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 lower than five years.Ajay's clock is the following to stick because of: the ability for each zone to function based on its personal basics; the creation of the buy-to-let personal loan within the past due 90s; the propensity of estate costs to be unstable; the solid nature of industry rents; and the emergence of bandwagon-type traders. it's a lengthy awaited new version, revised and up to date. It presents specialist 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 info for Beating the Property Clock: How to Understand & Exploit the Property Cycle for Maximum Gain
This means that: ■ existing buildings can be sold to them at inflated prices; or ■ plots of land sold to developers (who are speculators also) are resold with the newly built properties to other speculators; in effect the speculator sells to other speculators because the speculator’s view is that the property’s value is heading in only one direction – UP! As prices rise artificially high it encourages even more to be spent on them to gain a higher profit. This results in people saving more, to invest in property, and thus spending less on the high street, lowering overall consumption.
If the actual price is less than the real price then BINGO! 39 4 0 . B E AT I N G T H E P R O P E RTY C LO C K The actual price We determine this as being 95% of the advertised price of a property. As an average properties sell at 95% of their asking price. So for example if we see a property advertised for £60,000 then the actual price will be: £60,000 x 95% = £57,000 In reality the actual price is the price you can get the property for. It could be 95%, 100% or even 105% of the asking price dependent on how competitive the market is.
I consider the unsecured loan taken out to pay for the deposit and acquisition costs as a good basis. The money that’s come in will take into account the interest costs of the unsecured loan. Therefore you can get a yield calculation based on what you got out based on what you theoretically put in. Medium risk investor (Annual rent – Annual mortgage cost – Expenses – Tax) x 100 (Deposit + Acquisition costs) Unlike the high risk investor there is no unsecured loan to service so there is no interest cost on the unsecured loan taken off what you get out from the property.