Wealth Creation: Property

Becoming Financially Savvy Take Control of Your Finances Today…For A More Abundant Tomorrow

Wealth Creation: Property
5

December 10th, 2010LaviniaEntreprenuer, General, Interviews, Opportunities, Property, Robert Kiyoskai, Wealth creation

Continuing the Wealth Creation series that I started several months back, this post will be reviewing Property as a wealth creation vehicle.

Property, during the last ten years up to 2008, was the ‘golden goose’ of the UK. In that time, and off the back of the plethora of property programmes such as ‘A Place in the Sun’, Location, Location, Location, Grand Design, etc, etc, etc; many individuals became well off, some made a fortune and others became millionaires – the property entrepreneur and Secret Millionaire participant, Kevin Green comes to mind.

Saying that, and due to the credit crunch, it has also ‘broken’ a number of people financially! So is property still a good vehicle for an individual to create wealth? I say yes! But with anything there is a time for everything, so although it is no longer the golden goose of the UK, for some the goose is still laying eggs.

And one such person is the former actor and now property entrepreneur, Richard Shepherd, from Lease Option Mastery. In our interview he touches on some of the current property strategies sweeping the UK such as ‘Lease Options’, the traditional BMV, and finally Tax Liens. The interview is some months old but still very relevant to the property market today! So enjoy!!

40 minute interview with Richard Shepherd of Lease Option Mastery
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

To download your FREE copy of the 5 Lease Option PowerPlays as well as find out…
- How to know when exactly to use each one;
- How to source deals without the need for a deposit, mortgage or any kind of credit check;
- How to find tenants/buyers FAST – so you can get immediate positive cashflow;
- And they’ve even included example “Heads of Terms” for each strategy drawn up by a legal expert.
Then please go to – http://www.leaseoptionpowerplays.com/premanual.html

For further information on Lease Option Mastery and Richard Shepherd please go to the company Facebook group – http://www.facebook.com/leaseoptions, where I am sure he will be happy to answer any questions you may have in regards to his interview.

On a personal note, I am presently not creating wealth from property but instead gold! If you are unsure about how to invest in property or don’t have the funds to lose in the property market then gold is an alternative place to put your money, especially as it is both a protection and growth mechanism. You can then buy property with your increased gold later. One could look at this as a ‘delayed’ property strategy.

It is something to think about as property prices fall and gold rises! So why not buy gold now and then use it to buy property at a later date? During the hyperinflation years of Germany (click here for details) this is what many did and made a fortune by doing so. For further information on purchasing Gold please click here, as well as review the Money Week article entitled ‘What the price of gold reveals about UK house prices.’

Ultimately, many entrepreneurs in my network are applying various property strategies and techniques outside of the norm to make this particular wealth creation vehicle work for them. ‘Different strokes for different folks’ as the saying goes! So if you feel you can do the same, by working with those who know what they are doing, like Richard and his team, then this is a great vehicle for you to also create wealth.

Two interesting articles regarding the UK Property Market:

http://www.propertywire.com/news/europe/-uk-real-estate-outlook-201011264722.html

http://www.moneyweek.com/investments/property/moneyweek-roundtable-what-next-for-property-prices-50727.aspx

International Properties

If you are interested in international properties here are several that have come to mind. If they pique your interest then please ensure you carry out your own due diligence.

Caribbean: The beguiling islands of the Caribbean continue to entice and spoil the 100 million tourists who visit every year, so why not do as many savvy investors are doing and invest in a property or apartment within a luxury hotel resort in the Caribbean? http://www.magnate-property-enterprises.co.uk/ Next webinar: 25 Jan 2011 – www.tuesdaywebevent.com

Albania: An emerging European state with a lot of potential for those experienced in these markets – http://www.albaniapropertygroup.com/en/

Cadiz, Spain: A special place in southern Spain which is a beautiful to not only live but holiday – http://www.sierra-cadiz-homes.com/

Barcelona, Spain: A very popular and vibrant city which I regard as my adoptive city after living there for 4 years…Viva Barcelona! – http://www.bcnhousing.es

Finally if you want to become more financially savvy in property there are a plethora of information offline and online on property and how to make it work for you. Numerous events as well! I have listed a number below!

UK Property Resources

Rich Dad,Poor Dad Property events: Dec 11 – 18 and then continuously throughout the year.

Social Housing Expert

Tax Liens

Your Property Network

London Property Mingle

The London Property Network

Women in Wealth

Property Investor Network

Property Berkshire Meet

To Your Success and Becoming Financially Savvy!

Butterfly Wealth

P.S. If you like this post, then please comment, subscribe (to the left of the page) and share by clicking on the buttons below! Remember ‘Sharing is Wealthy!’

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Tags: berkshire property network, butterfly wealth creation, gold and property, lavinia osbourne, lease option mastery, lease options, lease options uk, property entrepreneurs, property versus gold, rich dad poor dad uk seminars, richard shepherd, uk property entrepreneurs, uk property Market, uk property networking groups, uk property seminars

Sam

Great blog… Love it. Thanks Lavinia
Lena Benjamin

I believe that if people genuinely want to make money from property then that is precisely what will happen whether that be in the UK, Caribbean, Europe or America. Deciphering which tools and techniques to use is an individual thing some people like to use lease options, some equity from their property, while others seek the support from family and friends to get the level of cash required to start their property portfolio. In any case if you are seeking information about how property can work for you, I am holding an information session (for women) on 26 January 2011 in Islington – Limited spaces – only 25 places are available.

http://www.facebook.com/lavinia.d.osbourne Lavinia D. Osbourne

Hi Lena,
Thanks for leaving the comment!
And you are right, as there are so many ways of making morning from property and different strategies in doing it, those who really the desire will attain their goals. Thanks for sharing your seminar info…it sounds like a blinder for us women!
All the best with it!

http://keys2home.co.uk Tomas

Well written post and an interesting interview.

Lease options is controversial way of acquiring properties.

Some people I know are so much up to this strategy they dedicate themselves fully to it and do nothing else; some take it as an alternative and use it with caution, when nothing else works. There also those who are entirely against it, for many reasons but mainly because there is no court precedence in he UK to base the judgement of lawfulness for such contracts.
There are many questions in this regard such as what if?: a vendor disappears or dies or if an investor is gone bankrupt and many more.

There is no right or wrong and it is not me to evaluate this, however. If both sides are properly represented and contracts are carefully written by an experienced solicitor there should be no legal issues. The biggest problems seen are in details, complexity and uniqueness of every contract and this is why it should be left to professionals and as you rightly said: “… those who know what they are doing, like Richard …”

http://www.facebook.com/lavinia.d.osbourne Lavinia D. Osbourne

Great comment post Tomas…very analytical and gives a great overview on the subject of lease option. Thanks for that and adding that! I am sure it will help those who are looking to be more informed.
Best,
Lavinia