Join the next Ninja Investor Programme Workshop - in Leeds, Birmingham London or Bristol - Click for more info
Meet Kevin Wright Read the Ninja Blog Achievers Mastermind Online Course Webinar Attend a Workshop Login

Do you really need a 25% deposit?

property investing Jun 10, 2019

Most mortgage lenders require a 25% deposit, based on the amount you’re paying for your property.  If you’re planning to get into property that can be a big hurdle to get over.

The days of no-money-down mortgages are long gone and are unlikely to return.  Leveraging credit cards is a decidedly dodgy way to raise funds, so where does that leave you?

There’s a strategy I call the 90% flip.

This strategy blows apart the preconception that a 25% deposit is required to buy an investment property.  Better still it works in a variety of situations. 

  • It works great for smartly presented houses where no refurb is required, but the owners are motivated to sell.
  • It also works if you want to buy a repossession.
  • It also works if you want to buy at auction.
  • Interestingly, it works if you want to sell at auction too.
  • Lastly it will work if the vendor won’t go for the 100% refurb strategy covered in the next section.

This strategy can turn around a...

Continue Reading...
Close

50% Complete

Two Step

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.