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Build up a property portfolio
HBF InvestmentsMay 02, 2012 12:11 BST
HBF Investments brokers properties selling at up to 27% below market value and then will manage the rental of the property on your behalf.
One of the awful effects of this ongoing recession is the fact that many people can no longer afford to live in the houses they bought in the good times. Many have tried for months to sell at prices they might have been able to attain in the good times and may even have reduced these prices to more realistic market value prices. But the market is slow and if they are truly desperate to sell then they may well accept prices well below market value if they can get a quick sale.
This is an area of speciality for HBF Brokers. They have now built up a personal portfolio of over 150 properties and have sourced deals on about 1,000 Below Market Value house sales for others as a Property Investment. Once they negotiate a deal they are free to pass it on to any one of their investors who is interested. But the deal they negotiate is exclusive to them and cannot be obtained from an Estate Agent.
Now these Property Investment are buy to let investment properties and are not really to be seen as a house for the investor to actually live in. HBF Investment Properties aims at a niche where the houses have a RICS valuation of between £75,000 and £150,000. Usually in or near big cities such a Birmingham, Liverpool, Manchester and Leeds in popular estates where there will always be a demand for rental accommodation.
HBF properties is never satisfied with a discount off that RICS valuation of less than 21% and their average is 23%. Which are very good bargains and very difficult to achieve on your own or buying at property auctions. With many of the deals the properties are already tenanted or there are tenants lined up and thus there will be minimal time between the purchase and taking title to the property and beginning to receive rental income.
With all deals listed on the Website each of the investment properties are detailed to allow the investors to see the property details and photographs and get an idea of the purchase price they will be paying, the equity what the mortgage repayments are likely to be and what the rental achievable is, thus a show of positive cash flow from the date of registration.
HBF properties itself charges a flat brokerage fee which is payable up front. The investor is at liberty to view the property and has a 48 hour cooling off period should he wish to back out of the deal.
HBF properties will arrange the mortgage for you from their panel of mortgage providers and will also ensure that the legal side is handled by their attorneys.
So if you are serious and wish to build u a property portfolio with excellent cash flow returns then register as a potential investor on the website and watch for the deals as they appear.
Press Release HBF Invesments
11 Westbank Road
0151 651 1947