Property Magic Podcast podcast

Add Value Before Purchase

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In this week's show, Simon talks about a concept called "Add Value Before Purchase", and explains how it can not only save you money when it comes to buying a property, but also ensure that you get a better return on your investment.

KEY TAKEAWAYS

  • Adding value before you buy a property is done through identifying an opportunity and securing it with a purchase option.
  • Cash-only deals signify that the property may be un-mortgageable for various reasons. This generally means that the property will be available at a discount, and is perfect for the 'Add Value Before Purchase' principle.
  • Fixing a problem with a cash-only property allows you to then secure a mortgage on it, but at the new value, which will be higher.
  • Most traditional mortgage lenders will not lend based on value, but on the purchase price, which may be lower. Look for specialist lenders who will look at the value of the property, rather than the purchase price.

BEST MOMENTS

'You buy it based on the higher value rather than the purchase price'

'You can find and secure these deals below market value'

'You are forcing the appreciation of the property!'

'I want to give you a slight twist that will make it even more profitable for you'

VALUABLE RESOURCES

Access the Purchase Lease Option Training by going to: http://www.plotraining.com/

Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

iphone: http://bit.ly/pinAPP1

Android https://bit.ly/pinAPP2

Register at Mindset For Property at - www.mindsetforproperty.co.uk

ABOUT THE HOST

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk. pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

CONTACT METHOD

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

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