Following her article ” Stop Waiting for a Good Time to Invest in Real Estate” she has opened up her real estate investment course to all my readers.

Her popular course will give you access to her safe, smart and systematic methods on real estate investing.

If you are looking for an early retirement,  coupled with a safe and secure income, click here,  and find out if the methods outlined fit in with your cautious approach to rental property investment,  and how to create an income.

As a special gesture, Julie is offering a 10% discount on the cost of her course if you use the following coupon code BUILDARENTAL.

For extra reassurance, you have the protection of a full 60 day money back guarantee.

If you want to be coached by a real estate millionaire click here and remember the 10% discount with the coupon code BUILDARENTAL.

I hope you can soon be writing to me with details of your success with this course!

The ability to have access to a robust,  efficient and easy to use system  for obtaining potential tenant / renter  references is a fantastic tool for landlords … it avoids wasting so much time trying to spot the problem tenant / renter,  and gives  American landlords the  protection their business needs.

So much to do  ..  so little time!

Over 75% of rental company’s and landlords either do not have the time available to carry out a comprehensive credit check on their potential tenants,  or they just plain don’t know what to do to get a proper check done on their potential tenants / renters

Does this sound a bit like you?

You can be an independent rental owner or a small property management company.

You want access to the same comprehensive databases and powerful analytical systems used by large commercial property management firms.

You want to gain access to these powerful referencing systems instantly

You want easy to use, instant online access to a referencing service that allows quick payment by either yourself or the applicant.

The Solution

A major player in the referencing market called TransUnion SmartMove can give you the answers to your worries about potential new tenants

All you do is quickly create an online account by consenting to the electronic agreement sent to you by the TransUnion SmartMove …. Now you are in business!

Why will this system work?

With expertise in 25 countries spread over five continents, TransUnion SmartMove knows how to develop local relationships to increase their service to you, the landlord.

TransUnion SmartMove regularly consults with local legislators and local businesses to increase awareness of the central role that credit reporting plays in both stable,  known economies,  and emerging economies.

This benefits landlords directly by ensuring rental businesses can quickly screen tenants and, most importantly, quickly weed out the potential problem tenants.

TransUnion SmartMove provides results within hours.

500,000,000 consumers is a great recommendation!

TransUnion SmartMove has experience of maintaining credit histories for an estimated 500 million consumers worldwide

TransUnion SmartMove’s criminal database is continually updated and is available 24 hours a day, seven days a week.

Is it that easy?

Yes!  The system you get instant access to, is designed specifically for independent rental owners and smaller property management groups.

It  combine powerful analytics with a comprehensive database of credit and criminal background information to offer you the same technology used by the larger property management firms in an easy-to-use, cost-effective solution.

What is it you will get?

You will have access to the industry’s first web-based rental screening solution.

What is the process?

The referencing is all done online.

You simply enter your prospective tenant’s / renter’s email address into the system…  an electronic request is immediately sent to the prospective tenant / renter asking for their permission to proceed, and verify their identity.

You, the landlord, are then sent a comprehensive, reliable screening recommendation and results direct to your account.

You can now make a reliable leasing decision backed up by the solid data and predictive scores provided by TransUnion  SmartMove.

The process in America is quick and comprehensive!

TransUnion Smart Move has full access to the following referencing databases which are essential if you want to produce a comprehensive and accurate referencing report for anywhere in America:

• America’s most wanted
• FBI’s most wanted
• More than 15 terrorist databases
• National; Sex Offender Public registry
• Us Marshals Drug Enforcement Administration
  • U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF)
  • U.S. Secret Service
  • U.S. Customs and Border Protection (CBP)
  • U.S. Office of Foreign Assets Control (OFAC)

I would say these are 9 great reasons to be confident in the accuracy of the report.

Protect your business and your investment

TransUnion SmartMove helps you chose, the most qualified tenants by the following steps

• Gathering of credit data: TransUnion SmartMove looks at lines of credit provided by financial institutions, collection accounts, bankruptcy proceedings and other public financial records are all made available for the screening system.

• Additional risk factors— TransUnion SmartMove then accesses comprehensive criminal background data and also examines income-to-rent ratio, payment histories, criminal, terrorism and fraud databases.

• Advanced analytics— TransUnion SmartMove now applies highly predictive modelling to the collected comprehensive screening data to determine the risk level for an individual who wants to rent one of your properties, or for a group of applicants wanting to be your rental tenants.

• Credit report—TransUnion SmartMove provide you with an easy-to-read credit report,  which  highlights specific tenant risk factors.

• Tailored recommendation—using proven credit data and advanced analytics, TransUnion SmartMove provides a simple, straight-forward leasing recommendation based on your specific property’s risk criteria.

What do landlords receive?

• Landlords are provided with immediate access to tenant screening tools that leverage one of the largest credit, criminal and eviction databases in the industry.
• TransUnion SmartMove gives independent property rental owners access to the same tenant screening used by the largest property management groups

What do Tenants / Renters receive?

TransUnion SmartMove gives renters /  tenants the ability to apply for a lease while protecting their personal identifying information.

Tenants / Renters gain the security of providing their personal information directly to TransUnion Smart Move —in a safe and secure online environment.

When they use TransUnion  SmartMove, they provide their Social Security number directly to TransUnion Smart Move —not to an unknown landlord.

TransUnion Smart Move verifies their identity and provide the landlord with a leasing recommendation, credit report and criminal history.

The landlord does not see personal identifying information such as Social Security number or bank account numbers.

The system used means that the potential renter’s / tenant’s sensitive information remains safe with TransUnion.

Plus, the renter’s / tenant’s credit score is not impacted when they use TransUnion SmartMove.

This is unlike when a landlord or lender retrieves your credit report,

TransUnion SmartMove lets the renter / tenant be the one to initiate the request for their own file to be sent,  making it a ’soft hit’ on your history, which doesn’t impact your credit.

Simple and transparent
There are no monthly service charges, set-up fees or other hidden costs with TransUnion SmartMove. Landlords simply choose whether to pay for the screening themselves or enable the applicant to pay directly.

Standard Pricing gives such a lot

For the standard price of $25 the landlord receives:

• Credit-based leasing recommendation/security deposit recommendation
• National criminal report
• Renter fraud warnings
• Automated renter identity verification

For an additional $5, the landlord may also receive:

• Immediate access to a credit report (a complete report formatted for readability while still keeping the renter’s personal data private)
• Viewable credit score
• Renter fraud warnings
• Detailed rental address history

Cut costs and Save Time!

TransUnion SmartMove definitely are at the cutting edge of computer technologoy when it comes to being able to deliver what Landlords and potential Renters / Tenants want in America!

The outlay involved is very reasonable compared to the hassle and heartache a bad renter / tenant can give your business.

Reduce the 75%

As already mentioned, there are a large number of people involved in property rental who do not carry out sufficiently comprehensive referencing checks on their potential new Renters / Tenants.

TransUnion SmartMove gives you the opportunity to quickly and easily access a superb online tool designed to help you reduce your stress by giving you  the ammunition you require to make a quick and sound business judgement with a complete referencing report to back up your decision.

Lease Agreements

As a responsible landlord, of course you want to know you have a secure lease agreement in place for your American rental property.

Lease agreements will  work for houses to rent, apartments to rent and rooms to rent. (Click here for immediate access)

Compliant Lease Agreement Forms

Here, you can get immediate access to compliant, easy to use, Lease agreements for any state in America.  These forms can be instantly downloaded and printed. (Click here for immediate access )

Protect your business

Protect yourself and your business by using legally binding lease contracts for all your rental properties. (Click here for immediate access)

Sub Lease protection for Tenants / Renters

If you are a tenant / renter and you want to sublease all, or part of the property you are renting, look no further for a properly drafted, legally binding sublease agreement. (Click here for immediate access)

Commercial Lease Agreements

If you area landlord with Commercial Real Estate and you want to rent it out,  make sure you have a Commercial Lease Agreement in place that protects you from unscrupulous tenants. (Click here for immediate access)

Eviction should be done Legally

If you have to evict a tenant, make sure you use a proper Eviction Notice, requesting the tenant vacates the property, delivering control of the property back to you, and explaining the reason for eviction in plain English as there has been a breach of the Lease Agreement.

This type of properly worded Eviction Notice is available if you click here.

You will have advertised your rental property, and you will be starting to take enquiries for it.

How do you screen those enquiries and sort out the wheat from the chaff?

(1)  Always put the Family First!

I always put great store in existing tenants referring a family member to us for an empty property, or a mother or father referring their son or daughter for an empty property.

It would be good to only have these kinds of tenant, however, there are many times when you have an empty property and you want it filled ASAP.

(2)  Shut up and Listen!

Firstly listen to them on the phone, and listen to background noises. If there is a lot of noise in the background it means they are not thinking about trying to create a good first impression and this sets a wee alarm bell ringing.

(3)  Gut Instinct and First Impressions

When you meet your potential new tenant their appearance and clothing and mannerisms can tell you so much and help you decide if you want them as a tenant.

Punctuality is also another factor to lodge into your overall mental impression of the tenant along with other areas already mentioned.

What you have to realise is the fact that a lot of your decisions to take a person on as a tenant come from first impressions and your gut feeling.

These two factors are very important to take into consideration when assessing a potential tenant.

(4)  Previous Landlords and Previous Addresses

Previous landlords are important, although you have to decide if what they are saying to you is truthful or just a plain convenience story to help out their friend who happens to be the applicant for the tenancy!

If their previous address is not too far away, you could pop by and just get a feel for the condition of the property.

(5)  Use the Credit Check for more than just a Credit Check!

A credit check is always, always a good idea.  They are not too expensive to carry out and you should insist on payment upfront for the reference fee,

This type of check should include a name check, an address check and an employment check.

On payment of the reference fee, you can tell them that the property in question will be “on hold” until the tenant credit / reference check results come back to you.

Payment of the reference fee shows commitment on behalf of the tenant and confidence in their ability to be able to produce a clean set of results for the credit / reference check.

(6) Is their car a Rust Bucket or a Showroom Model?

If possible try and see the type of car they have arrived in, and make a mental note as to the condition of the car.

(7)  Thinking time to change your mind

If potential tenants view a property and immediately say they want to rent it, it is never a bad thing to give them at least 24 hours to think it over.  It is amazing how often a “Yes I want it” can so quickly turn to “I’ve changed my mind”.

(8)  Is the Rent Affordable?

If the potential tenant is working they will be in a good position to pay the rent required.

If the tenant is not working, and in receipt of benefit payments of some kind, you have to make sure that these payments will come to you, and that they will be enough.

Should the benefit payments not be enough to cover the entire rental payment, ask them how they plan on making up the shortfall each month?

Vague answers mean they don’t know, or they haven’t thought about!

(9)  The Deposit

This is an important part of deciding if the tenant is suitable or not.

If the deposit is readily available, the potential tenant scores a maximum 10 / 10! This is a good indication that the tenant will be acceptable.

Having the deposit, gives you, the landlord many reasons to feel comfortable.

If the deposit is not available, and the tenant asks to pay it up over a number of weeks or months, will leave you in a vulnerable position.

What happens if the property is damaged and there is no deposit and the tenant absconds?   …   Who pays for the damage?

If you need the property rented and you only have this type of applicant, make sure you have at least one and possibly two, guarantors in place.

(10)  The Role of Guarantors

Guarantors can be former employers or family.  They will be responsible for the non payment of the rent.

This helps to keep the tenant from being late with their rental payments and having the embarrassment of knowing that we will contact the guarantors who will then contact them, and tell the tenant to pay up!

Brieff summary

Having gone through the above list and obtained the information mentioned, you have the ammunition to help you come to an important decision, which is backed up by a variety of “cross checks”.

You will not always be right with your choice, but you will certainly have every reason to believe that you are right!

If you click here you will be taken to a leading quotation and policy administration service with the following:

• extremely generous policy cover conditions.  click here
• set at very competitive premiums.   click here

The range of benefits you will have access to includes :

• Highly competitive premiums with discounts for ‘low claims’ & multiple premises;
• Comprehensive cover with high policy limits and Legal Expenses as standard;
• A wide range of optional extensions including subsidence and terrorism cover;
• A rapid quote service with access to knowledgeable Underwriters and key decision makers.

On top of the standard insurance features, you can choose from a range of optional extras to create the right level of insurance cover to suit your rental property needs.

For your Rental Property Insurance click here

The policy can accommodate multiple locations and both residential and commercial properties on a single policy and is specifically designed both  for Landlords and Buy to Let Owners who own or manage residential or commercial properties and fall into the following categories ;

• Are responsible for insuring the building or freehold;
• Let properties with tenancy agreements of six months or more;
• Let properties to residential tenants who are not DSS beneficiaries or Asylum Seekers;
• Let property for commercial use; or
• Have a mixed portfolio of commercial and residential properties.

The insurer appreciates the fact that owning and managing a let property presents its own unique set of challenges, and their policy reflects this. click here

As a landlord you will want to ensure that you are getting the right cover for your various properties.

The Rental Property policy offers high quality, competitive cover designed for landlords with the built in flexibility to cater for either single or multi-property portfolios of either residential, commercial or mixed occupancies.

Rental Property Insurance cover includes:

• Loss of Rent – limit of 20% Buildings sum insured with a 12 month indemnity period for residential properties;
• Cost of Alternative Accommodation – 20% Buildings sum insured;
• Property Owners Liability – Standard Limit of Indemnity £2,000,000;
• Legal expenses £100,000 in any one claim, £1,000,000 total cover; and
• 24 hour Legal Helpline;

You can also choose to add these great options for extra peace of mind:

• Landlords Contents including communal areas;
• Accidental Damage on Landlords Contents;
• Accidental Damage on Buildings;
• Subsidence;
• Increased limit of indemnity on Property Owners Liability;
• Employers Liability for clerical, caretakers, gardeners and maintenance people – Limit of Indemnity £10,000,000; and
• Terrorism cover.

For your Rental Property Insurance click here for cover to suit you and to suit your pocket!

Areas to Invest in for  Rental Property Purchase

(a) London and 6 other  parts of the UK  ..  update (b) International property rental hotspots  .. 6 areas in Morocco..   update In my first article about places which are worth considering for Real Estate Rental Opportunities  ”Where is a good place for real Estate Rental Opportunities”  I covered a number of reasons that can influence the housing market. The more knowledge you have about the local market you are interested in, the better. Many factors affect the price of rental property and their “rentability”. These factors do not apply to one country as they are relevant in any country where rental property is being bought. Now I am going to look at London plus 6 other “hotspots “ in the UK . All these areas  are at the first to be showing signs of “lifting their heads above the parapets” when it comes to increasing demand for rental property. I am also going to look at 6 areas in Morocco, and the rental opportunities that are found there.

(a)  London and 6 other parts of the UK  ( August 2009 )

Currently London is still very popular for property to rent. There are not many quality, furnished properties available, and the trend is for more people to be looking for unfurnished accommodation. The “hotspot” in London at present, for rental property is the East End of London. Recent Survey of England and Wales (August 2009) A recent survey has indicated that the following 6 areas are worth looking at for property purchase:

• Bagshot in Surrey,
• Liphook in Hampshire
• Salford in Greater Manchester
• Gateshead in Tyne and Wear
• Dronfield in Derbyshire
• Ebbw Vale in Gwent

5 Year Growth predictions: Houses : Ebbw Vale (Gwent) 50% Liphook (Hants): 48% Bagshot (Surrey): 44.5% Shefford (Beds) 44% Dronfield (Derbys): 36% York (Yorkshire) 35% Ellesmere Port (Ches): 33% Salford (Manchester): 32% flats & maisonettes: Bagshot (Surrey) 49% Liphook (Hants): 48% Abergele (N Wales): 45% Gateshead (Tyne & W) 33% Altrincham (Cheshire): 30% Why? “Why?” is the obvious question to ask here! In all the above areas, property prices are being predicted to rise quickest over the next 5 years. Each of these areas is showing the following trends

• Growth in local employment opportunities
• New infrastructure projects which will bring employment and better access to these areas
• Increased demand for housing in these areas
• Valuations are “at the bottom” and are starting to rise
• Cost of borrowing is now lower and more attractive
• It is anticipated that house prices will increase by up to 50% by 2014

Please bear in mind that the above price rises are less than the annual prices increases, of up to 30% that were experienced prior to the “credit crunch” and the collapse in housing values. The price increases quoted are realistic and reflect the current state of the property market, although certain properties normally are able to maintain value better than other property types. Most popular property types The most popular property types still are 2-bedroom terraced homes and 3-bedroom Victorian properties. The popularity of rental property like these is increased even further if they are close to good schools, with good amenities and access to train stations.

(b) International property rental hotspots  .. 6 areas in Morocco

This section is going to look in detail at an International country and the areas in that country which seem to be most likely to provide opportunities for rental property portfolios. Morocco : August 2009 Where is Morocco?   ..  It is located in Northwest Africa with both Mediterranean and Atlantic coastlines. It has become a major holiday destination with Tangier as the main passenger harbour in the country. Morocco has currently been attracting interest from property buyers all over the world. The country is fast becoming one of the major holiday destinations in the Mediterranean as it is an exotic location with extraordinary natural and cultural wealth. In this thriving country,  you have a definite choice of climate!

• For a warmer climate chose the Mediterranean coast
• For great wind sport conditions choose the Atlantic coast where you find the “Alizee” winds.

6 Rental property “hotspots” in Morocco (1) Essaouira   (2) Marrakech   (3) Rabat   (4) Tangier   (5) Fez   (6) Saida

1. Essaouira This city is the second most popular destination for homebuyers after Marrakech. Interestingly, property prices are said to have increased by over 200% in the past 4 years! It is extremely popular with film makers (Alexander by Oliver Stone and Kingdom of Heaven by Ridley Scott) It appears that guest house construction has been limited due to the increasing competition for the large hotel chains, but rentals are still a good alternative.

2. Marrakech Marrakech is known as the ‘entertainment capital’ of the country, and has long been the most popular tourist destination due to its year-round desert heat and huge range of tourist attractions. Rental property achieves occupancy levels of 85% or more, making it worth considering for a rental portfolio. Currently,  developers are buying up old houses in the commercial district of Gueliz.  They are knocking down these old houses and building modern apartment blocks  which are in great demand from people from Europe wanting a long week-end break holiday destination. Due to being such a popular destination, Marrakech has very high prices… Best option for value might be to travel into the surrounding countryside, find land and build on it. If you can build near the American school, new supermarkets and  the new 18 hole golf course, you will have a property in demand all year round for rental purposes.

3. Rabat Rabat is the capital of Morocco and has a varied population structure… It also has some brilliant golf courses which you don’t expect!

4. Tangier This a busy seaport on the northern tip of Morocco, with lots of activity in the local markets, a wonderful bay and superb beaches. The city is being transformed at present from an industrial city to a tourist friendly area. There are very good short term letting opportunities to be found here. Very interesting information There are plans to create a tunnel link between Morocco and Europe.

5. Fez Fez is the Florence of Morocco! It has superbly elegant and extravagantly decorated houses.  These houses are part of the best preserved medieval medina in the world. Although it is somewhat quieter than other Moroccan hotspots, it is the ideal place to go to get your hands on a traditional home at a bargain price. Rental property prices can be 50% cheaper than rental properties in Marrakech.  Add to this the potential for an increasing demand for properties, which has seen property prices increase by over 20% every six months. Fez was  once the capital of Morocco. After 1912,  when  Rabat was built,  and hailed as the new  capital of Morocco, many of the inhabitants from Fez moved either to Rabat or Casablanca due to the trade opportunities that were presented 100 years ago. As a consequence,  many properties were suddenly empty and quickly became run down. Now there are many property types for sale. In many cases these properties   offer great opportunities for developers wanting to build exotic hotels, or for people who want to carry out a restoration project. Developing and restoration work is time consuming, and can be an expensive process. Before building work starts a building permit or ‘roska’ must be obtained from the local government office.

• There are apartments available for purchase in the old palaces which were once occupied by the rich trading families of Fez.

• Traditional un-renovated Dars (houses of varying size) are available from anything between £6,800 to £40,580.

• The traditional Moroccan house or palace with an interior garden is known as a Riad, and cost anything from £24,000 to £75,000. They are becoming popular properties to buy.

The fact that Riads are so sought after is reflected in their elevated prices, meaning it is often better to opt for Dars which are easier to attain and are therefore cheaper. The city of Fez should be viewed as an ideal location for long term capital appreciation. Those interested in taking advantage of the growing tourist industry should be cheered by the fact that the Moroccan Tourist Ministry have made it easy for foreigners to obtain licenses to operate bed and breakfasts. Whilst other cities have restrictions on such permits, the government’s aims for this area are as follows :

• To  encourage foreign direct investment,
• To bolster the tourism industry
• To renovate the medina in Fez

6. Saida This resort is only three hours by air from the UK, and enjoys a wonderful Mediterranean climate. Currently it is under construction by one of the largest developers in Spain and has a variety of villas, apartments and penthouses for sale. The increase in tourism is likely to create a situation where demand significantly outstrips supply, and at least over the next five years, capital appreciation should be very good. One bedroom apartments in this area are available from £52,600 and appreciation on these properties is expected to be strong. That concludes my August 2009 update on Potential areas for investment for  Rental Property Purchase

Over the course of the years that you own and rent out your rental property, you will undoubtedly be faced with wear and tear of the property.

If your sole aim from the property is to achieve the maximum rental income for the least expense, the chances are that you will ignore basic maintenance tasks and wait for major problems to occur before having to pay out cash for repair work to be carried out.

The above type of approach is okay, but it certainly stores up a lot of problems which can combine and have detrimental knock-on effects further down the line in the guise of not the best tenants,  plus, unnecessary tax payments to the IRS!

Let me explain

The property fabric has a value which is your “Equity“ when you come to sell.

In order to enhance the equity in the property you want to have the lowest possible mortgage loan (or even better no loan!) against the property.

That is quite obvious; however, the value of the property can be greatly influenced by the condition of the property.

A well maintained property will command a better value than a poorly maintained property.

A well maintained property will attract tenants who are more than likely going to help you look after the property and as a consequence reduce your overall expenses in keeping the property in good condition.

Before you start to worry about the cost of repairs to keep the property in a good condition you can take heart from the fact that you will be eligible for tax relief on the costs incurred in keeping your property in good condition.

Tenant-Paid Expenses

If your tenant pays for an expense on your behalf, this is considered income… for example; he pays for an emergency repair to the washing machine.

• Make a claim

Now, you can claim the repair bill for the washing machine as a rental expense.

Services from the Tenant

If agreeable, you may agree to forgo rent from the tenant in lieu of his time to,  for example, paint and / or paper the rental property.

Let’s say the rent was $650 a month, and you agreed to waive this rent for 1 month as his costs for carrying out the work.

• Make a claim

You have to include this $650 as income,  even although you did not physically receive the money, however,  like all good stories there is a happy ending here!…  because you can deduct the$ 650 as a legitimate expense!

Improvements are not always the best treatment!

Be aware of how the IRS view repairs to a rental property as opposed to Improvements / Renovations.

What is considered a repair?

Repairs include

• Painting,
• Fixing a broken toilet
• Replacing a faulty light switch
• Depreciation
• Insurance
• Taxes
• Lawn care
• Tax return preparation fee
• Losses from causalities (hurricane, earthquake, flood, etc.) or thefts

Repair and taxes

A repair keeps your rental property in good condition and is a deductible expense in the year that you pay for it.

What is considered an Improvement Renovation?

Improvements can include a new roof, patio or garage.

Improvements / Renovations and taxes

Improvements add value to your property and are not deductible when you pay for them. .. read that again … Improvements add value to your property and are not deductible when you pay for them!

The cost of recovering the improvement / renovation costs have to be depreciated over the lifespan of the property.

Do not Repair .. do not pass go .. do not collect $ 200.00!

If you leave repairs undone, and the problem starts to become worse and worse, you may find that the repair suddenly is classed as an Improvement or Renovation by the IRS

As stated earlier, Improvements are not deductible when they are paid for … you have to depreciate the cost of improvements over the property’s lifetime.

Recap on Repairs vs Improvements / Renovations

So, with Repairs you get immediate tax relief if claimed for in time…. This can make your IRS bill so much better to read!

Whereas your Improvements / Renovations don’t qualify for immediate tax relief and your IRS bill will look worse!

The IRS does give you a certain degree of flexibility with regard to the items you can class as either repairs or improvements.

Whatever you are claiming for, you have to be able substantiate your claim by producing receipts.

It is also important to remember that money spent on Improvements / Renovations could be set against your taxable liability when you come to sell the property.

Keep good records and always keep receipts.

There are other areas to consider with regard to taxes, and these include

• Security deposits
• Mortgage expenses
• Travel expenses
• If you own a rental condominium or cooperative, each has some special rules.
• Are you a passive real estate investor?
• Are you a real estate professional?

Do your calculations and consult with a qualified tax adviser to make sure you are doing the right thing and paying the least taxes!

Become involved from any computer in the world!

A massive attraction with this system is that you could be in China,  Russia,  America,  in fact,  if you have access to a computer from anywhere in the world,  you would be able to “tap into “ this lucrative market and make Tax Free profits !

The author managed to build a rental portfolio worth over £ 1 million in only 8 months!

All the properties were in his name, and he achieved this without having to access his own savings for deposit purposes.

Now, he is in receipt of regular monthly rental cheques plus he is able to benefit 100% from any increase in property value of his rental portfolio!

The great thing about this concept is the fact that you don’t have to be a seasoned real estate rental entrepreneur!

You don’t have to have years of experience, as this rental property method has turned people like  entrepreneurs, students, home-makers, grandmas, 9 to 5′ers, ex-supermarket employees, as well as top-flight executives.. all into wealthy property owners!

You don’t need any working capital.

If you can read and speak English, punch numbers into a computer and dial digits on a phone… you can pull profit from the UK property market.

Apparently many people are crying out to off load their properties at reduced prices, just to release capital held within the value of the property!

In fact, it has been known for payments of several thousands of pounds to occur… just for signing legal documents that move the ownership of real estate into your name.

And what’s more, you can extract this cash legally and tax-free… every time you do a simple signing!

60 days to turn a profit!

And what if the author of this book was to say that he guaranteed to help find your first property in less than 60 days flat… starting today, with no money down… and he promised to help get your first deal, free of charge… before you spend a penny?

This is no joke, or theoretical gimmick. In fact, the author has done it himself – many times over.

Secret information for Free!

Give this book the chance to make you privy to a secret for free.

This secret has catapulted the author into wealthy property ownership in only a few short months!

If you are someone new to real estate investing with a goal of being able to build a rental portfolio that will produce a rising rental income….. then this is definitely for you!

Property values increase over time.. it’s a fact!

Firstly, it is interesting and important to understand that real estate in the shape of flats and houses has doubled in value every 7 years.  That is a fact.

So, you gain 14% in value every year!  That certainly knocks bank interest rates at 2% or 3 % per year into a cocked hat!

You might have taken out a loan to finance your purchase, but you will still own the property after 7 years, and therefore you will also be the beneficiary of the increase in value.

Not that long ago,  when the real estate market was booming, banks were falling over themselves to lend up to 90% of the value of your home in the form of a mortgage!

You would have put down a deposit on the property, and hopefully got a tenant lined up from the moment you owned the property.

The above scenario would have meant that if you had done your sums correctly, your tenant would have paid sufficient rent each month to cover the mortgage

Times have changed!

Today’s economy has forced a huge change… but one that provides a huge opportunity for the smart investment (we’ll come to that in a moment)

In today’s turbulent property market… where houses can lose 10% of their value almost overnight due to scaremongering in the city, we find that many banks are struggling to stay afloat. .. no-one’s lending 90%. Why would they? That 90% they gave you could be worth MORE than the property in a few months time. There’s too little security for the banks to want to lend.

Current mortgage offers

Now, you’ll be lucky to find yourself with a 70% mortgage offer. That means you cough-up 30% of the property’s value on day one. Let’s see what that looks like…

The average home in the UK now costs £159,000 ( Nationwide source 09/08/2009 )  and thanks to the global credit crunch, the 30% required down payment (minimum!) would require a deposit of around £47,700…….. so you have a mortgage for £111,300 and are paying about £ 560 a month on mortgage payments.

I mentioned earlier that you probably had a tenant lined up, and if that is the case, it is more that likely that their rental payment each month will cover the £ 560 a month mortgage payment.  With a fair wind, you probably have some surplus income, which is very nice.

What happens with no tenant?

Now, let’s imagine the house purchase has gone through, and you are the proud owner of your first rental property, but you cannot find a tenant.

Einstein is not required to work out that in this scenario,  you, the owner,  are liable for the mortgage payment.

What this means is that you are forking out £ 560 a month on mortgage payments! … month after month until a tenant is found!

Buy without draining your bank account!

Luckily, there’s a way to buy houses that drains nothing from your bank account each month, and means…

No money out of your own pocket – ever!

For the record, when I’m talking about making money from property, I’m not suggesting you buy a bunch of houses and let them stew in the hope of some “future pay off” whilst you throw cash down the money pit.

And even if you finance it – you still own it.

The bank pays for the property, but while the bricks and mortar increase in value over time, the loan on the property stays the same… and it’s you that benefits from the swelling value.

So why aren’t more people investing in property?

Like most things in life, there’s a catch.

In a rising market, when houses are shooting up in value, the banks are only too eager to lend you 80% of the home’s value in the form of a mortgage.

The kind of property deals the author does himself follow the criteria outlined below…..

(1)  Make money NOW… as in, from day one

(2)  Require no money down. He doesn’t commit a penny of his own cash… not even as a deposit

(3)  Have ‘built-in’ equity… from the moment he pens his signature on the loan

(4)  Swell in value in 18-24 months… and will double inside of 5-7 years

(5)  Pay for the mortgage every month, without fail… automatically

Now,  to be serious,  if you have just read the above you will be thinking “ what a load of rubbish to expect to find a property deal that ticks the 5 boxes above!”

You will be correct  99.9% of the time!

However, because 99.9% of property deals don’t fit this criteria,  the 0.01% that do, are the reason why the author is so successful!

He has discovered a system of unearthing an endless supply of the ones that do fir the 0.01% criteria… literally, hundreds of them a MONTH, ripe for the picking.

It works so well, that he doesn’t even look for them any more… they find him!

Suffice to say… This strategy is different.

You won’t find these deals packaged on any website… and most estate agents you speak with will not even realise they exist.

In fact, to most property investors, this corner of the market is completely unknown.

This strategy remains largely untapped, because so few people know how to make it work for them.

It is interesting to note that the author is still buying houses today using the exact same method that built his first £5 million portfolio.

And he still has not spent a penny out of his own pocket.

Rentbacks.. this is a whole different approach.

The author concentrates exclusively on “rent backs” – sellers who are motivated to give away their properties at rock-bottom prices, and remain living there (and paying rent!), all the while being funded by the authors close-knit financing group.

• You can purchase bargain property, at prices you won’t find listed with any estate agent, or on any website.
• One deal the author did recently saw him become the owner of an end-terrace house, worth £85,000… for a mere £25,000!
• You need none of your own money. Because you’ll be purchasing way below value, you’ll qualify for 60-80% loans, meaning – no upfront deposit of any kind from you (And this is PLENTY enough to cover you, since you’ll be buying so far below value that you’ll need none of your own money).
• You’ll have ‘built-in’ tenants. The author sources from properties complete with current owners who wish to stay there. These owners are prepared to trade their mortgage payments for long-term rental agreements. That is why you do not have the worry of  ’void’ months.
• You can re-finance these properties 18-36 months after you buy them, often for double what you paid… all the while keeping your ‘built-in’ tenant, and doing right by them.
• Most have instant ‘cashback’, meaning, the mortgage you receive from your lender is higher than what you’ve agreed to offer the existing owner. Go ahead, use it how you want… this money is totally tax-free, and is paid back automatically by the market when you sell your house or rent over the longer term.

If you’ve been following along, there’s probably one burning question on your mind at this point…

Why would anyone give away their property so cheap?

It might seem like a tough concept to grasp, but there are quite literally thousands of people – right now – who would sell their home to you for tens of thousands of pounds less than they’d get from an estate agent.

Why would they hand over a hefty profit to you – a stranger – and not maximise its sale value?

If you list a house via an estate agent, you actually need to sell it. That part’s obvious. But what these people are specifically interested in is remaining there… i.e. they don’t want to physically move out.

Often, they want quick cash. They may have purchased the home years ago for 1/8th of what it’s worth today… and have a practical or sentimental reason for wanting to stick where they are.

Consider a recent purchase the author made …

A woman in her 70s had bought her house for £8,000 about 35 years ago. Widowed and without a family, she had no heirs to the home she would want to pass it onto… and in her advancing years, wanted to enjoy life a little more.

Worth £85,000 today, the author agreed to purchase her home for £25K cash… a lump sum that would  do wonders for her lifestyle… as well as allow her to live rent-free for the next 5 years.

It was win-win.

The author mortgaged the property for around £66,000 (76% of its value), gave £25,000 to the vendor, kept £20,000 aside to pay off loan payments for the next five years, paid all legal costs and extracted a tax-free ‘cashback’ bonus of £20,000 after all expenses.

She had lived in the property for decades, and knew every nook and cranny. Her sentimental attachment meant she’d take good care of the place… and it needed no extensive repairs.

The author then voluntarily replaced her fireplace and did a little cosmetic work… around £4,000 in total… since it was such a good deal. All it took was a phone call to a local supplier. The author was happy with his good fortune,  and felt that a small price for improvements was well worth putting into the property.  Thus the woman would be a happy tenant with the improvements,  and the author would benefit from increased property value prospects due to the improvements.

After 5 years .. what happens?

In 5 years’ time, if she still wants to live there, she’ll renew her lease and pay rent.

If she wants to move out (she had indicated interest in a retirement community), the author can sell the house or choose to rent it to someone else. History has indicated that the house will be worth close to double its original estimate five years down the line…

That’s £170K. After paying back the mortgage, legal fees, estate agent costs and advertising… even going through the “regular” channels… you are still looking at a cool £90,000 in profit!.

Oh, by the way… in case you were wondering… the author completed on that property on July 11th, 2008… a good 12 months after the newspapers were screaming “crisis!”!

The above shows what can happen if you are in the right place at the right time. Now, to be completely responsible, with all my readers,  please be aware that not every deal is quite so generous.

Typical “Cashback” achieved

The typical ‘cashback’ is in the range of £3-5K per, and equity is anywhere from £10-50K.

That’s the author’s average over the many deals he has done.

There will be deals that provide no immediate upfront cash benefit of any kind. But those are great too. What you have is a free house, that you own, that will continue to grow in value when this bottomed-out market slump starts climbing back north.

And your costs are covered every month by rent… so you’re never out of pocket.

The point is, none of these houses cost the author a penny to buy!

They’re funded entirely by mortgage payments. If the figures don’t add up, he will not buy in.

The house is always used as security, so the authors’ personal funds are never at risk…. so if something were ever to go wrong, the authors’ portfolio is immune.

And since 1954, houses have doubled in value every 7 years – religiously!

The author ensures all the deals he does have a solid long-term cover plan… so he is never paying a single penny out of pocket, from the moment he fills out the loan paperwork, to the time of its eventual sale… that could be an instant sale or a sale in many years time!

Secrets ‘they’ won’t tell you…

As I’ve mentioned, very few people are actively pursuing this sector of the market… and even those that are, aren’t making it so easy – or such fun!

The author has perfected a system for finding and closing fat-profit rentback deals that works TODAY for massive gains.

No matter what time of the day it is, he has at least a couple of deals at some stage in the pipeline… ready to send a nice, fat, tax-free payout to his bank account.

You should know, this isn’t something he spends hours a day doing. Once you know what to do, and that does not take long…. You will only need to work a few hours per week, tops.

Time is so precious, and he has made this business easy and efficient.

Could this be your strategy for cashing in on UK property NOW?

Let’s get down to the real reason you’re here.

If you have read this far you are certainly interested in how to make substantial profits from the UK property market.

That’s why you’ll be pleased to know the author has written a 136 page tactical exposé on how to build a million-pound property portfolio as quickly as he did.

How would it feel if you could actually be closing deals this week?

It’s called Free Crash Cash, and it’s a hardcore, no-fluff, down-to-action manual for making quick profits in property.

It’s designed to get you signing deals fast. The author is not interested in wasting your time and his time … so if you’re expecting a riveting novel that’ll entertain you for a few hours, before being left to collect dust on a bookshelf – this isn’t for you.

On the other hand, if you want a blunt, to-the-point training manual on EXACTLY what to do today to start making the phone ring with motivated sellers begging to give away their property to you… then you absolutely must have Free Crash Cash in your arsenal.

What does Free Crash Cash reveal to you?…

In less than two hours from accessing the guide, the author will show you …

•        How he went from £400 in his back pocket and a spot on a friend’s couch in Shepherd’s Bush in London … to £4.9 million pounds in property (page 5)

•        The 3 principles of successful property investing… miss any one of these, and you’re dead in the water! (page 6)

•        What’s the ratio of “phone rings” to “closed deal”? My average is… (page 9)

•        The ‘buy-to-let’ beater… this model virtually guarantees 100% property occupancy, and no ‘void’ months (the word is ‘rentbacks’ – now let me show you how) (page 15)

•        Three proven systems to have motivated vendors contact YOU (pages 17-37)

•        You will generate 80% of your property leads through ________ (page 18)

•        How to identify high-swelling property profits before you set foot through the door… these pictures show exactly the kind of house you’ll want to target (page 23)

•        How to prospect with flyers.. BUT, Make certain you visit THIS website before you do ANY leaflet distribution! (page 22)

•        NEVER post a leaflet through the door of a _____ (page 22)

•        The one-line newspaper blurb I use to recruit quality leaflet distributors, anywhere in the UK (page 24)

•        Automate your recruitment for property prospectors for less than £20, at www.___________ and then just copy this ad… (page 25)

•        Get motivated sellers by posting an ad on this website… (page 31)

•        How to get your phone ringing with people begging to give their property to you… in less than one hour (page 40)

•        Step-by-step guide to getting a lead capture page online in minutes… with no ‘web skills’ (pages 41-43)

•        How to scale your advertising nationwide… with no more effort than buying locally (page 45)

•        How to get people to answer your property prospect’s phone calls 24 hours a day… whilst you’re sunning it up on the beach. Just go to _______ (page 46)

•        To close deals faster, ALWAYS work toward a _____ (page 48)

•        Two strategies to decide in three minutes if a seller will do business with you (page 50)

•        7 magic words to say first on the phone that will get you all the information you need to know (page 50)

•        The VERY FIRST line you should always say to your motivated seller on the phone (page 51)

•        The 2nd, 3rd, 4th, 5th, 6th and 7th questions you should ask to close a deal… in exactly this order! (page 52)

•        How to value any property into the UK… without ever leaving your couch (page 52)

•        Discover the sale history of every house on any street… for free at www.__________ (page 60)

•        How the author cashed out £10,564.48 tax free on a £85,000 winner, which he almost let slip… thanks to this one little website (page 66)

•        How to see your investment from satellite – along with the entire street – without budging from your seat (you probably know about Google Earth… but do you know about this other site? – page 67)

•        5 real-life negotiation conversations with vendors (pages 67-81)

•        A special survival guide to killer negotiating over the phone… and face-to-face (pages 69-83)

•        11 more money-making negotiation strategies gleaned from first-hand experience

•        Stay ahead of the competition with this “unfair” strategy (page 75)

•        What can you afford to offer your motivated seller? Use this special formula, and you’ll know to the nearest penny (page 88)

•        Maintenance-free ‘buy-to-let’? How to shift responsibility to your tenant (page 89)

•        See over the shoulder of a LIVE deal the author recently completed… all cashflow calculations included (page 91)

•        Putting together your first real deal, calculating rent coverage, and making your offer – quickly (pages 91-100)

•        Learn from the easy, dumb mistakes that will cost you tens of thousands of pounds if you’re not careful! This alone is worth tens of thousands of pounds! (page 91)

•        The one thing you MUST DO to guarantee long-term cashflow in a rentback deal (page 111)

How much is a £4.9 million property portfolio really worth to you?

In 8 months, the author bought almost 5 million pounds in property… using none of his own money.

You need a system that works TODAY, right? Even 3 months ago is “ancient” in this fast market!

That is the power of the Free Crash Cash strategy.

The good news is……..

there are so many of these property deals when you know how to find them.  There are just too many.

That’s why the author has no quibbles with teaching this technique to a small group of select, serious UK property fortune-seekers.

………………………………………………..

The good news is…

You don’t need any experience with investing… or even with property. You don’t need to know a mallet from a wrench, have any clue on how to fix up houses, or even know the first thing about wiring a plug socket to make big profits from owning houses.

How much is this worth to you?

You will have probably heard of rental property workshops that charge  £5,000+ for the information you will find in this fantastic Online Book!.

However, the cost of the book is nothing like £ 5,000.

The price set for the guide is £37.00

It’s ridiculously cheap.

The reasoning behind this pricing is simple.  Hopefully you’ll turn to the author for some, or all your property investing needs.

Soon you will know a bit more about the systems and clients he is involved with.

You will discover that the information he has, is only disclosed to his closest friends, family members and, all his Free Crash Cash VIPs!

Some clients pay him thousands of pounds to do their leg work for them … this is a small price compared to the many thousands of pounds in profit his clients make!

As a special guarantee to new purchasers of the book,  Free Crash Cash,  the author is prepared to refund your money if you do not make your first deal within 60 days!

No hassle, no fuss, no risk. Can’t say fairer than that. You will find this information repeated on the instruction page.

POLITE NOTICE:

Free Crash Cash is intended for serious investors who want an accelerated, fast-track advantage for building million-pound portfolios as quickly as possible.

Time Limits

We know that Free Crash Cash is always published in small batches,  so I would advise you get in before the doors slam shut

When the stock runs dry, the author evaluates his available time and concentrates on the needs of his new Free Crash Cash membership.

Financing, consulting and high-end services… all keep him very busy with those new, serious investors.

It makes sense,  that high service levels can only be maintained by restricting numbers of new members.

One of the immediate plus points about Free Cash Crash, is the fact that it is an electronic book delivered to you ONLINE.

You achieve many immediate advantages, like NO Waiting, NO Shipping or Handling Charges, and,  obviously, you get Immediate Access to your guide once you have paid!

By know you know that your purchase also comes with a 100% satisfaction 60 days money back guarantee.

The Free Cash Crash guide is well worth adding to your portfolio of information sources for your own rental portfolio, and it really can put you in the right place at the right time, to let you start or increase your real estate rental portfolio.

I would urge you to get the guide by clicking here! It really is a fantastic concept which is working for an increasing number of people … so why not join them?

To help you make the right choice for your personal circumstances, I have listed below a number of the most common areas to be thought about,  discussed with your partner, your family and  with your potential landlord or rental agent.

Personal factors

The rental property you finally chose is subject to so many personal factors.  These personal factors include what your family situation is, are children, or more children planned for, is privacy an issue, is parking a problem ….etc.. The list can become quite lengthy!

Space and Privacy

A house gives you space.

Often the house will also have some kind of garden which is great if you need this space for your young children or your pets… or even both!

The outside space “garden area” often includes a driveway or parking area for your vehicle.  In fact, more and more families have more than one car, and parking within your own boundary walls may be a big incentive when trying to decide on the house that you want.

If the house is totally detached, you will have the most privacy.

Flat maintenance

A flat as a rental property means you will have low maintenance involvement.  The costs of maintenance tasks can be spread throughout the number of residents in a particular block,  and whatever the cost of a particular task,  it will be diluted greatly by the number of fellow renters in the block.

House maintenance

Obviously,  if you are renting a house,  you will have to consider the extra time and or cost requirements that will be part of your tenancy to keep the property and the ground within its boundaries suitably maintained.

It may seem trivial, but, a house has more windows to keep clean, more carpets to vacuum, more lawns to cut  and more garden to weed.

Maintenance Issues to Remember

When renting a house or a flat it is always prudent to check and confirm what maintenance you, the tenant, must carry out, and what maintenance tasks are the responsibility of the landlord, and, who is responsible for paying for maintenance.

Location and Location

A flat will give you a better chance of finding a place to stay in or near a particular prime city or town location.  Also, there is more chance of finding a flat close to your place of work.

Houses in town centres or near your work, normally tend to be few and far between, as family houses are usually found further from town centres and city centres.

Who is responsible ?

Often, if a house is being rented,  it is being rented by the owner,  and there is a good chance they are not fully up to speed on their responsibilities,  and,  the rights of the tenant.  Therefore, it is important that you, the tenant,  should know at least the basic rights you are entitled to before you sign your property rental contract.

Invasion from around you!

If you are living in a block of flats you are more likely to have infestation problems which are outwith your control.  Your flat may be clean and tidy, but infestations (like roaches or ants) may creep in from above,  below or from next door.

Heating

Normally you find that a flat is less expensive to keep warm due to the other flats in the block providing a kind of insulating effect and keeping your energy costs down.

A house will not gain the same energy saving effect.

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The information in this article will go some way to helping you make your mind up between renting a house or renting a flat.

The next article will look at lease contracts and what to look out for!

You have a number of factors to consider before you decide to furnish your rental property. **

Rental achieved

The rental achieved by letting a furnished property is slightly more than an unfurnished rental property, but often the difference in monthly rental is not huge.  You must therefore consider if the extra potential rent is worth the extra legislative responsibilities that go with furnishing a rental property.

People, who rent a flat or rent a house, often have their own furniture, or can get hold of their furniture.

A property that is unfurnished often includes “White Goods” in the kitchen .i.e .. fridge,  freezer, washing machine and cooker.

The tenant then purchases their own furnishings, which can go with them if they decide to move on to another rental property at a later stage.

(1)  Furniture suffers from wear and tear.

Before you let your rental property,  it is important to draw up a detailed inventory which notes the condition of the property,  and the furnishings before the tenant moves into the rental property.

Photographs can help quickly identify and prove any major changes in the condition of the furnishings or decoration of the rental property.

Should damage to furnishings or decoration occur during the tenancy, this can quickly be spotted by checking the inventory. You have to differentiate between wear and tear ( which happens anyway ) and damage.

Who pays for damage?

Having established the fact that an item, or items of furniture, or major changes on decoration in your rental property have occurred, the tenant should be obliged, under the terms and conditions of the lease contract, to cover the costs of repair or replacement of identified items.

The advantages of Regular inspections

Regular property inspections during the course of a tenancy means that any damage can be quickly spotted, and a quick solution put into place to return the item of furniture or décor back to its original condition at the tenants’ expense.

At the end of the tenancy, a final inspection is made and assuming all “problems” have been attended to during the course of the tenancy, the tenant will be entitled to a full return of their deposit.

The above helps to illustrate the importance of as number of factors you should consider when starting to rent your property:

• Always ask the tenant to sign a detailed inventory when they move into the property
• Always ensure the rental contract has a regular property inspection clause.
• Always ensure that the tenant pays a deposit when they move into the property.

Legislative requirements for the property owner.

I draw your attention to my article titled “Your First  Rental Property”  and suggest you familiarise yourself with the legislative requirements a landlord is under when letting a furnished rental property.

Electrical appliances .. some comments

It is important to remind you here that small electrical appliances,  like TV’s, radios, toasters, kettles and microwaves are items which tend to regularly fail because they are in constant use ( washing machines tend to be more robust)

It is up to you if you want to supply these small electrical items. Please be aware that if you supply a TV,  and the tenant does not apply for a licence,  you,  yes you as the owner of the rental property,  are responsible for the licence…. So, make sure your tenant applies for one, or you remove the TV!

Items covered under the Furnishings Legislation

The regulations apply to the following items which should have a suitable permanent label attached.

• upholstered furniture
• single beds, double beds and bunk beds
• headboards and mattresses,
• sofa beds,
• futons and other types of furniture that can covert to a bed.
• nursery furniture, garden furniture suitable for use in a dwelling is also included
• loose furnishings like scatter cushions and pillows
• non-original covers for furniture.

The following items fall “outside” these regulatory requirements

• antique furniture or furniture made before 1950,
• bedcovers including duvets, loose covers for mattresses,
• pillowcases,
• curtains,
• carpets
• sleeping bags.

If an item of furniture in your rental property does not comply with current legislation, it must be removed before the tenancy begins.

There are tax advantages to be had here!

A plus point about furnished property is the fact that there are tax benefits available for general wear and tear, and also for the cost of replacing furniture and appliances.

It is always advisable to check with a qualified tax advisor to ensure you are claiming all your tax allowances for the furniture and maintenance in your rental property.

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I hope you have found this article useful.

Next I  and will go on to cover the advantages and disadvantages of renting a flat as opposed to renting a house in the next article.

** (please note this article is referring to long term rentals and not holiday lets of 2,3 days or 2 or 3 weeks.)