-invent the wheel they replicate it with bells on! – Susan Alexander; Founder The Property Mentor

If you stop and think for a moment about some of the worlds most successful entrepreneurs (or successful individuals in general), they look to emulate other people or particular people. They look to someone who has or is perceived to have the experience, knowledge, expertise and success in the remit, area or skill set that they are looking to progress with.

There are ways to do this; either if possible seek out such a person as a coach and/or mentor, attend training, seminars, workshops, conferences or meetings at which such a person is speaking at, or buy products whether written, audio,or visual to keep reading or listening to their journey and nuggets of wisdom and insights they share.

Obviously you cannot morph yourself into the other person, because you won’t have had the same experiences, you won’t have absorbed the information in the exact way that they will have; because all of us have different lenses that we interpret things through which are unique to ourselves – there are some similarities and themes of course, and it’s about learning about these similarities and themes, replicating them and making them work for you with bells and whistles on.

Who can you look to emulate, and replicate their successes?

Susan Alexander Founder The Property Mentor

Susan Alexander Founder The Property Mentor

The Referendum is Coming! – Susan Alexander The Property Mentor (Founder)

The date is set, and it has been positioned as the most important referendum in the UK since 1975.

There is an element of the unknown with a referendum of such importance, because there is no certainty of the level of impact that it will have on many levels.

Clearly it won’t have an immediate impact, and if the public vote with their feet on the 23rd June then changes will occur over a staged period no doubt.

So where would it leave property investors, in particular those that have an interest in investing in commercial property…

The commercial property market (in particular cities such as London) has a large representation of European Businesses especially banks, and therefore it is assumed that they will move their businesses out of the UK…although this IS speculation and not a guarantee.

What are your thoughts around how leaving the European Union may affect/impact (if at all) your property investment journey.

Why not engage with us on Social Media and start the conversation…

robot in forex trading Check out this article for additional perspectives around this topic here

 

Define, Plan, Action, Focus – Repeat! – Susan Alexander The Property Mentor (Founder)

It isn’t ‘rocket science’ is it. If you want something in life it really does help to actually break down what it is that you want, to really visualise it, to be clear on the description, and have sufficient clarity of the mind, to define it.

Then when you are in that position, it is so important to plan the stages (steps/route) of how you are going to get that certain ‘something’. If you don’t plan, how will you know if you are on track, or doing the most appropriate things. Also if you make a plan, you can do each stage in manageable chunks…generally people who don’t do things in stages or manageable chunks get disappointed or despondent when they don’t reach that ‘something’ quickly, and then they give up, say it doesn’t work and go onto chasing the next shiny penny, or point the finger of blame at others instead of looking inwards and addressing what amendments they need to make to ensure the process works for them.

There are no short cuts to success, or ‘get rich quick schemes that work’, but you can ‘fast track’ your way to success or that something that you want…so let’s continue with the process, because once you have a model, system and process that works you can do this over and over again.

Once you have worked out your plan, then you need to take the necessary, and appropriate action…now here’s the thing, quite often people can feel like they are working hard on ‘doing stuff’ but if the ‘stuff’ isn’t relevant, or isn’t done at the appropriate time/key stage in the process, then progress might be painfully slow, or none existent. Keep assessing and reviewing whether the action you are taking is relevant to achieving your goal.

Keep focused on your plan and the actions you need to take, and you will get to where you need to be. So often individuals lose focus and start to deviate from the plan they have set themselves. There is nothing wrong with amending your plan to achieve your goal, but individuals generally go off on lots of different tangents, as opposed to taking the time to go through the process again: Define, Plan, Action, Focus – Repeat!

There cannot be enough emphasis on the importance of defining what it is that you want, planning and working out the steps you need to take to achieve this, taking the action, and focusing on this, in order to reach the target, or success that you want to achieve.

If you are struggling on your own with establishing a process that works for you, and need some help, support, guidance with this, then why not get the help from one of our coach and mentors through a offering stock options to executives and employees is a way to FREE 30 Min Coaching Call  

or if that isn’t for you, then we have specific resources that you might find helpful on this, why not take a look:

follow How To Create Your Strategy & Plan

http://www.trnab.se/dqq/2931 How To Get Clear On Your Destination

Susan Alexander

Investing in ‘bricks and mortar’ – Susan Alexander, The Property Mentor (Founder)

Investing in ‘bricks and mortar’ will still continue to be a vital component in increasing and enhancing wealth for Property Investors for the foreseeable future despite governments increasing initiatives to make it harder…

Why?

Well there are many reasons…but one in particular is because ‘buying properties for most’ is still out of reach.

Even those properties deemed to have the ‘affordable homes’ labels attached to them, available to first time buyers only, are still over priced for the majority of people; in particular the people the governments wants them available for!

There are ways of course to get onto the property ladder, but of course the majority of people are unaware of the opportunities or options open to them.

Education is a way for them to become aware, however it can be daunting knowing where to start, and who to invest with to gain such education.

Cutting the wood from the trees can be difficult, but there are reputable, credible and professional programmes and products out there, the key is to spend time researching the marketplace and doing due diligence.

We (TPM), like other experienced professionals in the property environment have online programmes, group programmes*, one to one premium and platinum programmes, plus a range of books, dvds and workbooks through to the ultimate bootcamp, as well as TPM Meetings to share experience, expertise, bring people together and offer support. We also have the opportunity for individuals to have a FREE Coaching Call with on of our coaches and mentors…however…

As the saying goes…

‘You can lead a horse to water, but you cannot make it drink’!

If individuals want help…help, tools, resources, and support is available…

But individuals have to TAKE ACTION…

So if you or someone you know is struggling or needs help and support, to start their property investment journey, or to kick start it, then why not reach out and help them take those steps, or if you are not in a position to do so, then why not point them in our direction 🙂

follow link We have Group Coaching Programmes starting imminently…if you want to be part of one of these successful groups, then why not get in touch and we can help you take action

watch Check out this article on Affordable Housing

 

Group Website pic

The Difference a Professional Mentor can make!

So many people think they can invest in property themselves and feel that they don’t need additional advice. Consider most of the worlds most successful people, they fast track to where they want to go by getting a coach or mentor because they understand that the time they save when learning from an expert far outweighs any cost incurred.

http://garagemotorcycles.com.au/dqp/8019 Real People – Real Results… Nikki & Patrick

“We started in property about a year ago. We were quite confused. We’d done courses. We’d bought course packs which had cost us a fortune, and we were really trying to go it on our own. We were going to courses and trying to learn different things along the way, but what we found was that we needed a little bit more guidance and that’s when we really started looking for a mentor. We had started a couple of businesses ourselves. We are quite practical. We are quite good at doing things ourselves. We thought we can do this, and we started wasting a lot of money that was the main thing.

When we started looking for a mentor, the money was really really tight for us, so we were like let’s do a joint venture with someone. We’ll do the work, they will show us how to do it and we’ll split the profit, and we found a couple of people but they just tried to take advantage of us more than anything and we ended up trying to be just like letting agents really. So we were quite wary when we were looking for a mentor. We were worried about being taken advantage of, or paying for something that we didn’t get enough out of it, and with Susan she has been absolutely fantastic”

Nikki – “I know when I was looking at lot’s of testimonials when I was looking for a mentor and one of the things I would always think to myself was, is this real? You know do they really help you this much? Do they really take you to the next level, and really get you earning that money through property, and Susan does. It is real and she does an amazing job and really kind of guides you along that journey”

Patrick – “I would say in one month with Susan, I learnt more than I had in the eight months before that’s for sure; and that’s going to courses, we’ve been to two courses, and bought quite expensive property packs, and for sure Susan helped us out more,. If I was to advise someone new into it I would say call Susan straight away, don’t worry about going to courses or trying to learn anything – Call her, she’ll get you in the right direction, and keep you in the right direction. That’s one of the problems that most people have; we’ve had. You get side tracked. You go over here you go over there, you want to make money doing this, money doing that, and she’ll keep you focused and point you in the right direction, and not only has she helped us with property, she has helped us with our own life as well; not that she really does that but she has helped us manage our life better to guide us on the right track so we can end up getting to where we want to be”

Nikki – “She’s very methodical in the way she teaches you. So it’s quite daunting when you do it yourself. She really breaks it down step by step, so you can really take one step at a time. She creates structure for you so you can follow it. There is still a lot of work you have got to put in but she lays out the path so you can get to it”

Patrick – “One of the reasons we chose Susan, we looked at quite a few mentors when we decided we were going to pay someone and there were people out there that we liked. Someone recommended Susan and one of the main things that was really good when we spoke to her was she wasn’t like this is the way you’re going to do it. She was like what’s your situation. We kind of knew what we wanted to do anyway because we’d done a fair bit but even then we were slightly off. She was like what’s your situation, where are you at; in life, money wise. What do you want to achieve and what’s your end goal. From there she evaluated what’s the best route to take, and that’s really important. Whereas other people were like I’ll show you how to do lease options, or I’ll show you how to do rent to rents or below market value, but that might not be best for you, you might not know what’s best for you”

Nikki – “Susan goes out of her way to help, she’s not in it for the money, she genuinely wants to help you, help you succeed, help you get to that next level”

Patrick – “It’s hard to believe, I would have really thought someone was doing it for the money, but after working with her she goes out of her way. She’s called us a few times after ten o’clock at night because we have a deal on the line, we were speaking to the vendor the next morning and she’s called us. I did not expect that. She’s genuinely, and as much as we are passionate people her passion comes into it as well. She’s into it as much as we are. She’s into the deals, wants to get it done, and wants it to succeed as much as you. So if you are looking for a property mentor, if you are beginning your journey in property, or further on wherever you’re up to, go with a mentor, and we really recommend Susan. I mean she is…don’t waste your money with courses, packs, with everything like that – pay a mentor – don’t think you can do it by yourself. We have started two businesses and this property is a whole new level and you’ll save a lot of time and a lot of money. We wasted a lot of money just on advertising we could have put that into Susan straight away and we wish we did – but we got there eventually…so go do it”

Image 6_1024                                                        Nikki & Patrick

 

Susan is the founder of ‘The Property Mentor’, and is a leading Coach, Property Mentor, Investor and Entrepreneur. Susan has personally trained, and provides ongoing training and support for all the Property Coach and Mentors that operate within The Property Mentor

When looking to get started or develop further it is important to ensure you select the right coach and mentor as well as the right programme to meet your needs, and achieve the results you desire.

If you are looking for greater focus, clarity, accountability, and guidance, but most of all to achieve the results, you desire, then a Property Coach and Mentor might be appropriate for you.

With a mentoring programme you can be clear on where you are headed from the start.

The Property Mentor coaches and mentors will help you put in place an action plan that will ensure you know what to do from day one.

follow url Check out some of our Property Coach and Mentors Right Here

Stay on budget with your Renovation project

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Before buying a renovation project you will most likely have considered the cost of the renovation and worked out in some detail what needed to be done. Well, in an ideal world that is what you might do before you buy, however the reality is often different for many reasons. When it comes to offering on a property it can sometimes be difficult to obtain enough access to the property, or to create the time required for you to get detailed quotes, therefore in many cases progress with offers are made based on a best guess renovation calculation.

Regardless of the detail applied to your renovation calculations prior to buying, it is likely you will have established a budget you need to achieve in order to make the profit you want from each project. Therefore, it is essential to come in on, or under budget to maximise the returns.

If like many other investors both new and experienced that I have spoken to you find it challenging to stay on budget and often find you spend more than you thought, I’d recommend using the following four C’s. These are the steps we share in some detail with our clients to assist them in staying on budget for their renovation projects.

Categorise – split your project into sub sections to cost the work from the outset. This can be done in a few different ways, however the most effective tends to be by trade or by job required, for example you might list out the different trades you require and create a list of the likely works you will need each of them to do. By breaking your project down into smaller categories or sections you will be able to obtain more detailed level quotes without the different trades necessarily visiting the property at the outset.

Using this information you could build a project plan for your renovation with costings attached, allowing you to track more closely how your actual costs are doing against your budget when the project is live.

Contingency – Allow for the unexpected to happen, as it inevitably will. Working to a standard % (say 10%) of your budget as a contingency, is certainly a good place to start, however consider the level of work and the age of the property, as these can have a greater impact on the amount of contingency you may need. Working on older properties can uncover things you were not expecting, albeit this is not always the case it is important to have a reasonable amount to cover unexpected items.

Control – Keep a very close eye on your renovation project from start to finish. Do not leave the builders or other trades to just get on with it. Majority mean well, however if you are not ensuring the project is moving forward every single day and week, you can be sure it will slip in time and money. When you are undertaking large renovation projects there is clearly alot of work to be done and if you don’t have a close eye on the work and the cost, a few hundred pounds overspend in a number of areas and a few extra weeks of finance costs will not take long to completely wipe out a contingency budget, and that is before you find something unexpected!!

Choices – before you commence identify at least 3 potential items that can be removed or reduced in your project to save money and/or time without affecting the overall finish and potential resale value. There will be times during most renovation projects where you feel the costs are increasing and causing you concern. It may be possible for you to manage through this without too much worry, and see the project though without compromising on the works planned. In some cases however you may hit challenge after challenge with the costs and timelines starting to edge out of control. When this happens it can be difficult to see things clearly, and therefore having identified where you can save money and time prior to the start of the project when you were thinking straight, you know you can safely remove or reduced these which will help towards regaining some control without affecting the resale value of your finished property.

By using the 4 C’s on your renovation projects you will have a much stronger chance of staying on budget with your renovation projects, and ultimately protecting the profits you started out to achieve.

For more information on how we can help you on your property investment journey, or to book a free coaching call to discuss any areas you need help or take a look at some of TPM resources that might help you – visit www.thepropertymentor.com

Wanted – ‘Individuals interested in becoming a successful, property business owner’

Are you a person who is aware of the potential of property investing, have you built your own portfolio and recognise how property can change your life and the lives of others around you. Are you someone that wants to make a business out of property, but don’t want to go down the route of setting up a property management company? Do you get a buzz out of helping others succeed and want to explore how to do this as a business where you can get rightfully rewarded for your knowledge, experience and expertise.

If you think the way we think, then we at TPM have some great news for you…

Here at The Property Mentor we are revolutionary property entrepreneurs and top notch property mentors who are ready to show you through our coaching and mentoring franchise package how success in a property business can be made.

You can gain some insight on this from a smart, imaginative and innovative property entrepreneur who has built a significant property investment portfolio, several property businesses, and has accumulated unparalleled success from her years of leadership and executive management skills as the leading property coach and mentor.

We have set up The Property Mentor as a Property Coaching and Mentoring Franchise, where you can become part of our team and build your own business at the same time. You will receive full training from Susan Alexander, and The Property Mentor Team, as well as having access to our state of the art and masterfully crafted systems, model, property entrepreneurship programmes, resources and products…then you will be in a position to write your own success story.

Don’t you think that this is the time for you to go to an isolated corner, have a seat, get a cup of coffee, take a sip and ask yourself…

If you really think that property is the mantra which can change your life forever…then it is time to sink your teeth into it, and ask us for more information on this opportunity breakout strategies forex RIGHT HERE

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