Hey everyone,

Just joined a couple of days back and have been going through this forum and trying to figure this whole BMV game out.....

A bit about me..or should I say us, its three friends and we have joined together to invest in various things which will hopefully make us loads of money one day....

we have done the traditional property thing and now are looking to do the whole bmv thing....we are looking at initially buying leads from here and then eventually move to marketing if buying leads doesnt work although buying a lead just seems a lot easier....

The one thing we are lost on is that whats the process once u have bought the lead and have the details:

1. do u introduce yourself as someone who has bought this info or lie and say u are from the company who received their enquiry?

2. when it is a confirmed bmv what percentage bmv is it and does this mean that the vendor is genuine and all I have to do is agree on a price?

3. If I buy a lead and call the vendor and he says that im willing to sell at 10% bmv, would this be counted as unacceptable in the rule and would I be eligible for a refund or exchange?

4. Do most of you who buy leads always visit and see the house or simply trust the surveyor?

5. Also if there is almost on average 20k to be made per genuine deal, why do people sell it for 50quid?

6. how many leads does it take to get a deal?


I think thats all i can think of right now and am sorry if any of the above is rude or are silly questions but just trying to get my head round it and understand it before I take the first step....

Oh yea, if anyone has any decent leads in Manchester (Gorton, Levenshulme, Longsight, Reddish) area we are really interested.

All your help would be much appreciated.

Thanks everyone

Have a good evening.

Hussein.

Hi Hussein

Congratulations on joining the forum.

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Good luck with your property business.


Kind Regards

Robert

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Welcome to the forum, i'll do my best to answer your questions from a lead sellers perspective...

1. do u introduce yourself as someone who has bought this info or lie and say u are from the company who received their enquiry?

General practice is to say "im an associate of *Lead Seller*, or your details were passed onto me by *lead seller*

2. when it is a confirmed bmv what percentage bmv is it and does this mean that the vendor is genuine and all I have to do is agree on a price?

If it is a confirmed BMV, whether this be a YES to BMV or YES to X% BMV, this tends to be used as the basis of negotiations for agreeing a price between you and the vendor.

3. If I buy a lead and call the vendor and he says that im willing to sell at 10% bmv, would this be counted as unacceptable in the rule and would I be eligible for a refund or exchange?

This is at the lead sellers discretion, best bet is to read their terms and conditions carefully prior to buying

4. Do most of you who buy leads always visit and see the house or simply trust the surveyor?

5. Also if there is almost on average 20k to be made per genuine deal, why do people sell it for 50quid?

My expertise lies in marketing, I am not a property investor. I pass all deals onto investors as this is in line with my business model. I beleive there are lead sellers who sell leads that are outside of their own buying criteria.

6. how many leads does it take to get a deal?

I assume this depends on the type of lead you are after... buy to sell, rent backs, repossessions, etc. I have some clients who manage to convert 7 or 8 out if every 10 bought. Some convert only a couple of of every 10 but are still happy as it fits in with their own personal strategy.

Sorry to waffle, but it really is a numbers game. Work out how much you expect to earn per deal, and from this work out how much you are prepared to pay to get each deal.

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Hi Hussein,

Welcome to the forum. I recommend you spend a good amount of time reading through the posts on this forum, especially for the last 3 months. There are a number of posts which answer your questions in great detail. There are differences of opinion between members, but by reading all, you will feel comfortable in your own approach.

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Hi Hussein,

Welcome to the Property Tycoons Community forum! If you are looking for the biggest and most successful community of property investors who find and buy bargain properties using little or none of their own money then you've definitely come to the right place

Before you get stuck in, I highly recommend checking out the following essential beginner guides and resources to help you make the most of our Property Tycoons community:

1. I have created a set of free members only training videos to show you how to find bargain properties. I created them all myself to teach our members how they can find bargain properties for very little and often no cost whatsoever. In other words you can use these videos to learn how to find bargain properties without spending a penny on advertising or marketing! These videos are extremely popular with our members and I'll be producing more of them to help you find and buy bargain properties using little or none of your own money.

To watch the videos go to http://www.property-system.com/aucti...s.php?catid=16. PLEASE NOTE - these video files are HUGE so they may take a few minutes to load up. I wanted to make sure I packed in everything you needed to know about finding and buying bargain properties using little or none of your own money so I didn't leave anything out

Oh and while you are in the free downloads section you may want to check out all the other documents, audios, videos and files we have created to help you make more money in property. The free downloads section can be found by going to http://www.property-system.com/aucti...ocal_links.php. This section of the forum contains dozens of free downloads you can use to make more money out of the property business with less risk. The audio sections for example contain several interviews I conducted with some of our most successful Property Tycoons community members (my personal favourites are "How To Buy 150 Properties In 2 Years" and "How To Buy A £165,000 House For £110,000 Using None Of Your Own Money"). We also add a monthly interview with our "Member of the Month" to the free downloads section each and every month. These are also very popular with our members and we have plenty more on the way to help you become more successful in the property business.

2. If you haven't already, check out this link Step 1 -> PLEASE START HERE. There you can watch videos on how to make the most of all the features we have made available for you here at the Property Tycoons forum.

3. Go to this section http://www.property-system.com/aucti...tin/usercp.php to set up your profile, upload your picture and customize the forum to suit you.

4. You can find a list of all our upcoming events and member birthdays here http://www.property-system.com/aucti...n/calendar.php at our calendar page.

5. To access the ready made deals section of the forum go to http://www.property-system.com/aucti...splay.php?f=76. This is where we post up our popular ready made deals for Tycoons members. To access all our property leads go to http://www.property-system.com/auction/members/admin_main.php - this is where you can buy the contact details of potentially distressed sellers of properties in your area. The instruction manual for using the Property Tycoons Leads Trading system can be found here http://www.property-system.com/LeadsSystemManual.htm

6. If you have any queries whatsoever you can contact our support department for help. Our "Tycoons Team" is responsible for this role. You can find them by going to www.tycoons-forum.com. Scroll down the page until you see the "Forum Feedback And Queries" section. Feel free to post any query or feedback for us in there.

I wish you the very best with your property business and continued success.

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Parmdeep Vadesha
Managing Director
Vadesha Properties Ltd

“the species that survived were not the most intelligent –they were the most adaptable to change” Charles Darwin

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Hi Hussein and 3QM, hope you are all well,

welcome to the forum everybody is really helpful and friendly here so if you have any questions just shout.

If i can help you in anyway just let me know.

Happy Hunting

Hi Hus,

to the forums ... .....

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Juswant Rai
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Welcome to the forum

Hi Hussein,

I'm representing the friendly North and Yorkshire Property network if you're passing by. We're just round the corner: Huddersfield/Yorkshire Property Network : YORKSHIRE - North Meeting in Huddersfield - Tuesday 9th OCTOBER '07

Regards,

Bobby