Meet Alan Jones, a property investor with 25 years of experience.
Alan is a great example of a sensible long term investor. The owner of a mobility shop in Slough, Alan purchased his first property in 1984 when the average price of a property in the UK was just £30,000. Since then Alan has gone on to increase his property portfolio to 5 properties.
Located in Southampton and Windsor these properties are mainly 1 and 2 bedroom apartments however to minimise risk and increase cash flow Alan recently invested in a Caribbean property which he purchased through the Worldwide Property Group.
Alan comments, “This property fits my strategy perfectly as the high level of cash flow in relation to the small amount of investment required will significantly help my long term investment goal of generating a retirement income of around £50,000 per year”. Alan estimates that a mixed portfolio of around 10 properties will achieve this.
When looking to increase his portfolio Alan investigated a number of property investment companies before deciding on the Worldwide Property Group as his preferred supplier of investment property. Purchasing his first property through the company in March 2008, Alan has now gone on to purchase 2 further properties.
Through maximum gearing Alan is able to invest small amounts of capital in each property thereby enabling him to purchase a greater number than would normally be possible with more conventional buying techniques. “I try to have minimal cash tied up in each project from the outset and get cash flow positive as soon as possible” comments Alan.
Alan says, “I found many property investment ‘clubs’ appeared very dubious and offered questionable advice and promises particularly with regard to property pricing and potential discounts. I have found the Worldwide Property Group estimates to be totally true and reasonable.
Although of course the current financial situation has meant the later purchases are a little down in value they are not significant and this was built in to the projected expectations at the outset by the company’s figures”.
“What I really like about the Worldwide Property Group is that they often invest themselves in the very projects that they advocate. I have found that they are always on hand to offer sensible advice without hype or any form of high pressure selling. If they believe the project is not right for you they will tell you”.
Alan is well on his way to achieving his £50,000 per year retirement fund and therefore a comfortable and stress free retirement. We wish him the very best of luck with his property investing business and look forward to a continued working relationship.
