Property courses more important because of credit crunch
The perils of paying over the odds for a property highlight the value of a Below Market Value property course
The dangers associated with paying over the odds for a property - as recently illustrated in an article in The Observer newspaper - highlight the value of property courses that teach people how to pay below market value for properties.
Learning the skills needed to avoid getting trapped in an overheated housing market can insulate investors from the twin pitfalls of negative equity and rising mortgage costs.
Property courses teach valuable skills
The Observer quotes the Council of Mortgage Lenders (CML), who say that twice as many people - 45,000, equivalent to a town the size of Lancaster or Canterbury - will have their homes repossessed in 2008 compared with 2007, while economics researchers Capital Economics predict that the property market's course could see falls by as much as six per cent in parts of the UK next year.
It says, "The threat of an economic downturn on this scale has sent shivers down the spines of nervous UK homeowners who have pushed themselves to their financial limit in the last few years" - confirming the importance of paying less than market value for a property, the focus of many property courses.
Property courses can lead to financial shields
Enrolling on a property course to learn how to pay below market value can mean being able to put financial shields in place during market downturns.
Some property courses teach skills that help people get properties for 15 to 25 per cent less than market value - meaning a six per cent house price fall would still leave them looking at 20 per cent profits instead of negative equity.
And because rents paid on houses you own are generally the same no matter what price you pay for a house, taking a property course to learn how to pay below market value can lead to improved rental yields - the income (the rent) is the same, but the outgoings (the mortgage) is less.
The Property Course
The Property Course is run by Glenn Armstrong, a successful property entrepreneur who personally created and developed his system while buying more than 100 properties, using none of his own money.
With a portfolio worth more than £3 million, generating profits greater than £20,000 a month, Glenn can help anyone with the issues that stop people from making serious profits from property developing or buy-to-let schemes.
His method will not turn you into a property millionaire overnight - but will set you on the road to financial freedom in a relatively short period of time.
Call 01908 423701 or email glenn@glennarmstrong.com for more information.