Buying Property Can Be Just Like Buying A Ferrari


The right type of property can make you thousands every year for the rest of your life.

The wrong type of property will be like buying a new Ferrari, it will lose you a lot of money year after year [until it becomes a classic!].

Mark and I love our cars, and are in a fortunate position to own a Ferrari ourselves. We worked out [when factoring in ALL costs] that a new Ferrari will cost you nearly £40,000 in year 1 alone!

property-investment

Become great at investing in the right type of property and focus on doing that so that you make it work for you, or leverage someone who is an expert [and you can easily make that £40,000 per year to buy your Ferrari!].

At Progressive we have been refining a business model for a combined period of over 7 years now. We have bought many properties of all types in that time-frame:

New Build property, Off Plan property, Overseas Property, Cashbacks, Rentbacks; you name it, we have tried it.

We have had the attitude that in order to gain the real knowledge and experience you need, you have to actually do it.

In all of our experience in property and judging the performance of our own portfolio, all of the existing properties [not new or off plan: the 'classic Ferrari's!'] that we have bought have consistently out-performed all of the other types of property quite considerably.

Existing property is the best type of property for the following reasons:

• Existing [older] property has established values over a period of years

• There is no immediate depreciation due to premiums from developers or the ‘new car from the forecourt’ syndrome

• Existing properties are very often on streets where there are many other properties of the exact same size and type. Do You think that this might just make the valuation process very simple?!

• 10 properties have sold on Your street for £150,000. Yours is the same and in the same condition: what do you think it might be worth?!

• There are less things that can go wrong with existing property: less value speculation, less smoke and mirrors [and no language or legal barriers]

Can you see why we believe in it so much now?

And remember this if you remember nothing else: the two most important things that determine the value of a property are Location and Square Footage [not fixtures, fittings, golf courses or TV entry!].

Existing [2nd hand] properties are the bread and butter of nearly all £5m+ property investors.

Rob Moore

Co-Founder of Progressive Property, entrepreneur, investor , author of 6 Amazon and Audible Best-sellers, prolific podcaster, two-time Public Speaking World Record Holder, Founder of The Rob Moore Foundation

About Rob

Co-Founder of Progressive Property, entrepreneur, investor , author of 6 Amazon and Audible Best-sellers, prolific podcaster, two-time Public Speaking World Record Holder, Founder of The Rob Moore Foundation

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