The Best Area In The UK For Buy-To-Lets: Where is the very best area in the UK to buy houses as investments? Well, I recently visited Swansea, Wales. The houses in the street I visited were selling for about £100k-£125k, but they were renting out for about £900 a month! So the return on investment in this area is banging!
I toured a property bought by Corey, one of our Academy members. He is getting £975 rent for a £80k house! If you want to see exactly how he did it, you can watch the full video at the top of this page. You can also find the video on my YouTube channel.
In this article, I will explain 3 ways to make the most of these amazing returns in Swansea, Wales. If you find this article helpful, please consider sharing it with a friend. Let’s work together to spread financial education to everyone.
1. The Best Area In The UK For Buy-To-Lets: Find Motivated Sellers, Don’t Be A Motivated Buyer!
Even when you are buying property in somewhere like Swansea, you still need to be able to negotiate a good deal. This means finding motivated sellers. Motivated sellers want to sell their properties fast, and are therefore open to below market value offers. Examples of motivated sellers could include people that are moving out of the country or going through a divorce. Hence, a buyer that is ready to move quickly is more important to them than getting the best price.
To find motivated sellers, you need to avoid becoming a motivated buyer yourself. This means viewing a lot of properties and never falling in love with any particular one. Use formulas over feelings and make offers accordingly.
2. The Best Area In The UK For Buy-To-Lets: Be A Cash Buyer!
If you want to get a good deal, you need to prove to sellers and agents that you are able to move quickly. Being a cash buyer is one way to do this. When you are a cash buyer, you can make lower offers and still be taken seriously by the seller. Depending on their situation, they may even accept a lower cash offer, even if a higher, mortgage financed, offer is on the table.
If you don’t have the money to buy the property for cash yourself, you could consider bridging finance or a joint venture partner. This will allow you to have many of the benefits of being a cash buyer, while using less of your own money!
3. The Best Area In The UK For Buy-To-Lets: Sell The Deals You Don’t Need!
As Corey built relationships with estate agents, he started to get a lot of deals coming through to him. He wasn’t able to buy them all himself, so he just turned them away! I spoke to him about this, as he was leaving money on the table. Once you have a supply of deals, you can sell any excess to other investors!
Property investors are always looking for their next deal. Many do not have time to find and negotiate these deals themselves, and therefore use deal sourcers. If you have good property deals coming your way, selling them on is a great way to create cash-flow for your own investments!
The Best Area In The UK For Buy-To-Lets: Getting Trained!
Now you know the best area in the UK for buy-to-lets, why don’t you start building your own property portfolio? Come and learn from a property expert! Join me at my next £1 training event!
On the course, you will learn how to:
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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 BRR 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!
