The Perils of Investing In Repossessed Property
Our MD, Frazer Fearnhead has just had an article published in the Daily Mail/ This is Money on the Pitfalls Of Investing in Repossessed Property.
It’s never plain sailing when you are trying to buy investment properties at rock bottom prices, as some property investors have already have found out to their considerable cost.
But if you are a prospective purchaser of BMV (Below Market Value) properties such as repossessions, then you will undoubtedly be interested in the sort of nonsense that goes on behind the scenes.
It is, nevertheless, something The House Crowd will continue to take in its stride so we can deliver high yielding investment properties for all our property investors.
Have a read through the article:
As a quick summary, Frazer goes into some detail about both the pitfalls and opportunities on offer through investing in repossessed property.
Given the state of the economy, he states, there is an abundance of BMV deals available for investors. Whether through estate agents, auctions, or (if you have the resources to buy in large numbers directly) from asset management companies, there is opportunity to be found.
Nonetheless, it always helps to be a cash buyer when it comes to auctions. A lot of properties may be unmortgageable, and in any case, you will have to prove your funds before agents will even consider accepting your offer.
Investing in repossessed properties offers the opportunity to either refurbish and resell, or to rent out as a Buy To Let investment. However, there are a lot of factors that are necessary for you to take into account before you involve yourself in such an investment.
Check out the full article to find out more. Alternatively, you can always get in touch with us directly. We’re always happy to answer any questions or queries you might have, and to set you in the right direction for your property investment journey.
You can also find out more about investing through property crowdfunding by registering with us by clicking the purple button below, or take a look at our current investment opportunities by clicking on the blue button!