Linda Mah and her husband Keechin attended Mike’s Property Portfolio Growth System training in Kuala Lumpur in August 2016. They had been investing in Malaysia but found that whilst there was a small amount of capital growth the rental income was small and, in some cases didn’t cover the loan.
During the training day Mike showed them how his system could help them to understand the UK property market and learn the 6 Key Elements of how to invest in the UK. Once they joined the Mentoring, they learned how to source and assess suitable properties to buy and sell and to rent. They realized that good quality property could be sourced for under £60,000 and receive rental income of £6000 per year. Producing a yield of 10%. Importantly they realised that the properties were mostly Freehold and individual, meaning that whenever they wish to sell, the houses are not the same as all the others in an area.
Linda and Keechin decided that they wanted to find a house to buy, refurbish and sell. And buy a house for long term rental income. After just 6 weeks of joining the mentoring program, Linda found a house using the Property Portfolio Growth System that was being sold at an auction, once assessing it thoroughly with Mike, Mike agreed and arranged to visit the property for them to ensure it was a good property. The property was being advertised for £50,000 and Linda using Mike’s system established that it was worth £75,000-80,000. Linda and Mike agreed that Mike would attend the auction on their behalf and make offers up to £65,000. On the day Mike secured the house for only £56,000.
The house only needed to have two rooms redecorated and was ready for rent. Linda and Keechin’ total expenditure was £58,500 which included taxes, decoration and fee’s. Mike introduced Linda and Keechin to his solicitor who took care of all the legal matters, Mike also introduced them to a local letting agent who very quickly let the house for £500/mth.
Linda and Keechin are keen to source more property to buy and sell. By joining Mike mentoring program they have been introduced to Mike’s Elite Facebook group where they can get advice and support from UK investors within a trusted environment where there are opportunities to Joint Venture in order to get funding.