Comments on: Property Auction Gold: £9,000 profit in just 48 hours (or £30,000 in 8 weeks)

By: Lyndon Forshaw

Lyndon Forshaw — Tue, 18 May 2010 14:32:28 +0000

HI Gary, there is a run down of the main work carried out on the blog

Cheers

Lyndon

By: Garry

Garry — Thu, 13 May 2010 08:54:06 +0000

Hi Just read you article about refurbing the house that needed a full refurb, you estimated the cost at £25,000. Is it possible that you could give a basic breakdown? Thanks Garry

By: Lyndon Forshaw

Lyndon Forshaw — Fri, 20 Nov 2009 11:58:13 +0000

Hi Alison,
Yes there are some great deals to be had in the auction rooms or even before the auction as you can often secure them prior. However, funding is key. Most bridging companies require a deposit contribution today so you will require cash input. Another restriction is the 6 month rule. This means that you now have to own the property for a minimum of 6 months before re-mortgage. Therefore if you buy a property using bridging finance you need to be aware that you will have to cover the loan payments for at least 6 months before you can re-finance onto a cheaper term loan. Having said this if you buy the right property at a the right price, then it can still become a LOW money down deal but I think you will struggle to make it no money down. Borrowing bridging funds from friends or family is a good option if available too.

Hope this helps

By: Alison

Alison — Tue, 17 Nov 2009 17:51:23 +0000

Hi Lyndon,

i keep looking at all the bargain properties on sale at auctions at the moment but haven’t a clue about getting the finances to buy them – if i want to do them up quickly and sell on is a bridging loan the best thing or are auctions best for those people with good cash flows? any help would be great.
many thanks

By: Lyndon Forshaw

Lyndon Forshaw — Thu, 29 Oct 2009 20:19:58 +0000

HI, Can you tell me where your property is?
cheers

Lyndon

By: Shahid

Shahid — Sun, 25 Oct 2009 16:48:02 +0000

Hi i have just bought a rundown property for refurbishment can you give the contact details of your builder as am i struggling to find a good one.

By: Donnieboy

Donnieboy — Mon, 12 Oct 2009 13:22:19 +0000

Just wanted to drop you a line to say, I enjoy reading your site. I thought about starting a blog myself but don’t have the time.
Oh well maybe one day….

By: Auction Property Renovation Project. Done and Dusted! - UK Property Expert Blog

Auction Property Renovation Project. Done and Dusted! - UK Property Expert Blog — Mon, 17 Aug 2009 09:46:45 +0000

[...] Auction Property Renovation Project. Done and Dusted! Aug 17, 2009 | under Investments, Property | by Lyndon Forshaw It’s about time I brought you up to date on my little refurbishment project. [...]

By: Auction Property Refurb Project… An Update - UK Property Expert Blog

Auction Property Refurb Project… An Update - UK Property Expert Blog — Thu, 23 Jul 2009 16:08:55 +0000

[...] Property | by Lyndon Forshaw I thought I’d give you a quick update on the little refurbishment project I mentioned a few weeks [...]

By: John Carroll

John Carroll — Tue, 19 May 2009 10:51:19 +0000

If you already have a team to do the hard work what you got to lose? Go for the 30k!