"Don't part with your dreams - when they are gone you may still exist but you will have ceased to live" - Mark Twain

"Do you know that this blog wouldn't exist if it wasn't for you being here to read it!?" - Bobby Gill

Saturday, 22 November 2008

Auctions and upcoming events

Just a quick property update for you on auctions. I went to a local auction in Huddersfield last week to watch the auctioneer cringe. They've been quite 'cocky' in the last couple of years, with a lack of respect and time for investors, inflating prices and playing silly games to increase their commissions - how times change.

Of about 33 lots:
3 had been sold prior
66% were unsold on the night by not reaching reserve
Couple of properties went for what looked like 20-25% BMV
Couple of houses were a fair price
One new build apartment - no bids or interest at all!
Was surprised to see a building plots being in demand, as bank finance is tight for investors and the new build market stagnant. Probably for self-build or a builder with time and money on his hands.

I recommend you watch your local auctions and contact the estate agents about any unsold lots. They have bargains waiting to be picked up for those of you still buying.

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Upcoming Events

25th Nov, Manchester (& 27th Nov, Darlington) - Cash Flow Nights,
Rent to Own Options with David Lee, How to Buy a House for £1!

28th Nov, Birmingham - The Property Investors Xmas dinner,
with Simon Zutshi and the PIN Team

29th Nov, London - YES Group 15th Anniversary Party,
See you at THE Party of the Year!

1st Dec, Manchester - Female Entrepreneurs from Australia,
Two amazing ladies, Getrude Matshe & Samantha Backman

3rd Dec, Leeds - Northern Property Network Meet with two amazing guys ;-)

Others speakers details removed as requested.
Bobby Gill – Student HMO Landlord

Bobby will share with you how you can put together a deal in this economy by being creative. Why Student HMO's are a great way to invest for yield and what to watch out for.


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