Oh no, you can’t! Oh yes, you can!

Sometimes it feels a bit like a pantomime listening to investors arguing over whether or not the ‘no money down’ financing system works, can be done at the moment, and worst of all if it’s even legal.  It’s tempting to keep behind the scenes and hide from having to find out until you know someone who can prove that the system is genuine – by which time of course, it’s too late.

If you’re prepared to be one of the actors rather than the behind the scenes assistants then you’re going to need some rehearsals and to learn your lines.  Except of course that this isn’t slap-stick pantomime, it’s real life.

Back in 2004 when I was told I would need to prove I could complete on a property in 7 days I was a bit shocked.  My previous experience was that it took several weeks if not months to complete.  I figured that if I’d been asked to do something then it must be possible, so I asked if they knew a Solicitor who could help me do that.  They gave me a name and I followed it up.  The result was that I won a blind bid although mine wasn’t the highest bid, just because I had that ‘Oh yes, you can’ attitude.

If you haven’t understood the finance systems fully or do not have 100% confidence in them then this may be what is stopping you from buying at the moment.  There’s that feeling of ‘Oh no, you can’t’ that is creeping in to steal your success.  Even if you don’t have any income or a nest egg to spend there are ways of investing in property.

The big ‘Oh yes, you can’ is going to be true for you only if you are prepared to take the time to quiz the right people on how the finance systems work.

Find an IFA, or a mortgage broker – there are many at the networking events – who is willing to sit down with you and explain what you need to know.  Most importantly you should make sure that the broker and solicitor team you are using know the systems inside out and are helping you to understand the financing systems so you’re not afraid to use them.  Find some suggestions on my website under Investment.

If you want to be part of a success group for 2010 then e-mail Yvonne@YvonneEmeryCoaching.co.uk with your phone number and I’ll call you back to discuss how you can be saying ‘Oh yes, you can’ throughout 2010 in order to make the most of the property bargains available.

Happy investing

Yvonne