The five fundamental principles of property investment in 2013

Transcription

1 A PROPERTY INVESTMENT STRATEGY THAT ACTUALLY DELIVERS The five fundamental principles of property investment in 2013 By the Award-Winning Platinum Portfolio Builder Learn how smart investors are working with professional property experts to safeguard their future and pension provisions in 2013 and beyond. Written By Nick Carlile, Founder

2 A safe investment alternative A reliable long term investment 2

3 A PROPERTY INVESTMENT STRATEGY THAT ACTUALLY DELIVERS Foreword by Philip Easter FCCA Client and now Chairman of Platinum Portfolio Builder Welcome to the 2013 edition of Platinum Portfolio Builder s The five fundamental principles of property investment. This guide is written by the founder, Nick Carlile, whom I first met when a colleague and leading UK franchise lawyer made me aware of the award-winning Platinum Portfolio Builder opportunity. Having enjoyed a long career as a Board level Executive with Aviva plc, working with the Group s plc Board, key shareholders and investors to optimise the value of the worldwide Group, I was looking to build a personal portfolio of business investments and interests that I could invest in for my future and that of my family. With a love of property and having experienced considerable personal success in my own property investments over the years, the Platinum proposition quickly began to stand out for me, for the following reasons: The opportunity that Platinum Portfolio Builder provides as an alternative long term savings strategy, which complements my existing pension provision. The quality and professionalism of the people in particular, the complementary skill sets demonstrated by Nick Carlile and the Platinum Portfolio Builder team. The passive nature of the Platinum Portfolio Builder model, which allows me to concentrate on other interests. The opportunity to take advantage of the prime conditions in the property market now. The opportunity to deploy surplus capital in a way that is very cleverly leveraged. The ability to add a property diversification to my investment portfolio. This guide contains the five fundamental principles which are the backbone of what Platinum Portfolio Builder does on a day to day basis which are based on Nick s own experience and expertise. The specific strategy of Platinum Portfolio Builder is discussed in the next section and incorporates all five of these fundamental principles which can deliver exceptional returns for our clients. Enjoy the read! Philip Philip Easter FCCA 3

4 About The Author and Platinum Portfolio Builder This guide is written by Nick Carlile, the Founder of Platinum Portfolio Builder and an investor since the age of 19. I love investing in property - for me, it s the best investment I can make. It s something I understand, it s tangible and, whatever happens, unlike many other forms of investment, property always retains an intrinsic value says Nick. Nick is a qualified Quantity Surveyor, who has worked in the property construction and investment industry since the age of 16. His skills lay in being able to identify, manage and overcome the risk of investing in largescale UK and international property projects and he has headed a number of such projects alongside investing in safe, solid and sustainable housing stock in the UK. It is this safe and solid housing that is at the core of what Platinum Portfolio Builder does. Nick developed and now manages the business, which is based in South Yorkshire, along with his team of expert property professionals. Platinum Portfolio Builder is for those who don t have either the time, skill or desire to be active in property but who still want to create or diversify an investment portfolio. We allow passive investors to have a UK property portfolio built and managed on their behalf by an experienced, knowledgeable team. There are also additional joint venture opportunities, where clients can partner with Platinum Portfolio Builder on an entirely passive basis. The business has in-house teams of expert buyers, project managers, builders and letting agents. We buy discounted property, using our extensive knowledge and contacts, to secure an instant profit for clients. The properties are then let and managed for clients on an ongoing basis, until such time as they want to sell them and cash in their profits. Platinum Portfolio Builder only buys properties where we can achieve a minimum discount of 25% against an independent RICS valuation. Last year, an average discount of 28% was achieved for the benefit of clients. We work with clients who have between 75,000 and 1,000,000 to invest and can offer great returns. 4

5 A PROPERTY INVESTMENT STRATEGY THAT ACTUALLY DELIVERS At a time when many people are unhappy with the poor returns, high fees and uncertainty associated with traditional investments and pensions, Platinum Portfolio Builder only uses proven business models to consistently achieve great returns and security through intelligent property investment. Platinum Portfolio Builder works responsibly and with integrity in all areas of business, and is dedicated to giving back into all areas. We hope you find this information useful. Kind Regards, Nick Carlile Founder and Managing Director Above - The property professionals at Platinum Portfolio Builder reviewing recent property acquisitions for clients. 5

6 The Five Fundamental Principles of Property Investing What many people seem to forget is that the fundamental principles never change over time that s why they are fundamental principles! Whenever I've lost money in property it s when I've forgotten or ignored these principles. Looking back and analysing what went wrong usually reveals that I was too quick to chase a deal at the expense of careful analysis and ignored these fundamental principles. By definition, these principles are timeless and apply to almost every type of property deal. In the current climate they are even more important than before and if you follow them, you should be successful. Of course, there are other aspects to successful property investing, but these are a good place to start. Whilst they might seem simple, they are not necessarily easy to adopt. Always buy at a discount Stack the odds in your favour Invest for the medium to long term The 5 fundamental principles of property investment Cash flow positive Always add value These five fundamental principles are the backbone of what Platinum Portfolio Builder does on a day to day basis. The specific strategy of Platinum Portfolio Builder is discussed in the next section and incorporates all five of these fundamental principles to deliver exceptional returns for our clients. 6

7 A PROPERTY INVESTMENT STRATEGY THAT ACTUALLY DELIVERS Professional Investment Strategy: The PPB Strategy We firmly believe that 2013 and the immediate following years will present a great opportunity to secure properties at significantly reduced prices. We still don t know what the full impact of the Government spending cuts will be, but the immediate impact will be to stop people from buying and encourage them to rent. If there is a triple dip, then anyone new to property investment needs to make sure that they have the knowledge, skills, professional advisors, systems, strategies and support network in place to maximize returns and mitigate risks. In our view, due to the constantly changing economy and property market, the days of the amateur investor are long gone. Consequently, whilst in this next section we will explain our investment strategies as clearly as possible, we would discourage you from trying to carry them out alone. Although the concepts are fairly easy to understand, implementing them successfully requires a sophisticated approach and all our investments are subject to an enormous amount of detailed research, analysis and expertise, throughout the process. The Platinum Portfolio Builder investment strategy combines The Five Fundamental Principles of Property Investing to create a market-leading strategy that is the best way to capitalise on the opportunities that are currently available in today s market. 7 Platinum Portfolio Builder Telephone:

8 1. Always Buy at a Discount The property investment community has been buzzing with the mantra of buying properties below market value (BMV) for a number of years now. We personally talk about buying property below surveyed value and define BSV as making a purchase that is at least 25% less than the value that an independent Royal Institution of Chartered Surveyors (RICS) qualified surveyor has placed on the property. For example, if a property is on the market for 110,000, is valued by a RICS surveyor at 100,000 and you then buy it at 75,000, we would consider that a BSV purchase. Right now, professional investors everywhere are talking about this strategy and trying to secure properties with these kinds of up-front discounts. Some will be successful, some won t, and we strongly suggest that you seek professional help from those that have years of experience at buying below true market value. The key thing to remember is that if you can buy with this level of discount, you are essentially securing equity on a purchase, rather than the buy and hope strategy which relies solely on capital growth. If the property market does decline further, buying with a 25% or greater discount means you are very well insulated against further falls. A PPB BSV purchase The property to the left shows a PPB BSV purchase which is now owned by one of our clients, and now Chairman Philip Easter. Market value 138,500 Purchase price 102,000 Refurb costs 1,975 Total costs 103,975 Equity 34,525 BSV 25% Bear in mind that buying below surveyed value is easier when the media is talking about the market falling, as opposed to market recovery. It is also much easier to buy when others are fearful and not buying, as there is much less competition. The process of understanding a BSV strategy is simple enough, but it is the actual practicality of finding suitable properties and sellers, doing accurate analysis, negotiating with the vendors and structuring appropriate financing techniques that can be difficult to get right. 8

9 A PROPERTY INVESTMENT STRATEGY THAT ACTUALLY DELIVERS Before you even begin to think about buying BSV, would you be happy to sell your property for 25% below its surveyed value? Probably not! However, people sell BSV for many reasons. Many still have decent equity in the property but can t release it due to the lack of buyers, the speed at which they want to sell and some other factors. To give you an insight of where we secure deals from, here is a list of some recent purchases and the reasons that we were able to secure these deals: An inherited property where the vendors simply wanted to release their inheritance as quickly as possible without having to deal with an estate agent. A call from an agent who had visited a potential vendor, who had a personal reason for wanting to sell quickly and was willing to accept a discounted price. The agent called us and a deal was done within 24 hours, prior to the property even being listed with the agent. This happens a lot because of the contacts that we have and the proven track record within our chosen area. A vendor wishing to step up in the market. We bought their property, which was worth 100,000 for 70,000. Although they had reduced the price of their property, they were then in a position of not having a chain behind them and were able to negotiate hard on a property that was worth 230,000, securing it for just 195,000. This meant that the discount they had given us was more than recovered in their purchase. We even helped them with their purchase negotiation. A vendor who had lost their job and couldn t afford to pay the mortgage was being chased by the lender for missed payments. This was a win-win situation, as it stopped the vendor from being repossessed and meant they maintained a good credit rating for the future. A developer who had come to the end of his site and wanted to sell his units as soon as possible. We bought 5 brand new units, which were valued at 125,000, for just 90,000 each. A receiver that had taken possession of a complicated deal. It was complicated because the developer had gone bust on the site prior to 3 houses being completed. The units were un-mortgageable because they didn t have kitchens and some other work needed completing. The structural engineer was also owed money by the developer and had not given the final structural warranty. This meant that the units had to be bought for cash and, as a result, many other potential buyers had been put off. We negotiated hard and secured all 3 units for a total of 112,000. With the completion works the total cost came to 135,000 45,000 each. With an end value of 85,000 each, the units represent one of our best deals at a superb 47% discount well done to the Platinum Portfolio Builder team! 9

10 For people in these situations selling to a property investor can be an ideal solution, allowing them to sell the property and release spare equity and, in some cases stay in their home by renting from the new landlord. This is called sale and rent back, which is now regulated by the FSA and has specific conditions under which it can be done. To get BSV right, it is essential to create a win-win situation, and understand the vendor s needs. Remember no one should ever force a seller into accepting a low price. It must be their choice and when the time pressure is greater than the money pressure, creating a win-win solution for both parties makes BSV a viable option. In many cases, we also offer alternative solutions to the vendors, which can include: Selling the property with another agent. As we know the best agents in town it is often the case that the property could actually be sold if the agent was changed. As with every profession, not all agents are equal and it can often be the fault of the agent that the property hasn t sold. Debt counselling. For some vendors, the sale of their property is not the best solution and in many cases we will refer them to our debt counsellors that we know can help. Whilst this doesn t directly benefit our business, it often pays us back ten-fold through referrals and the outstanding reputation that we have in our sector. Lease options. There has been much hype around lease options in the past few years and the truth is that they only work for a handful of vendors. They can, however, work where a vendor simply wants to move the cost of the mortgage or finance away from themselves, but is not prepared to accept a heavily discounted price for the property. The best example of this type of deal was The Old Post Office, which was a deal that I did for myself back in The Old Post Office in Barnsley had been developed and converted into 9 studios and 1 bed apartments by a developer, who then struggled to sell the units for the asking price of 90,000 each ( 810,000 in total). The truth is that the price was slightly high and we obtained a RICS valuation of 75,000 each ( 675,000 in total). The main reason for the lack of buyers was that mortgage lenders had completely lost their appetite for apartment schemes. Even though this was a conversion and not a new build, prospective buyers struggled to get finance. The developer did not want to rent the units, and was not too keen to sell the units at a full discount of 25%, which would have been 56,250 each or 506,000 for all of them, when taken against our independent survey. The solution was for us to meet somewhere in the middle and we agreed a lease option for the entire development on the following terms: Above: The Old Post Office in Barnsley 10

11 A PROPERTY INVESTMENT STRATEGY THAT ACTUALLY DELIVERS An option to purchase the units for a price of 600,000, payable within 5 years. We lease the properties from the developer for rental of 32,000 per annum. The rental income is around 40,000 per annum, so will generate a reasonable margin. Note that this is an option to purchase, not an obligation, which means that we can buy if we want to, but don t have to. This essentially gives us a hedge against what we believe the market will do within those 5 years. Just 2% per annum growth will give a value of 745,000 at the end of 5 years. This is a true win-win deal because: The vendor gets 600,000 for his property instead of our BSV offer of 506,000, albeit in 5 years. The vendor is released from the property and doesn t have to worry about renting it out, as this is not his area of expertise. We make a gain on the property from rentals for a period of 5 years. We have the option to buy the property in 5 years, should we wish to, and the numbers stack up. Above examples of other properties bought by PPB at a discount. 11

12 A BSV Case Study: John Wass, a self employed project manager who has been a PPB client since 2010 wanted to invest passively in below market value properties that would supplement his existing income and provide further pension provision. The four properties that Platinum Portfolio Builder sourced for John were successfully renovated and let to tenants without him having to deal with the process himself. John has already benefited from excellent equity, has now recycled almost all of his capital originally invested and the properties are delivering positive cash flow. Higham Common Lane - 3 bed bungalow Value after refurbishment 119,000 Purchase price 80,000 Purchase costs 1,799 Refurbishment 347 insert photo here Total cost 82,146 Instant equity 36,854 Discount 30.97% Oak Street - 3 bed semi detached Value after refurbishment 85,000 Purchase price 50,000 Purchase costs 1,500 Refurbishment 12,178 insert photo here Total cost 63,678 Instant equity 21,322 Discount 25.08% Peartree Orchard - 2 bed mid-terraced Value after refurbishment 95,000 Purchase price 68,000 Purchase costs 1,605 Refurbishment 810 insert photo here Total cost 70,415 Instant equity 24,585 Discount 25.88% Wharncliffe - 2 bed semi detached Value after refurbishment 115,000 Purchase price 77,000 Purchase costs 700 Refurbishment 8,400 insert photo here Total cost 86,100 Instant equity 28,900 Discount 25.13% John s first four properties are shown above. They have a combined value of 414,000 with equity of over 111,000. John is now a Premium client with PPB and enjoys many additional benefits through investing again with us. 12

13 A PROPERTY INVESTMENT STRATEGY THAT ACTUALLY DELIVERS 2. Always Add Value Always add value stretches further than just the practicalities of adding value to the property. It includes adding value when you meet vendors, agents and anyone else involved in the process. The reason many clients choose to work with Platinum Portfolio Builder is that we add value to their investments through our experience, contacts, knowledge, buying power and wide expertise. To look at the obvious area of adding value to a property, Platinum Portfolio Builder carries out refurbishments in an extremely cost-effective manner. We buy materials in bulk and drive a hard bargain with material suppliers that want our business. This does not always mean that we are driving the price down; in fact, in some instances we add value to the refurbishment in other ways. An example of this would be that we have secured a five-year parts and labour warranty on all new boilers that are installed, instead of the usual 1-2 years. We always use a similar specification, which means we can carry out the refurbishments in record time and for the minimum cost. A typical refurbishment for us would include the following items, costing between 8,000 and 12,000: Rewiring New heating system Replastering New joinery works New kitchen New bathroom Full decoration New floor coverings Most people would spend almost double what we do and take twice as long. By getting the balance right between spending just enough to get top market rent and lower voids, and not overspending, we add the most value to any property. Every 1 that we spend typically adds between 1.50 and 2 to the value of the property. Above we use qualified trades people to ensure the standard of work is high in each renovated property. 13

14 Below are some examples of the refurbishments we completed last year: Before After Before After Before After 14

15 A PROPERTY INVESTMENT STRATEGY THAT ACTUALLY DELIVERS Before After Before After Before After 15

16 3. Ensure That the Property is Cash Flow Positive This is critical to ensure that you don t become one of the buy and hope investors. Whilst our main strategy is to buy discounted properties to ensure that you have instant equity and a safer alternative to traditional pensions, we also ensure that the properties which we do buy are cash flow positive. Turnover is vanity, profit is sanity! It is also critical that you don t kid yourself when you do the numbers and that you take into account all of the costs that are known. You should then make an allowance for voids and maintenance, which will inevitably happen at some point. Below is an example of a property that we purchased recently, showing the cash flow after all costs and a healthy allowance of 10% for voids and maintenance. Remember also that this property was purchased at a discount of 26%, which secured instant equity of over 23,000 for our client. There are some points to note about the above figures: The rental income is a conservative figure. We will often offer our properties for slightly lower rent (maybe 3-5% less) than our competition to ensure that they are filled quickly. Coupled with the fact that our properties are refurbished to an extremely high standard, this is almost always achievable. We can then tease up the rent once we find a good tenant that we want to stay. Remember this: if you spend one month finding a tenant; that equates to 8% of your rental income gone for that year, plus you will have the costs of council tax, gas, water and electricity bills and the risk of an empty property. The mortgage is based on a fixed-rate mortgage for a 5-year period. 16

17 A PROPERTY INVESTMENT STRATEGY THAT ACTUALLY DELIVERS Lettings and management is based on an all-inclusive rate and looks like 12%. It s actually 10% plus VAT. Insurance provides a great saving for our clients, as we insure all our properties under a single policy. The policy is robust and is underwritten by a leading UK insurance provider. Gas testing is an essential legal requirement and we arrange this for our clients. Voids allowance of 5% is a robust average across our portfolio. The quality of the properties that we buy, the refurbishment standard, plus a waiting list of 9,000 people in the area who are waiting for affordable housing make our overall voids figure around 3%. Maintenance will always occur but, because we refurbish to a high standard and we secure a 5-year parts and labour warranty on all new boilers, this is reduced. We also work with a number of builders who carry out lots of refurbishment work and will carry out small repairs on properties without charge. Our Contracts Manager who looks after the refurbishment and maintenance is also handy with a screwdriver! HMO for additional profits HMO or Houses of Multiple Occupation can be a great way to secure additional cash flow, but they are certainly not for the novice or faint hearted investor. They require much larger sums for deposits, refurbishment, regulations and furniture.* PPB can secure and manage HMO s as part of the wider strategy for our Premium Clients just ask for more details. * They can give great cash flow when done correctly or can be a real noose around a novice investors neck. Above South Yorkshire street scenes safe, solid, reliable investment properties. 17

18 4. Always Invest For the Medium to Long Term This is essential. If you have observed the first three fundamental principles, then you are in great shape to do this. The truth is that no one can predict what will happen to the UK market in the short term. Greed and fear are two of the most powerful reasons as to why people buy anything. Coupled with the media, many people make their investment decisions based on the thought that they can either make a quick profit or that they may lose a lot of money. In any economy, and in all sectors, you will always have pioneers and the followers. The pioneers are the ones that enter the market when everyone is fearful and stick around until after the followers (or masses) have entered and driven prices upwards. The pioneers are the ones that many talk about after the event with phrases like; I wish I d invested when he/she did. For example, if you had invested in 2000, you would have effectively enjoyed an 8-10% annualised return over the last 12 years. In the event that you find yourself in need of selling quickly, then the fundamental principles of always buying at a discount and adding value will give you some scope in your asking price to offer a discount to any incoming buyer and allow you to sell quickly. To be a true property investor you have to play the long game. Property is not a get rich quick scheme it s a get very rich steadily scheme Nick Carlile Founder of Platinum Portfolio Builder 18

19 A PROPERTY INVESTMENT STRATEGY THAT ACTUALLY DELIVERS 5. Stack the Odds in Your Favour This is a really important point to consider at this stage what type of property will you invest into? Sexy properties mean risks, whilst dull and boring often means safe, solid and reliable. We buy safe, solid and reliable 2 and 3 bedroom houses, simply because they appeal to a wide choice of buyers. Whilst the list below is a little simplistic (most of the best ideas are) and doesn t apply to every area of the UK, it has some timeless values that you should consider. Just compare a 3 bedroom house with a garden and dining room to a 2 bedroom apartment: Both properties would probably appeal to First Time Buyers in equal measure. The 3 bed house would appeal to more young couples considering starting a family. The 3 bed house would appeal to more family buyers with children. The apartment would appeal to more young professional buyers who work hard and play hard. The 3 bed house would appeal to more growing families. The 3 bed house would appeal to more retiring people and those that are downsizing. As stated before, the list above is a little simplistic but the point is that you stack the odds in your favour much more with a 3 bed house than you do with a 2 bed apartment. Often, in many areas, 3 bed houses can be bought for the same price as apartments, especially if you go a little way out of town and city centres and into the suburbs. In most cases, the rental yield is much higher on a house and you won t have the added costs of ground rent and the uncertainty of service charges. Other ways to stack the odds in your favour include: The first four fundamental principles of investing will give you safety and security in your investment. Areas of significant investment. The areas in which we invest have significant inward investment and are sandwiched between two of the Government s Local Enterprise Partnerships. These are areas that have been designated by the Government and are designed to drive sustainable local economic growth and create the conditions for private sector job growth in their communities. Affordable areas. Particularly with the current economic climate this is particularly important. We buy in an area of the UK that is sandwiched between two large cities. To the South is Sheffield and, although it s only 30 minutes away, it s an average of 31% more expensive. To the North is Leeds and, again, only 30 minutes away but an average of 40% more expensive. High tenant demand means that the properties which you buy will generate profit on a monthly basis and are less likely to become void and therefore cost you your hard-earned cash. We rent around 30% of our properties to Local Housing Allowance tenants (the old housing benefit) and in one area there is a waiting list of 9,000 people that are looking to rent affordable housing. 19

20 Platinum Portfolio Builder Platinum Portfolio Builder has developed an investment offering that allows clients to leverage not only their money, but also our wealth of expertise in sourcing properties at between 25% and 40% below their current market value (as verified by a RICS surveyor). Platinum Portfolio Builder builds and manages property portfolios for people who want to invest in property but who don t have the time, knowledge or skill to do it themselves. We only buy properties where we can achieve a minimum discount of 25% below an independent RICS valuation. Last year, an average discount of 28% was achieved for the benefit of clients. Our clients are those who have between 75,000 and 1,000,000 to invest. We have in-house teams of expert buyers, project managers, builders and letting agents and we buy discounted property using extensive knowledge and contacts that secure an instant profit for clients. The properties are then let and managed for clients on an ongoing basis until they want to sell them and cash in their profits. We recognise that many people are unhappy with the poor returns, high fees and uncertainty associated with traditional investments and pensions. Our proven models of property investment achieve market-leading returns and security through intelligent property investment. Our portfolios are currently built in South Yorkshire, focusing primarily on the area halfway between Leeds and Sheffield, where the Founder, Nick Carlile, worked for many years as a quantity surveyor and project manager. He has also bought, sold and rented out properties in this area since It is a market that he knows particularly well and one where he and his team have built solid relationships with estate agents, developers and other experts who source properties for Platinum Portfolio Builder. Teams of tradesmen and property, legal and financial professionals all enable Platinum Portfolio Builder to take advantage of the very best opportunities and structure great deals. You should never invest in property unless you have visited the area/property itself and we believe that you should never invest in a property company unless you have spoken to and met the owners! We have a varied programme of events across the UK throughout 2013 and we would be delighted to spend time helping you with your property investment plans and goals. 20

21 A PROPERTY INVESTMENT STRATEGY THAT ACTUALLY DELIVERS Testimonials Investing passively with Platinum Portfolio Builder is an ideal investment for me. The unique opportunity to buy below market value, coupled with the extensive knowledge of the team, makes me very confident in my investment Katherine Newman, Civil Engineer & PPB Client. Nick s exceptional business skill and customer oriented attitude has taken Platinum Portfolio Builder to another level within the UK property investment world Chris Alton PPB client. I have been one of Nick's clients for the past 2 years. In this time I have witnessed PPB grow, evolve and improve under Nick's leadership. The key things that I would compliment Nick upon are that he conducts himself with calmness, professionalism and integrity at all times. I have complete trust in him and look forward to a long investment relationship John Wass PPB Client Nick s knowledge is outstanding. I can honestly recommend Nick Carlile to anyone who is considering hiring his phenomenal knowledge and contact base John Dallas - Professional Property Investor. If you are looking for a monthly passive income with capital growth then an investment with PPB and Nick Carlile is a must. Nick's business integrity and knowledge of the local property market is second to none. Without doubt, investing in Nick's company has been my wisest and most profitable business decision I have ever made John Barrett Engineer & PPB Client Thank you very much for our visit to PPB Barnsley office last Friday. We were impressed with the very visible performance management on the walls! But what stood out most was the energy level in the office - you clearly have a great team, that gave us confidence in PPB's capabilities for managing property portfolios Warren Burgess, Director BP & PPB Client. "My only regret is having not invested sooner. This investment is allowing me to spend much more time with my son without worrying about having to work Gerard Scannell, Ex-Warehousing Director & PPB Client. "I have know n Nick now for at least 6 years and during that time have found him to be an excellent negotiator for purchasing property both at home and in Europe for clients. Nick has alw ays maintained and honoured any agreements made and can be trusted financially Nigel Hamblett Property Investor While every attempt has been made to verify information contained in this guide, neither the author nor participants in the content assume any responsibility for errors, omissions or accuracies. The advice given here is general educational advice and is not advice of any other entity or business associates of the author. An individual or entity is urged to seek independent advice before taking any financial decisions based on information in this guide. Any slights of people or organisations is unintentional; the services of a property qualified professional should be sought by the reader for any legal, financial or tax advice. The author specifically disclaims responsibility for any liability, loss or risk personal or otherwise which has occurred as the direct result of the publication of this guide. Neither the author nor the publisher shall be liable for damages arising herein. 21

22 PPB have a range of free resources including other useful Guides, Newsletters, Magazines and Your Property Pension book. For your free resources just get in touch. Enquiries If you d like to discuss your property investment or to arrange a site visit, please contact us on: T: F: E: info@platinumportfoliobuilder.co.uk Yorkshire Office 10 Churchfield Court Barnsley South Yorkshire S70 2JT Platinum Portfolio Builder has won a number of Awards including: Compare the Financial Markets Most Innovative UK Property Investment 2012 OPP Award for Excellence