When you’re trying to negotiate with vendors to bring down the price of your property, you need some smart strategies to reduce the price (and increase your profits). The Calculator Close is one of these strategies, this is how it works:
Start with the asking price – get them to enter this in the calculator. Then break down all the costs involved in getting it to the ceiling price, one by one, including:
Don’t allow them to use ‘bargain...
Belief is powerful. If you believe you can do something it gets much easier to succeed. Of course, the opposite applies, if you don’t believe you can achieve something you will get what you expect.
I’ve been practising neuro-linguistic programming (NLP) for over fifteen years. So when I received a cancer diagnosis from my doctor in April 2016, I knew pretty much what I needed to do, to use my mind to allow my body to heal itself. I’d been diagnosed with stage 3 (next to the worst level) in several places so I knew I had to take it seriously.
I underwent chemo as well, but I conditioned my mind so that I didn’t suffer any adverse effects from chemotherapy. I felt perfectly healthy throughout the whole process—I never even needed to take a single day off work.
I got scanned at different points; to check progress, Eight weeks later the scan showed I’d reduced the cancer by 90%, and in another twelve weeks I’d got...
Most property investors are looking for existing buildings to convert, refurb and either turn into rental income or sell at a nice profit. However, if you’re looking for a new challenge, it’s tempting to consider building from scratch.
Before you get excited at the idea of building homes to either rent or sell, you need to know about finance. This isn’t mortgage territory – and it really isn’t bridging finance territory either. The funding for new build projects is called ‘development finance’.
Self-build mortgages do exist for a main residence, but if the lender suspects that you’re borrowing a self-build mortgage and planning to develop and sell on, they can pull the funding at any point, regardless of what point the project has reached.
Development finance lenders have a policy of putting up barriers to entry and this lets them choose the projects that they consider have a high chance of success.