Women Great At Property!
by NicolaCairncross on July 22, 2008
in Money Gym | Success
Emma Wright built a mansion and made a £1.2m profit. She’s now investing it in 30 buy-to-let homes
When Emma Wright’s husband handed her £1m and asked her to invest it in property, she vowed to try to double the money within three years.
The 34-year-old housewife used it to snap up nine acres of land near Sevenoaks, Kent, and borrowed £2m-from the bank to build a palatial seven-bedroom luxury mansion.
The ambitious project was Emma’s first venture into property development but it has been a resounding success. She managed to sell the house to a foreign investor two months ago for £4.3m.
‘It’s the first time I’ve ever done anything like it, but no one who knows me is surprised I pulled it off,’ says Emma, a former sales manager for a credit-management company and now a full- time mother of two young children.
‘I approach life with a lot of confidence and I thought this was really no different from any other house transaction – you buy as cheaply as possible, don’t skimp on making improvements and sell as well as you can.’
Now she is ploughing her £1.2m profit into building a buy-to-let portfolio. Emma plans to purchase up to 30 houses near her home in Wadhurst, East Sussex, on a 60/40 split with a neighbour and friend Jacqui Hollie, 36, who wants to invest with her after they met at the school gate and started talking about property.
Her bank has offered a £1m loan facility at 1.5% above base rate and a maximum of 70% on each property if she wants to use it.
‘I realise house prices may still have further to fall,’ she says, ‘but I’m a cash buyer so I can negotiate hard. No one can predict when prices will recover again, but as long as I spread my purchases and buy one new property every couple of months, my portfolio should benefit from any further price falls and I won’t miss any opportunities.’
Legacy -v- Currency
by Nicola Cairncross on April 3, 2008
in Money Gym | Success, Money Gym | TV
Gary Vaynerchuk is a manic genius and I love him! He is just my new hero even though he’s only 32 or something mad.
Check out this little golden nugget on integrity and success without compromise on that integrity. I’m reminded of Dr. Stephen R. Covey’s (author of “7 Habits Of Highly Effective People”) motto of doing what’s right, not what’s necessarily easy.
God, I SO lost sight of this just a very few years ago – along with lack of focus – and I’m still paying the price. But I will make it all right in the end, I will, I will.
So thanks Gary, for reminding us how to make good decisions every single day.
Property Crash? Andy Shaw comments…
by Nicola Cairncross on March 30, 2008
in Money Gym | Success
PASSIVE INVESTMENT UPDATE:
This post is an old one obviously but it gets a lot of traffic from the search engines. The news that Passive Investments have gone into liquidation is shocking for everyone. Read The Latest Money Gym Statement Here>>>>
The Post Previously Read:
I knew Andy Shaw wouldn’t be able to resist on the dreadful headlines about the property market for long, and I was not disappointed. If you can’t believe a man who, with his partner Greg, has built up a property portfolio worth over £30 million, then who can you believe eh? Andy says….
“I was doing some research the other day for our business Passive, and I was asked to find some research from a recognised professional that backed up my argument about the fact that the country is not over geared despite what the media says.
Well here’s quite a good one that I thought you’d like too -
http://www.guardian.co.uk/business/2008/jan/12/housingmarket.houseprices
Martin Ellis is the chief economist of Halifax and he is stating that the property market is now worth £4 trillion, which is three times the UK’s annual output. And it shows household debt at what is commonly thought to be a staggering £1.3 trillion.
Now I have been trying to say that for years but never got round to looking for the figures to back up what I was saying. So, really basically, if you look at the country as just a person, it is worth £4 trillion, and has £1.3 Trillion of debt 
So our mortgage and household debt, cars, loans, credit cards, the lot, gears us as a whole to 33% of our equity.
Can you tell me what loan to value the banks consider virtually zero risk lending?
Well different banks view it in different ways. Allied Irish view 70% as virtually zero risk, while Nationwide view 65% as virtually zero risk. Some banks go down to as low as 50% before they view it as virtually zero risk. But we as a population are at 33%, which is well below the risk criteria of even the most conservative of banks.
What does this say to you about the way the media and the government view the extraordinary high levels of consumer debt? It says to me: scaremongering. ……
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Discover How Two Men Turned £10k On A Credit Card Into £37 million Plus, In The UK, In Just A Few Years…. |
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Our mate, Andy Shaw. |
