Many believe that investing in below market value property is only for seasoned investors. However, I do not believe this is true. My opinion is that as long as you can afford it you can do it. If you are a first time property investor bmv property is the best property investment opportunity for everyday investors.

OK, so the economy is not as strong as it once was and the property market isn’t exactly buoyant. But you can still find great BMV deals if you know how to source them. The beauty of investing in this kind of property is that you buy it at as much as 30% below the open market price.

But why are they so cheap? I hear you ask, there could be many reasons why. But sometimes it is because the owner has to move quickly or they have recently been made unemployed and can’t keep up the mortgage re-payments.

In today’s climate you are looking for the best long term investment you can. Most property investors are looking for buy to let investments. You can no longer rely on making money from price increases, instead solid investments with good rental returns are the main focus.

The best property investment opportunities for first time property investors are below market value two to three bed houses as opposed to flats, in my opinion. This is because flats are usually leasehold, which means you don’t own the land and you generally have to pay ground rent and service charges. You also share the responsibility of the maintenance of the block with other leaseholders and have to deal with property management companies, which can be very frustrating.

Buying a 2-3 bed house avoids most of these hazards they are generally freehold and you can normally source them with a garden and drive, which is ideal for small families, couples and sharers. In my experience the tenants generally stay longer in these properties. So if you are looking for the best property investment. Find a house with good transport and local amenity links.

Related posts:

1. Investing in Property in 2010
2. BMV Properties a recession investment