TPP439: Is BMV dead?
Is BMV dead or is there still a way you can do a deal?
In the property world we love bagging ourselves a deal. But right now, the property market is incredibly hot.
So, does that mean doing a deal or better yet a BMV (below market value) deal is almost impossible?
That’s what we’re going to explore in today’s episode so make sure you tune in.
If you want to learn more, check out our free course on how to get a deal.
In the news
If you listened to last week’s episode, you’ll remember that we were stunned by some data from the US property market.
It was the fact that the US property market is up 23% year on year which is crazy! We promised to investigate more into this and we’re keeping our promise.
That figure was based on existing inventory, not new build homes. So, the growth was actually 15.8% which still makes our own boom look like nothing.
This data was taken from a Forbes article where it looks at America’s states.
Another news story we spotted this week was ‘owners of low-rise flats freed from wall safety certificate need’. In a nutshell, anyone who owns a property in a building smaller than 18 metres no longer need an EWS1 certificate.
Hub Extra
This week’s Hub Extra recommendation is a book from Rob B. It’s a combination between sport and business so if you have an interest in either, you’ll enjoy this book.
It’s called ‘Relentless: 12 Rounds to Success’ by Eddie Hearn.
This isn’t a rags-to-riches story because Eddie Hearn came from a wealthy family (which he acknowledges in the book), but is covers the struggles he had to overcome to be his own successful person and step out of his father’s shadow.
Let’s get social
We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.
Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!
If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.
See omnystudio.com/listener for privacy information.