make money off property...?

Question

can someone tell me how to do this and what you need to get started etc....

any good books i can buy on this

Answer 1

Think you need to check out some web sites. Basically you but a property rent it out and which bays the mortgage and take tax refief on the letting topped up by capital appreciation in a rising market. As the market changes or the tax laws are changed you can lose more than you make ending in negative equity. Its a risky business and you need to know what your doing.

Answer 2

Hi there,

Here at Propertymentor.biz we understand that people get involved in property and don't make positive cash flow. They jump into the game with limited knowledge and it ends up costing them a lot of money overall. Our system will show you how to buy property with no money down and how to make positive cash flow from each property you buy.

I would advise you attend one of our FREE 2 Hour Property Investment workshop which we run everyday throughout the country.

If you feel you could benefit from our Property Mentor System we will allow you to attend our full on 2 day property investment Workshop (9am to 11pm) , 10 support days which are held once a month over a year, quarterly bashes where we have renowned speakers, a delegate forum (on line support), plus REG group (these are run by the delegates all over the country. Once a month delegates from an area get together to help support each other, set goals for each other and help each other achieve those goals)

We currently offer our delegates the option to pay as they go or (introduced this week) a deferred payment of a year. We give them the option to attend and use all of the above then a year later either pay the workshop off completely or pay monthly.

Hope this can be of some help

Best Regards
Stephen McIntosh
PropertyMentor.Biz

Answer 3

Easy - unless you already have a property the first thing to do is buy one.

For this you will need a Mortage.

To get a Mortage you will need INCOME (typically thgis is a WAGE from a JOB, however it could be profits from being a self-emplyed Landlord or property developer ie. rent on your other properties or profits from doing up and selling other houses.)

For any house in the South of England you will need to pay at least £200,000.

You should be granted a Mortgage of at least 5x Income.

So, to get started, find a Job that pays at least £40,000 a year (and be prepared to make repayments of about £2000 a month).

You will also need about £15,000 in actual cash to get going, but eventually you will be able to quit your £40,000+ a year job and live off the income from the Rent (or profit from sales).

Answer 4

I started with 10k I buy places that need updating on a mortgage with no tie ins, do the work and rent this property out 6 months later I remortgage the property release some of my equity and profit and continue renting it out. No tax payable as you are paying interest on the money released. I then re invest some and live on the rest. I quit work in March and havent looked back.

Answer 5

It's called buying cheap , maybe with some work to be done , and selling for a profit

Just hope the market dosn't crash