RICHBRITS NEWSLETTER UPDATE...

The next Richbrits Networking Event is happening on Monday 7th December 6.30pm - 9.00pm **PLEASE NOTE NEW START TIME**

Billionaire author Mark Victor Hansen is expecting Big Things from this Man! Bob Proctor from the movie The Secret has commissioned him with the task of lifting the lids from Irish Minds Tony Robbins gave his message loud and clear when he stomped on his right foot...“ Take the Steps” Stevey McGeown is only '30 something' and already he has achieved the following.... * Built a Million Pound Plus Business From The Ground Up In less Than 2 Years, * Life & Success Coach For Ireland For Bob Proctor from The Secret Movie, * Internationally recognised for his contribution to Women's Fitness as the No.1 Curves Franchise Owner in The World 2003 * One of The Growing Stars in The Personal Development and Success field in Ireland And in December he will be here to demonstrate how to Close The Gap, and get from where we are to where we want to be. Click here to watch a video of Steve and Bob Proctor

Have you had a PROFITABLE year this year? If so, you might be worrying about how much of your hard earned cash the Taxman is going to get his hands on when you submit your returns in January... unless of course you have a super-duper accountant who has already shown you how to protect your assets and mitigate your tax burden. A familiar face at the networking meetings over the past few years is Frank O'Donnell of P3Wealth. Frank has kindly offered to give you some FREE advice on how to protect your profits AND get a big chunk of money FROM HMRC... worry not, it's all perfectly legal, but not always widely known!!! Frank will be in the Findhorn Room at the Marriott on Monday 7th at 6.30 sharp!!!

PROPERTY MARKET REVIEW TIME PERMITTING, I will be conducting a discussion on market conditions in Scotland today. Not sure about you, but I am beginning to see some light at the end of the tunnel with lots of good opportunities to purchase properties and fund them with little or no money down... (yes, it IS still possible for the very creative investor). If you have something of value to share, are looking for a Joint Venture Partner or have your questions answered, then be in the Findhorn Room at the Marriott on Monday 7th Dec at 7pm.

You can buy a house for 120 ounces of GOLD! A small, but enlightened group of people chose not to buy property after 2005, as the market edged towards its peak. Many invested in gold instead. Others got out of property close to the peak – in some cases right at the peak – and put their capital into gold. At some stage these people will want to move their capital out of gold and back into property. So an interesting way to value gold is by comparing UK house prices to the gold price. Mathematician Tom Fischer, a lecturer at Heriot-Watt University in Edinburgh, has put together the following chart, showing the ratio between UK housing and gold http://www.approximity.com/risk/ Gold currently costs about £690 an ounce. The average UK house, according the Nationwide, sits at just above £162,000. That means it takes a sterling equivalent of about 235 ounces to buy the average house. As you can see from the green circle above, Fischer sees that ratio falling well below 100. I wouldn’t disagree with him. But if it nears 120 ounces, I will be ‘seriously reconsidering’ my core position. That could mean house prices staying where they are and gold rocketing from here. It could also mean gold staying where it is and house prices plunging. I suspect the most likely scenario is somewhere between the two. Let’s say gold appreciates 30% from here to £900 an ounce (very likely, I would say). And average house prices fall 30% to £110,000 (also likely). Then, give or take, you have your ratio of 120. Those who stayed off property and bought gold would have made 30% on both sides. So 120 ounces of gold – and very possibly lower – for the average UK house is another of my key levels. (Article reprinted with kind permission of Dominic Fisby of www.moneyweek.com)

Buying a Bank Owned Home is easy :).

Watch this

Love is Energy.... Pass it forward !

Try NOT to dance to this... or at very least .... tap your feet!

Self-Employed Borrowers Go Away!

Is it time yet... that we 'Property Brothers and Sisters' start doing it for ourselves?

A couple of years back, I realised that one of the biggest challenges for property investors is the length of time it takes to get our money back out of the deals. My strategy from the beginning, has been to buy properties that were 'cosmetically distressed' and add value by redecoration and/or replacing bathrooms, kitchens etc. This is a very profitable strategy which helps you to increase the value of your investment within a few weeks.

When I first started out, I wasn't in a hurry and didn't really understand property investment market that much nor did I know how to capitalise quickly. However, it became evident that whenever I approached the bank for another loan or to top up my 'business term loan' that I used for buying properties, they would ask for updated valuations.

Then along came same day/next day remortgages and Daylight Bridging! i.e. Use a bridging loan to buy the property one day and have an ltv mortgage put in place the next day, allowing you to pull out some of the equity and profit from the increase in value. Easy!

Alas... those days are gone and if and when they do come back... will we trust the banks again?

Perhaps it's time to set up our own Property Credit Union or Property Trust Fund. With more and more of us finding it increasingly challenging obtaining funding, this could be the perfect opportunity to start helping one another.

Those with available cash could lend to those with good deals .... for a higher rate of interest that the banks are paying depositors these days... Those who have the deals could borrow from the fund and pay a similar rate of interest back to the fund, but avoiding the need for the dreaded 'credit scoring' as the fund would have security on the property anyway!

Let me know what you think.

Meantime, take a look at this article... Self-Employed Borrowers Go Away!

RICHBRITS NEWSLETTER UPDATE...

The next Richbrits Networking Event is happening on Monday 2nd November 7.00pm - 9.00pm **PLEASE BOOK NOW**

"Last night's meeting was BRILLIANT"... "Thoroughly entertaining and extremely informative"... "Excellent presentations and great audience... what lovely people you have in your network"... These are just a few of the comments I have received following Steve and Debra's presentations in Edinburgh last. Steve provided a lively and entertaining insight into how the brain is 'wired' and why we do what we do, then explained how to get off 'spaghetti junction' and move into the fast lane of the motorway of life. Great stuff! Debs surprised me in particular with her story of her profession as a Trauma Nurse in China and how she and John embarked on their new career as professional property investors some years ago... what a terrific team they make. Their experience of HMOs is vast and her clear explanation of what is involved in this very lucrative investment strategy was second to none! A big THANK YOU to both guests. Debra has very kindly offered a whopping 30% DISCOUNT to Richbrits readers on the price of her new book "HMO Mentor - Cash Generators". To find out more about this SPECIAL OFFER which is available for ONE WEEK ONLY click here www.hmomentor.co.uk. You can also download Debra's FREE e-course right NOW! Read more...here I have something quite different lined up for the November meeting. Look out for more details in the October Newsletter! To reserve your place for next month's meeting, email me NOW clare@richbrits.co.uk

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I always thought it was the public who were guilty of robbing the banks... not the other way around!!... MORE DAYLIGHT ROBBERY FROM THE BANKS

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BETTER NEWS ON BTL MORTGAGES BM Solutions are planning to increase business volume by 50% in October. In order to do this, hopefully they will look at loosening their credit scoring system, and possibly look at lowering rates. ***** Mortgage Works have released a new product range of lower fixed rates with effect from 1st Oct 2009. www.themortgageworks.co.uk

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LIFE LASTING SUCCESS - WHO IS THE MYSTERY GUEST ??

If you're still undecided whether or not to make the trip to Dublin THIS WEEKEND - Oct 9-11), "The Secret" star BOB PROCTOR has a message for you....

Click here to find out what he has to say... www.lifelastingsuccess.com/blog

There is also a MYSTERY GUEST who for some reason does not want his identity to be known just yet.... bit unusual for a public speaker!!

The information he will be delivering is so 'cutting edge money magnetising", he doesn't like his presence to be announced until it is too late... even more unusual for a public speaker!!

There's still time to get one of the few remaining tickets, but you will need to move fast.

Go to www.lifelastingsuccess.com

FREE Bonus Guest Tickets

FREE Bonus Guest Tickets to see
Bob Proctor & the worlds top entrepreneurs
at Life Lasting Success - The Irish
Entrepreneur Superconference!

Click on the image to see a clip of Bob

Thats right...

When you book your ticket, before 6:00pm
today - you will receive a FREE Guest Ticket
worth 197 euros!!

Go here now to get your tickets -

LIFELASTINGSUCCESS.COM

Heres the line up -

Bob Proctor - Star of The Secret,

Brad Sugars - Founder of the worlds largest
business coaching organisation, Action Coach,

Jenni Armato - Aussie Internet Marketing Genius

and the list goes on... to see more go here -

LIFELASTINGSUCCESS.COM

Look forward to having a drink with you at the
Carribean Party night on the second night of the
event.

Clare

PS - REMEMBER, if you were going to tell someone
so that they could get their tickets for the event,
tell them TODAY - while they can still receive a
FRE*E Bonus Guest Ticket!!

Go here to Order *now* -

LIFELASTINGSUCCESS.COM

Forward this email to a friend

Clare Darwish

Richbrits

http://www.richbrits.co.uk

SAL

RICHBRITS NEWSLETTER UPDATE...

Unfortunately, the Scottish Government yesterday announced their plan to introduce a deposit Scheme in Scotland.

SAL have fought against this and along with some other organisations have expressed disappointment about the decision. Last night, John Blackwood of SAL was busy sending out a press release and here is the BBC picking up on it:

http://news.bbc.co.uk/1/low/scotland/8274027.stm

Read SAL's response here...

Concern over Scottish Government’s Tenancy Deposit Scheme Plans

The Scottish Association of Landlords (SAL), the Scottish Rural Property and Business Association (SRPBA) and the Chartered Institute of Housing Scotland (CIH) have expressed their disappointment that, despite continued opposition from their organisations, the Minister for Housing and Communities has announced that a national mandatory tenancy deposit scheme is to be introduced.

John Blackwood, Director of SAL, said

“We continue to feel that the introduction of a scheme is disproportionate to the level of problem which exists. We are not denying that tenancy deposits are unlawfully withheld in some cases, just as in some cases the deposit does not cover the costs of repairing damage caused by the tenant. We have maintained our opposition to the introduction of the scheme throughout the working group discussions, and although we tried hard to get other members to consider alternative methods of addressing the problem, we acknowledge we were fighting a losing battle.”

The SRPBA share SAL’s position and Sarah-Jane Laing, SRPBA’s Acting Head of Policy stated,

“We are naturally disappointed that further regulation is being placed on the sector, despite our best efforts to get other stakeholders to consider addressing the tenancy deposit issue through other routes, such as the Private Rented Housing Panel (PRHP). It would be very easy to walk away from the working group process as a result, but we are committed to working with the Scottish Government to develop the details of the scheme, and ensuring that landlords’ interests are at least considered.”

Sue Shone, Policy and Practice Officer with CIH Scotland said

“CIH is very concerned that Scotland will follow England’s approach of a mandatory scheme, this has yet to be evaluated for effectiveness and value for money. In a time of great financial pressure and the unprecedented commitment to end homelessness it seems bizarre that the Scottish Government is willing to invest in a system that may provide barriers to private landlords entering the market but is not proven to be the most effective way to protect tenancy deposits.”

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If you feel strongly about yet another chunk of tax payers money being spent on even more legislation that will never be enforced then get in touch with the organisations that are ready and willing to support Private Landlords in Scotland and let them know!

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SRPBA Contact: Sarah-Jane Laing Acting Head of Policy e-mail Sarah-Jane.Laing@srpba.com 07749784507

CIH Scotland Contact: Sue Shone Policy and Practice Officer e-mail sue.shone@cih.org 0131 225 4544 or 07917064162

SAL Contact: John Blackwood Director. e-mail john@scottishlandlords.com Tel: 0131 270 4774 or 07971 252 006.

RICHBRITS NEWSLETTER UPDATE...

RICHBRITS NEWSLETTER UPDATE...

World Renowned business expert T. Harv Eker is running a powerful 5 day seminar in London which will give you all the strategies you need for high-speed success in any business. The objective of the seminar is for you to leave with a full business strategy and complete marketing plan of the caliber you would normally pay an agency tens of thousands of pounds to produce. The initial tickets were sold for £5995 but there are a few last minute tickets left where you can get all this valuable knowledge for the amazing price of just £1995 plus VAT. Just click on this link for more info: T Harv Eker Using what you learn at the Guerrilla Business Intensive, you will stop wasting time with tactics that produce little or mediocre results and start creating wealth in any business that you choose. Join hundreds of other business people giving you a unique opportunity for networking and building long-lasting relationships. The course is amazing value running from the 30th to the 4th of October 2009 (Wed- Sun) in Alexandra Palace in London. This is a must-attend seminar at an unmissable price. So click the link to reserve your place on the course to get 5 days of world class coaching and learn how to make your business really explode: T Harv Eker

Thinking about LEASE OPTIONS as a new investment stategy?

Australian Property Investor, Rick Otton, will be in Edinburgh tomorrow night (Friday 25th) at the Pentland Suite of the Edinburgh Marriot Hotel.

Attendees are asked to turn up at 7 for 7.30pm for registration, with the event starting at 8pm prompt.

Tickets can be booked for £10 in advance online (at www.buyahouse4apound.com) or £20 on the night.

Rick will speak for about an hour and a half and will stay in the hotel for a couple of hours afterwards to answer questions.

If you would like to know how to 'buy a house for a POUND' (yes it can be done) then come along the The Marriott, Glasgow Road, Edinburgh tomorrow night.

(Please ensure you get independent legal advice on Lease Options as regulations are changing rapidly)