By Ajay Ahuja
Chartered accountant and estate guru Ajay Ahuja has devised a version that each one expert traders may still stick to. it really is this version, the valuables clock, that has taken him from an preliminary funding of GBP 500 to a portfolio of a hundred homes worthy over GBP 6m in below five years.Ajay's clock is right here to stick as a result of: the ability for each zone to function in response to its personal basics; the advent of the buy-to-let loan within the overdue 90s; the propensity of estate costs to be unstable; the sturdy nature of marketplace rents; and the emergence of bandwagon-type traders. it's a lengthy awaited re-creation, revised and up-to-date. It presents professional info from the best-selling writer of "The purchase to permit Bible", "How to Make a Fortune at the Internet".
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Extra resources for Beating the Property Clock: How to Understand & Exploit the Property Cycle for Maximum Gain
B E AT I N G T H E P R O P E RTY C LO C K This is why property prices move up and down as explained in Chapter 1. Looking at the graph: 6pm Real price Time 12 noon 12 midnight 12 noon being the beginning of the boom and 6pm being the beginning of the bust. I really want you to understand this boom-bust cycle. It is the understanding of these fundamentals which will ensure that you never lose in property investment. Please re-read this chapter as many times as it takes so you understand how the boom-bust cycle works.
3 3 Tom, Dick and Harry are all higher rate tax payers but they have very different risk profiles. They see a property advertised for £100,000 but all have very different strategies to buy the property. They estimate that it can rent out for £1,000 per calendar month. They also estimate the following annual expenses to derive a profit and loss account. Tom Dick Harry Rent £12,000 £12,000 £12,000 Unsecured borrowing costs (interest only) £1,750 N/A N/A Mortgage costs (interest only) £4,500 £4,500 N/A Void periods £1,500 £1,500 £1,500 Service charges £1,000 and ground rent £1,000 £1,000 Repairs £500 £500 £1,050 £1,050 Agents’ fees £500 £1,050 Sundry £450 £450 £450 Profit £1,250 £3,000 £7,500 Tax @ 40% £500 £1,200 £3,000 Net profit £750 £1,800 £4,500 3 4 .
If interest rates rose dramatically, landlords would raise their rents to meet their mortgage payments and then ‘forget’ to reduce them as their mortgage payments fell. So as we have eliminated inflationary influences from this model we would have the rent vs time graph looking like this. Real rents Time So we can see that rents do not change over time. Another great thing about rents are that they are: ■ ■ known and predictable. They are known as it is very easy to gather the market rental value for a one, two or three bed property as there should be plenty of these types of properties to rent on the market.
Beating the Property Clock: How to Understand & Exploit the Property Cycle for Maximum Gain by Ajay Ahuja