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Friday, May 23, 2008

New Repossession Crisis Looms

It's interesting to see how quickly things change over just a
few months. The media are pointing out all the negative aspects
of investing in this market (I'll explain in a second why that's
actually a GOOD thing), repossessions are on the rise and the
finance situation has shifted dramatically - you'll be glad to
hear little and no money down deals are still VERY do-able
(keep reading and I'll show you how the professionals are doing
it).

For the last six years or so I've been teaching fellow property
investor's one thing and one thing only - buy well below market
value from distressed sellers and make sure you have a positive
cashflow from your overall portfolio. If you can do that on a
consistent basis you'll be fine over the medium to long term
in this business.

The people that I see falling over are those that think they
purchased below market value but really didn't (i.e. over
inflated new build apartments built in city centres) and
those who fail to manage their portfolio properly.

An example of the latter is where people have purchased
properties well undervalue to pull out a cash back. Often the
rental barely covers the mortgage payments. The investor
justifies this by explaining the cash back will be used to
cover the shortfall - using one loan to prop up the repayments
on another.



But The Cashback Is Often Simply Spent On A Car Or Lavish
Holiday And Not Reinvested!


Then the vicious cycle begins... More cashback deals are required
to keep up the mortgage repayments and fund the investors
lifestyle. This goes on until the accumulated debt eats the
investor alive and he goes under. This has happened to several
quite well known people recently.

Considering the fact that sensible property investment is one
of the safest long term investments you can make and
repossessions are going through the roof then...

Call Juswant on 07917 105134 or email on juswant.rai@gmail.com if you are interested right now in taking control of your future....

Watch the video first, follow this link:-
http://www.extrapaynow.com

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