I hope you’ve all had a great week so far. Here’s the 14th blog of 2022!
This week has been a very exciting one for us here at Action Invest. We have just started works on our Wigan project. We’re expecting it to take around three months from start to finish. We have had to knock down and put up partition walls to make room for new bedrooms and en-suites.
We will be documenting the entire project’s journey on our YouTube channel. The first video of the series went live yesterday, and you can access the video below. Please subscribe to our YouTube channel – there is a lot of content coming your way on there!
Our Biggest Learning Experiences This Week:
The biggest learning experiences we’ve had this week is its absolutely essential to have a thriving network. With our Wigan project, we are going to have to call on some tradesmen to do some of the works. We are fortunate enough to know people in that field which allows us to get things done easier and quicker. If we didn’t have these people in our network, it would take a long time to search through websites trying to find these specialists and with there being backlogs for development projects, we would probably have to wait considerably longer for them to fit us into their schedule. Having that network available to us eliminates these headaches.
Value of UK housing rose by £1m per minute in 2021
The average equity release customer drew the equivalent of more than seven years of retirement income from their home in 2021, with UK property wealth reaching a record £5.2 trillion by the end of last year.
More info at:
Mo’s Top Tip:
Average rents hit record high of £1078
I must admit, this is inclusive of London. If we exclude London, the data shows average UK rents now stand at £910.
This honestly doesn’t surprise me. Rents are going absolutely mental at the moment, which can never be a bad thing for landlords. We are seeing areas that would normally be £500-525 PCM stretch to near £600 PCM. This is an additional £900 in income per annum and this is why it is important to get into property as soon as you can.
If you’re interested in sending regular deals to us to send out on our Deal Alerts, please message “co-deal sourcing” to 07737525850. We look forward to working with you.
Here at Action Invest, we offer a bespoke sourcing package to all of our investors. If you prefer us to go out and find a deal that suits your requirements and needs, we are more than happy to do so. Please contact Mo on 07737525850 at your earliest convenience to discuss your next investment!
We have had a few enquiries regarding our mentoring program and we are delighted to announce that we are still taking on new mentees! Mo is eager to speak to you to help you reach your desired goals – contact him on 07737525850!
Check Your Junk Box
We’ve been getting told people aren’t seeing our deals emails every week because it’s going into their junk box. Make sure to check your junk box to see if our emails are going in there. If they are, add us to your ‘Safe Contacts’ list so you won’t miss out any more.