Get Registered Today!

Full Access to over 1000 articles, 200 hours of educational video, downloadable booklets as well as the latest available properties in London and UK.

2 laws of buy to let purchasing

Filed by Brett Alegre-Wood on Tuesday 31st May, 2005 in Buying Property, Buying Off the Plan Property, Investment Strategy, Sourcing property, Property Investment Clubs
Brett Alegre-Wood
Chairman, YPC Group

Hey guys,

I have only two laws when purchasing buy to let property the rest are simply principles that I generally adhere to because they work for me.

Laws are the foundation of building property successfully. If you break the laws of property you won't go to jail but it will generally cost you money and sometimes if you really break the laws it will cost you a lot of money. So let's jump straight into the first.

1st law - Always buy below value.

Are you an investor who wants to stay ahead of the game?

You need to stay educated...

Grab my FREE weekly property mastery e-newsletter and learn the very same information many have paid thousands to learn. It's valued at £199 per year and each week, I'll teach you everything I've learned while building the portfolios of thousands of my clients over the last 15 years. Learn from my experience and avoid making the mistakes I did!
You'll learn all this and more in just the first 3 weeks of this newsletter:

  • How to retire early through property investing
  • Learn the FACTS when it comes to property development
  • Learn how to develop a game plan for success
  • How to get started in property development with little money down
  • Ways to fully understand all the risk when it comes to investing
  • Discover 8 deadly real estate mistakes
  • The 6 questions you need to ask yourself before you invest in property
  Plus, a special bonus: you'll receive Brett's regular video updates, delivered straight into your inbox, where he turns on his video camera and decodes the week's property news for you!
Join our newsletter list for FREE today and you'll receive as a bonus a complimentary copy of Brett Alegre-Wood's best-selling book The 3+1 Plan!

You'll learn the safest time-proven strategies that will guide you and grow your portfolio during any economic boom, bust, recession or downturn.

The 3+1 Plan is a step-by-step guide that will show you how, with just four properties, you will be able to fund the lifestyle you have always wanted. Even before you retire!

  Immediately you register for our newsletter we'll send you the PDF download link for this award-winning book so you can start reading right away...
YES! Send me your FREE newsletter along with my complimentary PDF copy of
Brett Alegre-Wood's best-selling book The 3+1 Plan!

Get Registered Today!

Full Access to over 1000 articles, 200 hours of educational video, downloadable booklets as well as the latest available properties in London and UK.
Privacy - We will never sell, rent or missue your information.

Let me start by contradicting this law. Investing in property is a long term job so it really doesn't matter if you pay over the odds for a property. Given enough time you will make money. BUT! (and I love that word) but why would you pay full price if you can pay below market. Buying below market also means that you have greater flexibility and a quicker return.

Working with a property club like ours will give you access to below market value property. Even if its initial value may be over the odds the net result will be below value.

2nd law - The property must be tenantable.

This is fundamental as even if you pay over the odds this will affect your capital return but if you cannot get a tenant you will need to pay for the mortgage. This could seriously affect your cashflow and could lead to losing the property.

Of the two laws the second is by far the most important and dangerous if you do not follow it.

The section in my book The 3+1 Plan will explain in detail how you can easily achieve both of these laws.

Live with passion,

Brett Wood

Reader comments for the article '2 laws of buy to let purchasing'

You're invited to join in the discussion of this article. Do you have advice to share? An opinion or some feedback that adds to the discussion? Feel free to add it below! (Please note though that ALL comments are checked before they're posted.)

© 2015 | Terms of service | Privacy & Cookie policy | Subscribe to our news feed | Sitemap

Follow Brett on Twitter | Fan us on Facebook

Open Letter: Why Your Pension is a Ticking Time Bomb and What You Can Do About It

Sites: YPC | YPC Hong Kong | YPC Singapore | YPC Property | Ezytrac | The 3+1 Plan | Lifestyle Stories | Property Articles | New Build Property | Off Plan Property | Buy To Let Property

Part of YPC Group