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copyright Crimson Investment Properties 2010 All rights reserved | The word crimson is a trade mark and used by kind permission |
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BMV Property
"Discover how to build your own profitable discounted property portfolio"
Auction Property
"Over ¼ million properties are sold at auction each year - Spotting which property is right
for investment is an art"
Lease Options
"Acquire a vast property portfolio income without actually owning it! It's easier than
you think"
HMO Property
"Big house - Think big income. You can with a House of Multi Occupation"
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Below Market Value is a great way to buy investment property with large discounts. When structured
properly, it's possible to create a win:win position for both the property investor and the vendor.
Probate property is a little known avenue of property investment in the UK. Many property investors are unsure how
or where to begin with regards to sourcing probate opportunity, or how to approach the vendors. We know how to
find and identify the property and how to close the deals.
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Auction property or acquiring a property at auction is currently a very popular route to sourcing great
investment properties also at greatly reduced purchase prices too. Bidding in an auction room is often
competitive, but we take the easy route and buy the properties before they go to auction.
Lease options are one of the oldest routes to acquiring large investment property portfolios in the UK. A lease option
essentially gives you the right to rent a property out and collect the rent without actually having to buy
the property. This really is a true no money down deal.
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'HMO' - "House Of Multiple Occupancy". This is an investment property which is let out to several different
people. The tenants typically have either a bedsit or a shared kitchen and bathroom.
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The below market value, BMV, property market offers property investors a great way of acquiring investment properties cheaply. In these difficult economic times it is usual for properties to be offered with up to 25% discount off the true market value. The majority of our bmv investment properties are offered with 25% off.
As a rule Crimson focus on sourcing bmv investment property deals in major cities like London and Birmingham.
Investment property Birmingham: -
Where we have sourced individual properties, they will tend to be houses rather than apartments. The target bmv discount for us to be able to offer on to our property investors is 25% bmv off a RICS valuation. On occasions we will offer out investment properties with lower levels of discount, but we would generally expect such properties to exhibit other prominent investment characteristics.
BMV property investments London -
London tends to be treated slightly differently as a bmv investment property market. This is due to the volume of properties in the capital and the vast range of styles and prices of the properties. In London we are prepared to take apartments and flats as bmv investment property deals as well as houses. The level of discount will tend to be between 15% / 20% bmv in london as a rule.
BMV property portfolios -
As well as sourcing individual investment properties for sale, we also source whole bmv portfolios for investors. These can be anything from a few properties from an individual landlord to a financial institution looking to sell off hundreds of properties in one specific city. These offer great investment property opportunities for medium to long term growth.
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BMV properties around England -
Outside of the major cities we do from time to time source bmv investment property deals. These investment properties are less attractive to general bmv property investors and tend to be of interest to property investors based close by. Again these deals are offered 25% bmv and can make good additions to your investment portfolio.
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We carry out the following research for all property deals:
- Rental potential - We speak to several local letting agents to get a gauge as to what
rent the property will achieve. We need to know the state of the market in the agents opinion
and what class of tenant the property will attract. If as a landlord you prefer bmv properties
which attracts HMO's and students, then a property with 30% discount in a town with no college
or university is useless to you despite the level of discount.
- Survey - We instruct a RICS survey to be carried out on all properties to establish
the integrity of the property, a mortgage lenders value and the rental expectation. A survey is
worth its weight in gold as on many occasions it reveals details about the property that you
wouldn't have otherwise been aware of.
- Mortgage - Our mortgage broker will be pleased to discuss your requirements with you
once you have reserved a property. Depending on the length of time you intend to keep your
bmv property will influence the mortgage you decide to apply for. If you have a short term plan
to buy and sell within 2 years, then you do not want a mortgage which ties you in for 3 years
just because on face value it has a much better mortgage rate. If you don't have time to research
the terms of the mortgages available to you then find a broker who will do the ground work for you.
A good mortgage broker who specializes in the bmv market is well worth paying for.
- Solicitors - Our deals are structured with a solicitor in place. This facilitates a
fast services. Transacting a bmv deal is really easy if you know how, if you don't
then things can go badly wrong. There are many solicitors in the UK who specialize in conveyancing.
They may cost a little bit more than the local family practice however, in
our opinion they are worth their weight in gold. We are regularly told that this newly emerging
group of internet based conveyancing solicitors are very cheap. Well all we can comment is
that having received call from investors who have used them, many are not experienced
in handling bmv deals.
- Post Completion - If a property needs redecorating after the owner has vacated,
Crimson can arrange for this to happen.
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