The Norwich Portfolio-cash flow….
August 20th, 2010
First of all, I hope you like our new Blog design created by Ollie and Foz, my two sons who work in our IT department. Ed and I are endeavoring to try and be more sensible and grown up and produce more serious videos, (apparently that's what adults do). Here is the first of many to come, hope you enjoy….
In a time when Ed and I were told to steer away from 'new builds', which was also the time when no one else was buying 'new builds', (about 3 to 4 years ago), WE did the opposite and bought as many as we possibly could, striking a great deal with a major developer. This developer admitted to us that we had kept them going during the recession in this area and prevented them from having to lay off workers. We were advised against buying new by other investors,as the prices were so inflated, at a time when NMD and BMV were the rage. But we kinda thought that if we weren't going to sell for 5 to 10 years and they were no money in, and sometimes with cash back, why would you not buy just because they were initially valued high?
Well now, I am so glad we did buy, as we now have an amazing portfolio of new houses that may not have so much 'capitol growth' in them at the moment, but the cash flow is brilliant and as they cost us nothing to buy, well, it's not rocket science! We also have an amazing portfolio in the Newmarket area where the yields are unbelievable. If you know of anyone who may be interested in 'Rent to Own' in the Queens Hills area of Norwich, please contact us.
And just remember, just because the 'majority' tell you something 'is not right', doesn't always mean 'its not right!'
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