Precious Time Properties Ltd

26/04/2023

09/01/2023

Our ‘12 Pay of Xmas ‘ and the final of our tips over the festive period is …..

MINDSET🧠 (saving the best till last )

Entering the world of property can be a scary place but having the right mindset in place will make all of the difference moving forward .

Possibly the most important of our tips in this series !

This topic could have an infinity amount of info but we will try to outline a few keys points we think can make a huge difference .

💥What is your why ? Determine why you’ve decided to do what you are doing , This might be purely for yourself , for your family , leaving a legacy for your children , making a difference in the world , living a life of luxury , or maybe just wanting to create a successful business .

💥Is reading , exercise , a healthy diet and material relating to property part of your daily routine ?

💥What material are you consuming daily ? Are you binging on Netflix and the latest soaps or are you listening to uplifting or related podcasts and studying property/business related content ?

💥What does your current social circle look like ? Are you spending each weekend drinking and partying or are you getting around like minded people , networking and planning joint ventures with fellow professionals ?

💥Are you managing your time wisely ? Are you scheduling time each week dedicated to your business or related tasks ?

Mindset is a diverse and complex subject but with a healthy balanced lifestyle , a good network and social circle of like minded individuals , and the right education and guidance/training that includes ongoing support , we think are the fundaments to creating the sort of mindset needed to succeed in property /business and enjoy a healthy balanced life !

If you need any support or help on your journey please don’t hesitate to contact us !

Because your Time is Precious!💙⏳

07/01/2023

Our ‘11th Pay of Xmas’ is ….

Private and Preferred Investment !💵

In this current market we are in flooded with the doom and gloom of the ever increasing cost of living , recessions , inflation , strikes , pandemics and so on there will be no shortage of people whether it be private investors or friends and family looking to invest there hard earned money for a fixed return as opposed to getting wiped out sitting in a bank account with close to zero returns on it .

Whether it’s a 50/50 split or a completely hands off return on investment for a percentage much higher than they would receive in a bank account it can be a WIN/WIN for everyone involved .

A few factors to consider when utilising investors funds would be :

👉Legally agreed upon terms of loan and signed agreement

👉Discussed time frames and return dates of initial investment

👉An open and honest conversation about what you are both looking to achieve and what direction you both want to go in

👉Establish a good connection and relationship first and foremost

Private investment can fast track your journey and also build your track with your chosen investors , it will also build your reputation as a go to property professional who can generate great returns on your money .

Looking to invest or get more info please don’t hesitate to dm us.

Because your Time is Precious !💙⏳

05/01/2023

Our ‘10th Pay of Xmas ‘ is…..

SERVICED ACCOMODATION (SA)

A strategy right now that seems to be gaining more and more popularity .

With the mounting rules and regulations on private let’s and crippling taxes and sanctions on landlords , serviced accomodation might be your go to strategy .

Whilst you’ll still have your acquisition costs , refurbs costs , legal fees , and a serviced accomodation licence fee some of the pros might be :

💥Not having to worry about long term tenents abusing the property or not paying rent .

💥Regular access to check on your investment property and maintain it .

💥Higher income due to daily charges for bookings instead of monthly rent .

As with all strategies there is also a few factors to consider such as :

👉Making sure your property will pass for a SA licence before you commit to purchase .

👉You must have a reliable cleaning / change over team on hand .

👉How will you get bookings in and who will manage them ?

👉Before purchasing check all local similar listed properties and occupancy rates to get a reliable comparison on your expected income .

If you would like any more info on serviced accomodation or would like to use our reliable and experienced SA cleaning and change over team aswell as linen services don’t hesitate to call or DM us !

Because your Time is Precious !⏳😬

04/01/2023

Our ‘9th Pay of Xmas ‘ Is ….

Finding the deals 👀🔍🕵️‍♂️

If your new to property then the most likely your first port of call will be Rightmove and whilst there will definitely be deals on there it’s also good to look at elsewhere where the competition might be slightly less .

Some places or ideas that might pay off are :

🔍 Abandoned , rundown or derelict properties you may have spotted on your travels .

🔍General chats with neighbours , friends , or family who may be looking for a quick sale .

🔍Starting up relationships with estate agents in your goldmine area

🔍Soraking with local companies who may have access to repossessed properties (such as lawyers , debt collections , local councils etc)

🔍Free advertising websites such as Gumtree , Facebook Marketplace , Ad trader etc .

🔍Joining local online or in person community groups where information on properties or areas might be shared .

These are just a few ideas or places that may bare fruit when looking for deals but there are thousands of places more worth looking .

Keep your eyes peeled for more in depth posts on finding deals .👀👀And please contact us if you would like any more info .

Because your Time is Precious !⏳💙

04/01/2023

Our ‘8th Pay of Xmas ‘ is……

Network !🥳🥳

They say our ‘ Network is our Net worth’ so with that in mind it’s inevitable that networking and getting around people on the same path can only lead to more opportunities .

It’s also said that your net worth can only grow to the extent that your network grows , so how does your network look right now ? Are you around like minded people ? Chatting about projects and partnering up ? Learning and consuming more each day ?

It’s inevitable that the more networking you do the more opportunities will come your way , opportunities such as

💥Joint Ventures

💥Investment

💥Referrals

💥Building Confidence

💥Learning the game faster

There are a host of great networking events out there some free and some a small fee aswell a number of online groups to join with like minded individuals , so with that in mind get out there and get networking like your life depended on it and watch as the opportunities mount up (almost like the law of attraction 🤭🤭)

Because your Time is Precious !⏳💙

02/01/2023

Our ‘7th Pay of Xmas’ is …..

💥REFERRALS 💥

If your looking to top up your funds or build up that cash flow and you have a fantastic network available to you then earning money on referrals might be a nice side earner .

If you have an extensive network or contact list then maybe some of the following trades or services might contain opportunities to earn cash on referral fees and build up a track record of someone who can get things done .

👉 Legal team (solicitors , mortgage brokers , estate agents , letting agents , accountants)

👉Trades people(electricians , plumbers , gas engineers , joiners , plasterers , painters , gardeners etc )

👉Project management ( could you project manage the full refurb if you know of someone who has a project and is time poor?)

👉 Builders merchants , Local suppliers of materials or any local businesses that can supply anything related to a projects refurb

Follow us for more tips and strategies that can be used to break free from the rat race 🐀🏁

Because your Time is Precious !⏳

01/01/2023

Our ‘6th Pay of Xmas’ is ……

EQUITY/PENSION RELEASE

A viable strategy that can propel your property journey at a much faster rate and also create greater returns might be utilising equity in your own home or an existing pension fund .

A number of fantastic professionals on equity/pension release would be a great starting point to obtaining impartial advice if it’s a strategy you believe will generate faster and greater returns on your hard earned money !

Several points worth considering might be :

👉 Is it a viable strategy for you and anyone else involved (family / spouse / loved ones / joint owners )

👉The cost of your equity/pension release and what % your gaining on your money compared to what you could earn on your property projects .

👉Seeking the correct advice and help on your property projects if your relatively new to property investment .

👉 The time frame on what you can achieve with your equity/pension release vs what the outcome might look like leaving your money locked away .

👉 Affordability , quite bluntly put are you in a position to release equity/pension funds .

👉Risk management , seeking out the best professionals to join your power team to advise you and minimise your risk giving you a clear and confident assessment of what you can achieve .

💥If this is a subject you would like more info on please don’t hesitate to contact us !

Because your Time is Precious!⏳💙

30/12/2022

Our 5th ‘Pay of Xmas ‘ is…..

Buy To Let(BTL)

Not the most popular of strategies right now in Scotland due to rising ADS tax from 4%- 6% in a flash 🤔🤔, current rent freezes and eviction bans .

A Buy To Let(BTL) put bluntly would be purchasing a property with the intent to let out to tenants.

To navigate purchasing a successful buy to let in current conditions would rely on a few key factors .

👉Mastering the Figures (calculating ADS tax 6%, Acquisition Costs , Refurb Costs , Letting Agent Costs , Building Insurance , Mortgage Payments During Refurb , factors fees? )

👉Is there a discount on the property ? If so how much ?

👉Does your chosen goldmine area have a high rental demand , good schools , transport links and local amenities ?

👉Choosing the correct letting agent to safeguard your investment , trust to maintain and look after your property and to give you piece of mind to move onto the next project .

👉Amount of time it will take to complete refurb and also calculating the amount of time it will take to release your original investment fund by refinancing after full refurb completed ?

A tricky strategy in current conditions but none the less and original fans favourite , making money on your investment through adding value to refurb or making money over time through capital growth whilst providing a family with a beautiful home - a WIN/WIN. 🙌🙌

Because your Time is Precious !⏳💙