Hi

There are 3 essential criteria when you do a deal:
1- the value you buy at
2- the value you will sell at / or the cash it generates until you get to this point
3- the structure of the deal

My view is that you have concentrated mostly on 1, and at the moment 15% BMV is not a huge cushion (average buy price is 10% below estate agent price)
Re 2, either you make a quick profit now, or you have to ensure it generates cash every month. At the moment, you are loosing money every mont (you are subsidising your tenant)
Re 3, I would have completely remortgaged the home at 85% and put the money to buy new property cash, it would have saved on interest as BTL mtg are dearer than home mtg. Also it means you could still have remortgage BTL property later on, leaving you with more possible cash to play with.

That is how I view it, although I m not a serial buyer.

Now is a good time but be careful. We have a lot of clients who purchased 1,2,3,4,5 properties on their own but came to us to supply them properties and take over it for them,

The reason:
The current climate ! It is easy to get hurt but very easy to do really well if you know where and what to invest in.

Take your time and be careful. If you have money to invest then now is a great time to snap up the bargains before the herds return !

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http://spectruminvest.co.uk

I agree - the only way to invest in the current market conditions is to have positive cash flow - if you can't net about £300 a month cashflow out of a deal I would call it risky. The Cashflow is what will make your investment "recession proof" and shoul dnot be compromised in anyway...

well investiment on property at this time is not good enough to do. There is an lo't of up's and down's in the property market as we all know . The prices are ecpected to be more crashing in the new year. So, if you are looking for long-term investiment then you can go ofr investiments.

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Barbican Property | Property Bloomsbury | Property Limehouse | Estate Agents Clerkenwell