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Property development
speedyxjs - 17/8/07 at 07:13 PM

My brother and i are looking into property development.
Does anyone know if there are there any sites that offer cheap houses for sale that need doing up?
If not where is the best place to start looking?

millemg - 17/8/07 at 07:17 PM

Ahhhhhhhhh, those were the days

Gixer Indy - 17/8/07 at 07:22 PM

ave a butchers at pickupaproperty.com
I was thinking of doing the same,just not got round to it yet!

JoelP - 17/8/07 at 07:25 PM

quote:
Originally posted by speedyxjs
My brother and i are looking into property development.
Does anyone know if there are there any sites that offer cheap houses for sale that need doing up?
If not where is the best place to start looking?


such sites dont exist. Anyone in the trade with knowledge of good deals will pass them to people they know for a cut. If you find a site selling bargain houses, its probaby really selling 'problem' houses and making the owner a fortune.

I knew a guy who would buy the large houses in student areas, convert to bedsites and then sell to people to rent to students. He had dedicated teams of builders and a full time mortgage broker who could sort finance for anyone, needless to say he's now a multi millionaire. This is where money is in property, too many people are trying property development in the mundane sense. As millemg says, the days of easy money are long gone!

saigonij - 17/8/07 at 07:31 PM

go to building societies and ask to see there list of repos.

thunderace - 17/8/07 at 07:33 PM

do it the real way go to an agent ask them to go to lunch tell them what you want to do and ask them how much they want to put stuff at a good price your way it works there money grabing scum mate.im selling all mine off as i think things are going to crash after xmass.
(a back hander always works no mater what your doing)

higgsti - 17/8/07 at 08:11 PM

just bought one off barrats the house builders one of there pxs .paid 83k spent 3k plus my time revalued at 103k.gonna rent it though in 3 years i can make same money on rent and still have property

froggy - 17/8/07 at 08:12 PM

i made two offers on my plot ,both were rejected so i did some snooping and contacted the seller direct,he knew nothing about my offers and it looked like the agent was sitiing on the site for a builder mate of his to develop it together. there is a real network between agents and developers ,

fesycresy - 18/8/07 at 09:13 AM

My neighbour is an estate agent.

As froggy said - spot on.