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Posts Tagged ‘cash’

No Money Down – Sinner or Saint?

March 20th, 2010 The LHA Expert No comments

 

When I started property investing 5 years ago I did the old fashioned way, released money from my home, bought a couple of terraced properties, waited for them to increase in value and then remortgage. Then around 2 ½ years ago I stumbled on No Money Down or NMD. I thought all my Christmas’s had come at once. I couldn’t believe that you could buy property this way. There had to be a catch! But there wasn’t, I just kept buying and before you knew it id bought 35 houses within a year.

Then the unthinkable happened, the credit crunch and the demise of Mortgage Express, I was devastated. What I thought was my God given right to buy properties in this way, was snatched away from me, just as I was planning my early retirement (I was only 29 at the time) Read more…

Should I use a Sourcing Company?

February 27th, 2010 The LHA Expert No comments

 

This really depends on the strategy of the individual. Sourcing companies can free up your time immensely so that you can get on with the day job, they are for some investors a necessity, especially for those who are just starting out and rely on these companies for advice and guidance.

Sourcing companies are also needed for investors who live out of the area and have no intention of carrying out high levels of due diligence.  If you want high yielding, low priced properties then the North tends to be the place to look and for some southern investors they would rather rely on the experience and knowledge of experts in that area. Read more…