FREE property - do you want it?

Hi there - welcome to my latest blog posting ;)

Like most people I have been keeping a close eye on much of the news that is out there on the property market. If you read too much of it, you can easily persuade yourself not to get started in property investing or to continue growing your existing portfolio. I have an exercise below that I want you to try out whenever you feel yourself lacking in motivation...

Here's a question to ask yourself - if someone offered you an income producing property - producing say £10,000 per annum - for FREE would you take it? Of course you would.

So that tells you property still makes sense if you get it at the right price. Agreed?

What doesn't make sense is paying too much for the property in the first place. People who do that are the ones who get into trouble. In fact the articles you read about the property gloom and doom are meant for people who pay market prices because they're the ones who need to worry when prices stabilize or fall.

If you buy at the right price or create equity in some other way, say through development, then why should you worry? Since people cannot afford to buy a house or get a mortgage (especially if they have bad credit) then you should see a strong rental market in your area as I have seen in my area. Just make sure the rentals cover your mortgage payments and watch you don't gear too highly.

I had an incredible day yesterday in Luton where I put on one of our regular 'Ask The Experts' sessions - this time in Luton. Over 120 investors came along to this one to learn how to find below market value properties and buy them using little or none of your own money. I've attached lots of pictures of the event below.

After the event we held a special session for members of my Tycoon Mastermind Alliance program (also known as my mentoring program). Everyone present gave a short introduction of themselves which really helped the group discover potential contacts within the mastermind. One comment stuck in my mind. One of the Alliance members stood up and explained that he had taken a break from a high profile well paid banking position to pursue property because he believes this market represents one of the best opportunities for nearly 20 years to buy income producing investment properties at distressed prices. The nod of heads around the group told me many Alliance members are thinking the same thing.

Another Tycoon Mastermind Alliance announced that he has 30 years of experience in the building trade. Another works for a major national airline and can get cheap flights for fellow Mastermind members. Another is an expert in Eastern European investments and the list goes on... This is the power of building a Mastermind Alliance of people with different skills and experiences who are all traveling in the same direction as you.

By the way, the flash Mercedes car you can see in some of the pictures is the car I am giving away to the Tycoon Mastermind Alliance member who wins my 'Better Your Best' contest If you want to know more about the benefits of a mastermind alliance have a listen to the audio attached (below all the pictures). If you want to find out more about my Tycoon Mastermind Alliance go to http://www.property-system.com/index.php?pageid=mentoringprogram. We have 100 places in total and 66 places are now taken (correct at the time of writing - the remaining places will all go within the next couple of weeks).

And finally (I thought I'd save the best till last!) we raised £1,680 for the red cross to help those affected by the China earthquake and Burma cyclone (there is a picture below of me handing a giant cheque to the very happy representative from the Red Cross). The final amount consisted of £1,000 from me + we raised another £680 from the attendees on the day by raffling a day with me in Leicester. I want to say publicly how very proud I am to be associated with such generous property investors. Well done everyone - you are helping a very worthy cause!!

The raffle winner had this to say about the day with me (I have included a picture below):

A Day with Deep

"I won the raffle at one of Deep's seminars. The prize....... a day with Deep. As you can imagine, i was very excited. I am a complete beginner in property, in fact i had just bought my own house, knowing nothing but the basics as told by the mortgage broker!! I had come across Deep's company by accident when i was searching on the Internet for another company. I signed up for the free mini course...... and received the email about the seminar.

Deep met me at the station at 10......it was a beautiful sunny day. We went around Leicester, along the way he shared his experience and knowledge on so many things such as how to spot a good area for your tenants, adding value for the home owner/investor, the key skills to learn/have, tax effective investments, security, building relationships and many other important things. I had prepared my list of questions, so i got to ask them. We got a chance to go to the suburbs and saw some magnificent views of Leicester, it helped me to really visualise my goals .... it was also a chance to day dream!! For me as a beginner, i kept thinking......where do i start? what practical tasks do i do everyday?........Deep helped me a lot on this. At the end of the day i felt ELEVATED, with a plan and tangible tasks. When i got home, i adjusted my plan, added the new information i learnt. Now....... it is all about action"

Habiba
Kent, London

P.S. to read my previous blog posts click this link http://www.property-system.com/aucti...n/blog.php?u=1

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Attached Files

mastermind alliance.mp3 (7.55 MB, 146 views)