This strategy enabled Peter to go from zero to a £2M property portfolio in under 4 years from a standing start...
Does that make it the best property investment strategy? Well, I'll lay it out for you below and let you decide for yourself.
And if you think this strategy cuts the mustard for you, then at the end I'll show you how you can copy exactly what Peter did for yourself (like many others have done before you).
Peter was happily engaged in the rat race in London in the early nineties...
He was a partner in a firm of surveyors and enjoying all the perks that kind of position brings...
But then his whole world was blindsided by the recession and he was out of work, faster than you can say "austerity measures".
Peter wasn't one to be beaten though, and plus, he has a wife and a family of three to support, so he got to work. He didn't have two pennies to rub together of his own, so he borrowed some seed capital from a friend and bought a house to refurbish and flip.
Then, four short years later, he was sitting pretty on top of a property portfolio worth a cool £2 million!
It sounds like the stuff of fantasy, or the kind of tall story you hear from a bloke down the pub, but this is the God's honest. I know because I did what Peter did too, and I know many others who have also done it.
This isn't the kind of thing that they teach you in school, or tell you on the evening news.
Well, call me a tin foil hatted conspiracy theorist, but I believe it's by design: the powers that be don't want too many financially free entrepreneurs running about...
They prefer obedient wage slaves, handcuffed by debt from cradle to grave.
Anyway enough of my insane babblings, exactly how did Peter manage this feat?
Well, it's a simple formula once you know it, and it's a powerful mixture of three main ingredients:
Combine those elements correctly once and you're guaranteed to be able to do it again, and again, and again. There's no luck involved here: it's a repeatable formula that's tried and tested.
Let's dig a bit deeper.
It's an oft repeated truism in property that you make your money when you buy, not when you sell.
Buying a heavily discounted property isn't a chance event though, that might occur once in a lifetime if Lady Luck is smiling upon you.
No, there are a number of methods that you can use to make sure you get a discount every time.
My favourite way is to deal direct with motivated sellers. Cutting out estate agents and dealing direct with sellers that need to sell (instead of just "would like") was key to the kind of 20-40% discounts that I locked in time after time when building my own portfolio.
Next, using other people's money you can completely side-step the issue of not having any personal funds (or wanting to spend them if you happen to have them!).
Combining private joint venture finance with bank lending is the way to go.
Once you've purchased the property, add value to it in simple ways that require little expenditure.
And finally, when you're done, either flip it for a quick capital payday, or refinance it to pull out your initial deposit.
Rinse, and repeat!
That's it in a nutshell.
Now, as promised at the start, if you'd like to know more about exactly how Peter pulled off his £2M property portfolio, then he has a very affordably priced training called the "Successful Property Investor's Strategy Workshop".
I suggest you check it out before he decides to hike the price nearer to what it's really worth.
I hope to hear about you starting your own multi-million property portfolio very soon!