Archive for the ‘UK Property’ Category

Birmingham Property Investment Networking Event

Wednesday, April 2nd, 2008

Our latest Networking Event was held at the Jurys Inn Hotel in Birmingham on Sunday.

Phillip Bueno, one of the Director’s, led the presentation where he discussed the company’s background, past, present and upcoming deals, and also about the current market conditions.

Martin Fox from Currency Solutions also came along to give a short presentation about the services and benefits on offer from his company. Currency Solutions specialise in currency exchange and can save investors considerable amounts of money on currency transfers as well as offering among the best exchange rates on the market at any one time.

It was great to see regular investors that we had never met in person, and also new faces that were interested in what the company had to offer. Unfortunately, there were a number of investors who were keen to attend but the change of the clocks the night before caused some confusion over the real time of the event, but for those who were able to come along it proved to be very successful. Investors shared experiences and stories, and also came away with some valuable information – one investor in particular had been struggling to find a managing agent for a HMO he owned in Doncaster, which was soon resolved with the help of another where business cards were exchanged. Other investors who are part of a property network also shared information with those who were interested in joining.

A number of investors remained behind following the event to join the team for Sunday lunch in the hotel restaurant.

Alison Zalecki - Customer Relations Manager, Bueno Property Investments.
Alison Zalecki
Customer Relations Manager

alison.zalecki@buenoinvestments.com

 

Property Investment Networking In London

Friday, March 14th, 2008

Another successful event!

The Bueno Team met with current and potential investors for an evening of presentations and informal networking at the Park Plaza hotel in London.

Property Investment Networking Event Held In Central London

Phillip Bueno, one of the Directors of Bueno Investments led the evening with a presentation giving a brief company overview for those who have not invested with us before, and he also went over some recent deals that we have worked on.

Phillip then went on to launch our new and very exciting deal in New York State, which generated an overwhelming amount of interest on our pre-release prior to the trip out there, and during the presentation, this proved to be no different!

Phillip Bueno talks about low deposit and no money down uk investment deals

Our invested guest talks about overseas investment deals, with a focus on Portugal

Phillip Bueno talks about low deposit and no money down uk investment deals

We invited along Gary Lafferty from Overseas Investments UK Ltd to follow on from Phil with the launch of an overseas investment in Portugal. Following this, we all reconvened in the bar where investors and the Bueno team were able to chat about experiences, future interests and market knowledge. Phil, Scott and Elliot were also on hand to have one-to-one discussions about the popular New York deal and what other deals we have coming up.

It was great to see current investors that we assist everyday but had never before met, and also see new faces where we were able to share knowledge and future prospects with.

Our next event will be held in Birmingham at the end of March. Please call us on 01784 433 353 or email networking@buenoinvestments.com for further details.

Alison Zalecki - Customer Relations Manager, Bueno Property Investments.
Alison Zalecki
Customer Relations Manager

alison.zalecki@buenoinvestments.com

 

Buying Buy To Let Property With Bueno

Thursday, March 6th, 2008

Anybody landing on this site is normally here to do one of two things, check out the staff profiles and to see if they are single, or, and I would hope more likely, to purchase an investment property in the UK or Abroad. Anyone that has arrived for the first option, I would suggest attending one of our networking events, as pictures can be very deceptive.

The reason for this blog, and there is one I promise, is to explain why buying with Bueno is something we all do, even those of us that work here.

When I first joined Bueno Investments, I knew I did want to invest in the UK market with them, having known Scott and Phil for many years, and I can now proudly say I have one house in Halifax and am on the verge of completing in Hull, all through this company.

So, what made me buy?

Having worked in the Overseas property investment world for six years, and churning out websites and working with partners that only dealt with this kind of product, joining Bueno Investments opened up a whole new world of the UK Property Investment side of things.

It was different, much different, but some how seemed more appealing than Bansko or the Costa del Sol. Granted, a two bedroom house in Hull was not exactly a dream like my mansion in Spain was, but in terms of security, appreciation and feasibility to sell on, it was a safer bet.

My brief to Elliot was quite simple. I would like a new build, 4 bedroom house in West London, no money in, guaranteed tenants for 10 years and £5,000 cash back, money that I was going to use to renovate the bathroom on my own house.

Surprisingly, we didn’t have any thing on our books on that Tuesday afternoon that matched my requirements, so it was time to sit down with Elliot and work out exactly was possible in the real world.

I am the final link between what the guys in the office secure to sell and what you, the investor, client or website visitor actually see. I publish it to the web and send out the newsletters, so I see everything that actually comes to sale.

What most of our investors do not realise is, for every 100 deals we get offered or find, we might carry out the due diligence, surveys and valuations on 10, and then only one will make it through that meets our criteria and be offered to our investors. Because we try to minimise the risk, we are very, very, very choosey when it comes to the deals we accept, we do not send out anything we get offered, like a few other investment companies can tend to do, we only send out the deals we feel are suitable for our investors.

The process of buying with the guys is easy. Elliot handles the preliminary stuff and then Alison takes over the sales progression. Apart from the forms and normal paper work you, as the investor have to do, everything else is taken care of for you.

Buying with Bueno IS different to buying with any other investment firm. As I mentioned, the risk is kept to a minimum by only offering the deals that we feel are financially structured to the degree of being an excellent investment. The majority of our stock will sell out in a couple of days, some even the same day, and with more and more of our investors buying multiples deals with us, I would hope our reputation is beginning to speak for itself.

Buying any property offers risk, we wouldn’t tell you otherwise, but by only passing on the deals that we, as staff, investors and good looking people of the world believe in, we hope the risk to any of our investors will be far outweighed by the potential returns from any of our products.

Ian Spencer, Web Manager, Bueno Property Investments
Ian Spencer
Web Manager
Ian.Spencer@buenoinvestments.com

Rosy prospects in Blackpool

Monday, January 14th, 2008

As many of you already know, I have recently been busy looking for new deals in Blackpool. I have now established high-quality and reliable relationships with a number of portfolio-owners, local agents and property management companies. These people are vastly experienced having lived, worked and invested in the area for decades. I have been soaking up their knowledge and advice during every visit.

Travelling to Blackpool is a time-consuming affair, but the quality of the deals coming through will clearly show that they are worth every minute of our precious time.The best investment opportunities in Blackpool lie in carefully selected blocks of permanent self-contained flats. These blocks cost between £200k and £500k, but thanks to their extremely high yields (8 to 9.5%) they generate eye-watering cashflows of £2000 to £9000 per annum!

I have been driving a hard bargain with vendors to acquire these blocks well below their market value in order to obtain the best value for money and minimise investor capital outlay. This enables us to offer many of these money-spinning investments for no-money down!

Why buy some of these blocks?

  • Massive cashflows of £2000 to £9000 p.a
  • Low capital outlay.
  • Void risk mitigation by having several units within the block.

The blocks we are about to release are undoubtedly amongst the soundest property investments you will ever make. The Bueno team is thrilled with the deals and the set up in place and we are integrating a number of these into our own personal portfolios. We strongly recommend our investors do the same.

To be amongst the first to benefit from these extraordinary deals, call Elliot as soon as possible. If you have specific questions regarding the blocks, the market and or the management of these blocks, do not hesitate to contact me at e.baiada@buenoinvestments.com or call me on 07976 918 053.

Edwin Baiada, Bueno Property Investments
Edwin Baiada

E.Baiada@buenoinvestments.com

 

Breaking News - Bank Of England Cut Interest Rates…

Thursday, December 6th, 2007

Great news from the Bank of England today, rates have dropped back to 5.5% this is great news for investors.

There is also talk of a possible further cut early next year, both Halifax and Nationwide have reduced their mortgages in line with this move and the other lenders are expected to follow suit.

This is great news for investors as rental coverage will be easier to acquire and profits will go up. I’m expecting a busy few weeks up to Christmas with investors taking advantage of both the great deals available and the new lower priced mortgage products.

Elliot Roe, Sales Director, Bueno Property Investments
Elliot Roe
Sales Director
elliot.roe@buenoinvestments.com

 

Investor Trip

Thursday, December 6th, 2007

One of our Irish investors decided he would like to come a view some of our stock this week so we met on Monday at East Midlands airport. It took most of the Morning to get to Hull, but it was a worthwhile drive. We looked at 9 houses and one caught his eye so we are now looking at the most effective way of financing the deal. We the went back to Nottingham and treated ourselves to a nice curry and a few drinks.

Tuesday we set off to see a new portfolio in Burnley, it had not been fully secured but we were still able to get a good idea of the area and see the outsides of the properties. It looks like they should be a strong deal and I’m sure he will go for some of them once the financial details come through.

An investor sparing the time to visit us for a couple of days works well for both us and them. They get to see how our business is run and possibly the first look at new stock, and we get to fully assess their needs and what we can offer them.

All in all it was a great couple of days and I’m sure he’ll be back to see some more houses and have another curry soon enough.

Elliot Roe, Sales Director, Bueno Property Investments
Elliot Roe
Sales Director
elliot.roe@buenoinvestments.com

 

To Hull….. and Back

Friday, November 16th, 2007

As well as looking for Low/No deposit deals, at Bueno we also think the High Yielding Investments with a normal deposit can be a great addition to any portfolio. This is why earlier this week I spent a day in Hull with our contact Arv Soar looking at his current stock and how he is changing the market and reputation in Hull.

Hull is a regeneration area and as you drive into the town you can see that business is strong and government money is being pumped into the town. This makes capital growth likely and therefore makes these cash flow positive houses a great purchase.

Arv’s system is to buy up large numbers of houses in an area and renovate them ready for tenants bringing the whole area up in value in the process. A street that was once derelict becomes in demand as the condition of the houses and general area improves. These are then sold onto investors who are given help with the management of the property and who historically then see large capital gains.

This can be done because of the scale of his business. He has a team of over 30 workmen meaning renovation can be done quickly and cost effectively and also there are managing agents ready who are careful with the tenants the recommend meaning the area is kept at the new higher standard.

We had a look around a number of these roads and viewed the available stock. Arv then went to meet the Financial Times for an interview about his Hull renovations so its defiantly worth keeping your eyes open for that. We then started on the long drive home it was a successful day and we think a number of our investors will benefit from our trip.

We will be adding some of the Hull properties to the website over the coming days and we think they are a great way of adding a cash positive asset to your portfolio. If you would like us to organise you a meeting in Hull and viewings of the houses please let me know.

Elliot Roe, Sales Director, Bueno Property Investments
Elliot Roe
Sales Director
elliot.roe@buenoinvestments.com

 

A Day in the Life of…… Part 2

Thursday, November 15th, 2007

Continued….

1pm and I was back at a mutual office in Birdwell for a meeting with a very pleasant member of the RightMove team. We had been looking to join for a while, and we had finally been able to schedule a time which worked for both of us to discuss requirements. We will feature on rightmove.com from the last week in November onwards. RightMove is predominantly used by owner occupiers to find new homes, but with the creative finance and legal packages we are able to add to deals for investors, there is no way our deals are not going to appeal to the owner-occupier market as well.

By 2:30 I had met back up with Phillip to look over some further sites we had been offered in the Barnsley and Sheffield area. In Barnsley in particular we are well known by developers, agents and portfolio owners as reliable buyers and so get offered a lot of stock. Not much of it we even consider looking at after a quick review of the figures, but on this day we had 4 new build sites which looked appealing on paper. Our letting agent joined us again to view all four sites to give us rental appraisals and to offer his local expertise of the area. Unfortunately, all four sites were not quite what we were looking for as rentals were slightly tight compared to likely mortgage outgoings and the discounts we had been told were on offer we felt did not represent discounts from a true market value. This is too often the case when offered a discount from a perceived ‘Market Value’. Even with a network of finders filtering through hundreds of deals a week to pick a select few for us to look at in further detail, there are very few that actually warrant investment from our point of view. This is what sets us apart from many other property investment companies, and my personal portfolio from many other investors I hear of and speak to.

By now it is 6pm and time for Phillip and Joe to travel back to Colchester for a busy day in our Essex offices on Friday. For me, Surrey is my next stop of call, ready for meetings in London on Friday after checking and replying to my emails from that day.

Scott Goodall, Managing Director, Bueno Property Investments
Scott Goodall
Managing Director
scott.goodall@buenoinvestments.com

 

Bueno goes Commercial

Tuesday, November 13th, 2007

Hello, just a quick blog to let everyone know about our decision to offer Commercial investment property.

It all started at the Excel investor show in London. We had a meeting with a commercial deal company and straight away we realised this could offer great opportunities for our investors. The money down is still relatively low, the deals offer more tax incentives, we can secure first year rental guarantees and the yield is very strong compared with most residential deals. So we started working with them straight away to try and create so great investment deals.

Today we have sent out our first commercial deal, it’s a Manchester investment property, being built by a highly reputable company. It has great accessibility, an excellent location and a first year guaranteed yield of 8%. I have already had a number of enquires and this is in the first two hours, so there is certainly a market for commercial property in Manchester. We’re certainly excited here at the new avenue this may open for us and our investors!

To let everyone know we will be in Dublin at the weekend doing a seminar, so if you would like to come and meet us please let us know.

Elliot Roe, Sales Director, Bueno Property Investments
Elliot Roe
Sales Director
elliot.roe@buenoinvestments.com

 

A Day in the Life of…… Part 1

Sunday, November 11th, 2007

Thursday November 8th

A business partner we have ventured into several successful Joint Ventures with in the past, Arv Soar, had brought us to Nottingham on Wednesday afternoon. We discussed for many hours some interesting ideas we have all been throwing about for a while now with regards to structuring investment funds aimed at investors who wish to prosper from property but with a fully hands off approach. We figured that there are many investors out there who would love to invest in property to a greater extent than they do now, yet do not have the time to carry out the due diligence they feel is necessary. This is where we could help; by offering shares in a portfolio built and managed by us personally, and more importantly that we invested in ourselves. Conclusion of the meeting was that we had to take things further, and so Ken Rohde will be speaking with several top solicitors next week to find out how we can structure something as user friendly and tax efficient as possible.

After a lovely meal and a few beers on Wednesday evening, we were up early on Thursday to travel to Barnsley, a journey which is never too strenuous from Nottinghamshire. In Barnsley, my fellow director Phillip met our estates manager Joe Thompson to introduce to him the next freehold he will have under his belt to manage. The site was Imperial House in Barnsley, for which we secured a very good price for the block and were able to pass great discounts on to investors. Wherever possible these days we will secure the freehold on apartment blocks where our investors have bought as there is value in these, and perhaps more importantly we can ensure the sites are looked after properly on an ongoing basis. A great example of this is Unnet Court in Smethwick where we have added tremendous value to investors’ apartments by refurbishing the block’s communal areas and have made improvements to increase the overall appeal of the site. This has added value not to the value of the freehold, but to the apartments themselves which our investors and I own.

Phillip Bueno At The Imperial House Site In Barnsley

Phillip Bueno at Imperial House in Barnsley

The Imperial House Site

Imperial House 3 Months from Completion

I left Phillip and Joe at this stage to meet our local letting agent Kierron Hirst of Qualitas Lettings. Kierron’s company manage more properties for our investors and members of our team than for anyone else and come highly recommended. I had some keys to give Kierron for deals which had just completed, and so we proceeded to look over the properties and check out the general condition. As anticipated all in order for Kierron to begin showing potential tenants around from Friday. With over 95% occupancy levels at any one time, nothing stays on Kierron’s books for long.

Part 2 To Follow …

Scott Goodall, Managing Director, Bueno Property Investments
Scott Goodall
Managing Director
scott.goodall@buenoinvestments.com