No Deposit Deals
As
explained elsewhere on this site there are many opportunities to buy
"off-Plan" discount properties.
Buy & Sell Deals
These suit many people purely because
there is no need to put down a lot of money when you enter into the contract
to buy, and you can sit on the contract for a year or more and then sell it
on at a profit. However during that time your capital is tied up in the
deposit and there is no income - you are relying solely on future capital
gain.
This is fine, but lets say you only have £20,000 available capital. With
that you could pay finders fees and contract to buy one or two low price
flats putting down 5% or 10% deposit. Your likely profit by selling on the
property after a year, and after all costs, would be about £35,000. Nice
enough, but what if you could buy 4 or 5 such properties? Wouldn't that be
better?
James
Green & Co are
able to arrange no deposit deals on selected properties. This means that
investors do not need to put down any cash as a deposit. The fees are a bit
higher, but in the example shown above your profit would be around £75,000
for the same £20,000 investment.
If
you are interested please
contact us here to discuss.
No Deposit - Ready to Rent
Traditionally buying property for immediate rental requires a much greater
up-front capital requirement even though this can be set off against an
immediate rental income. It is a balancing act but quite clearly the ideal
situation would be one where you could buy a property ready to rent at a
discount price but with little or no deposit required!
Impossible?
- Not for James Green & Co!
We
are able to access properties, both established and new, at discount prices
on a No Deposit basis - though you will have to pay around
£4,000 or £5,000 in fees and legal costs. How do we do this? Without giving
away trade secrets, we have access to funding sources who will lend on the
open market value of properties (which are either repossessions or "fire
sale" clearances of the last few properties in a new build development)
rather than on the discounted purchase price.
The availability of these deals is limited; they are not available on
every property - so contact us urgently to discuss.
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