Do you want to invest in property confidently and build a portfolio but don't want to do any of the hard work yourself?

Two summers ago, I was in a position many property investors find themselves in. I had invested in a few properties, could see new opportunities but had no ready cash available to invest. My solution was to find a partner who had the cash but not the time (or inclination), a common person, especially among new investors!

I successfully found someone who wanted to invest and we agreed to buy a flat which we would own 50/50. He would put up the deposit and we would share all costs and income equally, with him taking back his deposit as soon as revaluation allowed.

So I get a half share in a flat without tying up my own money and he gets a half share in a flat without having to invest time he doesn't have.

That flat was purchased in August 2003 for £82k. The sale was completed in early January, the flat was refurbished and valued at the end of February at £110k! I remortgaged to pull out the full deposit, the cost of the refurb and all the purchase costs. So two months after completion this was a no money down flat.

It is let at £550 per month and is making £162 profit pm including the top up loan.

Was my partner pleased? Unfortunately, he pulled out due to personal matters before exchange………..

He could have invested £12k for 3 months and had 50% of a property producing income and capital gains, and his money back in his hand.

"I'm so glad I went into this joint venture. I provided the deposit, Julia did all the work, and six months later the re-mortgage repaid all the costs. A brilliant result and I didn't have to lift a finger. This is a great way to invest in property; no viewings, no builders, no hassle. All I had to do was send an occasional email and transfer some cash to the joint account, then six months later we re-mortgaged and I got all my money back. Thank you Julia!"
Pam Paradise, Stroud. (Pam is happy for you to email or telephone her if you would like)

Prices are rising all the time, and I can't guarantee the same fast results for you but you know how as a property investor, you read about stories like this one, and about all the property "hotspots" but find they are too far away from where you live, and you don't have the time to spend visiting the area and searching for property?

Which means you are frustrated by hearing all the success stories, but you don't quite know how to get a share yourself. You feel you are missing out, and won't be able to benefit from the current high price increases.

Well I live 3 miles from one of the south coast property hotspots - Hastings, and what I do is find property for people like you who have the money but not the time.

Which means you can invest in an up and coming area, with high price increases, with the confidence of knowing that you will have a property to meet your requirements, in a booming regeneration area, which is receiving £millions in government funds for regeneration as well as benefiting from the ripple effect of increasing prices coming along the coast from Brighton. In fact Hastings is widely tipped to become the next "Brighton".

And all without having to step outside your front door!

If you are interested in having a property found for you, or would like to enter into a joint venture contact me now on sourcing@coodenproperty.co.uk

"I am just completing on my second joint purchase with Julia. I had not expected to realise enough capital growth from the first property to be able to re-mortgage so quickly, but thanks to Julia's deep knowledge of the Bexhill market and her ability to negotiate a good deal, I had my deposit capital returned in 6 months. It was an easy decision to reinvest the proceeds in another deal, and I expect to keep repeating the process over the coming years. I am too busy running my own business to put the time into property sourcing, but with this arrangement the only work I have done in the whole process is to sign the paperwork. I can wholeheartedly recommend Julia as your property partner"
Graham Rowan Richmond Diet & Nutrition Clinics www.richmondnutrition.com

 Are you one of the many people interested in getting into the buy-to-let market but finding it a bit overwhelming? Is it difficult to take action because you don't know where to start? Or do you just dread the idea of all the hassle?

If this is you, then I can help.

Property Sourcing

You define what you are looking for and I will find a property to match your criteria, then I hand over to you.

If you like I can deal with the solicitors and estate agents for you, and arrange a refurbishment too.

Property Joint Venture

You tell me how much you want to invest and how much you want to be involved.

I do ALL the work, finding a suitable property, negotiating the price, dealing with solicitors and estate agents, arranging the mortgage. Then I will arrange for the property to be refurbished so that it is seen as a decent rental property, I will deal with the decorators, builders, plumbers and so on. And, I will find tenants

"Julia's property service does exactly what it says on the tin, and more. She found me a selection of properties that met my needs, gave me information that helped me decide which one was the best for me, and advised me on negotiating the price. Subsequently she has helped me with additional services such as finding tenants, arranging cleaning, checking on the state of the property, and advising on repairs, all of which are difficult to do from a distance. She has been efficient and a pleasure to deal with throughout and I can thoroughly recommend her services. "
J Tate, London

How much does it cost?

Property sourcing

To find the property - 1.5% of the purchase price payable on exchange.

To manage the refurbishment - 10% of the works cost.

Negotiating the price down on your behalf - 15% of the negotiated discount.

Note: a £300 non refundable deposit is payable. This is deducted from the sourcing fee when a suitable property is found.

Joint venture

Nothing - overall.

As an example :- You will have an initial capital outlay of 15% - 20% of the property cost, which is the deposit and any refurbishment needed to let.

Then you will pay 50% of the purchase costs and 50% of any tenant finding fees.

As soon as the property increases in value we will remortgage and the funds raised are used to first refund your initial capital, and then repay the shared costs of purchase and further refurbishment.

You then own 50% of a property, with the benefit of 50% of all future capital gains and income. Obviously you will also be liable for 50% of any future costs.

You can use your initial funds to buy another property, or you can put it back in the bank and sit back to enjoy your investment.

Interested? email me now or call me on 07940 876799.

Julia

PS Want to see some example costs and returns?

Go to case studies