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first property development

Started by mark, September 28, 2008, 12:26:45 PM

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mark

I know that with the current housing sitution its probably not the best time to get in to property. In spite of this I'm still considering buying somewhere that needs some work doing to hopefully sell on at a profit. I've had a look around the net for financing options and somewhere read about getting a loan for a property that doesn't need paying until that property is finished and sold. I need advice on the best way to buy a property to develop as i m hoping to do this as my sole income.

propertyfag

I would def go down the auction route and buy a property 30% below market value! There are loads of bargains out there because reposession is on a high.

I'm thinking of buying in the coming months as well, so I plan on going to a few auctions just to experience what goes on. After I've been to a few auctions, I'm going to start bidding!

Make sure you get all your finances/budget sorted first :)

dionrogers

Now a days its really happening business to develop rental property, its a fast many and secure also. The benefit of it is that you are getting monthly income
and also your property prices increase every year. So its a smart way to make money.

grehamjones01

I know that with the current housing sitution its probably not the best time to get in to property. In spite of this I'm still considering buying somewhere that needs some work doing to hopefully sell on at a profit. I've had a look around the net for financing options and somewhere read about getting a loan for a property that doesn't need paying until that property is finished and sold. I need advice on the best way to buy a property to develop as i m hoping to do this as my sole income.

peterjack15

I've had a look around the net for financing options and somewhere read about getting a loan for a property that doesn't need paying until that property is finished and sold. I need advice on the best way to buy a property to develop as i m hoping to do this as my sole income.

peterjack15

I've had a look around the net for financing options and somewhere read about getting a loan for a property that doesn't need paying until that property is finished and sold. I need advice on the best way to buy a property to develop as i m hoping to do this as my sole income.

dahliseaton

Developers are the coordinators of activities, converting ideas on paper into real property.Typically, developers of buying a piece of land, determine the marketing of the property.