White Knight Associates believe the theory behind BMV is simple, yet sometimes something difficult to grasp, however, once mastered this is a tool that can be used over and over again effectively.
What is BMV?
BMV stands for below market value, so typically a bmv deal consists of a property that is 25-30% below market value which is easily done as long as you are hard working and open minded.
So how do you get started with BMV? Finding a target area where BMV will work is always a good beginning and this can be done by looking on the demographics for your area. You want to target the grade D-E areas, as these work best with BMV deals.
Marketing for deals usually consists of leafleting, sourcing from Estate Agents, the internet and sometimes word of mouth. Obviously there are more ways of sourcing deals for BMV, and you can be as creative as you like and think out of the box ideology. You want to send out at the very least 20,000 leaflets and this can be done easily by sourcing someone else to do this for you, as your time is money.
As mentioned before, for a below market value deal, it is ideal to get a property that is 25% below current market value, so that you do not have to put any of your own money into the purchasing of the property and it is always good to get a reasonable amount of cash back from the deal and a positive monthly cash flow.
For more information please visit our website www.wk-associates.com
Or speak to one of our consultants 02033847230
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