Buy to let opportunity for anybody with a small amount of money

Jan 28, 2004 8 Replies

For years I like you have wanted to get into the buy to let market but like you have been stopped by two things.



Firstly. The finding of capital to purchase a second property to rent it out. Secondly The problems involved in renting out property and basically all the risk involved.



Now here's a chance for everybody, and I mean everybody, to get involved in the buy to let market regardless of how much or even how little you have to invest.



Whether you wish to invest a few hundred pounds or even thousands this is the chance you've been waiting for.



I'm not going to ask you to send me your address or even you money up front all I'm asking for you to do is read on and if you decide it's a good idea then email me with how much you wish to invest and I'll reply back to you and advise what we can do.



Right, the idea. Hopefully everybody reading this, or at least enough people to make this thing get started, will realise that this is the easiest and least stressful way to become involved in the property rental market. In the Northwest of England, property is not only cheaper than most other places in the UK but is also in massive demand from the rental sector. If we can get enough investors together to invest enough money for us to purchase a property then we're off and running.



How I propose this to kick off. I have £5000 ready to invest in a property. This would normally account for a 10% deposit on a 3 bedroom 2 reception room property in need of some modernisation in the Manchester area. This would generate approx £650 a month if it was rented out.



Rather than get a mortgage for the other 90% of the cost I would rather get other like minded buy-to-let wannabees involved.



Once the property is purchased then all profits made from rent will be paid into the savings account. Once a year, 12 months after the first rental payment is received, all profits will be calculated and a cheque will be sent to every party who has invested in the scheme.



If you invested 1% in the scheme then you will receive 1% of the profit. If you invested 99% then you will receive 99% of the profit.



All work carried out on the property, all income and outgoings will be documented online for everybody to view.



Everything on this project will be transparent.



Every 12 months the property will be valued by a minimum of 3 local estate agents and the valuations posted to all investors, anybody wishing to sell their share will be allowed to, to either current investors in the first instance and then to the proposed sellers friends or family.



My £5000 is sitting in an average return savings account. Anybody who wishes to join me in this scheme then they are welcome to do so. Property in the Northwest of England is available but it is not going to be there forever.



Strike while the iron is hot and contact me and I'll advise you how you can get involved now.



If you are interested then send me an Email to snipped-for-privacy@ukonline.co.uk and we can communicate further. To prove I'm not some scam artist fly by night I'll even allow people to meet me face to face so this can be discussed.


"Jason D" wrote

What about any *losses* ?

"Jason D" wrote

How would that prove it? - Don't any "scam artist fly by night" people ever meet their victims "face to face" ??

Assumption attempting to generate a sense of shared interest

Another assumption attempting to generate a sense of shared interest

Attempting to make the investment sound all inclusive.

Another assumption to generate the feeling that this is the once in a lifetime opportunity.

Attempt to engender trust.

I'm sure there's someone out there with considerable experience of this market who can advise on the figures

Attempt to create a sense of urgency.

The best way to sell is face to face, as it allows psychological techniques to be used to their full effect. It proves nothing.

People interested in BTL should be aware that there are other similar schemes available -

It might be instructive to read investors first hand experience of a similar scheme that failed -

Before entering such a scheme they should take legal advice to protect their own interests.

There are many property and BTL forums available where potential investors will be able to discuss the proposal -

- TMF Property Investing - Practical - Landlord Zone forum - Residential Landlords Association forum

Daytona (Landlord & tenant)

Not saying that this is not a good idea but don't you need to be registered with the SFA before marketing this sort of thing? And are you registered?

650 will get you a 2 bed flat in Didsbury (and easy to let place).

the same property to buy seems to be about 120K.

So probably not.

tim

In message , tim writes

I'm not sure you can still get a 2 bed flat in Didsbury for £120K. I am selling in Whalley Range for around £100K for a basic small new flat. I would have thought Didsbury would be at least half as much again.

The 100K flats in Whalley Range, and Old Trafford will probably let for around £500p.m..

I think a typical return, before expenses, is around 6%.

Dont forget, (The OP), to allow for empty periods, service charges, insurance, maintenance, kitting out etc.

In article , Richard Faulkner writes

And provision for those who want to get their money out? I presume it would have to be a matched bargain - and would be vetted by other partners in the scheme.

One reason why housing investment trusts failed to happen and authorised property investment trusts are so weedy is the liquidity provision. It puts them at a disadvantage to other investments.

Perhaps the OP does not realise there are already countless pooled investment schemes for rented homes but they have been drawn up by lawyers and accountants to make all these provisions.

This was the reference property I found

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01&r71055 Now I read the address it's actually in Withington. (not that I ever expected it was in Didsbury village)

tim

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