It depends in which stage repossession is at the moment.

We are now buying a house where bank has started repossession after court. Because it was only in process we with our solicitor contacted bank and stopped repossession on property. We are now waiting to exchange on property and bank will receive their money much more quicker.  

If it is BTL property you can easily rent it out part of property, any your ex partner might be entitled to tax benefits.

Hi Russell, 

Sandwich deals are a good choice. We are doing the same here in UK, the only difference how we go around stamp duty is that when we put a tenant buyer in place – agreement is actually between tenant buyer and original owner of house and stamp duty is paid by tenant buyer.

Hope it helps.

All the best!

Hi Tim, 

It is great that you share your story. Living in London it is hard to imagine to survive with $500 as rent here is about $1200 pcm. In the mean time me and my partner are very happy for this type of rental prices as it has helped me to become full time property investor at 2012 at age of 24  

I still have to agree that we are working on our cash flow and working with professional mentors to get my partner out of Job too. I would definitely suggest to get another property by creative financing method so you can forget about thinking about finances. 

Well done and keep on going!

Hi Zleshem, 

First of all invest your time in research about projects. It is very easy to give someone your money and tomorrow you might see it again – simply don't just follow your heart but do a lot of research. 

Second thing – decide what kind of return on investment you are looking for. When looking for a best project for a long time it is easy to lover your standards. I would say – decide what outcome you are looking for and stick with it.

All the best.

I agree with Qlds007, 

Why would you do something abroad in USA what you can do at home? I agree some people get bored and want more risk and unknown – then this might be a good option.

All the best Alex.

Regards,

Hi Paul,

Well done on asking those questions here. 

I agree with Qlds007 – you could propose to your landlord to buy house on installments, which is very popular at these times. The main thing is really to understand what is the reason for your landlord selling the house and understanding him would give you a lot of answers for you.

And yes, your partner can claim a grant if properties are bought together.

Good luck!

This is a great que.stion, we shall come back to this post in 6 month time to review

1. Set up more than 5 rent to rent properties by 10/13

2. Buy 2 LO properties and structure them as Instalment Contracts by 09/13

3. Buy LO property and keep for our selves by 07/13

4. Package more than 7 deals by 12/13

5. Create a social meet by 05/13

6. Travel abroad every 3 months

7. Tony Robbins Business Mastery

Great stuff, lets rock and roll

Hi Dan, 

It is a good strategy and at certain point I remember how it is to be in your shoes.

You have to accept that there will be deals that falls trough and there will be deals that will help you to break trough. 

I agree with Paul's advice – control every single flip with Option – we call it as 'Lock Out' agreement, it will make your life a lot more easier if you are doing flips. 

And well done on choosing flips as a strategy to build up your deposit and get on property leather.

All the best!