property excuses so common but not real

my question to your very convincing video is:i live and work in spain. would i be restricted in buying property in the uk?

Thanks Rob for the video,you`ve got loads of energy,are you on a raw food diet?!Can`t be McDs,drink/drugs!
I joined another P.I. site a while back after buying a book,and contacted what was supposed to be a useful finance advisor who used that site,but they could not offer a solution to my problem.
Apart from the fact I believe that we are in for some major changes which will affect all businesses,I am still open to P.I.
Silly me had a great oportunity in`94 but blew it(and the loads of dosh I`d made)as I didn`t have the mindset for property wealth creation.
Please could you tell me if you think there is a way for me to enter this game considering my current position?
I am on the sick,so currently a non-worker.I own my own small property but afraid it`s a Grade2 mud`n`sud,which mortgage companies hate,as it`s not good old bricks&mortar!Bought it for cash in 1996.I now have no money but am not in debt and not intending getting a "proper job" in the near future.Not frit of effort if it leads somewhere or the journey`s worthwhile.
Apart from the obvious route to finance which would be selling up to provide investment money,are there any other options open to me?
If I thought I could enter the NMD route in my current position,which no doubt doesn`t include a sound credit rating,I would sit up and listen.
OK I know,not exactly a comment,more a question,but thought I`d try my luck,regards,Doug.

brilliant!!

Hi Victor

By this, do you mean that you would like to adopt these strategies in Spain?

Hi Doug

Thanks for your message

The sort answer to your question is Yes, there are strategies that do not involve you remortgaging or selling your house, and do not rely on you having huge imcome. I'm not saying it is going to be easy or will happen overnight, but if you take a little time to learn about Joint Ventures, Deeds of Tust, Irrevocable Requests and other finance strategies that don't require large capital or deposits up front. You will need to get decent discounts or learn about Lease Options or creative 'flipping' techniques to make these work

If you want more details let me know about what specifically and I'll be happy to post/help you out

Thanks for contributing and your kind comments

Rob

Great video, you sound very convincing. I am self employed, some proof of income! not enough though.
I am currently in a fixed rate deal , due to end December 09, Mortgage Company sent out letter, to state Mortgage was going to increase! Could not work that one out as rates have decreased. startled to find on their web page/site a rate of 11.5%APR( Varible). I am also in arrears with this Mortgage and with Credit Cards and 1no unsecured Loan.
Do you think you could still help , if I attended your event.

Step by step request.

I enjoy your mails but translating to reality remains an issue so I am throwing you a challenge – what specific actions will someone with 4 properties ranging from 100k -225k (all mortgaged on interest only basis)need to take to improve their lot.

Earely miss a bill so good credit rating,, want to maximise my asset, income from property just about cover expenses and not in employment so no salary or prove of income.

Feel I am in a rut, so practical suggestions to grow my portfolio, make immediate and long term money would be of immense benefit.

Thank you

Hi Dave
Thanks for your message. Yes, the reason your rate will increase is because you will go from you current introductory rate to the SVR [Standard variable rate] – You can look at options to remortgage, and if you want to do that let me know and I'll put you in touch with a broker

Regarding mortgage arrears and bad credit: obviously this is not ideal for you and if you can get that back on track it will be of great benefit in the future, that being said there are a couple of strategies still open to you in your current situation such as Lease Options, which we cover at the Property Buying Frenzy Event so if you can get there before the tickets go then it will be very worth your while

In the meantime if there is anything else we can do Dave just let us know

And thanks for contributing to the site!

Rob & Mark

Hi Bola

Thanks for your comment and for contributing to the site

I would need a little more detail from you Bola to create something bespoke to you [ie equity in those properties, when they are due for remortgage, rents vs mortgage and so on to see if it is viable to use them]

Also, if you have zero proof of any income then getting B2L mortgages in your own name may be a challenge so I would need to know if there is anyone you know who may be able to host mortgages for you to help you

If there is no one then you may want to look at assisted selling [AS] discussed at our Property Buying Frenzy Event or Lease Options [LO] also covered there

Drop me a line and I'll do my best to help you out Bola

Rob