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About haf1963

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  1. Will be interesting to see how the new planning regulations work for HMO's as the thinking is the councils will make it harder...
  2. Sorry, I shoud have been cler in that I always buy cash, refurb and then get the mortgage after a year
  3. My objective is long term capital growth and making a profit on the rent is a secondary objective. The advantage of a decent house in a decent area is that it will get more capital growth over a cheap house in a run down area as wel as next to know hassle with tenants, repairs etc. My 2 properties in the decent areas have had very good capital growth versus my one in a not-so-decent area and total profit is therefore miles ahead. As always it depends on what you are trying to achieve As an aside I agree with the commenst on stock market and have a fair chunk of money invested so i have a diverse portofilio and not reliant on either,
  4. Depends on where you are as I am getting 750 for a 150k property in good condition. No doubt renters are having to set aside increasing percentages of wages to cover the rent or be a working couple.. Ultimatly its supply and demand and the market will find the right balance.
  5. I mostly agree with with davids comments and have bought primarily through auction/agents and never really got anything i would say was BMV - just too much competition. I am dubious about sourcers as , even if they find the occasional BMV, I am likley to be towards the end of their contact list. Property has been hot in recent years so my stratgegy has been to buy at near market rates but add value with the refurb (small extension/loft/etc) and then remortage after a year. This has been ok and i have got a decent chunck of my money back out but not all by any means
  6. Also need to be careful that after the refurb, the mortgage companies may be being conservative with any uplift to the valuation.
  7. This does depend on what kind of property investmnet you are looking at - BTL, BRR, HMO, Flip, Commercial etc etc. There have been plenty of people posting sample spreadsheets for BTL and Flips so they should be easy to find
  8. Seems like overkill for the average property investor. On the stamp duty side, if you are selling a BTL then your buyer could be an investor or a regular person (who won't want to buy a company for sure). Inheritance is a more complex story and does depend on personal circumstances more than anything else. Obviously this is one for your accounatnt as they will factor in lots of other stuff but can't say it appeals to me.
  9. Depends on how simple/complex your setup is. At the simple end i.e a few properties doing standard BTL, DIY is fine. As you expand then having the odd employee etc starts to make having an accountant worthwhile
  10. I used 'using a property company to save tax' from Tax Cafe by Carl Bayley. It was a 2014/.15 edition as thats when i started. Was pretty useful but not much differen to going through property hub educ or other online material.
  11. seems cheap as i pay around 1k for ltd company accounts
  12. Its highly unlikely this will hit personal bank accounts as a policy but be primarily be based at business - not to get political but imagine the reaction from 'elderly savers' (many core tory supporters). I very much doubt Banks will not be giving you money to take out a mortgage and are more likely to raise the floor on mortge interest than lower it - regardless of negative rates.. A few reports around seem to suggest there there is zero evidence of this actually working anywhere in the world and its more a case of try it when you run out of other options.. Interesting to spculate nevertheless
  13. To be honest the scheme is a complete waste of space for most people - unless you need roof/wall insulation there is very little tha you can use.