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Dear Investor,
I spent a very enjoyable evening last Friday in Mayfair, London at a large gathering of property investors (300 people) for a gala dinner and charity auction. The next day consisted of a series of keynote speeches.
What became obvious by the end of the weekend was that the success of the attendees was the result of many different property investment strategies: BMV, Off-plan, HMOs, Buy-to-Let, distressed property, land development, commercial, lease options, Jet-to-Let, syndicate opportunities and so on......
The key point to take away is that you must meet and socialise with others who are interested in and actively pursuing a property investment path. You will learn a lot and also come to understand that there is no one formula, secret or plan you must adopt in order to be successful.
There are many different ways to skin a cat and as we are all unique human beings it should not come as a surprise that we can all achieve the same ends using alternative techniques.
I started in the world of property investing with a 1 bedroom new build apartment in Luton many, many years ago and am now pursuing a full-blown property development strategy where we buy the land, instruct the architect etc…..For instance, our next development which we will have ready for marketing purposes by the end of March, will be 100 apartments in a state-of the-art complex worth about £14 million and we have others in the pipeline over the next couple of months.
Almost all property investors start small and I actively encourage it. Master the process, earn your spurs and then take onboard more risk. For without risk, you may as well put your money in a building society. Risk brings reward and reward brings financial security and the ownership of ones own time.
Rome wasn't built in a day. But put the right foundations in place and you are only limited by your own self-belief.
If you want to learn the techniques used by successful property investors, discover a strategy suited to your own personal goals and risk and begin the journey or even alter course, join us on our 1 day intensive property investment course. We only have a few places remaining on the London course 27th January 2007 and have an alternative date of 24th February in Manchester.
You may have noted a change of date for the Manchester course from the 17th to the 24th February which is due to me having to be in 2 places at the same time!
FRANCK JEANNOUTOT
I would like to welcome Franck Jeannoutot to the team in Liverpool. After graduating with a Bachelor of Sciences (Business & technology) from Coventry (1996-1999), he passed his MBA in Geneva , Switzerland (1999-2000) and has since been very active in European real estate working for highly regarded companies.
He is French and also speaks English and Spanish.
Franck takes up the position as our Jet-to-Let investment business development manager.
 BANK OF ENGLAND
P.S. The Bank of England raised its key lending rate by 25bps last week to 5.25% (5.5 year high) whilst the ECB left rates unchanged at 3.5%. As a consequence sterling hit an 18 month high against the Euro at 66.4p and rose more than a cent against the dollar to $1.9538.
Most readers will understand the implications of this rise for their cashflow and demand (for sales and lettings), but I can hear some of you already discussing how you might gain from a strong pound. Am I right?
Best Wishes
Dominic Farrell |
