Case Study
Well on the road to a property empire
Meet Prakash Tailor and his wife Rina. Prakash works night shifts within the logistics division of the Royal Mail at Warrington and Rina is studying for a Biomedical science degree.
After attending a well known property seminar course, Prakash and Rina purchased their first property and were able to move out of his parents home. They purchased the house for £114,000 and it has subsequently increased in value to £175,000.
Prakash and Rina then came to Property for Life and by using some of the equity from their property were able to buy an apartment off-plan in Nottingham. The market value of this property was £141,000, but with a 15% discount, Prakash and Rina were able to buy it for £119,850 and by using the discount as deposit very little of their own capital was required.
Prakash and Rina have now gone on to purchase another off plan apartment in Glossop. Prakash says, “Property for life have been great! They guided us through the whole process and now we have a substantial portfolio that should in time generate some real wealth. I will definitely be buying more”.
This demonstrates just how a small amount of equity can be turned into a serious business venture. We wish Prakash and Rina the best of luck with their growing investment portfolio.
