25 November 2009

Middle Class Benefits

Of the many middle class benefits I would like to draw your attention to housing benefit. Housing benefit is supposedly aimed at poor people who cannot afford high rental rates; instead, I believe that it is aimed at lining the pockets of property owning rentiers.

Consider this ...

"Paul Galbraith - Paul is a full-time property investor and developer who over the last 7 years has built an extensive portfolio of residential property in Leeds, West Yorkshire.

Paul bought his first property at age 19, with no savings, without telling his parents, funding everything 100% off his own back by holding down 4 jobs & a full time degree at University (BA Hons in Jazz Studies) – buying a house made sense as he had to self-fund his education without the ‘bank of mum & dad’. By age 22 he’d single handily bought & refurbished 5 houses ‘on foot’ – his time was spent walking around the area where he lives with a rucksack full of tools doing the maintenance on his houses & carrying beds on his back several miles from one property to another.
Funding was via. 0% credit cards, using his student loans to buy tools/ parts for refurbishment & re-mortgaging his properties to release capital increase. Paul then decided to quit University, ‘learn to drive’ & focused his attention on the property business full-time.

Paul is an accredited landlord in Leeds and as such, he’s been working with the Local Housing Allowance (the system that replaced Housing Benefit last year) for the last 5 years. Spotting an opportunity with DSS tenants, Paul has built a large property portfolio and uses social housing to devastating effect. He has no voids & limitless tenants for his rental portfolio which leaves him ample time to play in the rhythm section of his local jazz band. Paul will give a talk called:

How To Recession Proof your Property Portfolio. This is what you will learn:

  • The Secrets To Getting Paid Directly from the Local Housing Allowance
  • How to Squeeze Every Last Drop Out Of Your Tenant’s Entitlement
  • How to Get Your Local Council Actively Batting For You
  • How To Split Up Properties & Skyrocket Your Rental Profits
  • How to Identify The Best Benefit Tenants And Keep Them In Your Houses"

You can find more details as to how the tax-payer is lining Paul's pocket by visiting the ...

North East Property Forum - December Event

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