PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Have you read the property book '3+1 Plan"?

Options
geek84
geek84 Posts: 1,134 Forumite
Part of the Furniture 500 Posts Combo Breaker
in House buying, renting & selling
Hi Folks

Has anybody read the property book '3+1 Plan" by Brett Alegre-Wood?, which is supposed to be a number 1 Amazon best seller?

In it he states the idea to buy a new build or an off plan property to let out to tenants. He goes on to say the reason being the low amount of deposit required, the significant discount which builders sometimes offer in order to get some cash flow, and you won't be stuck in a property buy/sell chain. However, as you know, new builds are usually over priced, which would of course eliminate any discount which the builders may offer.

So taking this into consideration, would you buy a new build or off plan property?

Thanks

Comments

  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Sounds like he's been to one of the Inside Track property seminars ....
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Send me £24.99 and I'll send you a copy of my book on how to get rich quick...

    You'll be quids-in. Guaranteed.

    (terms & conditions apply)
  • Herbalus
    Herbalus Posts: 2,634 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    geek84 wrote: »
    Has anybody read the property book '3+1 Plan" by Brett Alegre-Wood?, which is supposed to be a number 1 Amazon best seller?

    Supposed to be? How is it supposed to be? Either it is or it isn't. I haven't looked, but my reckoning is that it isn't.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Herbalus wrote: »
    Supposed to be? How is it supposed to be? Either it is or it isn't. I haven't looked, but my reckoning is that it isn't.
    And even if it IS an Amazon best seller, you'll still get rich quicker with my tips...
  • Herbalus
    Herbalus Posts: 2,634 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    G_M wrote: »
    And even if it IS an Amazon best seller, you'll still get rich quicker with my tips...

    I believe you but for one thing. Normally these types of deals are heavily discounted. If you price it at £99.99 and then give me a 75% discount, I'd buy it in a heartbeat. :D
  • lvm
    lvm Posts: 1,544 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Is this book quite old?

    Around 5/6 yrs ago my Dad did this and at the time it was indeed an excellent idea...he was bulk buying property (new builds) at 25-30% discounts.

    You can guess how that's worked out...every one of them in negative equity and identical properties in development being sold at less than what he even paid for them. Only positive is that there's money being made while they're rented out.

    Don't buy the book...or do what it says!!
  • SG27
    SG27 Posts: 2,773 Forumite
    I expect the book is way out of date stuck in the boom times!

    And if its that good why would author bother with writing books?
  • theartfullodger
    theartfullodger Posts: 15,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    'sfunny, #1 best seller eh??

    I looked it up on Amazon and they say...
    Amazon Bestsellers Rank: 18,433 in Books


    so only 18,432 places behind #1...

    Think there are cheaper ways of getting loo-paper.

    (As so often) the 1 star reviews are most instructive....
  • robatwork
    robatwork Posts: 7,268 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    If it's such a good idea why does he waste his time writing about it? Why doesn't he just do it and make a mint?
  • WellKnownSid
    WellKnownSid Posts: 1,943 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    theartfullodger wrote: »
    so only 18,432 places behind #1...

    It's a number-1-best-seller in the category called: 'Books written by someone named Brett with 3+1 in the title' :rotfl:
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture