Vernon Property Group

Ok, here's the thing about property development and investment: You HAVE to get comfortable with debt. It's a tool you can use to grow, not a scary thing that you should avoid at all costs and pay down as soon as you can ?? Mortgages, personal loans, bridging finance, investor finance - all forms of debt that property investors utilise in order to grow their portfolios. If you're borrowing in order to invest and create a better return, it's good debt ?? If you're borrowing in order to buy a depreciating asset like a new car, it's bad debt ?? Know the difference, get comfortable with debt and go and use the tools available! . . . #propertyinvestment #propertydevelopment #ukproperty

Before and after ?? This one’s a detached bungalow in Swansea. It was converted from non standard construction to standard construction and had a full refurb . . . #propertyinvestment #propertydevelopment #ukproperty

Another one in the bag ?? Got this purchase over the line on Friday ?? *ALMOST a no money down deal - Bought for ￡62,500 - Agreed to have keys on exchange - Small refresh - carpets, paint, new front door, window repair - Valued at ￡90,000 prior to completion - Secured a bridge based on the ￡90k valuation - Already rented at ￡850pcm I love these little deals, and will keep doing them as and when they come along. Makes a change from the bigger stuff! . . . #propertyinvestment #propertydevelopment #ukproperty

I used to source deals on rightmove, but if I'm honest I don't spend much time on it these days. 90% of my deals are found and secured either off market or pre auction. This requires relationship building, and involves a lot of work in the background. Proper systems need to be in place for monitoring and progressing leads. I usually buy under auction conditions (I can't stand the conveyancing process...), or secure the property via one of a few creative strategies. These strategies include things like option agreements, vendor finance, market value bridges, rent to buy, assisted sale etc. There's usually a way to get the deal done! If you know anything that might be of interest - derelict buildings, land, etc, then get in touch! I pay referral fees ?? . . . #propertyinvestment #ukproperty #ukpropertyinvestment

Latest acquisition!