The Wholesale Forums

[sabrads]

I have been looking at some properties to buy in the West Midlands and South cost over the last few months.

Just going on what people are asking for there has been a sudden down turn - just take a look at those properties under new instruction of recently reduced. One place was up for £160K and they knocked £30K off it - that is about the 20% downturn in one go.

It wasnt an isolated case either.

[londonking]

Hi, just to add my 2 cents and as an regular property investor. 2 Years ago I i bought a few flats and applied for a commercial mortgage through my IFA. There were exactly 256 products I could choose from, meaning 256 diffferent offers from the various lenders. So lovely jubbly job done.

Last month, went back to the same IFA for another property venture in North of England. When he bought up the list of lenders that I could select from there were only 46! So there you go, Credit Crunch at it's finest.

If prices are coming down then great opportunity for a LONG TERM punt.

[MDL]

Originally Posted by Tristancross50

I have been reading online about these property tycoons worth millions and even billions and was just wondering does anyone know any famous property tycoons and how they did it.

The footballer Robbie Fowler (who must be worth millions anyway) apparently has a huge property portfolio around Liverpool.

[londonking]

Robbie Fowler has, according to his biography few years ago, 98 investment properties.

[greedyboy]

Curtis Warren also owns a lot of property in Liverpool.

[Beneddie1112]

Originally Posted by greedyboy

Curtis Warren also owns a lot of property in Liverpool.

Isn't he in a dutch prison?

[greedyboy]

Yes he is

[Beneddie1112]

Wouldn't they have seized his property?

[greedyboy]

They tried and only got some. Search google.

[Beneddie1112]

He came back to the UK today.