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Articles: 124,149
Top Poster: Parmdeep Vadesha (5,953)
2 members and 175 guests
Titi Olagoroye Most users ever online was 978, 27-01-2009 at 05:26 PM. |  | | Notices | |
“Underground Investors Summit”
June 16th & 17th,
2012
The Big Property Giveaway!
Followed by Parmdeep Vadesha’s
Farewell Party |  | Here’s some of the great
giveaways already lined up: - Contacts -
Meet investors, JV partners and other valuable contacts.
- Strategies –
I’ve put together the latest property strategies that
are currently pulling in killer profit and will be
revealing them all, along with a team of property
experts.
- Resources -
I’ve spent the past month pulling together my documents,
agreements, videos and audios that I will be making
available as part of the giveaway.
- Mentors -
I’ve invited the top UK property experts, as well as
some of my mentors to come along and network during the
event.
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Click Here To Find Out More! |  | | | INTRODUCE YOURSELF HERE Before you start using the forum please introduce yourself to the rest of the Property Tycoons here! |  |  | 
12-06-2007, 10:06 PM
|  |   | | | | Join Date: Jun 2007
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| |  Myklee
Hi everyone, I just joined a couple of days ago after I was alerted about the site by a buy-to-let broker.
I have five properties thus far, most of them new builds that I managed to pick up Below Market Value. I'm interested in buying some more in London and the south east, but I'm finding it extremely difficult to source them. If anyone has any ideas, please let me know.
Also, as I said, I tend to buy new builds. What is the general perception of this type of property? Worth it, or not?
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13-06-2007, 12:38 PM
| | | | | | Join Date: Apr 2007 Location: West Yorkshire
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Hi there, you are very welcome to the forum. I'm sure you will find it very informative, interesting but most of all fun. I wish you all the best. If you need any help financial or otherwise, please just shout. Or call me if i cant hear you. | |
13-06-2007, 06:21 PM
| | |  | | | Join Date: Feb 2007 Location: SK9 Cheshire
Articles: 4,304
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Hi Myklee
Welcome to the forum. Not many folks on here like new builds. They flow cash negative, so are not scalable. Eventually, you run out of money. Having said that, I bought six of them last year, for low money down, and I'm keeping them. It's really better to buy older property with high rental yield, I guess, but I've not yet managed to buy any below 10% BMV 
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14-06-2007, 05:17 AM
| | | | | | Join Date: Jun 2007
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Thanks for that. At the end of the day, I guess, I'm looking to make money so I need to be flexible. To be honest, I would never have known that you can buy older properties BMV had I not hooked up to this site. The new build market is hard right now because developers are simply overpricing everything and then claiming to give a discount. More often than not, the 'discounted' price represents the real value of the property. At least my eyes have been opened to new possibilities. Thank you. | |
14-06-2007, 09:01 AM
| | |  | | | Join Date: Mar 2007 Location: Colchester
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Hi Myklee
Welcome to the forum
Regards Brian. | |
15-06-2007, 07:55 PM
| | |  | | | Join Date: May 2006 Location: Berkshire
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Hi Myklee,  to the forums  ...  ...  | |
18-06-2007, 06:14 PM
| | | | | | Join Date: Mar 2007 Location: Surbiton, Surrey and Nationwide
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Welcome, Myklee | |
20-06-2007, 09:08 PM
| | | | | | Join Date: Apr 2006 Location: Yorkshire
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Hi Myklee,
Welcome to the forum 
New builds are ok, but difficult to make them stack... so have returned to good old, old properties.
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