Last Thursday at Swansea pin Dear Investor, We had another fun and excellent pin meeting in Swansea last Thursday, some great speakers bringing loads of positive energy and fabulous information with them! Lots of great networking and deals being done in the room. Fantastic! We started out with Gareth Morgan, from First Financial Wales, giving an update on the latest mortgage deals out there, and a spotlight on the lender Keystone who are offering a really great range of lending options for property investors. You can reach Gareth at ffswales.co.uk. Then I gave a brief update from the Swansea Landlords Forum, held the night before. The overhaul of rental contracts in Wales, due to come in 2015/2016, has some very interesting points for landlords, particularly the removal of minimum 6 month ASTs, standardisation of social housing tenancy agreements and a huge simplification of Section 21 notices. The White Paper consultation period has closed, but if you contact Swansea Council Housing Dept you can have a copy and theyll still take unofficial input. Our first speaker was Ian Clark from Glide, talking about utilities and how to manage them when administering bills as a landlord. These are perfect for bills inclusive HMOs - bills paid by the landlord - removing all the admin headaches of multiple bills in multiple properties, but also ideal for averting World War III in student HMOs where they pay the bills themselves. Ian offered free Smart meters to everyone - these new devices could save you time and keep you in control of your portfolio. Anyone interested in Glide or the Smart meters should have a look at the Glide website to retrieve quotes and to register your interest glide.uk Our Prize Draw prize this month was a complimentary ticket to the one day Property Investors Quick Start course, worth £497! Now THATS worth booking more than 24 hours in advance! In fact, do that now before you forget; swanseapin.co.uk Congratulations to the Winner, Ros May, who managed the impressive trick of pulling her own name out of the hat - and then even offered to put it back! Not at all Ros, you go along and enjoy the course, just teach us how to do that too! :) The Networking session was abuzz as everyone tried to meet at least two new people, and we had both locals and investors in Swansea from as far away as Norfolk! It was hard to settle back down again, but when we did we were treated to a very inspiring talk from our second speaker Paul Ribbons. Paul shared with us how a near-fatal property deal created a very lucrative exit strategy that has netted him and his J.V. business partner six figure sums each and every year ever since. His exit strategy is amazing; buying properties from the open market, distressing them (yes, distressing them!) and then selling them on for more money. Its a strategy that is very relevant in todays market with investors clambering for deals out of auctions. Paul also gave us an insight into The ‘PAT’ System - a tool that you can use to spot potential deals immediately and he shared with us the 3 simple ‘RULES’ that have been responsible for 80% of his business on-line. Pauls talk was so full of great information and value that the whole room voted to go in to extra time so as not to miss anything! Paul has then even gone one step further - you can download your free copy of Market Mechanics now at paulribbons Swiftly wrapping up yet another high-energy pin meeting, our next one is Thursday 28th November which promises to be equally great. Book now at swanseapin.co.uk Bernie Wales will be presenting many secrets of making profits and avoiding pitfalls around Leasehold agreements, the ones most of us never bother reading! Also James Davies, CEO of Upad, will also be talking to us about how to harness the internet – 92% of tenants are searching online for their next rental, but where and how can I reach them? If youd like to meet up with me for a quick chat about property or networking during the month, feel free to contact me. Have a wonderful, productive month p.s Book now for the pin formal dinner which is on Saturday 30th November in Birmingham. This year is going to be extra special being the 10th Birthday Celebration year for property investors network. Please click here: pinformaldinner.co.uk to find out more information and to book your place before it sells out.
Posted on: Wed, 30 Oct 2013 15:16:26 +0000
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