Ajay Ahuja at it again - Crash denial

ajayahuja

yes thats right, my mortgage payments average £125!!!!!!

i have loads with mortgage express - current rate 2.25%.

my typical debt on a property is £25k and at 2.25% works out around £50 per month. the rent is £300+

now get this: i do not care if prices fall once i have bought - i simply buy more!

think about it. if prices crash to £1, how many properties are you going to buy? i know i will buy as many as i possibly could. it is all about YIELD. nothing to do with what the property's value is once bought.

if you are not an investor you will never understand this concept. if you do invest then of course you will understand this concept as you would have experienced this yourself.

ajayahuja

Fraud? have you spoken to a solicitor? i DEAL with 4 solicitors who use this no money down system which is 100% legal!!!!!!

the lenders KNOW how it works. they use THEIR valuers. full disclosure is applied.

you need to pick up your pace of learning. No money down has got very sophisticated due to CML and law society rules but with a smart solicitor NMD can be achieved if you are able to get the properties valued up. this is the key.

reduceditem

ajayahuja wrote: »

yes thats right, my mortgage payments average £125!!!!!!

i have loads with mortgage express - current rate 2.25%.

my typical debt on a property is £25k and at 2.25% works out around £50 per month. the rent is £300+

now get this: i do not care if prices fall once i have bought - i simply buy more!

think about it. if prices crash to £1, how many properties are you going to buy? i know i will buy as many as i possibly could. it is all about YIELD. nothing to do with what the property's value is once bought.

if you are not an investor you will never understand this concept. if you do invest then of course you will understand this concept as you would have experienced this yourself.

Yes, you're a genius Ajay!

(as long as you can get lodgers willing to pay your rent)

The scramble amongst BTL's in Glasgow to get tenants is becoming unseemly.

mp2

ajayahuja wrote: »

yes thats right, my mortgage payments average £125!!!!!!

i have loads with mortgage express - current rate 2.25%.

my typical debt on a property is £25k and at 2.25% works out around £50 per month. the rent is £300+

now get this: i do not care if prices fall once i have bought - i simply buy more!

think about it. if prices crash to £1, how many properties are you going to buy? i know i will buy as many as i possibly could. it is all about YIELD. nothing to do with what the property's value is once bought.

if you are not an investor you will never understand this concept. if you do invest then of course you will understand this concept as you would have experienced this yourself.

erm no, i dont think you quite understand how a market works. if you bought a house in the last few years and someone else buys a similar house for 40% cheaper they will undercut you at every angle.

your mortgage payments are based at peak prices therefore everyone with a 40% smaller mortgage than what you have got will undercut your rent. why? because they can.

your problem is the BTL investors of tomorrow, because they will be buying the same properties that you have in your portfolio at a cheaper price and will be taking your tenanats because they can get the same returns that you use to but at lower rents.

if you were starting afresh when its at the bottom then yes cheap properties are obviously good.

however if you already have 200 properties, or any property bought during the boom youre trying to compete against yesterdays market prices.

everyone else buying tomorrow will undercut your business and drive rental prices down, thats what a market does.

remember, your 200 properties will be competing against the btl investors of tomorrow, not yesterdays.

so if you buy now, and someone else buys down the street for 20% less next year. they can charge 20% less rent than you can, every year, for the next 25 years, and still get the same returns that you wanted. i.e everyone else will simply take all your business, or drive down rents to their level.

ajayahuja

mp2 - you obviously are not in business are you?

there is no auction of rents and undercutting going on! rents are fixed. LHA rates. they move upwards! did you know we have a shortgage of homes in the UK?

also, mortgages have shrunk by 66% on properties bought pre 2007. so someone buying now has to be buying at 50% of 2007 prices to get the mortgage payment we are currently getting. this is not happening yet.

there are alot of people on here that do not have any business acumen here and make rather strange comments which i do not see in any forums. i would suggest you hop over to some of the large property forums (not HPC!) and try and understand how property works. it is a simple way to get rich!

or you can visit my site.

ajayahuja

socks, trolls? why do people waste time posting silly pics. i used to be a teenager once, but come on guys. do you want to make money or post silly pics and call people names?

if you do not want to make money then let me see the best silly pic you can post about me.

the winner gets £100 paid via paypal. closing date 30th May 2009. and i will feature you in my blog (thats if you want to!).

Ajay

ps you are going to have to do better than a sock puppet muppets!

mewbie_2

ajayahuja wrote: »

i used to be a teenager

What are we likely to learn from a Money Saving Newbie?

Zelie

Jebus this is like the thread that never dies. Zombies!!! Nooooooo!!!!

fc123

This is better than Felixstowe docks thread.

BTW AA, What happens when interest rates go up again?
As property is meant to be a long term investment surely sums should take into account average interest rates over the 25 years, not whwere they are now?
That's the problem with your business model...it promotes profits today based on todays interest rates and prices...but what happens in 10 yrs? Still 15 yrs to go before mortage paid off but costs could be completely different then.

ad9898_3

fc123 wrote: »

This is better than Felixstowe docks thread.

BTW AA, What happens when interest rates go up again?
As property is meant to be a long term investment surely sums should take into account average interest rates over the 25 years, not whwere they are now?
That's the problem with your business model...it promotes profits today based on todays interest rates and prices...but what happens in 10 yrs? Still 15 yrs to go before mortage paid off but costs could be completely different then.

On a slightly different topic, it's precisely why I would urge FTB'rs to hold out, not buy and carry on saving while prices are falling. 25 years is a long time and basing any loan on current IR's (unless fixed for the whole period of the loan), is a folly.