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It might be all well and good to by the property do it up and have no trouble with flood water, some houses even have experienced floods everyone of the floods that have gone through and it doesn’t damage the house.
But try telling that to the Finance company when they look at the flood zoning. They will then say that to lend against the property (to buy it) you will need LMI. and you ask the LMI and then it gets difficult as a lot will not lend against a flood zoned house.
So doing the house all up is well and good and seems though can work in some areas, often the houses are cheaper because of these problems. But it will be someone that has CASH to buy it so may limit the amount of people that can buy it because they will not get a lend with a normal 20% deposit IMHO.
They are often in areas that only suit a rental and so may not attract a say family buyer in the future as well. But certainly can be good rentals and come close to +CF lot of the times.
Carefully think it out though. They are problematic sometimes or most times which put most off but if you go in a do what 90% might not you can make money I thinks.
I have looked at flood zoned houses, agent didnt know , said it was flood zone, then got to the Council to do checks, council compliments on how most people do not do these important checks. Then I found out it was the only house in the street that did not have the restrictions of every other one up the street. This discovered bonus bonuses
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Other then that you can meet a mentor on the street you don’t necessarily need to stipulate up front that you are looking for a mentor, as any kind of commitment from most scares people away but rather just develop a relationship that bond friendship as per normal any other person you might know then eventually break it to them that you consider that they are becoming your mentor, they will already be your mentor by then without them knowing. during this time there is no pressure on either person or when you for certain know that that is the mentor that you want then explain to them that that is what you are.
Just hung around with people who are doing what you like and you will form friends acquaintances you must be with people you get along with and sometime people that are perhaps a bit different to what you are of think so therefore it challenges the way you think. If you are not an action taker and just want your hand held and I’m not suggesting you are but this is the biggest quality to provide your mentor.
You might have 5 people you consider that know a lot more then you these you can consider as mentors. I consider anyone really that I identify as knowing and having experienced more in the field that I want to go in as a mentor, but really above all I have just one that I go to ask the shoots.
It’s good that you are looking for one and coming forward to look for one. Always look for a mentor and good advice often it’s who you know and not what you know and that doesn’t cost a lot.
You never know the next person you see in the street that you don’t even know it may be carrying the information that you need for him/her to be your mentor.
One last thing; make phone calls and real life meetings where possible the ones that don’t and don’t be one of the 95% don’t. just forums are no good it’s got to go down to earth and into some realistic on group work and just chatting to normal human beings.
Oh, and I’m quiet high on drugs in Hospital a.t.m but I hope I have been a help. Always look for a win/win with the mentor you are with always look for ways to reward your mentor so that they feel it is worth while for them
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