Date Year
11/03 2008
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Quick note about the
Deal Alerts Service
Firstly - due to a long-overdue holiday, there has been a very noticeable drop in deals! I hope to be ramping up the number of deals. In fact, everything I am receiving I am packaging up solely for investors at the moment. I have two problem tenants, and four vacant properties (two just completed, two needing renovation) - so I have quite enough on my plate at the moment (22 props in 5 months - I don't recommend it).
Secondly - some of you are not receiving these deals due to the way spam filters work. Because there are a substantial number on my mailing list, and I send email alerts in bulk, your email provider (yahoo, hotmail, or whoever) may have blocked my emails from reaching your inbox.
You may find that they have gone, or continue to go, to your 'spam' or 'bulk' box - the place where all the nasty unwanted stuff goes...
The best solution is to highlight my emails if they appear in the spam box, and click the 'not spam' button (if you have one). You should also ensure that you add my email address (arlojwhite@yahoo.co.uk) to your email service address book. The spam filter programme should recognise my name as a 'friend', and allow the emails through!
Thirdly - in future Deal Alerts, I will not be revealing my Finder's Fee (FF) or the actual Agreed Price (AP) with the vendor , instead only giving Your Purchase Price (YPP). This is calculated as AP+FF=YPP. The reasons for this are many, and if you want me to discuss it with you please phone me. But the bottom line is - it costs me a huge amount of money, time and effort to generate and negotiate these deals - and all my fees go back into the business.
For example - have had some investors refuse to take on a 17% deal (after FF) because my FF was £5,000, and criticise me for it - but the same people jump at deals which are 15% with my FF being £500. I do not see the logic in that.
The deal should be attractive to you in its own right - and not basis of how much I am theoretically 'making' (as I said, not much, it all goes back into marketing - or paying someone else a 1%+ fee for providing me with the lead in the first place!). As the bank is paying me the FF (and your deposit of course!) through remortgage - the proposition you are left with should be the only investment consideration.
Once I offer the deal to someone, they will have 24 hours to review all the Due Diligence, photos etc - and they will of course know what the FF and AP are.
Hope to hear from you soon - please feel free to email or call if you have any comments, questions or suggested improvements to this Packaged Deal Service
Regards
Arlo
PS -
Reminder - Liverpool Property Investors Network Evening - Tuesday at 7pm, Blue Bar, Albert Dock, Liverpool!
If you intend to go, or have any suggestions/ideas about future events (speakers, venues, dates, etc) - please email Rachel Neill (racheljneill@yahoo.co.uk), who wil be glad to hear from you! |
