Property Clubs

A guide to .....

Property Clubs
Property Clubs are companies that offer to find off plan or completed properties at a discounted price. These properties are usually marketed to buy to let investors who then will rent them out as landlords. Property clubs should make sure that the properties they are offering include:

Genuine discounts (normally 15% - 20%) from an RICS accredited valaution company
Rental Income Estimates have been certified by local lettings agents
Location of property is suitable for Landlords tenants
An indication of overall costs versus rental income.
If you have signed up to a property club then you will be regularly receiving their latest offerings. It is down to you to do your due diligence on each one. Some offerings will be worthwhile and be a good investment, whilst others that are being offered will definately not.

When it comes to property investment, it will very much depend on the approach you are taking. Are you requiring the rental income to pay for everything, or are you prepared to be slightly down per month knowing that that you have good equity in the property with good equity growth? Some apartments will be very desirable, with good resale values, but the rental value may not be as good.

EMAIL US FOR OUR FREE "DOES IT STACK UP" SPREADSHEET. This will arm you with the knowledge of whether the deal works for you.

The Property Clubs charge a fee (normally a % rate of the gross property value)for finding the property and making sure the transaction is completed smoothly. This rate varies from club to club, but feel free to email us if you wish to get an idea of an average fee.

It is important to make sure that you are always dealing with a reputable Property Club. You should always make you own enquiries into the integrity of a club. I cannot stress this enough
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