Hello, everyone, and welcome. Now, are you looking to get started in property investing?
Maybe you're a complete beginner, starting from scratch, or you're simply looking for
your next great property deal, to add to your existing portfolio. If so, I'm sure this video is gonna
be great for you. Now, it's a free education and training video,
to show you how to find great value property deals, right on your doorstep, in your own
location, or anywhere, indeed, across the UK, free, using very simple tools, just to
really assess and analyse great value deals that are currently on the market, that maybe
other investors are currently missing. My name's Robert Jones, I run a property investments
company called Property Investments UK, and with that, we have an online and VIP Property
Training Course. We also have clients from across the world, find and buying properties
in the UK. So, on a day to day basis, we're constantly looking for the best property deals,
and we use a number of different methods for this.
What I've done is condensed, sort of, three to four different methods. We've just picked,
really, some of the options, and some of the methods and tactics, and techniques, that
we cover in our VIP Training, to show you today, for free, how to, you can do this in
your own area. As I said, it's gonna cost you nothin', in terms of the training. It's
gonna cost nothin', in terms of finding the deals, or resourcing things, or anything like
that. It's just using some simple techniques, some kind of tips and tactics, using Rightmove
and Zoopla. So I'll jump from behind the camera, to the computer screen, and give you a walk
through of how you can do this today, in your own area.
Okay, so let's go straight into it. So, using Zoopla for the examples today. Now, we've
set up Zoopla accounts already. If you haven't got one, or you're not currently set one up,
you go to the top right icon here. It should lead to sign in, and create an account. So
I recommend you do that first. It just allows you to save any of the property deals that
you find, kind of joining this short list. Now, the next stage is to add in the location.
So, we're gonna choose Manchester, for this example. Set some filter criteria, so, we're
gonna choose a minimum price range of, say, 60,000, maximum of about 150. We're gonna
be looking at houses. Now, you can obviously set this to whatever you like. This will work,
as I said, in any area across the UK. So you use the filter set that's kind of best for
you. In this example, I would just wanna make sure
we've got enough deals to really go through and show you, as a showcase, how many deals
and opportunities we can find, but not have too many that it's gonna take too long to
show you in today's kind of video. This is from Location. Manchester's a very
large area, so we don't need to really add in any kind of extra location distance there.
And at any time, or, you can set, kind of, date filters here. Now, this is very good,
if you wanted to really, kind of narrow down to recent listings. So there's a couple other
search tools we use this for, in our VIP Training, that we can kind of show you in later training
sessions. Sort By, and this is very good. This is what
we're gonna be majorly using today, really, is these kind of filter sets here. So we're
gonna start off on, Most Reduced, as our first filter. New Homes, Shared Ownership, or Retirement
Homes, we don't really need to see those. Auctions, you can leave in or out, depending
on, obviously, if you would consider auctions or not. Then, simply click Search, and this
brings us up our initial listings. We've got about 419 properties, shown here
in the search, and which is good. We just need to kind of really narrow down now, which
ones are potentially showing signs of the best opportunities, the ones with kind of
the best value, or potentially motivated lenders. Now this initial process is what we kind of
call a short listing. So we want to be saving properties into our short list that we think
fit our criteria. Now, the four methods that we kind of mentioned,
the first one of this is, using this filter set here, Most Reduced, and really, we're
really looking of signs of properties that had large price reductions recently ... the
combination of those two, so, large price reductions, and recent [inaudible 00:03:40].
Large price reductions really is, on itself, obviously a great sign. Recent price reductions,
in itself, is a great sign, and the combination is certainly a definitive view, let's say,
that there is potentially a deal there to be had.
So this particular one has had a price reduction recently of 18.9%, and that's great. Reduced
in August 2017, so, a couple of months back, but it's had a good price reduction on there.
Now, that could mean it was just overpriced originally, or it could mean that the vendor
is now seeking a very quick sale. So it's important to kind of consider the
situations around it, but if we were considering a two-bedroom bungalow as our potentials,
and obviously, the price range matched our yield kind of target ... so that, an income
for that area, was good, so it gave a good return ... then, absolutely, we wanna add
this to our short list. So, simply click on Save, and really, it's
as easy as that, and it's a case of going through the listings, and just spotting the
ones that are really standing out. Now, there's no set rule of thumb, in terms of discount.
Obviously, this'll vary per area, if you're in London or Liverpool or Leeds or Lincoln.
You're gonna have different locations deriving different recent discounts, depending on what
the local market is for that area. So it's good to just be abreast of what your current
location is performing like, that you wanna focus on, and then, kind of add properties
based on the criteria that you're setting. So, for example, we might have a very popular
mark, and it's rare to see discounts recently of anything over and above, say, 15%, or 10%.
So anything that did come up with that, we'd want to add. So, let's say if we set the criteria
today at, say, 10%, then we can simply just scroll down the list, assuming all of these
properties met our initial criteria, and had everything over, kind of, 10%.
So that's Search One, looking at recent price reduced properties. Next one, we're gonna
be looking at this search here, Most Popular. Now, this is great for spotting properties
that have maybe been missed by other investors, looking at, really, opportunities that aren't
standing out to the mainstream kind of searches, but could be a sign of a motivated seller,
pre-price reduction. Ow, this is really looking at Most Popular.
So, at the top of this search filter, you'd have the properties that have received the
most amounts of use, in the last 30 days. This is one here is obviously the most popular.
As you scroll down, you can see this kind of, View Rate Reduced. It starts off with
2,900, and goes down to 1,700. So, quite a big difference between these two, let's say.
So we wanna scroll all the way down down to the bottom, and we're really going to reverse
engineer this search, and go from, kind of back to front. As you can see now, this has
gone now to 759 in the last 30 days. If you go all the way back to one of the lower pages
on the list. What we'll see is that reduces right down to about 18 views in the last 30
days. So these properties at the end of list have had very little interest. So they'll
be getting very little viewings, and very little offers.
Now that could be a great opportunity, then to start showing some interest, contacting
the agent, speaking to the agents about that particular property, and arranging viewings,
and hopefully, coming forward with offers, if it's the right type of deal. Because these
types of properties and these types of vendors will hopefully be very motivated, as they're
not getting the level of interest from any of their investors or buyers. So they simply
don't have as many potential kind of offers, and interest, to go out.
Now, this could be a reason why you've got low views. As you can see here, this one's
just added, and this one's just added. So it's important to understand when the property
kind of came to market, and you usually see that listed on the left hand side, the date
of when it kind of first came to market. So, I'd pay attention to that, but if it's been
on the market for at least a couple of weeks, and it's having very little kind of interest,
then, absolutely, they'd be great properties to kind of add to the shortlist.
So, now, you can see, the shortlist starts to kind of build. But we can do further diligence
on those properties later on, and we show you exactly how to do that due diligence,
in our VIP Training. Next up, we're gonna be looking at, here's
the Most Recent. And we're really looking here for properties that have been on the
market for a long time. So, again, I'm gonna reverse engineer this initial search. Now,
this will automatically put us near the end of our search criteria, because we were looking
at later pages in our previous search. So these properties, you can see, this one
came on in August 2016. So it's way over a year ago now. On for offers, over 95, two-bedroom
terrace, fits all our criteria. It's been up for market for a long time, so it would
be a great one to save. And again, simply going down this list, and any ones that have
been on the market for awhile, can really highlight some potential deals.
Why vendors maybe aren't getting the level of interest from other buyers? Maybe things
have started to change, and they've not had the chance, or considered a price reduction,
on the open market. But they would consider an offer. So any property that's been on the
market for a long time could potentially be a good sign of a motivated seller. Not directly,
not outwardly, but it allows you to maybe spot opportunities that other investors and
other buyers might be missing. So that's the third way. And then, the fourth
option, we're gonna be looking at just using the map of criteria. So, as I said, this whole
method, process, is really a shortened and abridged version of a couple different methods
of how to find great value deals in your location. So, each one of these, you can expand on further,
and there is other kind of methods you can bring in to these, kind of initial searches,
but hopefully, this gives you some great context to start adding deals to your initial short
list. Now, this map search, what we're trying to
find here is properties that are, maybe undervalued, or have been valued, maybe low, to attract
interest from buyers, because the owners want to sell quickly. By doing it on a map search,
it's way easier to try and spot these potential opportunities. You can also overlay here,
with a heat map tool, which is a pretty cool way of trying to understand, really, from
a value perspective, of what the local values are in a given area.
So you can go from low to high. So, blue, dark blue, is very low value prices. Dark
red is very high value prices. So, maybe, if in your location, you know you need a particular
yield, and that yield is only derived in areas of, maybe kind of medium to low value price
range properties, you're able to kind of spot that, using the heat map.
We just take off the heat overlay, and then we can start to look at the initial listings.
Now, anything with a star on it is a property that we've already saved. Anything without
is one that's just a general listing. Now, what we wanna simply do here, is just type
a load of the listings, click on them, and try and understand what the local price ranges
are, in each of those sort of streets. We've got two-bedroom terrace here, on for
offers of over 100,000, and a two-bed here, for 130, and a three-bed for 130. So, out
of those three listings, they're all local, and close to each other. This one is kind
of, mixed price, let's say, or it's priced, certainly, at a lower value that would attract
my interest, when we're looking to count a potential deal as standing out as a potential
opportunity. That's as simple as that. We're just looking
for any outliers, any properties that's a maybe, lower value price, compared to some
of its surroundings. This one's on for three-bed, for over 95, so let's save that one. Because
a local one here is up for 110. So, again, a good difference, in terms of those two values.
Same type of property, might be in different condition, but it's on for a great kind of
discount, or great price range, currently. It's as simple as that. It's a case of then,
just going through each of the listings, scrolling across, kind of your target area, and just
trying to spot any outliers, to add to your current property potentials.
So, hopefully, you found that helpful. Any questions, don't hesitate to ask, and I look
forward coaching all of you in the next video. So I hope you found that video helpful. As
I said, it's just really a condensed guide and version of just some of the techniques
and tips and tactics, really, that we use in our VIP Property Training.
If you found that helpful, and you wanted to learn a little bit more property, maybe
about different strategies that are available, maybe about how to get kind of started, what
are the next steps, and anything like that ... we cover all of these in a free training
course for you. All you need to do is click on the link, and run this video. That'll take
you through to the training course. As I said, it's completely free. You just need to opt
in with your email address, and you get access to all of that kind of training content.
Any questions, as always, don't hesitate to ask, and I look forward to seeing you on the
free training shortly. All the best, take care, bye bye.