Welcome to the latest news from FJP Investment. It is here that we post up to date news roundups for all of our property investments. We share with you our research and answer your questions in articles posted exclusively on our website.

We focus much of our news on the property investment industry along with providing investors regular updates related to their investments. FJP Investment aims to provide quality commentary which adds value to the portfolios of our clients.

Empire Property Holdings Loan Note Update June 2017

We are pleased to state that the developments are progressing extremely well according to the business plan as part of the Empire Property Holdings loan note investment.

As you can see from the below CGI’s, the next three developments will be equally as impressive as the first three.

The King Charles House refinance has just completed & Empire Property Holdings have immediately acquired Thornhill Street. King Charles House also represents one of the fastest ever lettings process, which we think is testament to the finish Empire are achieving.

Empire Property Holdings Loan Note Photo 2

King Charles House

The development is fully let and the lift refurbishment is due to be completed in the next fortnight.

Empire Property Holdings Loan Note Photo 3

Empire Property Holdings Loan Note Photo 4

Bradshawgate

The plant equipment has arrived on site and is in the process of being installed.

The communal corridors are being plastered ready for painting and the tiler is in the process of finishing the tiling on the final floor.

The electrical distribution boards for the landlord’s supply are now installed on each floor and the new lift has been ordered.

CCB have made a formal refinance offer & they have instructed their valuation. Empire Property Holdings expect to finish the development works by mid-July. Empire would hope to complete the refinance in early August & are currently negotiating the purchase of the 6th property at present.

Empire Property Holdings Loan Note Photo 5

Empire Property Holdings Loan Note Photo 6

Empire Property Holdings Loan Note Photo 7

Newspaper House, Blackburn

Empire Property Holdings are awaiting a formal planning decision on the application but the initial feedback they have received has been positive.

Recent press coverage – Lancashire Telegraph

With this being the first apartment block in Blackburn, Empire are looking for a high specification finish as per the CGIs below.

Empire Property Holdings Loan Note Photo 8

Empire Property Holdings Loan Note Photo 9

Empire Property Holdings Loan Note Photo 10

Empire Property Holdings Loan Note Photo 11

Thornhill Street, Wakefield

As the property comes with full planning consent to change the current use, Empire have begun works immediately with initial clearing and stripping.

Build progress information and images will follow as usual in the coming updates.

Empire Property Holdings Loan Note Photo 12

Empire Property Holdings Loan Note Photo 13

EPH2 Loan Note Update

The EPH2 raise has continued to be extremely positive and has currently reached full capacity on the 2 year products respectively.

There has been a slight delay in purchasing the next prime site in Halifax due to the separate car park. However, Empire are now simply waiting for confirmation from the vendor’s Solicitor that they hold a signed contract.

Once the contracts have exchanged, we will provide you with full details along with specific computer generated images (CGIs).

Empire Property Holdings Loan Note Photo 14

Globe Works

Empire Property Holdings completed the purchase of Globe Works in Bolton on 3rd May 2017.

The Architect has been formally appointed and a meeting has been set up with the Council to discuss discharging the planning conditions and varying the existing plans.

The Structural Engineer has been appointed and the enabling works (scaffolding, sandblasting, pointing) have gone out to tender.

As you can see from the CGIs, Empire are looking to create a Manhattan loft style finish by making use of the large windows and exposed brickwork.

Empire Property Holdings Loan Note Photo 15

Empire Property Holdings Loan Note Photo 16

Empire Property Holdings Loan Note Photo 17

For more information about the Empire Property Holdings Loan Note investment  – click here.

Photo Update – Empire Property Holdings – May 2017

Today we are writing to share with you the latest updated photographs from Empire Property Holdings. With several developments, nearing completion we thought it would be a good opportunity to share the latest photographs, here on our blog.

The New Commerce House refinance has just completed and Empire Property Holdings have immediately acquired Newspaper House in Blackburn with plans in place to develop 66 flats.

King Charles House

The development is almost complete and already partially let even before completion. The remaining work is the lift refurbishment, which is due to be completed within the next month.

The entrance has been modernised with updated paintwork and signage, Empire Property Holdings have also rendered and painted the public walkway to the right, for the benefit of residents and members of the public.

This development is set up for a refinance at the end of May which will then allow Empire to proceed with Thornhill Street.

King Charles HouseKing Charles House

New Commerce House

New Commerce House

The development is now complete and fully let.

New Commerce House Empire Property May UpdateNew Commerce House
Bradshawgate May Update - Empire Property Concepts

Bradshawgate

The brand-new boiler room equipment has been ordered and is due to be delivered in the next two weeks with an anticipated 3 weeks allocated to fully install it.

Floor preparation has been completed on floors 4 and 5 ready for carpet and floors 2 and 3 are now being prepared.

Empire Property Holdings are currently reviewing quotes for both refurbishment and replacement of the existing lifts.

Bradshawgate May Update

Bradshawgate
Bradshawgate May Update Bradshawgate

Newspaper House Blackburn - Empire Property Holdings

Newspaper House

Newspaper House, Blackburn

Empire Property Holdings have completed the purchase of Newspaper House and an application has been submitted to build 66 flats with car parking. The feedback received so far has been extremely positive and this will be the first apartment block in Blackburn.

£850,000 – Purchase price
£2,640,000 – Development £40,000 x 66)
£3,490,000 – Total
£429,000 – Income (66 x £125 x 52)

The rear warehouse has been leased back to the Lancashire Telegraph for one year. This does not impact on the development itself.

CGIs have been ordered and will be available for the next update.

Thornhill Street, Wakefield

Empire will be ready to acquire this property as soon as we refinance King Charles House.  The property comes with full planning consent to change the current use to C3 apartments.

Below are the internal CGIs & we will have an external CGI ready for the next update.

£850,000 – Purchase price
£480,000 – Development cost (16 x £30,000)
£1,330,000 – Total
£112,320 – Income (16 x £135 x 52)
£50,000 – Commercial Income
£162,320 – Total income

Wilson House Wakefield

Wilson House Wakefield

Wilson House Wakefield

Wilson House Wakefield

Finally, Empire Property Concepts has just completed another significant project close to its Head Office. Princegate House is situated in a prominent location in the heart of Doncaster town centre.

Key details

    • 8 month conversion
    • 90 self-contained studio and one bedroom apartments
    • Studios let at an average of £155.00 per week inclusive of all bills apart from council tax

The raise has been extremely positive and we currently stand at over £6.5m for the 2nd property bond. As a result, Empire Property Holdings expect to acquire a prime site in Halifax next week. Once contracts have exchanged, we will provide you with full details along with the specific computer generated images (CGIs).

Globe Works Bolton

Globe Works Bolton

Globe Works

Empire Property Holdings completed the purchase of Globe Works in Bolton on 3rd May 2017.

The key consultants have been appointed to get the site ready for works to commence and the structural engineer has completed the site visit.

Initial comments from the fire consultant are being reviewed with the architect so that the plans can be updated accordingly. Quotes are currently being obtained for the scaffolding for the whole building ready for sand blasting and new windows.

As you can see from the CGIs, Empire are looking to create a Manhattan loft style finish by making use of the large windows and exposed brickwork.

Globe Works Bolton

Globe Works Bolton

Globe Works Bolton

Globe Works Bolton

Globe Works Bolton

Globe Works Bolton

Globe Works Bolton

Globe Works Bolton

Investment Opportunity

2 Year Income

Year 1: Interest at 10% p.a. payable every 6 months.
Year 2: Interest at 12% p.a. payable every 6 months

Total Interest and premium returned OVER 2 years: 22%

2 Year Growth

Year 1: Interest calculated at 10% p.a.
Year 2 (compounded) Interest calculated at 12% p.a.
4% bonus

Total Interest and premium returned AFTER 2 years = 27.2%

4 Year Growth

Year 1-4: Interest calculated at 60% simple interest in year 4.
This is equivalent to an APR of 12.5% for the 4 years.

Total Interest and premium returned AFTER 4 years = 60%

To learn more about this opportunity, click here to find out more and download a brochure.

360° Virtual Reality Site Visit to Empire Property Concepts in Doncaster

Just this past week we have spent a very exciting time with Empire Property Concepts at their head office in Doncaster.

As part of our commitment to only offer the very best investment opportunities, we value the concept of meeting our developers on a regular basis, as we have over the last four years learnt a regular flow of information between the developer, agent and the investor makes for a successful team and a good way of giving real feedback to our clients and potential investors.

Paul Rothwell, owner of Empire Property Concepts began refurbishing property some 13 years ago. The idea initially started 13 years ago with a £15,000 loan from his father, he went out and bought his first property in Nottingham converting the basement into a bedroom and renting out the other rooms to students.

The business grew thanks to the strategy of re-mortgaging a current property once the refurbishment had taken place, he would then extract the cash and use it as a deposit for the next one.

The key to his strategy is staying away from cities like London, Manchester and Birmingham as property prices are expensive in comparison to rents – we have all seen London prices but rental yields are not in keeping with price increases.

A substantial part of the Empire Property Concepts strategy is to buy up commercial property and then convert them into studios and 1 bed properties.

Empire Property Office Doncaster

Empire House – Doncaster

The building you can see in the picture above is called Empire House.

Up until the point of Empire Property Concepts acquiring the building it was an empty office block that was the former home to an HMRC Tax Office, the building is structurally solid and was purchased for £455,000.

We all agreed that £455,000 could not build a building like this!

In came Empire Property Concepts and they completed the conversion from office block to 24 self-contained studios over a 9-month period. In addition to the studios there are four commercial units on the ground floor, one of those is taken by Empire Property Concepts as their head office.

There was an average cost of £30,000 refurbishment per studio bringing total costs including interest to £1,250,000

Once the refurbishment / conversion was complete the company recoups its investment and consequently the building was valued – this came in at £1,960,000

It is at this stage the company would go to the bank and refinance, using the capital created to do further projects. The studios let for £125 per week inclusive of all bills, this equates to a maximum of £156,000 per annum in rental income along with a maximum of £40,000 in commercial rental income.

Using this strategy, you can see why Empire Property Concepts have only sold 1 property in the last 13 years! There is a far better ROI to be had from re-mortgaging already refurbished property versus taking on a mortgage to purchase and then refurbish a property.

Empire Property End Product 3

The portfolio is focussed mainly on Studios and 1 bedroom flats and often they come fully inclusive of utilities included in the rental price.

360° Virtual Reality – Studio Flat in Doncaster

**

Empire Property Concepts are currently on track to convert 200 units in the last twelve months. This figure is increasing thanks to the Loan Note Investment that has since been made available to client of FJP.

Investors are able to purchase loan notes as part of the property bonds issued by Empire Property Concepts. Using the same strategy that has built this £33 Million property empire over the last 13 years, you will make use of their contacts as they will invest your money in refurbishment projects throughout the North of England, you will then earn an income on your investment starting at 10% per annum.

The great thing about investing in property bonds, is that you are able to achieve significant returns by virtue of being invested in large scale refurbishment projects that you simply couldn’t do on your own, unless you were investing larger sums of money.

Empire Property Concepts were recently featured in the Telegraph and the Yorkshire Post.

Investment is open to UK and Overseas property investors with the entry level starting at just £20,000

Empire Property Doncaster – February Construction Update

Empire Property Concepts based in Doncaster, England have a construction update to share with investors. There is some really positive news coming with the refinance confirmation and we are expecting the valuations and legal work to start at the end of next week. Once we have further information of the refinance we will update all investors, otherwise we have a construction update to share with you.

All in all the developments that Empire Property Concepts are currently undertaking are proving to be extremely positive and are already receiving significant interest from prospective tenants.

In case you missed it, Empire Property Doncaster was recently covered in the Daily Telegraph recently talking about the £33 million property portfolio that has been built over the last decade.

Paul Rothwell Empire Property Doncaster

Paul Rothwell Empire Property Doncaster

There has been a lot of positive press reports focussing on the impact Empire Property Concepts is having in urban areas, which is about turning unwanted eyesores into clean and modern accommodation.

Empire Property Concepts has been in business the last decade and has so far refurbished more than 1,050 properties. In the last couple of years this process has been accelerated with the launch of the property bond. You can read all about this here: Empire property holdings reviews.

King Charles House

Emerging Property Bond - King Charles House 3

With extra resources applied to King Charles House, it means the project is progressing extremely well. Second fix electrical and plumbing is almost completed.

Empire Property Doncaster - King Charles House Update February 1

Empire Property Doncaster - King Charles House Update February 2

The kitchens are starting to go in and the tilers are working their way through the bathrooms.

Empire Property Doncaster - King Charles House Update February 3

New Commerce House

Emerging Property Bond - New Commerce House 3

We are now into the final push for New Commerce House and minor snagging has now been approved. The flooring was recently completed throughout and furniture has since been ordered for all of the apartments. The external works, which included lighting and CCTV have now been completed.

Shortly, we will receive professional images from Empire Property Concepts which will be of the show flats, these should be with us in the next few weeks.

Empire Property Doncaster - New Commerce House Update February 1

Empire Property Doncaster - New Commerce House Update February 2

The good news is that a local letting agent has already agreed 15 pre-lets which accounts for a good 50% of the development. It is expected that this development will be fully let within a month.

Empire Property Doncaster - New Commerce House Update February 3

63 Bradshawgate

Bradshawgate - Empire Property Holdings - Property Bond

Bradshawgate – Empire Property Holdings – Property Bond

The majority of the kitchens now installed and the tiling of the splash backs well underway. The bathrooms on the 3rd to 5th floors are fully tiled ready for sanitary wear.

The new roof is now complete and marketing the residential units for pre-lets has begun with a national lettings agent.

Empire Property Doncaster - 63 Bradshawgate Update February 1

Empire Property Doncaster - 63 Bradshawgate Update February 2

Empire Property Doncaster - 63 Bradshawgate Update February 3

 

The decorators are working their way down the building following the second fixes.

You can see from the Computer Generated Images (CGIs) the finish that Empire Property Concepts are hoping to achieve.

Empire Property Doncaster - 63 Bradshawgate Update February 4

Empire Property Doncaster - 63 Bradshawgate Update February 5

 

Find out more about property investment bonds and learn why this is one of our most popular investment opportunities for 2017.

“Empire Property Holdings” and “Empire Property Holdings 2” were incorporated as special purpose vehicles to acquire commercial properties for development into residential accommodation by the esteemed developer, Empire Property Concepts.

Property Bond UPDATE: Empire Property Holdings 2

This article is being written in response to meetings held last week with directors of the property bond we are currently raising funds for. The Empire Property bond phase 1 sold out at the back end of 2016 and has since launched the second phase aptly named “Empire Property Holdings 2”.

Empire Property Concepts have set up an SPV (Special Purchase Vehicles) for each bond issue and once the funds have been raised the SPV stops accepting investment.

  • The first property bond: Empire Property Holdings £6 Million.
  • The second property bond: Empire Property Holdings 2: £18 Million.

It is worth noting that the number of properties completed over the last 11 years now total an incredible 1,050. Empire Property Concepts fund the majority of their developments themselves, they also make use of funds from the bank where appropriate.

The advantage of using funds from investors is that they can:

  1. Grow quicker
  2. Buy with cash immediately
  3. Refurbish several developments over the lifecycle of the bond.

With the new 4 year option, it means that the investors funds can be used multiple times throughout the 48 month period to fund, develop and repeat.

Globe CGI - Empire Property Concepts

Property Bond Example:

Purchase a building for £1 Million and refurbish it for £600,000 – property is now worth £2.5 Million and they can then refinance the deal at say 70%.

Empire Property Concepts have been working away at the UK property market for the best part of 11 years, the owner of the company is Paul Rothwell and he has built the business since 2004.

Paul has been a successful property developer and investor since 2004, and is a member of the National Landlords Association. He acquired his first property at University and has grown his personal and family property portfolio significantly.

Paul has extensive experience of property acquisition, development management, and a thorough knowledge and understanding of planning, housing and regulation departments, which has led to his successful strategy to acquire and develop land and property.

He has prepared proposals for suitable investments, and has developed a growth strategy utilising both private and commercial investment. Paul has worked tirelessly with planning consultants,architects, and Local Authority Officers, to perfect his HMO strategy, ensure full compliance, and achieve significant rental yields.

Paul transferred the intellectual property he has acquired through his personal portfolio, to a tangible ready to market service. Paul is also the sole shareholder and sole director of Empire Property Concepts Limited (the Developer) and through his role at this company he has generated many useful contacts within the property development, management and investment industry together with multiple income streams from consultancy roles and joint venture arrangements.

Conclusion

The owner and the company itself, clearly know what they are doing when it comes to making money from property. Utilising investors funds means they are able to scale their model at a rapid pace and just as important, they are able to pay a very good return to the investor. Added bonus is that there is a security trustee which is your protection should the company default.

Your position in the deal is as strong as if you were a bank giving the company a mortgage on a property. Knowing the capability of the borrower (the company) we can agree that they are a more than suitable candidate for acquiring the finance.

With investors acting as the bank, it works out as cheap finance for the company over a 24 month period. The company is able to redevelop several developments over the 2 year period and therefore maintain their 100% track record of delivering what they say they will.

Equally for the investor, the returns are very good. This is why it works. The company wins by getting cheap finance and therefore they are able to achieve their commercial objectives, secondly the investor wins by achieving a safe return on his investment capital knowing that he has invested in a secure property bond.

Empire Property Concepts Update – Further Expansion

Joseph Locke House – Empire Property Concepts

Empire Property Concepts have just completed on an excellent property which is one for the future. The company has paid £1.85 million for Joseph Locke House which is currently used as commercial office space. The building was government use and has been purchased by Empire Property Concepts and will undergo a conversion from offices to residential use in early 2017.

The property itself is solid, no issues in terms of structure. It is a very well built property over five levels with more than 45,000 square feet of workable space. The building will continue to provide commercial usage until the expiry of leases to existing tenants.

This purchase is yet another example of the delivery of commercial properties being converted to apartments, providing residential housing all across the north of England.

This particular property was built in 1991 as a five floor property plus a basement as well as two car parks with enough spaces for 130 cars. The property has been used as a Jobcentre and benefits office and the two top floors are currently occupied by the Department for Work and Pensions.

Joseph Locke House is a big, solid building and would have cost a lot more than £1.85 million to build it. With the council already approving a scheme to convert the building into 170 residential units this makes way for a great investment opportunity in the future.

For now the focus is on the current tenants, with the remaining leases expiring in early 2018, the company is focussing on securing some short term commercial tenants prior to the task of converting the building to residential.

Empire Property Concepts is converting on average 200 units per year, the approach taken will be in keeping with the methods employed over the last 11 years.

Empire Property Investment

In summary, the full £6 million has been raised & the bond has now been closed to new investors.

63 Bradshawgate & New Commerce House are nearing completion as per the update below.

Empire Property are now in the process of formally purchasing King Charles House & should be able to transfer all contractors to the site in an effort to speed up development works.

The next three potential development properties & these are being lined up along with first stage refinance. Further details about this process will be provided over the next few updates.

New Commerce House

New Commerce House Update

Construction works are progressing quickly on all floors. Services have been isolated on all floors & temporary electrical distribution boards have been installed.

The loft is now 1st fixed electrically. Insulation & plasterboard to the walls are complete & skimming is nearing completion.

New Commerce House Update 1

1st floor works are progressing well and 2nd fix electrics have commenced. Plaster-boarding & skimming is complete. All shower trays have been installed & wall tiling is progressing.

Mist coating has progressed & some of the rooms have received their 2nd coat. Empire Property Doncaster have the majority of the kitchen units are on site and are in the process of being installed.

New Commerce House Update 2

Ground floor works are also progressing well with 1st fix electrics & plumbing complete. Plaster skimming is complete in all rooms & mist coating has commenced with some rooms having received a 2nd coat.

The installation of the kitchens has commenced & 2nd fix plumbing is progressing, as is the wall & floor tiling. 2nd fix joinery is progressing & most of the doors have been hung.

New Commerce House Update 3

63 Bradshawgate

 

Emerging Property Bond - Bradshawgate 3

The windows are now fully installed. The insulation and plasterboard is now complete on all floors which in turn is allowing the skimming to follow on.

63 Bradshawgate Update 1

63 Bradshawgate Update 2

On the 5th floor, 12 en-suites are tiled & have doors fitted. Plaster boarding to the corridor walls is progressing well & and kitchens are now being fitted.

On the 4th floor, corridor walls are 90% complete. Armoured cable installation has commenced & installed to 4 rooms. All floor cores have been formed & ceramic tiling is about to start.

63 Bradshawgate Update 3

On the 3rd floor, all cores in floor have been formed, metal fixed to all ceilings & corridor walls have been boarded.

On the 1st & 2nd floors, all rooms and corridor walls have been plaster boarded. Flooring cores is progressing well & metal has been fixed to all ceilings.

63 Bradshawgate Update 4

For those of you that have visited Empire House, you will have seen first hand the finish routinely achieved.

We will shortly have more details about the next property bond available for you to invest, as soon as we have those details we will share them with our registered investors.

Empire Property Bond Phase 1 Sold Out

The £6 million Empire Property bond was completed on Friday of last week. The company has successfully raised the capital required to close the bond ahead of schedule. The Empire Property bond phase 1 is now closed and within the next 7 days we will see the launch of phase 2.

New Commerce House & 63 Bradshawgate are approximately 75% complete as per the update below and Empire Property Holdings are now in the process of finalising the purchase of their third development, King Charles House.

New Commerce House Update

New Commerce House - Empire Property Holdings

New Commerce House – Empire Property Holdings

Empire Property Holdings (EPH) have made significant progress at New Commerce House. The development is now around 75% complete and works are due to be completed by the end of October.

Health, safety and housekeeping on site is excellent and EPH are on target to meet the original build timescales that were set.

The top floor of New Commerce House is 100% complete up to plaster skin and 80% has the first coat of paint. Loft works to mezzanine is 10% complete to boarding stage and skimming commenced last week. The ground floor is 80% skimmed.

Kitchens will start to be installed by the end of this week on the top floor and the decorators will follow downwards through the development also.

Window refurbishment and internal glazing is being prepared to start on the upper level next week. Some re-glazing will be required to preserve the appearance of the building due to it being in a conservation area.

New Commerce House is currently being refinanced and the capital injection will go back in to the Loan Note to allow EPH to pay investors income and to continue developing further properties.

63 Bradshawgate Update

Bradshawgate - Empire Property Holdings - Property Bond

Bradshawgate – Empire Property Holdings – Property Bond

In addition to New Commerce House, Empire Property Holdings has also made significant progress at 63 Bradshawgate with the lower floors of the project starting to take shape.

The insulation and plasterboard is complete from floors 3 to 5, and 95% complete in floors 1 & 2. Insulation & plasterboard to the ceilings has now commenced, which in turn is allowing the skimming to follow on.

Holes have been cored throughout the entire building. 1st fix electrical & plumbing is complete throughout the building. 

63 Bradshawgate is expected to be completed by the start of November.

63 Bradshawgate is currently being refinanced and the capital injection will go back in to the Loan Note to allow EPH to pay investors income and to continue developing further properties.

Investment Highlights
  • 2-year investment term
  • Year 1 interest fixed at 10%
  • Year 2 interest fixed at 12%
  • Option for bi-annual income or compounded growth
  • Secured by First & Only Legal Charge
  • Automatic Exit Strategy at the end of the term
  • A pioneering developer with a proven track record
  • Developments to be retained within the group portfolio
  • Investment from as little as only £10,000

It is with great pleasure to inform you that the next three development properties have been selected and in the next 7 days we will have the launch of phase 2 for the Empire Property bond.

Are You a Budding Property Investor?

There is a certain image of the typical property investor we see portrayed on TV and in the movies from time to time. He (because it mostly often does appear to be a ‘he’), tends to swagger around a bit, suck on eye-wateringly expensive cigars and wear razor sharp suits which, unfortunately, tend to be too small for him.

Those of us in the property market know this fiction is just that – something very far from the truth. Granted the world of property investing can be extremely lucrative, but that doesn’t mean it is for everyone. We’re not all swanning off to the Bahamas for six months every year and for those who do make a mint, they don’t necessarily go around boasting about it, or showing off.

Property Investing in London

Property Investing in London

It takes all sorts to be a property investor

Many property investors are driven, to the extent they love what they do and hate taking any time off (these tend to be your small-profile buy to let landlords). Other investors are happy to dip their finger in now and then but leave most of the wheeling and dealing to others (our friends who invest in property shares).

What we’re trying to say in this article is that there’s not one type of personality who ventures into the property industry. It really does take all sorts. Where we can point out a distinction though, is in whether that individual is a high risk or a low risk investor. By ‘high risk’ we mean he or she having plenty of nerve to the extent they are prepared to go for deals others wouldn’t touch with a bargepole. Provided they have done their due diligence beforehand then this is the type of individual who will speed towards – and meet – their financial target in no time at all.

Property Investment Success

Property Investment Success

The low risk investor, on the other hand, is a cautious individual who tends to stick with a couple of buy to lets for years before investing in another property as much as a decade down the line. He or she obviously won’t make a mint overnight but they’ll be able to fall asleep when their head hits the pillow last thing at night.

Where do you reckon you fit in between the two categories outlined here?

High risk investor personality

  • Friends, family and colleagues love it when you turn up to a party because you’re always the ‘life and soul.’
  • You’re not a worrier. If you lost cash with a bad investment then so be it. As far as you’ve concerned our fortunes see-saw. You know your chance will come round again.
  • You’re spontaneous but also a little too impatient – much to the annoyance of friends and family.
  • You’re definitely a ‘go with your gut instinct’ type of person.
  • You’ll opt for hedge funds over emerging markets every time.

Low risk investor personality

  • You like to stand back at a party assessing everyone before you can even begin to relax. You don’t like letting folks down and can always be relied on to turn up to most events you get an invite for.
  • You’ll always opt for a diversification strategy rather than put all your money into one big investment.
  • Government bonds and deposit accounts is where your savings end up.
  • Your friends have mentioned you could do with ‘loosening up’ a bit more.
  • You may not be the quickest to make a decision over a property deal but when you do, you’ll never change your mind.

Most of us are probably somewhere in between both these two extremes and where we are on that continuum changes depending on how long we’ve been investing for and how successful our deals have been. Essentially though, confidence should come with every passing year.

Property Investor vs Businessman

Property Investor vs Businessman

The egalitarian nature of property investing

Perhaps the most impressive aspect of property investing – aside from the fortunes to be made – is the egalitarian nature of it. By that we mean you don’t actually need a lot of money to start out in the sector. Provided you have enough cash to put down a deposit for one buy to let you’re more or less off.

It’s how you act afterwards that dictates how the path before you will unfold. If you’re a high risk investor, for instance, and you manage to find a good mentor, you could be packing in your day job within a year or two. Now, truthfully, how does that sound?

FJP Investment have recently launched a hands-off property investment bond, managed by Empire Property Holdings.

The Pros and Cons of Having a Property Mentor

If you’ve just entered the world of property investment you’ll be a bit short on contacts and no doubt still fumbling around for deals. So it makes sense then to consider hiring the services of a mentor. Or does it?

In this article we’ll look at the pros and cons of having a guide on your shoulder, so to speak.

Why hiring a property mentor makes sense

Property Investment Mentor

Property Investment Mentor

  • Being new at anything doesn’t lend itself to having bags of confidence, or motivation for that matter. Having an expert on your side does though. He or she will make sure you jump in and take that great deal rather than allowing you to stand on the sidelines and hesitate because you’re ‘just not sure.’ He or she won’t allow that little knockback you’ve just had get in the way of your building up a property empire.
  • Confidence boost. Mentors are great at sharing their own strategy with clients. Knowing it worked for them, and in similar market conditions, should give you the confidence to plunge right in with your own ambitions.
  • Save time. Instead of having to negotiate your way through the jungles of paperwork and online property news sites out there, your mentor will highlight all you need to know. He or she will have been in the industry long enough to know who you should be reading and why.
  • Listen to you. Let’s face it, not everyone you know is going to share your passion for property investment. In fact, very few of your friends and family will. And that’s where a property mentor comes in. You and he/she can spend ages dissecting every little potential deal and ‘the one that got away.’ 
  • Make things happen quicker. Hire a property mentor and you’ll be forewarned about all those little stumbling blocks – the ones that will make you fall down the rungs again just as you’re coming to the profitable last square in that metaphorical game of property snakes and ladders. With the result you’ve got more chance of reaching the end goal quicker than if you were on your own.
  • Inherit contacts. If they’re feeling generous, who knows your mentor may even help you out with personal contacts. Mentors are, in fact, invaluable when it comes to networking and getting to know who’s who in your new world.

Why there’s no point in hiring a property mentor

Property Mentor

Property Mentor

  • Instead of spending hundreds of pounds (not to mention hours of your time) on a mentoring course, you could be using the cash to add to your down payment on a new buy to let or renovating that refurbishment property you’ve just bought at auction
  • Undermining your own strategy. Even if you feel extremely comfortable with your ‘slow burn’ strategy, it can be tempting to abandon it and go with the ‘get rich quick’ one your property mentor is advocating even if, in your heart of hearts, you know it’s not the right one for you.
  • No negatives. It’s a property mentor’s role to get you enthusiastic and motivated about your new property investment sideline/career. They won’t do that by pointing out the negative side of the industry (the laboriousness of being a landlord at times etc) so it can all seem rather rose-tinted to begin with.
  • End up alone. If the mentor you go for is more of a book and course type, then they’re not always going to be around. Chances are you’ll have to keep referring to the literature they’ve given you – which isn’t particularly motivating.
  • No guarantees. A mentor can advise on what worked for them and how they think your strategy has the best chance of being successful, but they can’t promise that you’ll make a profit. The hard work is yours when it comes down to it.

As you can see from the above, there are negatives and positives to hiring a property investment mentor. Just because it worked for your neighbour doesn’t mean it will for you. On the whole though, it does make sense to tap into someone’s expert knowledge, especially if it’s a field you’re not too sure about yourself. It’s what you do with that information afterwards that’s the important part.

Latest Investment: Empire Property Holdings have recently launched the property investment bond.

5 Best Cities to Invest in Property in UK

It shouldn’t come as a surprise to anyone in the least interested in the prospects of the UK property market to see that of the top five cities to invest in property outside London, Manchester sits snugly amongst the leaders.

The city which last year boasted the third highest number of foreign visitors in the UK does, after all, make a huge claim as the new home of the BBC as well as fostering a flourishing media community.

But more on that later. Also up there in the palm of prosperity sit Glasgow, Liverpool Birmingham and Bristol. The city claims are based on insurance company Hometrack’s latest house price survey published last month, which showed the increase in house prices today compared to 2007, just prior to the credit crunch. We’ve also done our own analysis by looking the likelihood of future house sales thanks to redevelopment and a move northwards by investors out of London. The latter is mainly a response to the three per cent tax on second homes and higher London house prices in general.

Best Cities to Invest in Property

Five Best Cities To Invest In Property In The UK

Here we look at each of the five cities in turn and reveal why it’s not a bad idea to consider properties in any one of them as a boost to your investment portfolio:

Glasgow

Scotland’s second largest city after Edinburgh, this much more affordable neighbour is home to Scotland’s media industry, based in the Digital Media Quarter at Pacific Quay. Glasgow also boasts a number of huge blue chip companies such as Morgan Stanley, esure, JP Morgan, Aon and Paribas – to the extent one in 13 employees in the city work in financial services. The average house price here is £155,221, with a typical one bedroom flat in the city centre renting for £602.17 per month.

Glasgow Best Cities to Invest in Property

Glasgow Best Cities to Invest in Property

Liverpool

The former home of the Beatles has benefitted from £5 million in regeneration funding over the past few years with a further £7million of development planned for the next 10 years. Economists reckon 95,000 new jobs will be created in Liverpool over the next four years. The city is also home to more fast-growing firms than anywhere else in the UK, according to a survey published earlier this year by the Enterprise Research Centre. The average house here costs £103,598 while a one bedroom in the city centre rents for around £548.19 per month.

Liverpool Best Cities to Invest in Property

Liverpool Best Cities to Invest in Property

Birmingham

With the promise of journey times into London in under an hour on HR2, Birmingham is set to spend more than £1bn over the next three decades creating 36,000 jobs and 4,000 new homes. Biggest employers in the region include National Express, Sainsbury’s and Lloyds Banking Group while the Science Park at Aston is home to 86 technology companies. The city is by far one of the best cities to invest in property and even boasts also four Michelin-starred restaurants. The average house price here is £144,943 while one bedroom flats in the city centre let for around  £701.32.

Birmingham Bullring Best Cities to Invest in Property

Birmingham Bullring Best Cities to Invest in Property

Bristol

One of the major regeneration projects in the area was the Bristol Temple Quarter Enterprise Zone which has created more than 1000 jobs to date but aims for a further 16,000 over the next 25 years. Once HR2 arrives (planned for 2018) journey times into the capital will reduce to just 80 minutes. Bristol,  together with Bath, was named by a government-backed report as the UK’s most important centre for ‘the fast-growing digital industry’ outside of London. The average house price here is £263,294 with a typical one bedroom flat in the city centre renting for £825.50 per month.

Bristol Best Cities to Invest in Property

Bristol Best Cities to Invest in Property

Manchester

The city’s NOMA project aims to create a whole new neighbourhood at a cost of £800 million over the next couple of years. The main artery of the area, One Angel Square, is the HQ of the Co-op group and cost £105 million to create three years ago. Spinningfields Business Centre was a £1.5 billion which is almost complete. The huge park is home to major companies such as Regus, Barclays, Deloitte, HSBC Bank and the Royal Bank of Scotland. House prices in Manchester average £142,508 with a typical one bedroom city flat going for £693.65 per month.

Manchester Canal Street Best Cities to Invest in Property

Manchester Canal Street Best Cities to Invest in Property

It makes sense to look northwards now that property in London no longer creates the high yields many investors enjoyed up until a couple of years ago (in fact, house prices in Bristol have been rising higher than those in the capital over the last six months, according to Hometrack).

The above five cities all provide better value in that respect. And with more individuals and families moving out of London unable to afford such high rents, these five hot spots are looking increasingly attractive to investors and buy to let landlords as time goes on. Just don’t hang around too long…