Do It, you cannot lose, if you do the sums right, because it will double in value after seven years, stocks do not do that, shares do not do that, in fact almost nothing else in life does that, even working ‘self employed’ for twenty hours a day can not do that, and all for basically little work or effort at all.

Do it, don’t worry about what the papers and the media say, despite all the talk and the so called ‘crash’ years ago. We now have different circumstances, more helpful lenders and more people to house. After the so called ‘crash’ property increased yearly in value faster than ever, to catch up on the seven year cycle.

So even if you don’t want a house to live in, then buy one anyway, if it is not occupied, you will not be paying ‘council tax’ for at least for six months, If you can’t sort it and rent it out in that time, then forget the rest, read no more. Go research the rental market, then carry on reading.

And it will double in value every seven years.

Now let’s look at what a mortgage company says, as an ‘illustration’, you find a property for say £200,000. They will offer you an 85% mortgage, that means a deposit of £30,000, you pay the deposit, if you can find it, maybe a problem here, but if you can find it, then you are on to a winner.

OK you find the £30K deposit, you buy the property, you hang on to it for two years, now secret one, you re-mortgage it for the new value, say £240K, that releases £40K in equity, now that £40K has repaid your original deposit, and given you £10K of spending money.

So now you have purchased a property and actually have paid nothing for it at all. In technical terms this is called ‘an infinite return on investment’ i.e. after two years you have a property and it has actually cost you nothing That is only half the secret, you’ll have to wait before I divulge the other half. However you do need to let it out to pay the mortgage, and you do need to maintain it, but if you can do that for a couple of years then basically you have a property for nothing.

I love the simplicity, the maths, the ‘no emotions’ (remember you are not necessarily going to live there). Life is so much easier.

In the electronics design game I had to go though many calculations to arrive at one working design, then make it, test it, prove it and then ease a cheque out of the customer.

This often meant a week of circuit and engineering design, weeks of buying materials, printed circuit boards to design, etch and drill. Then the hard part, mind-bending software to write and re-write, as by then the customer has ‘changed’ their mind. All for £20-£50 thou a year, before tax.

But in property, only some simple sums, and only once at that, on a spreadsheet - no work at all.

Now the earning power is NOT in the rents, no it is in the realisable equity, as shown in the example.

In my own case, back in 1981, and with no knowledge of the future, no knowledge of prices, we purchased a three bed flat - run down - in need of decoration - rewiring - no central heating etc. all at, the then, only just affordable £14,000.

Fast forward, 28 years. With double glazing, and with the third round of decorating complete.

It has been valued at a staggering £300,000, that equates to just over £10,000 a year income that I never realised before, until this year.

If anyone can still see a good reason not to buy, then I give up, and so will the agent showing you!

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