Posts Tagged 'property development'

10 cold beers not 20 please

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10 cold beers not 20 please

Do you ever find yourself in an awkward position which has arisen because someone else misunderstood you? This is particularly irritating when, like me, you are working in property investment, which requires an eye for detail and an ability to read the small print and understand the details of the offer. However, that doesn’t mean to say that everyone else has an equally clear understanding of the business conditions that apply in any given situation.

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Enough with the sunny weather !!

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After 10 days of hard labour (and I don’t mean just planting pansies or weeding – I mean hard labour shifting 12 tonne of soil, railway sleepers, bricks, pots, and rubble by hand and with a “digger”) I know two things;

 

  • first I am not cut out for hard labour more a director – organiser than a labourer – more property investor than property developer;
  • second that only my eyelids don’t hurt!!!

It ...

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What’s eating the roots of your business?

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I spent all last weekend murdering Vine Weevil Grubs in my garden pots. Somehow over the last two and half years where I have been so busy either buying and building my property portfolio, or writing a book about how I used Other People’s Money or setting up a training business ….. I had forgotten about my garden and how much pleasure I got from it.

I suppose there ...

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Rambling or revolutionary thinking?

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I first met Steve Green in late 2008 I think – he has a superb dry wit and given his day job a great deal of insider understanding into the minds of our tenants and the general population. We all know that we should avoid ‘red lighters’ and the philosophers of the Sun :)

Steve’s article was posted on one of the forums I belong to and I thought ...

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When is a sticking plaster a bad idea ….?

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Freehold-leaseholdWhen you use it to patch up a property deal …. I have been working with a mentee for the last 3 months or so, on a complex but potentially very lucrative property deal. He is planning to buy a large property already converted into three flats. You may recognise this a the ‘freehold-leasehold strategy’. Briefly the deal is as follows …You buy the large freehold house through a limited ...

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The 6 month rule – the CML’s one man mission to stifle entrepreneurialism and punish the savvy investor for their mistakes of the past.

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6 month rule – pointless and arbitrary

I am fuming! We are in this situation because lenders got greedy and surveyors got blazé. In a protracted “knee-jerk” reaction lenders, led by the giant Lloyds-HBOS  “we are the only lender around” have systematically increased the arbitrary time that one owner/investor must have owned a property before they can sell it without falling foul of the sub-selling clause.

In the, some say, good old days of Mortgage Express and same day remortgaging, investors ...

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