7.3% yield on this great 3 bedroom ground floor flat in Bournemouth

Now, when I see a great Buy To Let deal in the market I like to let you guys know first no matter what agent is selling the property. Well we have just taken on a large 3 bedroom ground floor flat in Luckham Road, Bournemouth which has huge return potential for those looking to rent the property out - so I thought it would be worth sharing with you even though it’s one of my own (I won’t be too biased – promise!)

This ground floor flat comes recently refurbished and pretty much ready to let out straight away for the investment buyer. It is a spacious property where all 3 bedrooms are doubles and comes with a large garden making it a perfect family home.

The best FREE resource for property investors to get great deals

One of the most popular strategies for property investors when buying, is to buy below market value (BMV) or find properties to which they can quickly add value to before renting the properties out. This allows investors to do 2 things. Firstly it allows you to be protected against any fluctuating property prices and prevent the dreaded negative equity. Or secondly you could re-mortgage further down the line and take money out to reinvest or buy a new car etc. So what if I said I have a FREE resource for everyone to use to actively find them these great deals?

There are a number of reasons why someone would want to sell their property Below Market Value. Maybe they are going through a divorce or the seller has debt issues or even bereavement. We call these people ‘distressed sellers’ and one thing most of them have in common is they want to move quickly. There are of course other reasons for selling BMV such as selling an un-mortgageable property etc. and you would need to approach these differently as the motivation is different (e.g. they do not necessarily need to sell fast and price may be more of a consideration).

Why NOW is the best time to buy Bournemouth property!

I often get asked by aspiring property investors – when is the best time to buy property? There is, as you may have noticed, a huge amount of negative press at the moment aimed at property investors. Stamp Duty increases, mortgage interest relief restrictions, the impact of losing tenant fee’s… Everything seems to have come at once and it is very easy for potential investors to be put off. But is now really a bad time to invest in Bournemouth property? Or could NOW be the perfect time?

There are a lot of properties hitting the market over the last few months from landlords looking to sell and avoid the tax changes to mortgage interest rate relief - which could even see some landlords paying tax on profits they are not even making! That alone is enough to make anyone want to sell up.