Slowly and surely over the last decade, subsequent property investors have once again grown accustomed to relying on the banking system to finance their projects, sometimes backed up by some of the pioneering strategies that Rick Otton and I Introduced into the United Kingdom some 20 years ago, e.g. instalment contracts, delayed completions, sandwich options (purchase and sale), assisted sales, alongside various sub-strategies depending on the method of property acquisition.
When attending today’s property network meetings, I listen intently to what is the flavour of the moment: Deal sourcing, Rent2Rent, HMOs, BRRR, Buy2Let, Lease Options, Delayed Com2Resi conversion. But what I have noticed is that many strategies are still integrated and dependent upon the bank-borrowing system. Some of what Rick and I introduce often an unknown commodity.
As I write now, the world is dangerously close to nuclear warfare that would create chaos onto the global financial markets. Globally, several banks have failed recently, and other expected to fail soon. Government heavy-handedness is becoming overbearing that many landlords are fleeing the market. Yet, what I is see is with those who remain, it’s a “business as usual” attitude until the effects are felt directly. To point out today’s reality can be interpreted as spreading negativity rather than reality.
