Portfolio Acquisitions and Management.
Barry Schiller first rule of property is "Never pay for a property" and the
second rule is "Never sell a property". These rules are simple but Investors
often make the fatal mistake of getting emotionally attached to the properties
they invest in and creating a dinner party portfolio. A dinner party portfolio
is one where the investor invites friends round and attempts to impress them
by explaining that he has a villa in Monaco, A house in St Lucia, an apartment
in Paris etc etc etc.. It's great for impressing but using the same investment
for 10 flats in Detroit might bring a greater return on Investment and that is
what I achieve for my clients. Barry is an authority on Lease options,
Sandwich options, Instalment contracts, wraparound mortgages and the whole
pallet of creative financing solutions which are available but little known
about. In 2007 Barry brought half a million pounds of real estate for
fun. The bank financed 85% and he negotiated a discount of 17% , free carpets
and free top of the range kitchen and tiling with the developer. When
property crashed in late 2007 his mortgage repayments dropped to a staggering
0.5% p.a at the beginning of 2010 giving a mortgage repayment of £2500
p.a. The rental income is nearly £30,000 per annum. That means a positive year
rental income of nearly £27,500 for no own capital property outlay. In
2010 Barry offered the same apartments to a "rent to buy" tenant who
paid a £30,000 non refundable deposit and a rental agreement of £750 pcm over
and above the normal rent for a period of 5 years when the final amount must
either be fully paid or the deposit forfeited.
transactions are standard fayre in real estate investing but it takes a
certain kind of person to be able to bring them off and not everyone has the
time or the inclination to be able to negotiate these Investments.
it is often possible to acquire the benefits of property without
actually purchasing the property of taking out a mortgage solicitors , valuers
and surveyors won't work for free.
his private Portfolio Barry has apartments , houses and acquired a 7 storey
hotel in Mallorca.
If you would like to grow a property portfolio Barry's excellent contacts
around the world can be at your disposal for sourcing below market value
properties, land, hotels and commercial real estate and to manage that
portfolio on your behalf leaving you to do nothing other than look forward to
the dividend cheques at your pre arranged intervals.
Barry on firstname.lastname@example.org to discuss your