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joe lowton

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About joe lowton

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  1. I can't see Bootle turning in to a nice area in the next 100 years. I live in Liverpool by the way. It would work well for LHA HMOs
  2. Hi Andre, Thanks for your reply. I have noticed that my post has duplicated, however I'm unsure how to delete it. I can only find the option to edit it and this isn't much use. I presumed although maybe incorrectly, that a moderator would remove it. The Russell Cooke link is a great guide, although it is a little vague as to the definitions of a CIS among other things as these guides often are. As you suggest I think taking advice from my accountant and solicitor will be the way forward. My accountant is great for my day to day operations for my non-property endeavors, but I'm not sure
  3. I've been conducting a lot of research with regards to the structuring of JVs within the area of buy to sell. For example if I had close family member with money to invest in a property with me, but the proposal is for them to be taking a hands off approach and their role is limited to providing funds only. How could you legally structure this? The funds couldn't be gifted as the family member would expect interest on their investment to be paid upon sale of the asset. I presume the investor can become a non-executive shareholder within a limited company structure, but this may not always b
  4. I've been conducting a lot of research with regards to the structuring of JVs within the area of buy to sell. For example if I had close family with money to invest in a property with me, but the proposal is for them to be taking a hands off approach and their role is limited to providing funds only. How could you legally structure this? The funds couldn't gifted as the family member would expect interest on their investment to be paid upon sale of the asset. I presume the investor can become a non-executive shareholder within a limited company structure, but this may not always be appealin
  5. Hi Conor, I've very much enjoyed reading your post and I must say it was much like reading about my own current situation. I am based very close by to you. I'm originally from Rainhill (just between Widnes/St Helens), I currently live in Liverpool and I'm looking at relocating to Manchester this year, as my girlfriend is from there and my business predominantly operates there. I,like you have recently become very interested in property investment, and like yourself I also view this as a long term strategy. I will also note that could I afford a Lamborghini, I would likely prefer somethin
  6. Ok I'm officially suffering from analysis paralysis. I'm researching property extensively. I have some funds (a lot of which are currently in my contracting limited company and haven't been drawn down on). I feel like I keep hitting stumbling blocks with every idea and I feel I need a mentor. Why would a mentor help me? Well I own a medium sized NICEIC approved electrical contractor so I will offer 3 x electrical installation condition reports in return free of charge. If you prove valuable and our relationship works/develops then I may throw in a few more. I need the real deal here, no
  7. Hi Karun, Thanks for taking the time and leaving such a detailed reply. It does sound as if there are some positives with attending and they do have a great reputation. It's quite clear that they are excellent sales people so I will be leaving my cards at home if I do attend and be taking in a few pound notes to cover food etc. I am right at the beginning of my investment journey but I do subscribe more to the Rob & Rob train of thought with regards to the only way to truly begin learning is through application and making your own mistakes (I hope their aren't too many made).
  8. Hi all, I'm just wondering if anybody has attended Progressive Property's MSOPI (multiple streams of property income event) and whether it is worth the effort. I'm well aware that it's aim is to sign you up to all sorts of courses and buy their products so I would leave my credit card at home, but do you actually receive any training or anything of value over the weekend? I trust everything that Rob Dix and Rob Bence teach, but Mr Moore I'm less sure about. Interestingly though you don't find too many negative reviews of Progressive Property which does surprise me. I'm quite confident of st
  9. Hi Simon, I currently run a fairly substantial electrical contracting business so I have a book-keeper in house and an accountant that I use. I have yet to speak with my accountant regarding property investment as I am a complete newbie. I feel I have a fair handle on the proposed changes and I am looking to set up a SPV to invest in property with money loaned from my principal company. It's not this simple though as I have private equity in my current home that I wish to invest with also and I'm looking to move to a new home personally. So it's slightly more complicated than your average.
  10. I would be grateful for some recommendations (via PM) is fine. I need to discuss my situation with a professional if possible as I have several plans for the next year involving my personal home and investment properties. I would rather receive recommendations from within the community as I will feel more secure this way. Thanks in advance
  11. Hi Nikki, Yes I think you're right, but I don't think that will help me with this scenario as I wish to hold the property and not sell it for many years. Hopefully somebody will be along with further info as you say. Thanks
  12. Hi All, After a couple of months of extensive research I've hit a wall. I'm convinced that I'm going to have to sell my first property (main residence) in order to move up the ladder. I hope I'm mistaken, and would be grateful if somebody could shed some light. I currently own a three bed semi in Liverpool. I bought it in 2012 for £107,000 and have since done a pretty major refurb ie Rewire, new heating, kitchen, bathroom, plastering and full decs and believe the current value is approximately £140,000. I'm confident it would let easily as it is in an area of great fundamentals and is a nice
  13. Hi Nikola, yes it does sound like our positions are very similar. Like you I am really enjoying gaining all of this knowledge. If only I'd enjoyed educating myself so much in my school years haha. Interesting tip there with regards to audible, I'll have to have a try of that. I do feel the same as you with regard to my remortgage/sale date and I'm chomping at the bit to get started, but I'm sure the time will come around quickly. Hope you have a nice weekend. Joe
  14. Thanks Chris. I have been doing nthing but listen to the podcasts over the last few weeks. They are a great source of information as you say. I've still got many more to get through yet. I plan to do some flips with my business partner as a seperate venture but I'd like to buy and hold for some perosnal investments. I'm yet to get it all fully worked out, but I do have a bit of time yet fortunately.
  15. Hi, this post is about my current situation, my plans and a few general queries I have. I'm 31 and currently own a property in my own name with approximately £60,000 worth of equity in it. I'm mortaged with Santander fixed until June 2017. I can get consent to let on my current repayment product for approximately £300.00. My girlfriend is from Manchester and my property is in Liverpool. We plan to move in together as soon as possible. She can't easily live in Liverpool as she is a doctor in a Manchester hospital and with shift patterns etc it's not really practical. I predominantly wo
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