My Business Online – For NON-Computer Geeks

The world is a wonderfully eclectic place full of difference which is a marvellous thing. Depending on what sphere you move within will influence how you think about the internet and internet business. Is the concept of ever having my business online, a complete fantasy or some desired reality for you? And how capable are you to participate in the world of internet business?In the space of one week I discovered two conflicting views about where business is at in terms of internet presence. I read an article that proclaimed every business today was aware it needed to have an internet presence to survive and most had developed that. I also spoke with a business coach and consultant based in a regional area who said that for most business owners, the internet simply wasn’t in their head space. He was involved in the delivery of a business course locally and there was absolutely no mention of the internet in any of the course materials. He admitted that it was becoming necessary and internet content would be included in coming years. So who is right?In the regional area in which I live, the concept of the internet business is very much in its infancy. Many people purchase online and the number and quantity of online purchases is growing all the time. Particularly for regionally based populations, the internet is one giant department store where anything is instantly available. However, when it comes to considering putting their own business on-line, many people are not quite there yet. Some businesses with a retail shop front will sell on eBay or have some form of internet element to their business. By far the vast majority of regionally based businesses would have very limited knowledge about how to go about optimising traffic online. Very few would have any idea about how to conduct market research on an idea or business to ascertain whether or not it could compete online.From my initial observations it appears there are three very broad categories when it comes to people and online business.There are computer geeks who speak a foreign language and who have the innate ability to write code hard-wired into their genes. The internet is their world. They rarely see the sun and have difficulty being understood by the rest of the world., Then there are the non-computer geeks who want to participate in the commercial world of the internet business. These are the questers. They know there is a whole lot of stuff they don’t know and they are constantly educating themselves but it’s a challenge and mentally exhausting. Most simply do not know where to start looking. They might attempt a blog or develop a website but without any knowledge of how to get to page one on Google, they remain forever in the far reaches of cyber sphere occasionally clicked on by some lost or wayward internet search gone wrong.And finally, there are the twiddlers. They like to look but they do not put their own content on the net. The internet is a foreign place. It’s interesting to be a spectator on the train as it flies through the terrain but they would never step off for fear that they might get lost or get too close to something that might explode.I am a self-confessed quester. Luckily, I know some computer geeks quite well and when they finally got sick of me asking stupid questions like:- Do you think a subscription service for tampons would go well on the net?; or How do I find out how many searches there are for red wax candles?, they politely pointed me in the direction of some internet based training. Now, having fought my way through the jungle of internet keyword analysis, search engine optimnisation and authority backlinks, I can now see how ridiculous my questions were.But I also now have the tools to answer those questions for myself. Knowledge is empowerment and I feel much more empoweerd having gone through the learning process myself than having outsourced it to a computer geek!

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Cheap Personal Loans Are Not Easy Unless Significant Efforts Are Made Towards Getting It

Thousands of people use Google and other search engines everyday to search cheap personal loans. While searching personal loans online has become convenient, cheap personal loans are as remote as they had ever been. Almost every lending organisation extols the virtues of personal loans available through it. Nevertheless, getting to the bottom of the assertions is not an easy task.Till the list of lenders has been short listed to a few, the borrower can at best gain knowledge about the lenders and their financial products through the Internet. The information available on the Internet is very limited and mostly relates to what the lender himself has to say about his own product. In order to view the product and its features more critically, one needs to do further research. However, the number of borrowers who are competent and have time to undertake the research is still a debatable issue.Consequently, borrowers continue to be as insecure about the quality of deals through online lenders as they had been before. Before online lending came to the scene, borrower would check with each lender if the offerings are in any manner better than the former. Comparison through the usual tools, information gained through experts, and personal intuition was employed to search the correct personal loan. Though the process was often protracted, chances of getting cheap personal loan were significantly improved.When lenders shifted their business online, borrowers forgot that personal loans offered by all lenders were not necessarily cheap. Busyness was always an excuse to exempt themselves from their duty towards the quality of cheap personal loans. Since, the obligation presented by the loan will be borne by the borrower, he needs to have a keen eye while making important decision.Online comparison between Cheap personal loans from different lenders is more convenient. Sincere search for an hour or so on the Internet will help borrowers create a big database of loan providers. For the purposes of comparison, loan calculator is the best method. Loan calculator resembles a chart showing APRs being charged by several banks, financial institutions and building societies. The data is classified on the basis of the type of loan, example, secured and unsecured loan, personal and business loan etc. When the data is revealed, borrower instantly knows if the APR promised to him is cheap or not.The results of loan calculator are not very specific. On some occasions, the entries in the loan calculator have not been reviewed for weeks. The results thus are not as effective. Loan calculator can at best give a vague idea of the quality of deals. Loan quote complements loan calculator. Loan quote is an offer to the borrower to accept cheap personal loan along with a set of terms and conditions. The terms and conditions of the personal loan are described in detail in the loan quote. A rational borrower will try to gain maximum inferences about the loan and the lender through the loan quote. Loan quote presents no obligation for the borrower. Thus, it will be wise to have loan quotes from about five to ten loan providers before selecting one of them. Borrowers can reject all quotes and start the search afresh if no deal appears promising. Many loan providers are still available, and employing a new search criterion will be helpful in getting much better loan opportunities.Cost of the loan is not solely made of APR. There have been many instances when the APR, or the visible face of the personal loan was lower. However, when the loan came for repayment, the cost of personal loan was much higher. Borrower failed to read the fine print in detail. It was here that the loan provider had the extra charges written. Borrowers thus have to be very careful while reading the terms and conditions. Proper negotiation on terms is necessary to lower the cost of cheap personal loans.We have often heard people say that a best personal loan would best meet their requirements. Cheapness is a criterion through which a personal loan will be adjudged best personal loan. Cheap personal loans are not as subjective a concept as best personal loans. By deciding his priorities well and using effective search criteria, the search for cheap personal loan can be made more material.

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Auto Loans

Auto loans are fairly easy to obtain from a variety of sources – no matter how good or bad your credit may be. Options for auto loans include bank loans, finance companies, and in-house loans. The loan that you get depends on whether you are buying a used or a new vehicle.Most banks and finance companies, such as GM, will not loan money on vehicles that are over five years old. They also will not loan money on vehicles that are not worth the sales price. Therefore, if you are purchasing a used vehicle that is more than five years old, you will need to obtain in-house financing where you purchase the vehicle – or pay cash for the vehicle.When purchasing a new vehicle, depending on your credit, your best bet is to get your auto loan through a bank. In most cases, you will find that the interest is a little lower, making the payments lower and easier to manage. If you are unable to obtain bank financing, your next option is to go through an automobile financing company like GM. The credit requirements for GM are a little easier to meet, but usually a higher down payment is required, and the interest is also higher.In-house financing where you purchase the vehicle should be your last option. The interest is usually very high, and the loan amount is typically much more than the car is actually worth. While your credit score doesn’t matter much in this area, your ability to make a higher down payment and higher monthly payments on the auto loan matters a great deal.When you have auto loans, you will be required, in most cases, to carry full coverage insurance on the vehicle. Failure to carry such insurance can result in having the vehicle repossessed – even if you are making your payments as scheduled.

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10 Things You Didn’t Know About Affiliate Marketing

Most people have heard of affiliate marketing, even if they haven’t actually started doing it. Affiliate marketing is basically referring people to various products and services around the internet. For each sale you generate through your affiliate link, you earn a commission. The size of the commission depends on the products themselves, who is selling them and the percentage offered by the seller to the affiliate.But what is actually involved in affiliate marketing? What do affiliates do on a daily basis? How do they earn money and how do they learn what to do?1 An Example Of A Successful WebsiteThere’s several ways of marketing products and services online. Many affiliates create a blog first and sell products and services through their blog. Martin Lewis has a very successful website called moneysavingexpert.com. This is also an affiliate website. By creating content and helping people decide which service to use: which credit card offers to choose, the best interest rate etc. moneysavingexpert.com makes money by sending website visitors to various offers. If a sale is made through this website, the link this credited to it and a commission is made. By creating content, offering value and helping people make sensible choices, the website has built a reputation and become more prevalent over time. Google ranks the site highly in the search engines and thousands of people use it to make purchasing decisions every day.2 How Can I Get Started As An Affiliate?Affiliate marketing is huge. There are thousands of people already making their main source of income from the internet. To get started as an affiliate you need to learn some basic strategies and build various methods of generating traffic from the internet to those offers. A lot of affiliates start with a simple blog. Many travelers ‘blog’ about their travels. If you don’t have a passion or interest to blog about, you can start by following an online course which will help. See my bio for more info on this.3 How Long Does It Take To Make A Living?Some people go into affiliate marketing with the intention of creating a second income. Some people want to make big money. Depending on how much time you can dedicate to your affiliate business, and how dedicated you are to it, is a big factor in determining your results. Results vary from person to person. With a large advertising budget and the right business model, some affiliates have replaced their living in 6-12 months. For others it can take years before it replaces their existing income. Depending on your approach, advertising budget, and business model, it can take between 3 months and several years to build it to a point where it can replace an existing income.4 Can Anyone Do It?One of the great things about affiliate marketing is that the technology is now available to allow anyone to build their own online business. As long as you are prepared to learn and implement that knowledge, anyone who can operate an email, can use online platforms and tools to build their own online business. The main thing you need is the desire to learn. Affiliate marketing isn’t for everyone though. It does take a lot of hard work and it can take years before you are rewarded financially.5 What Are The Pitfalls Of An Affiliate Business?You need to dedicate some time to your affiliate business for it to work for the long term. Some people go into affiliate marketing thinking it is some magic pill which will pay them instantly in cash. Much like a job you can’t expect to get out more than you put in. Affiliate marketing is performance related. This means you don’t get paid unless you can successfully sell products and services online. If you don’t know what you are doing it can take years to do this. You can’t be a dabbler and expect to earn the big money. The big earnings are created over years of hard work. Don’t expect to achieve this with only a small amount of input.6 What Are The Best Things About Affiliate Marketing?Affiliate marketing offers an incredible amount of flexibility and freedom. You can work an affiliate business from anywhere in the world providing you have a laptop and an internet connection. You can choose your own hours and build it up around existing work. Many people come into affiliate marketing because it offers this kind of flexibility. They can choose their priorities in life: spend more time with family, choose your working hours, travel and work abroad. No more commuting to work or working long hours for a boss you don’t like.Affiliate marketing also offers incredible scalability. A business which is local is always limited to the people who can travel to that business. An online business can be global. Using digital products in conjunction with a global reach, you can scale using tools and software to reach thousands of people through digital technology. By using automation much of the work involved with an online business can be pre-built. By building automation into the business model, you can focus your activities on reaching a larger audience through content creation and paid advertising.7 Why Am I Struggling With My Affiliate Business?A lot of people struggle with their affiliate businesses.This can be for a number of reasons. Firstly building up an affiliate business takes time. You need to dedicate a lot of time to an affiliate business in the first place. Only when you reach a ‘tipping point’ do you really start to see your progress. Many affiliates simply don’t realise how much work is involved. They underestimate how much time they need to dedicate to their online business to make it work.
Paid advertising can allow you to grow your affiliate business quickly. But it costs money and you need the right products too. You can’t advertise small value items with paid advertising. You won’t generate enough profit to cover your advertising costs. You need a range of products and an email list to advertise through.
Content marketing takes much longer to work, depending on your chosen area of business. If you find an untapped niche to market your blog in, you can make some fast progress. However, with a competitive niche you will struggle to get noticed above all the other content which you will have to compete with. There’s several reasons why you might struggle. The main one is lack of knowledge. Get the right education first and your affiliate business will move much faster.8 What’s The Best Affiliate Model To Use? There are many different affiliate models, all offering something different to suit the individual. Some affiliates target search traffic and aim to get their content found on Google. Some create their own products and sell them directly to customers. However, having a range of products which you can sell over and over to existing customers is a great model for long term success. Selling a single item online is limited. It means you can only make one commission from each sale. By choosing membership products to promote which also offer back end sales and a built in sales team, you can benefit from monthly commissions and up-sell commissions for the lifetime of any given customer. Selling membership products is definitely a game changer when it come to affiliate marketing because you make an income from each customer, rather than a single commission. But a good model to choose is one in which you have a passion for and can keep doing for the long term. Choosing products which you have no interest in is a short sighted plan. Think about what you would like to do online to generate an income. If you choose to go with your passion, your business will last much longer, and be more successful.9 Can I Just Sell My Own Products?Many affiliates create their own products to sell online. However, when you are starting out it is a good idea to learn the basics of marketing first. That way you can start earning more quickly from your affiliate business. I spent a long time creating my own products when I first discovered affiliate marketing. But I didn’t sell anything because of a couple of reasons. Firstly I didn’t research whether my products would have a big enough demand. Secondly I didn’t know how to market them. By joining a program which teaches you how to market products first, you can start making money more quickly. Don’t waste time creating products if you don’t know how to sell them. Marketing is a much more important skill for making money online. Once you know this skill, you can then apply it later when marketing your own products and services. Also your own products will be limited in range. By using an existing product range, you can benefit from products which are already selling. You can choose a program which offers high ticket commission, monthly memberships, back end sales and a built in sales team. Building your own products which offers all of these things not a possibility for most people when starting out.10 What’s The Point Of Affiliate Marketing?Some people struggle with the concept of affiliate marketing.They think it sounds too ‘salesy’. When I understood affiliate marketing I immediately found it appealing simply because I needed a flexible way to work around my contract work. I had to drop what I was doing at a moments notice if the phone went. This meant other jobs were awkward to juggle around. No-one wants to employ a ‘flaky’ employee. I wanted to work from my laptop and affiliate marketing gave me that opportunity. For many people this is the reason why they choose affiliate marketing. They can earn an income from their laptop, choose their working hours and not have a boss or place of employment. You don’t have to sell directly to anyone or even talk to a customer. There is no stock to hold. Added to this, the scalability of affiliate marketing which lets you scale up to a global audience and deliver products on autopilot, makes it the best flexible business of the future.

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5 Reasons Why Investing in Property in Hull Will Create Wealth

This article aims to educate the reader on the 5 fundamentals of professional property investing specifically focused on the city of Hull in the East Riding of YorkshireThe topics covered
Leverage
Return on Investment
Rental Demand
Stress Testing
Exit Strategy
Leverage When investing in property you can benefit by borrowing from the bank using the power of leverage. Typically, a buy to let mortgage requires you to put a 25% deposit down and the bank will provide the remaining 75% of the purchase price of the property. Where else can you get them to do that? Banks will lend you money to buy property. They are less likely to lend you money to grow your business and they definitely will not lend you money to buy stocks and shares. They understand that property is still a safe secure asset despite what the media says. To show you the power of leverage lets show you an illustration. You have 100,000 to spend on an investment property. The following scenarios show how you can spend that moneyScenario 1 – Buying 1 property worth 100K with all your cashBuying 1 house without a mortgage. Put down 100K and buy the property outright. The following year inflation raises the price of that property by 5%. The property is now worth 105K. You now have a property worth 105K and an equity of 5K in that property.Scenario 2 – Buying 4 properties each worth 100K with a mortgage on eachYou put a 25K deposit down on each property and a mortgage for the remaining 75K, spending all your 100K across 4 properties not just 1 property this time. The following year inflation raises the prices of that property by 5%, the same as scenario 1. Each property is now worth 105K. However, now you have 4 of them so benefit from the 5K equity in each one. So you now have 20K equity instead of the 5K in scenario 1. You have still spent the same amount of money but have benefited from leverage of money from the Bank.2-3 bedroom properties in Hull can be bought for between 40-100K. They offer a superb opportunity to leverage your cashReturn on Investment The return on investment is defined belowReturn on investment = Gain of Investment – Cost of Investment / Cost of InvestmentIn basic terms, how hard is your money working for you. You can choose to invest in a new business venture, shares on the stock market or property. Each wealth creation channel has its own return on investment together with its associated risk. As a professional investor you have to weigh up your appetite for risk and potential return on your investment. Lets revisit the 2 leverage scenarios and examine the return on investmentScenario 1 – Buying 1 property worth 100K with all your cashReturn on investment (ROI) is 5% e.g. 5K/100KScenario 2 – Buying 4 properties each worth 100K with a mortgageReturn on investment (ROI) is 20% e.g. 20K/100K Hull is a great place to start your professional property investing career because of the great return on investment. The reason is that property prices in Hull are among some of the cheapest in the UK. So, the cost of your investment is lower. This means not only can your money go further ie. you could buy more properties but each of those properties will go up in price and if you’ve leveraged your investments with mortgages your return on investment will be even greater.Hull gives a better return on investment than more expensive cities in the UK because property prices are lowerRental Demand Of course, an investment property only becomes an asset if you are able to rent it out. If you can’t, that asset very quickly becomes a liability. A quick reminder on the definition of an asset and liabilityAsset = Puts money in your pocketLiability = Takes money out of your pocketSo, to ensure your investment property remains an asset you need to be confident that it is in an area of high rental demand. Hull is a hidden gem of a city. It is the gateway to Europe via ABP ports and P&O Ferries and therefore has a thriving export/import industry. Siemens are going to locate a large wind turbine manufacturing plant there cementing it’s status as a centre of excellence for Renewable energy technology. It is well connected by the M62 and has a broad manufacturing base. The Deep, the UKs only submarium has established itself as a tourist destination too. The University of Hull continues to grow and has a healthy student population around 25,000. However, due to the relatively low salaries in the region, affordability to buy a house is low. This consequently has led to a high demand for rental property.The following post codes in Hull are great rental areas. HU5 is close to the University for students. HU7 and HU9 are great for families.Financing Deals If your aim is to own 10, 20 or 30 properties and supply the deposits for each one you would soon run out of your own cash so how do the Professionals do it? Well, the answer is Other Peoples Money (OPM). They buy their properties at the right price. Money in property is made when you buy the property NOT when you sell it. Buying at the right price i.e. below market value or BMV as it’s called enables you to refinance with the mortgage lender at the Open Market Value and pull out most of your deposit cash. This enables you to recycle your pot of cash to purchase another property. However, in this market, the Council of Mortgage Lenders have imposed a 6 month rule that prevents you remortgaging unless the property has been held for at least 6 months. If you can demonstrate added value then you have a better chance of achieving the valuation you desire. On average Property Prices double every 11 years. This means a 100K property is worth 200K in 11 years time. When you sell this property you pay off the original 100K mortgage and then have approximately 100K profit. This means if you bought 2 properties you can sell one and pay off the mortgage on the other and still have 1 cash flowing property with no mortgage on it. Using this principle it can be scaled up to any number of properties you wish to buy. Getting a mortgage can be difficult in this current economic climate but not impossible. The money hasn’t disappeared. It is just in different places. The trick is to find the people with the cash.Buy for cashSome properties in need of refurbishment in Hull can be bought for as little as 20K. This means you need to buy them with cash as mortgage providers generally do not lend below 40K. It also means you can move quickly and not have to involve Mortgage Lenders and Valuers in the purchase. Once you have refurbished the property you can then get a surveyor to value the property with a view to placing a mortgage on it and get most if not all of your cash returned.Deposit FinanceYou can help people with cash earn more than they are getting in the bank by offering them a higher interest rate for borrowing their money to fund a deposit. You can then return their money after refinancing.Mortgage HostIf you can’t get a mortgage then find someone else who can and offer to share the cash flow from a property. Get a lawyer to draw up an agreement between you and the host. Because property prices are relatively low in Hull, there is more chance of finding investors who are willing to lend you 10-15K for a deposit. Risks are reduced as the amounts on loan are less. Once you’ve done 1 deal with an investor and made them more money they will be happy to do another deal with you.Hull property prices are low which leads to lower risk for Cash Investors when funding a deal.Stress Testing With any of your investments we advise stress testing your investments at higher interest rates. Whilst we enjoy historically low interest rates it’s tempting to buy lots of property deals. However, interest rates have only 1 way to go and that is up. Test that your investment still produces cash flows at higher interest rates so it remains an asset and not a liability.Test your investments at higher interest rates. Hull investment properties still positively cash flow at 8-9% interest rates at current rental values.Exit Strategy With any investment it is vital you know your exit strategies. With an aeroplane knowing where the exits are is vital in case of an emergency. Similarly, with investing you need to know where your exits are for getting out of the investment deal in an emergency.Selling your investmentIf for any reason you need to come out of an investment you can sell a property. The properties that will be easiest to sell will be the most popular type in that area. If you own an expensive, executive detached house in a desirable area the number of buyers is reduced and constrained to residential buyers. However, if you have a cheaper, investment property you can sell to both investors or residential buyers. This is important when considering your investment.Know at least 2 exits when entering an investment deal. There are lots of investors in Hull and because of low prices they are affordable to residential buyers too.

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There is an excessive amount of traffic coming from your Region.

#EANF#

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There is an excessive amount of traffic coming from your Region.

#EANF#

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5 Reasons Why Investing in Property in Hull Will Create Wealth

This article aims to educate the reader on the 5 fundamentals of professional property investing specifically focused on the city of Hull in the East Riding of YorkshireThe topics covered
Leverage
Return on Investment
Rental Demand
Stress Testing
Exit Strategy
Leverage When investing in property you can benefit by borrowing from the bank using the power of leverage. Typically, a buy to let mortgage requires you to put a 25% deposit down and the bank will provide the remaining 75% of the purchase price of the property. Where else can you get them to do that? Banks will lend you money to buy property. They are less likely to lend you money to grow your business and they definitely will not lend you money to buy stocks and shares. They understand that property is still a safe secure asset despite what the media says. To show you the power of leverage lets show you an illustration. You have 100,000 to spend on an investment property. The following scenarios show how you can spend that moneyScenario 1 – Buying 1 property worth 100K with all your cashBuying 1 house without a mortgage. Put down 100K and buy the property outright. The following year inflation raises the price of that property by 5%. The property is now worth 105K. You now have a property worth 105K and an equity of 5K in that property.Scenario 2 – Buying 4 properties each worth 100K with a mortgage on eachYou put a 25K deposit down on each property and a mortgage for the remaining 75K, spending all your 100K across 4 properties not just 1 property this time. The following year inflation raises the prices of that property by 5%, the same as scenario 1. Each property is now worth 105K. However, now you have 4 of them so benefit from the 5K equity in each one. So you now have 20K equity instead of the 5K in scenario 1. You have still spent the same amount of money but have benefited from leverage of money from the Bank.2-3 bedroom properties in Hull can be bought for between 40-100K. They offer a superb opportunity to leverage your cashReturn on Investment The return on investment is defined belowReturn on investment = Gain of Investment – Cost of Investment / Cost of InvestmentIn basic terms, how hard is your money working for you. You can choose to invest in a new business venture, shares on the stock market or property. Each wealth creation channel has its own return on investment together with its associated risk. As a professional investor you have to weigh up your appetite for risk and potential return on your investment. Lets revisit the 2 leverage scenarios and examine the return on investmentScenario 1 – Buying 1 property worth 100K with all your cashReturn on investment (ROI) is 5% e.g. 5K/100KScenario 2 – Buying 4 properties each worth 100K with a mortgageReturn on investment (ROI) is 20% e.g. 20K/100K Hull is a great place to start your professional property investing career because of the great return on investment. The reason is that property prices in Hull are among some of the cheapest in the UK. So, the cost of your investment is lower. This means not only can your money go further ie. you could buy more properties but each of those properties will go up in price and if you’ve leveraged your investments with mortgages your return on investment will be even greater.Hull gives a better return on investment than more expensive cities in the UK because property prices are lowerRental Demand Of course, an investment property only becomes an asset if you are able to rent it out. If you can’t, that asset very quickly becomes a liability. A quick reminder on the definition of an asset and liabilityAsset = Puts money in your pocketLiability = Takes money out of your pocketSo, to ensure your investment property remains an asset you need to be confident that it is in an area of high rental demand. Hull is a hidden gem of a city. It is the gateway to Europe via ABP ports and P&O Ferries and therefore has a thriving export/import industry. Siemens are going to locate a large wind turbine manufacturing plant there cementing it’s status as a centre of excellence for Renewable energy technology. It is well connected by the M62 and has a broad manufacturing base. The Deep, the UKs only submarium has established itself as a tourist destination too. The University of Hull continues to grow and has a healthy student population around 25,000. However, due to the relatively low salaries in the region, affordability to buy a house is low. This consequently has led to a high demand for rental property.The following post codes in Hull are great rental areas. HU5 is close to the University for students. HU7 and HU9 are great for families.Financing Deals If your aim is to own 10, 20 or 30 properties and supply the deposits for each one you would soon run out of your own cash so how do the Professionals do it? Well, the answer is Other Peoples Money (OPM). They buy their properties at the right price. Money in property is made when you buy the property NOT when you sell it. Buying at the right price i.e. below market value or BMV as it’s called enables you to refinance with the mortgage lender at the Open Market Value and pull out most of your deposit cash. This enables you to recycle your pot of cash to purchase another property. However, in this market, the Council of Mortgage Lenders have imposed a 6 month rule that prevents you remortgaging unless the property has been held for at least 6 months. If you can demonstrate added value then you have a better chance of achieving the valuation you desire. On average Property Prices double every 11 years. This means a 100K property is worth 200K in 11 years time. When you sell this property you pay off the original 100K mortgage and then have approximately 100K profit. This means if you bought 2 properties you can sell one and pay off the mortgage on the other and still have 1 cash flowing property with no mortgage on it. Using this principle it can be scaled up to any number of properties you wish to buy. Getting a mortgage can be difficult in this current economic climate but not impossible. The money hasn’t disappeared. It is just in different places. The trick is to find the people with the cash.Buy for cashSome properties in need of refurbishment in Hull can be bought for as little as 20K. This means you need to buy them with cash as mortgage providers generally do not lend below 40K. It also means you can move quickly and not have to involve Mortgage Lenders and Valuers in the purchase. Once you have refurbished the property you can then get a surveyor to value the property with a view to placing a mortgage on it and get most if not all of your cash returned.Deposit FinanceYou can help people with cash earn more than they are getting in the bank by offering them a higher interest rate for borrowing their money to fund a deposit. You can then return their money after refinancing.Mortgage HostIf you can’t get a mortgage then find someone else who can and offer to share the cash flow from a property. Get a lawyer to draw up an agreement between you and the host. Because property prices are relatively low in Hull, there is more chance of finding investors who are willing to lend you 10-15K for a deposit. Risks are reduced as the amounts on loan are less. Once you’ve done 1 deal with an investor and made them more money they will be happy to do another deal with you.Hull property prices are low which leads to lower risk for Cash Investors when funding a deal.Stress Testing With any of your investments we advise stress testing your investments at higher interest rates. Whilst we enjoy historically low interest rates it’s tempting to buy lots of property deals. However, interest rates have only 1 way to go and that is up. Test that your investment still produces cash flows at higher interest rates so it remains an asset and not a liability.Test your investments at higher interest rates. Hull investment properties still positively cash flow at 8-9% interest rates at current rental values.Exit Strategy With any investment it is vital you know your exit strategies. With an aeroplane knowing where the exits are is vital in case of an emergency. Similarly, with investing you need to know where your exits are for getting out of the investment deal in an emergency.Selling your investmentIf for any reason you need to come out of an investment you can sell a property. The properties that will be easiest to sell will be the most popular type in that area. If you own an expensive, executive detached house in a desirable area the number of buyers is reduced and constrained to residential buyers. However, if you have a cheaper, investment property you can sell to both investors or residential buyers. This is important when considering your investment.Know at least 2 exits when entering an investment deal. There are lots of investors in Hull and because of low prices they are affordable to residential buyers too.

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5 Reasons Why Investing in Property in Hull Will Create Wealth

This article aims to educate the reader on the 5 fundamentals of professional property investing specifically focused on the city of Hull in the East Riding of YorkshireThe topics covered
Leverage
Return on Investment
Rental Demand
Stress Testing
Exit Strategy
Leverage When investing in property you can benefit by borrowing from the bank using the power of leverage. Typically, a buy to let mortgage requires you to put a 25% deposit down and the bank will provide the remaining 75% of the purchase price of the property. Where else can you get them to do that? Banks will lend you money to buy property. They are less likely to lend you money to grow your business and they definitely will not lend you money to buy stocks and shares. They understand that property is still a safe secure asset despite what the media says. To show you the power of leverage lets show you an illustration. You have 100,000 to spend on an investment property. The following scenarios show how you can spend that moneyScenario 1 – Buying 1 property worth 100K with all your cashBuying 1 house without a mortgage. Put down 100K and buy the property outright. The following year inflation raises the price of that property by 5%. The property is now worth 105K. You now have a property worth 105K and an equity of 5K in that property.Scenario 2 – Buying 4 properties each worth 100K with a mortgage on eachYou put a 25K deposit down on each property and a mortgage for the remaining 75K, spending all your 100K across 4 properties not just 1 property this time. The following year inflation raises the prices of that property by 5%, the same as scenario 1. Each property is now worth 105K. However, now you have 4 of them so benefit from the 5K equity in each one. So you now have 20K equity instead of the 5K in scenario 1. You have still spent the same amount of money but have benefited from leverage of money from the Bank.2-3 bedroom properties in Hull can be bought for between 40-100K. They offer a superb opportunity to leverage your cashReturn on Investment The return on investment is defined belowReturn on investment = Gain of Investment – Cost of Investment / Cost of InvestmentIn basic terms, how hard is your money working for you. You can choose to invest in a new business venture, shares on the stock market or property. Each wealth creation channel has its own return on investment together with its associated risk. As a professional investor you have to weigh up your appetite for risk and potential return on your investment. Lets revisit the 2 leverage scenarios and examine the return on investmentScenario 1 – Buying 1 property worth 100K with all your cashReturn on investment (ROI) is 5% e.g. 5K/100KScenario 2 – Buying 4 properties each worth 100K with a mortgageReturn on investment (ROI) is 20% e.g. 20K/100K Hull is a great place to start your professional property investing career because of the great return on investment. The reason is that property prices in Hull are among some of the cheapest in the UK. So, the cost of your investment is lower. This means not only can your money go further ie. you could buy more properties but each of those properties will go up in price and if you’ve leveraged your investments with mortgages your return on investment will be even greater.Hull gives a better return on investment than more expensive cities in the UK because property prices are lowerRental Demand Of course, an investment property only becomes an asset if you are able to rent it out. If you can’t, that asset very quickly becomes a liability. A quick reminder on the definition of an asset and liabilityAsset = Puts money in your pocketLiability = Takes money out of your pocketSo, to ensure your investment property remains an asset you need to be confident that it is in an area of high rental demand. Hull is a hidden gem of a city. It is the gateway to Europe via ABP ports and P&O Ferries and therefore has a thriving export/import industry. Siemens are going to locate a large wind turbine manufacturing plant there cementing it’s status as a centre of excellence for Renewable energy technology. It is well connected by the M62 and has a broad manufacturing base. The Deep, the UKs only submarium has established itself as a tourist destination too. The University of Hull continues to grow and has a healthy student population around 25,000. However, due to the relatively low salaries in the region, affordability to buy a house is low. This consequently has led to a high demand for rental property.The following post codes in Hull are great rental areas. HU5 is close to the University for students. HU7 and HU9 are great for families.Financing Deals If your aim is to own 10, 20 or 30 properties and supply the deposits for each one you would soon run out of your own cash so how do the Professionals do it? Well, the answer is Other Peoples Money (OPM). They buy their properties at the right price. Money in property is made when you buy the property NOT when you sell it. Buying at the right price i.e. below market value or BMV as it’s called enables you to refinance with the mortgage lender at the Open Market Value and pull out most of your deposit cash. This enables you to recycle your pot of cash to purchase another property. However, in this market, the Council of Mortgage Lenders have imposed a 6 month rule that prevents you remortgaging unless the property has been held for at least 6 months. If you can demonstrate added value then you have a better chance of achieving the valuation you desire. On average Property Prices double every 11 years. This means a 100K property is worth 200K in 11 years time. When you sell this property you pay off the original 100K mortgage and then have approximately 100K profit. This means if you bought 2 properties you can sell one and pay off the mortgage on the other and still have 1 cash flowing property with no mortgage on it. Using this principle it can be scaled up to any number of properties you wish to buy. Getting a mortgage can be difficult in this current economic climate but not impossible. The money hasn’t disappeared. It is just in different places. The trick is to find the people with the cash.Buy for cashSome properties in need of refurbishment in Hull can be bought for as little as 20K. This means you need to buy them with cash as mortgage providers generally do not lend below 40K. It also means you can move quickly and not have to involve Mortgage Lenders and Valuers in the purchase. Once you have refurbished the property you can then get a surveyor to value the property with a view to placing a mortgage on it and get most if not all of your cash returned.Deposit FinanceYou can help people with cash earn more than they are getting in the bank by offering them a higher interest rate for borrowing their money to fund a deposit. You can then return their money after refinancing.Mortgage HostIf you can’t get a mortgage then find someone else who can and offer to share the cash flow from a property. Get a lawyer to draw up an agreement between you and the host. Because property prices are relatively low in Hull, there is more chance of finding investors who are willing to lend you 10-15K for a deposit. Risks are reduced as the amounts on loan are less. Once you’ve done 1 deal with an investor and made them more money they will be happy to do another deal with you.Hull property prices are low which leads to lower risk for Cash Investors when funding a deal.Stress Testing With any of your investments we advise stress testing your investments at higher interest rates. Whilst we enjoy historically low interest rates it’s tempting to buy lots of property deals. However, interest rates have only 1 way to go and that is up. Test that your investment still produces cash flows at higher interest rates so it remains an asset and not a liability.Test your investments at higher interest rates. Hull investment properties still positively cash flow at 8-9% interest rates at current rental values.Exit Strategy With any investment it is vital you know your exit strategies. With an aeroplane knowing where the exits are is vital in case of an emergency. Similarly, with investing you need to know where your exits are for getting out of the investment deal in an emergency.Selling your investmentIf for any reason you need to come out of an investment you can sell a property. The properties that will be easiest to sell will be the most popular type in that area. If you own an expensive, executive detached house in a desirable area the number of buyers is reduced and constrained to residential buyers. However, if you have a cheaper, investment property you can sell to both investors or residential buyers. This is important when considering your investment.Know at least 2 exits when entering an investment deal. There are lots of investors in Hull and because of low prices they are affordable to residential buyers too.

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5 Reasons Why Investing in Property in Hull Will Create Wealth

This article aims to educate the reader on the 5 fundamentals of professional property investing specifically focused on the city of Hull in the East Riding of YorkshireThe topics covered
Leverage
Return on Investment
Rental Demand
Stress Testing
Exit Strategy
Leverage When investing in property you can benefit by borrowing from the bank using the power of leverage. Typically, a buy to let mortgage requires you to put a 25% deposit down and the bank will provide the remaining 75% of the purchase price of the property. Where else can you get them to do that? Banks will lend you money to buy property. They are less likely to lend you money to grow your business and they definitely will not lend you money to buy stocks and shares. They understand that property is still a safe secure asset despite what the media says. To show you the power of leverage lets show you an illustration. You have 100,000 to spend on an investment property. The following scenarios show how you can spend that moneyScenario 1 – Buying 1 property worth 100K with all your cashBuying 1 house without a mortgage. Put down 100K and buy the property outright. The following year inflation raises the price of that property by 5%. The property is now worth 105K. You now have a property worth 105K and an equity of 5K in that property.Scenario 2 – Buying 4 properties each worth 100K with a mortgage on eachYou put a 25K deposit down on each property and a mortgage for the remaining 75K, spending all your 100K across 4 properties not just 1 property this time. The following year inflation raises the prices of that property by 5%, the same as scenario 1. Each property is now worth 105K. However, now you have 4 of them so benefit from the 5K equity in each one. So you now have 20K equity instead of the 5K in scenario 1. You have still spent the same amount of money but have benefited from leverage of money from the Bank.2-3 bedroom properties in Hull can be bought for between 40-100K. They offer a superb opportunity to leverage your cashReturn on Investment The return on investment is defined belowReturn on investment = Gain of Investment – Cost of Investment / Cost of InvestmentIn basic terms, how hard is your money working for you. You can choose to invest in a new business venture, shares on the stock market or property. Each wealth creation channel has its own return on investment together with its associated risk. As a professional investor you have to weigh up your appetite for risk and potential return on your investment. Lets revisit the 2 leverage scenarios and examine the return on investmentScenario 1 – Buying 1 property worth 100K with all your cashReturn on investment (ROI) is 5% e.g. 5K/100KScenario 2 – Buying 4 properties each worth 100K with a mortgageReturn on investment (ROI) is 20% e.g. 20K/100K Hull is a great place to start your professional property investing career because of the great return on investment. The reason is that property prices in Hull are among some of the cheapest in the UK. So, the cost of your investment is lower. This means not only can your money go further ie. you could buy more properties but each of those properties will go up in price and if you’ve leveraged your investments with mortgages your return on investment will be even greater.Hull gives a better return on investment than more expensive cities in the UK because property prices are lowerRental Demand Of course, an investment property only becomes an asset if you are able to rent it out. If you can’t, that asset very quickly becomes a liability. A quick reminder on the definition of an asset and liabilityAsset = Puts money in your pocketLiability = Takes money out of your pocketSo, to ensure your investment property remains an asset you need to be confident that it is in an area of high rental demand. Hull is a hidden gem of a city. It is the gateway to Europe via ABP ports and P&O Ferries and therefore has a thriving export/import industry. Siemens are going to locate a large wind turbine manufacturing plant there cementing it’s status as a centre of excellence for Renewable energy technology. It is well connected by the M62 and has a broad manufacturing base. The Deep, the UKs only submarium has established itself as a tourist destination too. The University of Hull continues to grow and has a healthy student population around 25,000. However, due to the relatively low salaries in the region, affordability to buy a house is low. This consequently has led to a high demand for rental property.The following post codes in Hull are great rental areas. HU5 is close to the University for students. HU7 and HU9 are great for families.Financing Deals If your aim is to own 10, 20 or 30 properties and supply the deposits for each one you would soon run out of your own cash so how do the Professionals do it? Well, the answer is Other Peoples Money (OPM). They buy their properties at the right price. Money in property is made when you buy the property NOT when you sell it. Buying at the right price i.e. below market value or BMV as it’s called enables you to refinance with the mortgage lender at the Open Market Value and pull out most of your deposit cash. This enables you to recycle your pot of cash to purchase another property. However, in this market, the Council of Mortgage Lenders have imposed a 6 month rule that prevents you remortgaging unless the property has been held for at least 6 months. If you can demonstrate added value then you have a better chance of achieving the valuation you desire. On average Property Prices double every 11 years. This means a 100K property is worth 200K in 11 years time. When you sell this property you pay off the original 100K mortgage and then have approximately 100K profit. This means if you bought 2 properties you can sell one and pay off the mortgage on the other and still have 1 cash flowing property with no mortgage on it. Using this principle it can be scaled up to any number of properties you wish to buy. Getting a mortgage can be difficult in this current economic climate but not impossible. The money hasn’t disappeared. It is just in different places. The trick is to find the people with the cash.Buy for cashSome properties in need of refurbishment in Hull can be bought for as little as 20K. This means you need to buy them with cash as mortgage providers generally do not lend below 40K. It also means you can move quickly and not have to involve Mortgage Lenders and Valuers in the purchase. Once you have refurbished the property you can then get a surveyor to value the property with a view to placing a mortgage on it and get most if not all of your cash returned.Deposit FinanceYou can help people with cash earn more than they are getting in the bank by offering them a higher interest rate for borrowing their money to fund a deposit. You can then return their money after refinancing.Mortgage HostIf you can’t get a mortgage then find someone else who can and offer to share the cash flow from a property. Get a lawyer to draw up an agreement between you and the host. Because property prices are relatively low in Hull, there is more chance of finding investors who are willing to lend you 10-15K for a deposit. Risks are reduced as the amounts on loan are less. Once you’ve done 1 deal with an investor and made them more money they will be happy to do another deal with you.Hull property prices are low which leads to lower risk for Cash Investors when funding a deal.Stress Testing With any of your investments we advise stress testing your investments at higher interest rates. Whilst we enjoy historically low interest rates it’s tempting to buy lots of property deals. However, interest rates have only 1 way to go and that is up. Test that your investment still produces cash flows at higher interest rates so it remains an asset and not a liability.Test your investments at higher interest rates. Hull investment properties still positively cash flow at 8-9% interest rates at current rental values.Exit Strategy With any investment it is vital you know your exit strategies. With an aeroplane knowing where the exits are is vital in case of an emergency. Similarly, with investing you need to know where your exits are for getting out of the investment deal in an emergency.Selling your investmentIf for any reason you need to come out of an investment you can sell a property. The properties that will be easiest to sell will be the most popular type in that area. If you own an expensive, executive detached house in a desirable area the number of buyers is reduced and constrained to residential buyers. However, if you have a cheaper, investment property you can sell to both investors or residential buyers. This is important when considering your investment.Know at least 2 exits when entering an investment deal. There are lots of investors in Hull and because of low prices they are affordable to residential buyers too.

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