Property Programs on TV...

Many people will have watched programs like Homes Under the Hammer, and seen with some puzzlement how there are apparently ordinary people out there who casually mention they have 20 or more properties.

Sometimes even around the 100 mark or above, yet these appear to be ordinary individuals. The question that most people wonder is how they got the initial equity to pay the mortgages on those properties, and how exactly they are doing and able to withstand the recent crisis in the financial markets and the impact on the property sector.

It would be useful if some of these programs explained how the process actually works and how these people are able to build up such large portfolios don't you think?

Re : Property Programs on TV

Haha yes I know what you mean.

I also watch those sort of programs and don't understand how they manage to get such a portfolio presumably starting with very little investment capital.

Particularly as we all know how hard it is to get on the property ladder how on earth is it that people are able to build up such a portfolio as presumably they are building debts upon debts upon debts.

All I can assume is that it is the usual thing whereby it is much easier to get a huge amount of money lent to you than it is to get a modest small amount as an individual... does all seem a little bit silly though I have to admit!

Re : Property Programs on TV

I don't understand how these people do it.

The process of buying one house is very tricky and stressful... how on earth people manage to buy so many houses is beyond me.

Also the process of getting a mortgage is difficult and time consuming yet these property investors apparently get banks and building societies to agree to lend them a fortune for them all; it must be a different world because I really don't understand how they manage that at all!