Making Money from Property

For those of you who are a bit stuck and wondering how to make your finances work for you and how you might become financially free, Miki and I highly recommend the Tigrent courses. Both Miki and I took Tigrent courses and they gave us the tools and confidence to start building a property portfolio and also introduced us to a network of people interested in becoming financially free.

If you feel you cannot get on that first rung of the ladder, try one of Tigrent’s introductory sessions. They’re free!

Their latest seminar is Make Money From Property with Auction Guru & TV Show Host Martin Roberts
Sign up for a two hour free seminar to find out how you can become a successful property investor!

Budgeting All Costs When Buying Your Property

Budgeting All Costs When Buying Your Property

Many people end up making a great deal of money through strategic property investments. However, even experienced investors can forget or overlook many hidden costs. By learning about the different fees you may incur, you can increase your bottom line when buying property.


Fees -

There are a lot of miscellaneous fees involved in purchasing a property; loan application fees are a prime example of this. Right from the start, you have to spend money in order to be considered for most mortgages such as the valuation fee for the surveyor.. Although the fees might be minimal, they still must be taken into account as an expense that takes away from your bottom line. There will also be solicitor and conveyancing fees to take into consideration; both of these are generally inescapable parts of purchasing property, and will need to be taken account when budgeting to buy your first  home. If you are buying a leasehold flat then you will need to take into account  monthly service charges.  

Surveys -


Surveys are critical when purchasing a new property and can uncover major problems that would cost you even more money down the line;  It is worth considering whether to  have a basic survey or a more in depth one if the property is very old so that you don’t have any nasty expensive surprises after purchase..   

Insurance -


You will need to consider building’s and contents insurance once you have bought the property.  If you buy a flat, the buildings insurance is probably included in the service charge.  Make sure the amount of cover is sufficient for re-building should anything ever happen to  your home.  

Other Miscellaneous Costs -


Once the purchase is finalised, there are still a few more costs to be considered. Moving expenses absolutely must be included in the final cost of buying property; in some cases, they can be considerable. Getting the home ready to live in will also require utilities connections which will cut even further into your bottom line. By being aware of the extra costs of buying property, you can make a far more strategic – and informed – decision

Article by:- David S Judge

How To Compare Mortgage Rates For First-Time Buyers

Compare mortgage rates

There was once upon a time when finishing your degree, settling down and getting married producing children along the way was as simple as one, two and three – or so I had once thought.


The whole process is just as daunting, if not difficult, as it is to buy your own house. I have recently discovered that every time I sit down to compare mortgage prices, I am left dazed and confused even more so than when I was before I had sat down to research.

Now I have found a system and instead of facing the bombardment of information, one should start by researching finance and mortgage advice forums. I would even consider talking to people who are experienced and have experienced the woes of first-time buying. I found those who had bought a house or flat recently or within the last two years to be more helpful than those who had purchased a house ten years ago.

The first step is to work out how much you can afford. It is good to write down how much you can afford to pay off on a mortgage, as well as knowing how much all other fees are going to be for example stamp duty, solicitors fee, insurance costs and valuation fees. When you compare mortgage rates, you will find many different options, so take into account of the extra costs and what you are likely to spend on that. The right mortgage for you is dependent on your annual salary and employment circumstances.

Consider whether you will need to save for a deposit, if you do not have a savings are you able to gain help from your family, or would a one hundred percent mortgage suit you better? This option is not always the most financially safe route, however, most first-time buyers will not have a large sum of money to pay up-front and therefore this option would be ideal.

Ask yourself whether you prefer to have a fixed rate mortgage or a variable rate? Are you able to afford the interest only or can you afford the capital as well? Research the risks involved in each of these options then you are more likely to have a good advantage when actually searching for your ideal home.

The next thing you will need to do is to be realistic and calculate how much you qualify to borrow and find out what type of house/apartment you are able to afford with this amount. There is no use in expecting to buy a large house on your own, if you can only afford a small flat. Price ranges vary dramatically, so have a look at what would be value for money and what is going to be simply a purchase for the post code!

If you find your own researching is confusing you, you should seek expert advice from your bank, estate agent or independent mortgage advisor. They are the best people to approach and they more than happy to help you calculate the costs of everything as well as finding the right mortgage for you. However, some advisors will charge and others will give you this advice for free. Be careful not to be pushed into a corner of accepting their offer as some use this as an advantage to sell you their product.

How To Find A Good Financial Advisor

Financial advisors are trained professionals in a highly-regulated industry. Like doctors and lawyers, financial advisors must be licensed and undergo continuing education. Unfortunately, financial advisors are salespeople, and many put their role as salesmen ahead of their roles as fiduciary professionals.

Here are some tips to make sure that you find a person who is a credit to the investment industry, not a cheap salesman in a fancy suit.

Experience or Youth – Which is Better For You?

How experienced is your financial advisor? If he or she appears to be older, this does not necessarily answer your question. Many people become financial advisors after being displaced from another career.

Experience is important, but don't necessarily disqualify a would-be financial advisor for being new to the industry. Many more experienced financial advisors develop bad habits over the course of a career, and may not be up on the newest trends.

Older financial advisors may be more conservative in their recommendations, which may or may not be appropriate for you.

If your financial advisor is experienced, ask for some references. A good financial advisor with happy clients will be eager to provide them. A shady one will skirt the issue. It will be easy to tell.

If your financial advisor is new to the industry, ask him or her what score they received on the Series 7 exam. More experienced brokers will undoubtedly find such a question offensive, and it is less relevant for them.

But newer financial advisors are there for one of two reasons – 1) They have strong sales skills, which is good for the company but probably not for you. 2) They have strong investment knowledge, in which case, they may be a better financial advisor for you than their other, more experienced counterparts.

The Series 7 exam is a comprehensive test of a new financial advisor's investments knowledge, which a full 33 percent of would-be brokers fail and has a median score of just 73 percent. Look for a new financial advisor with a score of at least 85 percent – they are not easy to find, but they know their stuff.

Interview Your Prospective Financial Advisor

Set up a face-to-face interview with at least four financial advisors from different firms. First, take note of their phone demeanor. Does the person sound like a professional?

Does she seem eager to meet with you or expect you to qualify? A true investment professional is interested in helping people, whether they are worth £500 million or £5,000. Only cheap salespeople from disreputable firms refuse to work with people of modest means.

When you meet the financial advisor, take note of his company's office. Does it seem professional and well managed? Professionals take pride in their work and conform to industry standards. In the investment world, this means everyone is in professional business dress and things are orderly.

During the interview, determine whether the broker is truly trying to assess your needs or simply trying to sell you products for which he earns a high commission.

Never buy mutual funds from a broker – you can pick mutual funds for yourself. Funds sold by brokers include sales charges, whereas funds you can buy on your own typically do not. Also, be highly skeptical of annuity products.

Finally, when you have narrowed your search down to your favorites, Google their employers. If there have been any securities law violations by the firms, take this into account when making your decision.

A perfectly good advisor can work for a firm with a bad apple or two, but if there are multiple violations, particularly from the executive level of the firm, then the company probably does not practice the best business ethics and it is most likely advisable that you take your business elsewhere.