Thursday, Jan 24, 2008
Seasoned property investors can look forward to excellent returns and strong capital growth
Mortgagestrategy: Buy multi-lets at auction now, say Property Show pundits
Simon Zutshi, founder of the Property Investors Network, says: “With the current market conditions, 2008 is a fantastic time to buy property. The market is expected to bounce back and long term seasoned investors can look forward to excellent returns and strong capital growth. 'All that is needed is a well thought through personal strategy, as well as strong negotiation skills.” Zutshi adds that multi-let properties present the most profitable returns for investors as these types of properties are currently experiencing high demand.
Posted by jack c @ 02:28 PM (842 views) Add Comment
12 Comments
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1. Landedgentry said...
Long Term Seasoned Investors?
They should be marketing this to the amatuer subprime gimps, the seasoned investors are cashing out.
Strong Negotiation Skills?
I don't think you need to twist their arm to get them to release their 'portfolios of debt' at a price well below what they are asking.
2. theboltonfury said...
what else is he going to say? It reminds of when Michael Fish proclaimed 'There will be no hurricane tonight'
3. yogi's friend said...
Auctions certainly seem a good place to buy - the real risk continues to be paying too much - His comment of below reserve for last year is largely meaningless - I bid on a property in December that didn't sell, post auction offered 9% under the reserve and was [thankfully with hindsight...] greeted with disdain - unless we see a substantial change of sentiment in the order of 30% 'wake up smell the Humus and look at property snake' lower reserves - going in early could be expensive.
4. Letthemfall said...
Bounce back and hit them in the face? When upbeat salesmanship turns to downright lies...
5. justwatching said...
'Bargains'
Nope they will come later. 18 months? 2 years?
6. inbreda said...
2 years as a minimum. Market's been flying for years and is due a massive correction. If they think they can talk people in to propping up the pyramid after a few measly monthly falls, they are urinating against the wind.
7. jack c said...
I think this bit gives the game away “In a slowing market, vendors are polarised into two groups, those that have to sell and those that don’t. The first group often finds that selling at auction is the best option for a quick and guaranteed sale". In other words cut your losses and head for the hills.
8. Landedgentry said...
Price falls are only beginning to gather momentum, like a rock falling down a hill accelerating. I'm thinking Fibonacci retracement levels.
9. Landedgentry said...
Nice try... a not so elaborate ploy to offload their debt to the suckers out there with blinkered vision.
10. techieman said...
Good point @ LG for those of you that dont know thats 31.8%, 50%, 61.8% (and im being a bit cheeky here - but its my personal favourite - 89%)
11. Landedgentry said...
50% would be welcome, but 89% would be fantastic.
Thanks for explaining the fib levels to everyone Techieman.
12. wiltshire said...
My personal favourite is minus 150%! Here's hoping!!!!!