How To Invest In Property With Little Money UK: If I only had a very small amount to invest in property, do you know what I’d do? I’d buy a house within a week using a strategy called Purchase Lease Option agreements! This is a method I’ve used to secure properties with just a £1 deposit. In a recent video, I walk you through exactly how you can do the same!
If you want to know exactly how to invest in property with little money, I highly recommend watching the video until the end. You can find the video at the top of this page or on my YouTube channel. If you don’t have much money, but want to get into property, this is essential viewing!
If you know what you are doing, you don’t need a lot of money to get started as a property investor. Using creative strategies like Purchase Lease Option agreements, you can secure a property with as little as £1 (plus legal fees). In this article, I will show you how to invest in property with little money using this buy now, pay later strategy.
Do you know someone that wants to get into property, but doesn’t think they have the money? This information could really help them! Please consider sharing this article on your social media pages. With your help, we can spread property education to everyone who could benefit from it! Thank you for passing on the value!
1. How To Invest In Property With Little Money UK: Find A Property!
The first step is to find a property that has been on the market for a long time. You can do that by searching on a property portal such as Rightmove, and setting it to show the oldest listed first.
The aim is to find a property that the vendor hasn’t been able to sell, at a price they are able to accept. In many cases, this is because the property is in negative equity, meaning the property is now worth less than the remaining mortgage. This means the seller may simply want the property off their hands, but cannot sell it in the current market.
2. How To Invest In Property With Little Money UK: Make A Buy Now, Pay Later Deal!
Next, speak to the seller and explain that while you can’t pay them the asking price now due to market conditions, you can buy the property in a period of years. In the meantime, you will take over the property and cover mortgage payments.
This will allow you the opportunity to control the property and rent it out to tenants. Depending on the mortgage provider, you may be able to get permission to let it as serviced accommodation. This has the potential to be even more profitable!
3. How To Invest In Property With Little Money UK: Secure Your Deal Legally!
If the seller agrees, you need to get your buy now, pay later deal secured legally. This means using a Purchase Lease Option agreement. This agreement gives you the option, but not the obligation, to buy the property for a fixed price in a period of years.
You have to pay something to the seller for this option, but this could be as little as £1! In many cases, it will be a little more than that, e.g. £1,000 for a lower priced property.
It is important that the seller receives legal advice before signing, to ensure that the agreement is legally binding. It is also essential that you get a restriction order on the title deeds, so that your right to buy the property is protected. Once you have done all that, congratulations, you now control a property!
How To Invest In Property With Little Money UK And Other Property Strategies!
If you want to learn more about how to invest in property with little money and other property strategies, why not learn from a property expert? Join me at my next £1 training event!
We have different courses throughout the year, each teaching different things. Here is a sample of what you could learn on one of our popular £1 courses:
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Become a property investor using other people’s money so that you can get started straight away
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Utilise the 5 different types of raised finance so that you know exactly what to offer and when
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Find the perfect properties for the BRRR strategy
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Recycle your money so that you can ‘rinse and repeat’
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Build a power team you can trust, so that you can save time and money
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And much more!
Tickets are only £1, and you can get yours here. If you are ready to take action, I hope to see you very soon!
