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Stamp duty gone on low/mid priced houses

UK government has designed a program to help boost the UK housing market. They have done away with Stamp duty fees for 1 year on houses below £175k. Does anyone have any ideas how i can purchase property in the UK with no down payment?

California and real estate

California investors were the engine that fueled the price bubble on the West coast and probably Colorado and Nevada, as well.

Some places in California are having an enormous correction.

I don't think the bottom will linger that long in the desirable places in California. Population in California is growing at a fast clip and all those people will need a place to live.

California is also a desireable retirement destination and some parts of California have the best weather in the USA, plus the best beaches.

Less desirable areas where the big price run-up was all due to speculators are having the biggest price drops and will take the longest to recover. Let's admit it: there are areas of California where the weather is absolutely miserable. Who'd want to live there unless they had to for their job?

The closer the property is to the coast, the less it is likely to lose in value and the shorter the recovery period is going to be.

New Member from Southern California

Jason,

Im new to real estate investing. I just apply for a loan last week hope to get result on monday. Any ideas where to invest?

thx

How do you analyze deals quick

I was wondering how do you analyze the numbers on apartment deals very quickly. I'm not talking about going through a full blown due diligence check, but just a quick check of the numbers presented to you (hoping they're not proforma but actual P&L numbers) to even see if you want to go any farther.

I know about different analysis spreadsheets which i think they're great. but what i'm talking about is how do you analyze the numbers/deal if you were out in the field and all you had was a calculator.

what i want to know is:
1. what info (numbers) am i required to get to do this quick analysis
2. how do i properly use these numbers to make them mean something (like is the deal over or under priced, will it be hard or easy to get funding and etc), so what's the equation.

Please explain the notion: "I can pay your asking price if you can agree to my terms"

I don't understand this statement and I hear/read it often. Isn't the bottom line the price you pay for a property -more important than terms? If a seller wants 50K and you want to pay 40K, how would modifying terms potentially make the transaction worthwhile?

Thanks,
Fred

Rent first then flip?

The tax situation is better on the ones you hold for awhile.

My advice is to be very selective about what you improve. Tenants tend to tear up everything you've done, and it you aren't careful, you will end up doing the work twice.

Do all the work on stuff the tenants can't reach: new roof if it is needed (OK, I have had a tenant tear the roof off, but they don't normally damage the roof).

Repair sidewalks, do structural work, repair the plumbing, perhaps a new heat source if needed.

Get the landscaping under control, but dont improve it. Tenants will likely kill whatever landscaping you do.

Then cosmetically, go cheap on new flooring and paint, because that will all have to be redone when you are ready to sell.

When it is time to sell, you remove the tenant damaged flooring, upgrade to better stuff, add some pots of flowers, do a new paint job, and it should be close to ready to go back on the market.

Oh, and screen your applicants very carefully. If you are tough about your criteria, you can rent to tenants who do minimal damage. Be careless, and a bad tenant can do $15,000 damage or more in a very short time.