Instructions for expressing interest in our ready made deals

Here's A Great NEW Source Of Little Or No Money Down Bargain Property Deals - Below Market Value Prices Guaranteed!

This document walks you through the process of taking 'ready made' below market value property deals from the Property Tycoons Forum (www.tycoons-forum.com).

These are fully qualified deals where a below market value price has already been negotiated for you. You just need to arrange a valuation from the bank and then go ahead with the purchase. In other words, everything has already been done for you except the mortgage which we will handle for you when you take our deals - this is why we call them ‘ready made’ deals.

"Where do these deals come from?"

These deals are being passed to me by a small group of experienced property dealers who buy hundreds of knock down bargain properties every year – more than any other group of people I know. Their deals originate from a variety of different sources including banks, bridging companies, estate agents and their own national advertising campaigns. They have invested nearly fifteen years of their time in building these networks which means they get passed the juiciest deals before anybody else.

In return, we have to pay these middle men a higher than usual fee to secure these deals. These deals typically make the property dealers £30k+ in profit so the usual 1% finders fee just isn’t going to interest them to pass the deals on.

For example, one of these property dealers currently buys all of his properties himself (nearly 50 every month!) He’s now passing them to the Tycoons forum members in return for a commission on each one. Roughly £10k per deal is the point at which he said he’d pass on the deal instead of taking it himself. That means there’s usually around £20k+ left in the deal for you after payment of all fees and commissions so everybody wins (I'm using average figures here to illustrate how much you make per deal).

"How do I register my interest?"

Please read this page fully first of all. If you understand everything, then email us on deals@readymadedeals.co.uk with the reference number of whichever ready made deal you are interested in. All our deals will be posted in the forum section titled "ready made deals” – click here to go there. You’ll find the reference number on my post describing each deal..

When you email us, type a short message in the message field to let me know you are interested in the deal. I’ll give everyone a few hours to post their responses. From all the replies, we will then pick one person to go ahead with the deal.

"What are your criteria for picking suitable investors?"

We pick suitable investors based upon your ability to go ahead with the deal and how quickly you email us on deals@readymadedeals.co.uk with the reference number of the deal you are interested in. The people bringing us deals do not get paid a penny unless the deal goes through so we are primarily looking for people with the ability to go ahead and purchase the property.

As many of these deals are repossessions with very tight timescales we do not have the time to educate prospective applicants on how a property purchase works. Therefore, you will have an advantage over other applicants if you have done at least one property deal before.

If you are picked we will contact you and ask you a few basic questions to figure out whether you are well suited to take the deal through to completion quickly.

The chosen investor will be sent all the details for the property (including the full address) and be given a few hours to do the relevant research and come back to us with a yes or a no. If we do not have an answer from you by the deadline, we will ask the next investor in line to go ahead and research the deal.

These properties are being offered well below their true market value because the sellers are distressed and require very fast purchases. In other words we are working to very tight timescales. If you can prove to us that you are able to research the deal and give us your feedback quickly then you are more likely to be chosen next time around for future deals.

If you haven’t done any deals with us before we will call you to ask a few basic questions about yourself to assess your chances of getting the mortgage quickly and your ability to complete. We will only do this once.

"What is the step by step process I go through to buy these ready made deals?"

Register your interest on the forum (read “How do I register my interest?” above)
You will then receive daily updates via email of all the deals we have going through. If somebody else has pipped you to the post on a deal then we will let you know in the daily update - if this happens please keep applying for further deals, we have hundreds in the pipeline! If you are picked for a deal we will email or call you to let you know you have been successful...
If you are accepted and you want to proceed then put down a reservation fee of £2.5k (fully refundable if the deal does not go through due to no fault of yours) – we will explain everything when we speak to you
Pay the valuation fee to the mortgage lender (fully refundable if the valuation comes back lower than expected and you decide not to purchase property)
Meet the surveyor at the property or get someone else to meet the surveyor
Exchange contracts – pay a deposit of £2k plus £500. The £500 goes towards searches and other associated solicitors disbursements.
Completion – pay the remaining balance of the finder’s fee to property dealer.

If the valuation doesn’t stack up we’ll refund you the valuation fee and the reservation fee. You’ll have lost nothing because we take all the risk for you.

Oh and one more thing, if it bothers you to see someone else make £10k on a deal while you're making £20k+ for no work or effort then these deals are probably not for you. However, if it makes no difference to you what the other guy makes as long as you get a great deal then these deals are definitely worth considering.

As time goes on and we take more of these deals for ourselves, I’ll have a much stronger negotiating position based on the volume of deals we are taking up. I will then negotiate reduced commissions with these finders. I will also have many other property dealers putting their deals through to Tycoons forum members to meet the huge demand I am expecting for these deals.

Also, you may have heard me mention that I'll be converting all my surplus distressed seller enquiries (leads) and passing them on as ready made deals too. I will be putting these deals up in the next few weeks. I'm doing this to satisfy the demand from Property Tycoons forum members who want me to package ready made deals up for them. I get around 10-15 leads coming through every day so this will add a few deals per week to the volume of ready made deals I'm already posting on the forum (I'm posting one ready made deal every day at the moment).

"Do you offer a risk free guarantee?"

Yes we do. If the valuation for your mortgage does not match the valuation we have given you for the property or the deal cannot proceed due to circumstances beyond your control then I will refund you the valuation fee that you have paid to the mortgage lender from my own pocket. That’s how confident I am of the quality of these deals.

"What are the costs?"

Paid to mortgage broker

Broker fee = 1% (payable on completion)
Mortgage valuation fee if applicable
Mortgage application fee if applicable
(Optional) – you will need to meet the surveyor at the property when he comes to do the valuation for your mortgage. If you cannot make it we can send someone for you at a cost of £100. I advise you to go if you can make it to allow you to meet the tenant (in the case of a rent back) and to assess the condition of the property.

Paid to property dealer

You pay a reservation fee to the property dealer of £2.5k – fully refundable if the deal does not go through, due to no fault of yours.
On completion the remainder of the fee must be paid as stated on the forum post for the deal in question minus the 2.5k reservation which has already been paid.

Paid to solicitor

£500 is also payable towards searches and other associated disbursements to solicitor before exchange.
To exchange you will also need to pay a deposit of £2k to the solicitor. They will then exchange contracts.
Sellers solicitors fee = £485 + VAT (payable on completion)
Your solicitors fee = £485 + VAT plus searches and other disbursements (payable on completion)

Therefore, you will need around £5.5k up front to do these deals. For most of our ready made deals you can expect some or all of this amount to be returned once the property has been remortgaged . I cannot guarantee any figures from the outset because every deal is different.

NOTE: If you are using our 100% financing to purchase these properties using little or none of your own money then all the details associated with the 100% financing service are explained on www.property-finance.com

"Are there any conditions?"

We insist on you using our mortgage brokers and solicitor. We have painstakingly assembled an experienced team who handle the legal’s and financing for our hugely popular 100% financing service and for the deals we pass on to other investors. Our team of brokers and our solicitor take on around 50 new deals a month from us. Consequently, we have developed very streamlined processes for getting deals done and dusted in the least possible time. If we introduce other brokers or solicitors to the mix, we are also introducing new processes and therefore uncertainty which will almost certainly cause unnecessary delays for you and possibly cause deals to fall through.
When you register your interest in any of our property deals, we will contact you to ask you a few simple questions about yourself. These help us to assess your suitability for our deals and to make sure the financing side of things will go through quickly and smoothly. We will only need to do this once.

"Can I see an example of a typical deal?"

Sure. Here’s a real life example of a deal that we recently passed to a Property Tycoons forum member:

Ø Distressed seller wanted £95k

Ø Property dealer wanted commission of £10k

Ø Contract price = £105k (sale price + commission)

Ø Bank Valuation = £130k

Ø This particular Property Tycoons forum member purchased the property 19% Below Market Value (after all costs) & also used my 100% financing service to get £4,000 cash back ON TOP of the £20,000 equity in the property - she was so pleased with this deal she took another two!

"How do I pay the reservation fee?"

Direct bank transfer or debit card is best. If we take your payment by credit card, then please remember the bank charges us around 2.5% for taking the payment by card. In that case only, we would need to add the credit card processing charge on to your payment.

"Can you put together little or no money down financing for me to buy ready made deals?"

Yes we can package everything up for you. If you would like to use our 100% financing, please take a look at http://www.property-finance.com/ for more information. When you speak to us about a deal please mention that you would like to use the 100% financing and we’ll get everything arranged for you.

"Have any forum members taken these deals yet?"

Yes we have passed on over fifty deals so far as part of our pre launch testing to selected forum members. We did this to make absolutely sure that we could deliver on our promise to provide you with ready made BMV deals and to set up the systems to make sure the deals go through to completion as quickly as possible. You can listen to some of our clients describing their experience with us on http://www.property-system.com/auction/vbulletin/local_links.php?catid=8. All of these clients made significant profits from our ready made deals.

If you want to speak to any of our clients to check that these deals are truly below market value and completely genuine just let me know and I’ll put you in touch.

"What do I do next?"

Go to the ready made deals section of the Tycoons forum (click here to go there) and look for deals posted by me with the subject line “READY MADE DEAL”. Email us on deals@readymadedeals.co.uk with the reference number of the ready made deal you are interested in. You’ll find the reference number on my post describing each deal.

Please feel free to contact me if I can help you in any way.

Kind regards

Parmdeep Vadesha

Managing Director, Vadesha Properties Ltd

www.tycoons-forum.com

Tel: 0870 881 0512