IN BRIEF
Description:
Platinum Property Partners are offering you the opportunity to build an impressive property portfolio through this fantastic franchise opportunity.
Opportunities:
Franchise Opportunities available across England, Wales and Northern Ireland.
Business Type:
Franchise.
Minimum Investment:
£52,970.
Financing Assistance:
Yes, through a third party.
Training Provided:
Yes.
Home-based:
Yes.
BFA Associate Member: Yes.
VIDEOS
FRANCHISE ASSOCIATIONS
Taking best advantage of the 2009 Buy to Let market
October 21, 2009
2009 is providing some superb opportunities to acquire profitable property investments – we’re unlikely to see again in our lifetime a series of circumstances when property investing has looked so attractive.
The caveat is that you have to know what you are doing; this is not a market for amateurs and gone are the days of property being ‘easy money’. Changes in the mortgage lending market and tightening of legislation governing buy to let have meant landlords now have to be more professional and possess real business acumen.
It seems that everyone wants to be a property investor, but, in reality, few possess the skills, flexibility, drive & determination, or can adapt to the kind of life that comes with running a successful property business. It’s not about how big your portfolio is, it's about the return on your capital it gives, the income you can extract from it, and whether it can operate without you needing to exchange your time for that profit. You need to work with property experts to ensure you have a sound investment model that insulates your property business against potential downsides, surround yourself with the right legal and financial advisors, and understand that you will need a decent level of operating capital.
There are too many unethical, so-called ‘industry professionals’ trying to convince aspiring investors that ‘no money down’ deals can still be done and offering them a supposedly easy route to buying property ‘below market value’. All of these propositions, when you look into them, are either illegal or so borderline it’s not worth taking the risk; at the time of writing, if the deposit funds you are putting into a purchase are not your own, and the lender is not informed, you are most likely to be committing mortgage fraud.
Platinum Property Partners and its 40 franchisees are focused on acquiring the kind of property that can give strong cashflow and an average 14% yield. The average pre-tax profit across the franchise is £12,000 per annum, per property – that’s after the mortgage & all bills have been paid, and allowances have been made for maintenance and voids. Yes, running a highly profitable property portfolio can be time consuming if you’re doing it all yourself, but the right, systemised, buy to let investment models make for a very attractive business proposition.
Those who get it right will prosper hugely; those who don't will face potentially disastrous consequences. An increasing number of ‘cash rich, time poor’ first time and existing investors are approaching us with a desire to take advantage of the excellent returns offered by the buy to let market without the associated hassles, so we have developed passive investment options alongside our active investment franchise. If you could use existing equity or other funds to build a solid, sustainable property business that delivers immediate cashflow and long term growth, on a completely passive basis, wouldn’t you want to?
My advice, if you’re considering any opportunity is:
- Do proper due diligence on too-good-to-be-true propositions
- Speak to previous/existing customers
- Visit the company & speak to a Director
- Find out if they have a vested interest in ensuring you prosper on an ongoing basis
- Remember that property is not a get rich quick scheme, but can deliver significant rewards in the medium to long term
About: Nick Carlile
Nick Carlile, co-founder of the Platinum Partners Group of companies, is a qualified quantity surveyor who has worked in the property construction & investment industry since his early 20s and moved into property investing full-time in 2004. He has considerable experience in assessing & overcoming risk in large-scale property development investments and has a multi-million pound UK and international portfolio.
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