Since I have dissected the property cycle into four distinct sections, let me put all four quadrants together so we all can understand it better.As a result of the actions by us and others we can simplify the strategies within each spot (see page 106-7).So we can see that if you are a true professional investor you will only ever be interested in warm and hot spots. The reasons being:So in a nutshell you should only ever be interested when an area is either a hot spot or a warm spot as it prompts you to buy. So how do you find both of these? Read on....

How To Find A Hot Or Warm Spot

I have never found a warm spot in my time in property investment. I started property investment in 1996 so there has always been a hot spot to be found. The principles in finding a warm spot are the same as finding a hot spot. One should only ever seek a warm spot when there are no more hot spots. Currently there are hot spots in the UK, but there will be a time when there will be no hot spots and warm spots are the only places to invest.

The ways I have found hot spots are as follows.

Method	Description
Internet	The easiest way to travel the world without leaving your desk! I owe a substantial amount of my success to the internet as I was able to discover areas that I had never heard of. These unknown areas now form a significant part of my portfolio!
	I hope you would have gathered from reading this book that you have to find cheap properties. Generally it’s properties under £60,000. All you do is visit these four sites:www.rightmove.co.ukwww.asserta.comwww.vebra.comwww.home.co.uk.
	Type in any town or city you can think of and search the widest radius possible. Put in maximum price £60,000 and see what comes up! If nothing has come up then the town or city you entered is not a hot spot, nor any town surrounding. If something comes up then check it out further. If quite a few come up then bingo!
	Once you have found an area then visit www.ukpropertyshop.com. Here you have all the individual estate agents in that area. Check all their websites to see what they’ve got also. If it looks good then get in your car, drive down and buy everything you can!
Always look in agents’ windows	If you visit an area then always check estate agents’ windows. I do this out of habit and interest. I am interested in property even if it isn’t going to make me any money. It’s good to get an idea of property prices wherever you visit. You never know, you may stumble across a bargain.
Get the local press	Don’t just stop at agents’ windows. Get the local press and scan the property section. Here you can gauge the whole market in that area. You may find that there is an agent that specialises in low value properties.
Look for areas thatare self-sufficient	Areas with bad transport links or that are a bit isolated make perfect hot spots. They are sometimes valued low due to lack of demand by buyers (because unless you work there, there is no point in living there) but have high tenant demand due to people wishing to rent there. One of my areas where I have a significant portfolio is Corby which meets this criteria. It has no train station, is 30 miles from anywhere significant but has a large Scottish community who wish to live there.
Get out there!	Go visit places. If you haven’t seen a friend because they’ve moved to another area then go and see them! If you’ve always wondered what Stoke-on-Trent is like then take your other half and visit. Look at a map of the UK, pick an area that you like the sound of and go and visit it, stopping off at all the towns en route to check out the estate agents. See it as a mini adventure – go on, have some fun!

If all of that seems like hard work then visit my site, www.propertyhotspots.net , where you will find out all the hot spots that I could find and areas that are soon to be hot spots (and a hell of a lot more!).