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16 posts from January 2008

January 25, 2008

Congratulations!...

Congratulations!...

Vanessa

Our very own Vanessa Warwick, has been recently shortlisted as a finalist in the Bradford and Bingley Female Property Investor of the Year Awards. Click here to e-mail Vanessa

January 24, 2008

4wallsandaceiling.com Live! Networking Day - 19th Jan 2008

   

WOW what a great day....4wallsandaceiling.com Live! Networking Day – 19th January 2008

Helen Marsden “4Wallsandaceiling’s first network event was FAB!

The day was very well organized and structured.  Both Nick and Vanessa put on very entertaining, informative discussions, and  having access to specialists from different backgrounds, Solicitors, letting agent etc, was a real bonus.

Being a very well attended event, the Networking was phenomenal! I will definitely be at the next event and highly recommend it! “ 


 

Property investment education specialists, 4 Walls And A Ceiling, went live with their first ever networking event, held in Guildford on Saturday 19th January 2008.

 We are delighted to report that we had a turn-out of some 80 property-a-holics, who joined us for a day of networking, education, market intelligence, and, of course, fun!  There was a wide variety of investors in attendance :  from full-time investors with substantial portfolios , to novice investors just starting out on the property investment trail.  Delegates travelled from as far afield as Somerset, Manchester, and Birmingham to join us. Nick Tadd, one of the U.K.’s most respected property investment speakers, opened the proceedings with a lively address of how to make the most of market conditions in 2008.  The underlying message of this presentation was to keep putting in offers.  Every time to get a “no”, you are one step closer to getting a “yes”, so keep being persistent and you WILL get a deal.   Nick also introduced the experts that we had brought along to add value to the proceedings.  They were:

Andrew Callen of Powell Callen Solicitors Adam Powell of C-Sense Lettings and Property Management Mushtaq Ahmed of Abrahams Accountants Adam Demetri and Soteris Georgiu of Jewel of Cyprus

These experts were on hand throughout the networking to answer delegates’ questions.

Next up, Vanessa Warwick, recently shortlisted as a finalist in the Bradford and Bingley Female Property Investor of the Year Awards, delivered a revealing presentation titled “How we purchased a £280,000 house in Basingstoke with no money down, £4.6K cashback, and positive net cash flow from the rent”. 

In essence, Vanessa deconstructed the deal from how she first located the house through to how she made the offer, and constructed the deal in a bridging loan/cash back format.  This included a section on how to get the valuation through at the gross price.  This prompted a great deal of interest in the room, as many people there had suffered down-valuations and they were very excited to learn a way to ensure that the possibility of this happening in the future is minimised.  Vanessa’s message was that you must take responsibility for the valuation yourself, and do not leave it up to chance.  She revealed a strategy that she had used to great effect and this really got the room buzzing and prompted a lot of questions. 

After Vanessa’s presentation, we were able to announce that our preferred solicitor, Powell Callen, were offering a FREE bridging loan facility to our clients.  Many delegates were very excited at this prospect and Andrew Callen was on hand to discuss their requirements with them.

Nick also announced the launch of our flagship event – “How to get developers phoning you with discounted property deals – guaranteed”.  This will take the form of a hands-on , practical event where you will bring your laptop and schedule your forthcoming year in property.   We are hoping to create a “live trading platform” at the event, where you have the possibility to walk away with a live deal!  It is the actual system that we use ourselves to find fantastic deals like the Basingstoke house mentioned above!  As a result, we are only offering strictly limited places for this course, and we are currently compiling a list of people who are interested in attending.  Syllabus and price of the course will be released shortly.

After further networking, the day ended with Nick doing a fantastic presentation on why you should consider investing in Cyprus in 2008.  The presentation revealed the science and mathematics of locating genuine off-plan opportunities, of which Cyprus is a major contender.  The island enjoyed 9% capital growth in the last three months of 2007 alone, and Nick explained the reasons why and why this is going to continue.   A large number of our delegates were then able to book themselves onto a subsidised viewing trip to see for themselves the opportunities on offer.

Thank you to all delegates who attended the event – we salute you for your positive outlook and your belief in moving yourselves forwards through education and networking.  Thank you also to the experts who gave up their valuable weekend time to come and support our events and our delegates.


Our next networking event is scheduled for: 16 February 2008


We are lining up a presentation from Life Coach, Zara Tippey, who will be talking about how to overcome fear and procrastination to move yourself forwards in 2008.  This presentation will be particularly valuable for people who have been “thinking” about getting involved in property but have not taken any action.

We will also be enjoying  a presentation by “SuperBroker” Jane Hughes on the latest creative financing techniques and mortgage products available to investors.  This is definitely not to be missed as Jane has an amazing track record of getting deals through where other brokers failed.

We would like to challenge you all to bring two people you know who might be interested in property investment.  As we grow the network, we will all benefit and move forwards through the group momentum!

Next time, we will be charging £10.00 entry to cover the cost of the room.  However, if you bring two people with you, you will have free entry to the event.

We have received tremendous positive feedback from the event, with some and pictures testimonials below:


   

Testimonials.........
 
Denise Gray
After attending the 4wallsandaceiling seminar I felt both uplifted and armed with knowledge. The talks were clear and inspiring with lots of tips, and networking with like-minded folk was priceless. I would recommend this to anybody who is thinking of taking that first step into the property world as it is a wonderful environment in which to learn. Thank you to Nick, Vanessa and all at 4walls, you are amazing!

Anna McNicoll A truly inspiring and motivating seminar.  Thanks for sharing your experience and wisdom with us.

What a truly amazing launch for 4wallsandaceiling.com

Joy Webber I found the  “4wallsandaceiling”  networking event held on 19th January to be really valuable, informative and well-constructed presentation of how to succeed as  professional landlords in today’s  rather volatile market.

The presentation was professional and efficient, relaxed and – above all – FUN !

It was also extremely useful to understand how to evaluate the opportunity that is being offered in the emerging market in Cyprus.  Thanks and please keep me informed of future events.

January 22, 2008

Low Interest Rates Tempt Investors to Cyprus

Low Interest Rates Tempt Investors to Cyprus

4wallsandaceiling.com Newsletter

Source: - Homes Worldwide

Nick Says…

Just goes to show, albeit a year or 2 late, but the maths is on your side. Get in to it now before the “roaring hoards” and you will have bought it for less. Based on that you will always have a marketing “ace” up your sleeve that the late comers will not… you can charge LESS rent than they can and it still will pay for itself.

Interest rate cuts in Cyprus could serve to attract more foreign property buyers to the country, a newspaper has stated.

Cyprus became a member of the single European currency at the beginning of the year, adopting the same rate of interest applied across the eurozone.

This has prompted the Telegraph to speculate that the new rate of four per cent could help enhance the island's appeal as an investment market to foreign buyers.

The newspaper commented: 'Property values there look set to start increasing as more buyers take advantage of the new rates.'

In addition, it said that during the two weeks since Cyprus joined the euro, the currency had 'already' had a positive impact on its economy.

Earlier this week, EU monetary affairs commissioner Joaquin Almunia congratulated the island's population for giving the euro a 'warm welcome' since it entered circulation on New Year's Day.

Ebookbrochurecypruslarg_3 Click here to get your up-dated 2008 guide to investing in Cyprus
only £4.99

January 21, 2008

Cyprus high in free market rankings

Cyprus high in free market rankings

4wallsandaceiling.com Newsletter

Source: - Cyprus Mail

Nick Says…

I found this on the internet the other day and it’s powerful stuff, it just goes to show how Cyprus has the wealth and stability to take a chunk of risk out of your investment.

CYPRUS HAS the world’s 22nd freest economy according to an assessment by The Heritage Foundation in Washington and published in the Wall Street Journal yesterday.

More specifically, the island is characterised with a free market economy of 71.3 per cent and is ranked 11th out of 41 countries in the European region, with an overall score higher than the regional average and an above average score in nine of ten ‘economic freedom’ categories.

Coming out on top with 90 per cent are property rights, with the foundation reporting that, “contracts and property rights are enforced effectively. The civil judiciary, including the Supreme Court, is independent constitutionally but not always in practice.

However, intellectual property rights are not adequately protected in the area administered by Turkish Cypriots and real property remains one of the key contested issues.

Monetary freedom is next highest with a score of 85 per cent. “Inflation is relatively low, averaging 2.5 per cent between 2004 and 2006. Relatively stable prices explain most of the monetary freedom score.”

Trade freedom also ranked highly with 81 per cent.

Cyprus bottomed out in the ‘Freedom from Government’ rankings, with a score of 43 per cent.

“Total government expenditures, including consumption and transfer payments, are high. In the most recent year, government spending equalled 43.6 per cent of GDP. For two decades, budget deficits have tended to be around five per cent of GDP, although fiscal consolidation has lowered the deficit more recently.”

In concluding its report on Cyprus, which was one of 157 countries studied, The Heritage Foundation stated: “The economy enjoys world-class property rights and solid investment, monetary, trade, labour, business, and financial freedom. The judiciary is independent.
“The labour market is relatively flexible, with moderate severance packages and unemployment benefits.

“Inflation and average tariff rates are low, although monetary and trade freedom are muted by adherence to the standard EU subsidies of agriculture. The financial market is sound and open to foreign competition.

“High government expenditures are the primary weakness, with total government expenditures amounting to more than two-fifths of GDP.”

Ebookbrochurecypruslarg_3 Click here to get your up-dated 2008 guide to investing in Cyprus
only £4.99


January 18, 2008

Live in the UK – Invest in Property Overseas!

Live in the UK – Invest in Property Overseas!

4wallsandaceiling.com Newsletter

Nick Says…

With the current property situation in the UK, anyone wishing to invest their money in the property industry would be wise to watch the situation for a while and see how things change.  It could be that in a few months a bargain or two may surface from properties that currently wouldn’t have much of a return on the investment if you invested in them now.  But that doesn’t mean that you must leave your investment capital sitting idle, it can still be earning money!

Whilst the UK property market is ailing right now, other countries are experiencing growth in the area, and it could be that your investment capital could be put to use on the international real estate stage if you do your research properly.  Although some countries, such as the US, are also showing a downward trend in their property market, there are other countries – Cyprus for example – where property investment is still a viable prospect.

Before putting your capital into overseas property investing however you need to check out the regulations that govern such investments.  If you have a legal adviser, it would be wise to talk to them about any differences in how the investment works overseas compared with the UK property market.  If you plan on buying land with a view to development, then you should look into any legal issues that this will involve.  You should also do a good research audit on the area, and see what makes it a good investment prospect.  It could be that a local person will know more than someone in the UK, so try and get advice from both your own legal counsel and also from someone who lives local to the land you are interested in developing.

One good source of “local” information is the British Embassy in the country where you are planning to invest your money.  They should not only be able to advise you on local laws and regulations, but also give you advice that they’ve learned from other UK investors in the past.   Before signing any official paperwork for an investment overseas project, you should also talk to your tax adviser in the UK to see what your position is on taxation paid on overseas investing.

As the downward property market trend continues in the UK, don’t just watch it in dismay – get your atlas out, do some homework in current overseas property publications and see where your money can be best employed to get the greatest return for the smallest investment.

Ebookbrochurecypruslarg_3 Click here to get your up-dated 2008 guide to investing in Cyprus
only £4.99


January 16, 2008

4wallsandaceiling.com LIVE... networking event.

We have a networking event happening this weekend at the Holiday Inn, Guildford.

If you want to attend and receive a PDF of the day please e-mail me at nick.tadd@4wallsandaceiling.com

4walls_live_reflection

January 15, 2008

Property investment news: A look at the interest rate decision

Property investment news: A look at the interest rate decision

4wallsansaceiling.com
Newsletter

Source: - Equity

Nick says…

This is exactly as it should be. All it means to me, other than the focus on mortgage products, is that builders will still find it hard to shift stock as the lenders will find it hard to release new products until the bank makes up it’s mind.

As I write this, we already have a whole day’s worth of visits to building sites booked in… note we did not phone the builder they phoned us! This just goes to show the motivation.

News Image On Thursday, the Bank of England's monetary policy committee (MPC) voted to keep the UK's base interest rate at 5.5 per cent. The move went against the demands of the retail industry, which for the most part wanted a cut in order to boost sales after a weak Christmas shopping period. Despite the high street's calls, however, the Bank's decision was in line with most experts predictions. A poll of eight of the country's major financial institutions found only one who was expecting the rate to change.

"Despite some evidence of a sharper-than-expected deterioration in business and financial services, overall data developments during the past month do not seem sufficient to force an earlier policy response," said Ross Walker, spokesman for the Royal Bank of Scotland.

Giving a possible reason for the MPC's decision, he added: "A follow-up rate cut in January would risk signalling that the MPC had abandoned its November Inflation Report central projection and soft-landing narrative." Mr Walker also said that the general feeling is that the cut will come next month, sentiments shared by Global Insight and HSBC.

As property investors may be aware, February will see the release of the UK's quarterly inflation report, which Mr Walker referred to. Inflation is always a major factor in the MPC's decision making process as it can use the interest rate to try and control it. The holding of the base rate at 5.5 per cent would appear to be an anti-inflationary measure amid high oil prices, soaring energy costs and a floundering US economy, but obviously the committee will have a better view of these things when the report comes out next month.

This idea is shared by Trevor Williams, Lloyds TSB's chief economist for the UK, who said before the decision: "My view is that they should leave it until February; because then they will have the new forecast of inflation which [looks ahead] two years, gives them a better feel for how the economy has performed over the last few months - and how it may perform through the next two years - and what implications this has for the inflation target."

People in the property investment market, who may have been monitoring the interest rate decision closely because it can affect their mortgage repayments, should be aware that while many predict a rate cut next month, further cuts are also expected later in the year.

Barclays Capital spokesman Simon Hayes - the one expert in the poll who did move for a 0.25 per cent rate cut this month - said his organisation also expects a reduction next month, followed by another in April. His forecasts would see the base rate set at 4.75 per cent by the start of May.

January 14, 2008

Amateur landlords’ long-haul investment

Amateur landlords’ long-haul investment

4wallsandaceiling.com
Newsletter

Source: - easier property

Nick Says…

Firstly which group do you sit in?

Not that it matters, but just out of curiosity, do you consider yourself a professional or amateur Property Investor?  Either way as long as you have positive cash flow you will get your goals no matter what.

The other interesting fact I drew out of this was that 41% of investors/landlords are women and that they are far more cautious than men. (That means I must be in touch with my feminine side!)

Recognising that there is a large group of female investors/landlords out there we have organised a specific web-site/network group called handbags and houses (Click here)… although it’s in it’s infancy, I would like to draw your attention to it so you can register.

Nearly nine out of 10 (87%) landlords regard managing their rental properties as a profitable pastime, with only one in 25 (4%) regarding it as their full-time profession, Alliance & Leicester Mortgages’ new annual Landlord Index reveals.

More than half (57%) of today’s landlords say they invest in buy-to-let property to build up assets for the future, fund their retirement, or pay their children’s university fees, rather than to supplement their monthly income. This suggests many have opted to invest in bricks and mortar rather than traditional pensions, although one in ten landlords (11%) say they still earn half or more of their monthly income from their buy-to-let properties.

Almost a third (31%) of landlords are over 55. Nearly two out of three (64%) landlords say they plan to continue renting out their property, as they are happy with the income they are getting - with the period most plan to let property averaging around 18 years. One in five (21%) see it as a short-term investment and plan to cash in on it within the next few years.

Women favour long-term growth

With more than four out of 10 (41%) landlords women, the research highlights differences in approach to buy-to-let investment between the genders, with women far more cautious than men.

Half of female landlords (50%) say they invested in their buy-to-let specifically to build up assets for their retirement – compared to 40% of men. But one in five (21%) men say making a monthly income as the grounds for purchasing their buy-to-let property – compared to just one in 10 women (13%). Around 22% of male landlords make more than a quarter of their income from their rental property, with nearly two thirds (65%) keen to continue expanding their portfolios and actively consider buying more buy-to-lets in the future - compared to 45% of female landlords who are planning to take on more properties.

Stephen Leonard, Director of Mortgages at Alliance & Leicester, says: “It is encouraging to see landlords taking a measured, long-term approach to their buy-to-let investments. Releasing the equity built up in a rental property over a number of years could provide a crucial lump sum to cover future needs, like university fees, helping their children onto the property ladder, or even acting as an alternative pension pot. But whether it is to provide a pension for retirement, or a monthly income, landlords’ ambitions suggest buy-to-let will remain an important part of the overall UK housing market.”

Hh_logo1_2


Click here to go-to Handbags and Houses

January 11, 2008

Ombudsman concern at property advice

Ombudsman concern at property advice

4wallsandaceiling.com Newsletter

Source: - Ireland.com

Nick Says…

This is good. Concern over the quality of the companies/people selling investment property… I wish it extended to Property Clubs as well.

The Financial Services Ombudsman Joe Meade expressed concern today at the overseas property investment advice being proffered by some financial advisers.

Over the period July to December 2007, Mr Meade made two awards totalling €55,000 to people who complained about the poor quality of investment advice given on foreign properties.

Mr Meade said he had noted problems in this area in July but noted that confusion and non-declaration of interests were still in evidence.

In case study released today Mr Meade said an investor had sought advice from a company offering investment advice and was advised to purchase it using a deposit of €70,000, or half of the purchase price.

The advisor said it would be possible to sell the property for a profit shortly. However, this did not happen and the investor complained to the Ombudsman that the advice was flawed and the advisor had a conflict of interest as he was also earning a commission as an estate agent from the developer, a fact that was not disclosed to the investor.

When the case was investigated, the Ombudsman found that the advisor was using a business card which on one side showed he was trading as a financial service provider and on the reverse, as an estate agent.

The ombudsman found that the advisor had a "clear conflict of interest" and could not offer independent investment advice on that property.

Although the complainant claimed to have lost €50,000, the Ombudsman found that he was negligent in proceeding with the investment without satisfying himself that the property was correctly valued. As a result, the Ombudsman made a finding of €25,000 against the advisor.

A second payment of €30,000 was made against another property advisor, the details of which were not revealed.

Last year, some 4,374 complaints were made to the Ombudsman, a rise of 15 per cent .

Other complaints to the Ombudsman involved a settlement of €25,000 following a dispute over direct debit payments. Investment advice that was adjudged to be misleading resulted in the award of a settlement of €17,000, the Ombudsman said.

January 09, 2008

Hope beyond the turbulent months in London

Hope beyond the turbulent months in London

4wallsandaceiling.com
Newsletter

Source: - The Times On-line

Nick Says…

As the highlighted sentence states… the bargain hunters are biding their time. This year should turn out to be one of the best for tenacious acquisitions.

Foreign property buyers are still paying astronomical sums for the finest homes on the best squares, but their influence on the wider London market should not be underestimated.

By obliging those with smaller budgets to look at less fashionable locations, they kept the capital’s residential market bubbling along last year.

Few parts of London have failed to benefit, as bonus cash was diverted from Belgravia, Kensington and Chelsea to Chiswick, Clapham and Islington – and on to outer suburbs.

The threat of any sudden reversal of this trend leaves many highly mortgaged homeowners feeling vulnerable. They will find that their new neighbourhood looks suspiciously like the “high tide mark” that they have been warned to avoid in a slowdown.
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But most borrowers are some way from being forced into a sale by modest price adjustments. And many of the hardest-pressed buy-to-let investors will hold on until April, when changes to capital gains tax could mean a much-reduced tax bill.

Demand for homes should hold up as bargain-hunters – including the more experienced investors – take the opportunities presented by forced sales. Among these will be the investors of bonus cash. Savills, the estate agent, estimates that only £2 billion of bonus money has been set aside for property, down from £5.5 billion last year, though Cluttons thinks that such investors are merely biding their time.

Most experts predict a turbulent few months in London, but towards the end of year they expect a return to house-price growth.

From next year, the good cheer will, they say, have started to spread regionally again.

It may not be a pleasant start to 2008, but it’s not necessarily the beginning of the end, either.