Forum Replies Created
Best thing to do is read the book cover to cover a few times. Then read the book with a note pad handy. Take notes of the parts that you consider important to your investment strategy. Make a set of checklists and templates for property valuation. Make a list of rules for filtering properties using Steves rules as a basis and adding a few rules that fit to your criteria. Once you have these tools in place learn them by heart. Look for property in the free papers available at the local estate agents and also the internet. Filter your list of possibilities and go on a trial run looking at properties. Once you have looked at a number of them and done your due dilligence on each, Come home do calculations and further refinement of your lists and rules. Ring banks and other lenders for rates and quotes on finance and add the information to viable properties. Like anything else a few dry runs are essential. If you have completed all of the above you may be lucky enough to find a property on your first few runs and start the investment building.
IT IS ALL IN THE PREPARATION.[biggrin]
I have always found the best rule of thumb is to sell by sole agent as you have more control with a single agent involved and have a better idea if he has your interests at heart or a quick sale. If you are buying and can find multi listed homes in your property profiles it will gennerally pay dividends. Go through an agent that didnt originally list the property and get him to put the screws on the listing agent. Both will want a quick sale for the commission and will not generally be bothered about the vendors profits as the vendor was not worried about their commission. I prefer selling them myself.
So sole agent to sell
Multi list to buy
Or sell it yourself using correct advertising and price ranging.
