Jump to content

suzan whittle

Established Member
  • Content Count

    86
  • Joined

  • Last visited

About suzan whittle

  • Rank
    Established member

Contact Methods

  • Skype
    sugnu

Profile Information

  • Location
    Bedfordshire
  • Property investment interests
    still looking to buy more - probably 5 bed HMO next - interested in working with others on this - still leading a financial freedom mastermind group started in the Hub
  • My skills
    Creative problem solving (View assessment qualified) helping people find their flow (Flow consultant with Talent Dynamics) vanilla Buy to Lets,been there and made most mistakes in property and always happy to share!
  • My goals
    I have a monthly net goal to achieve within a year that will free me up even further to do good things for others and a long term goal of a fab retirement completely financed by property
  • Interests outside property
    Creative problem solving, reading everything I can get my hands on relating to property, learning, snorkelling around the world, travel (My current favourite place for learning and snorkelling - deer island in the maldives has to be one of the best places to see amazing fish....)

Recent Profile Visitors

1,262 profile views
  1. Antoine have you been deducting any of these in your annual tax return? There is a list of what you can and cant put against CGT - usually larger scale projects such as extensions etc but you can't claim twice You can deduct costs of buying, selling or improving your property from your gain. These include: estate agents’ and solicitors’ fees costs of improvement works, for example for an extension - normal maintenance costs like decorating do not count have a look at this link to do a calculation Work out if you need to pay When you know your gain and how m
  2. Hi there I was in a very similar situation a couple of years ago and ended up paying very little CGT as the years I lived in it were exempt (in your case 5 of the 7 years), then the last 18 months was also exempt, I could deduct the cost of buying and selling, eg estate agents and legal fees. There are also special allowances such as residents relief as it was let out. There is a surprisingly good link on the HMRC website here https://www.gov.uk/tax-sell-property/work-out-your-gain and again I got a pleasant surprise when I called them, they worked it out almost to
  3. Has anyone here had experience of taking over paying the sellers mortgage payments under a lease option? If so how did you go about it, did you contact the mortgage company and of so how and what did you say?
  4. Has anyone here had experience of taking over paying the sellers mortgage payments under a lease option? If so how did you go about it, did you contact the mortgage company and of so how and what did you say?
  5. Has anyone here had experience of taking over paying the sellers mortgage payments under a lease option? If so how did you go about it, did you contact the mortgage company and of so how and what did you say?
  6. Has anyone here had experience of taking over paying the sellers mortgage payments under a lease option? If so how did you go about it, did you contact the mortgage company and of so how and what did you say?
  7. Hi Jason I'd like to keep in tou on this as I've got a similar but slightly worse problem in that I do Let to Buy for people who can't afford their own home at the moment, and I've been charging be,ow market rent to help them save. The new rules if applied will not only wipe out any profit but will mean I pay tax on properties that generate no profit at all, as all are on 75/25 loans interest only. Have a look at Matt Moody's interview on this Https://soundloud.com/theuniquenetwork/the-impact-of-proposed-UK-property-tax?
  8. We did it, now over 10000 signatures, lets keep going
  9. Some of you know that I’m an altruistic individual property investor who does ‘Let to Buy’ so that people I care about find a property they want to live in, I buy it, they rent it at BMV rent and buy when they can. It’s values driven, ethical and profitable, but it won’t be profitable, in fact loss making, under these new tax rules and I will have to stop. I fit into Rob and Rob’s category of living off the income from property and having interest only 75/25% mortgages and also still working part time so not worth setting up a Ltd Co. I will take the hit if I have to but it seems a shame to st
  10. Regarding Northampton again did anyone go to the council led meeting last week for landlords? I've got slides if not. We spent four ours that night st a planning meeting with an HMO application,it was adjourned just before our case at 10.45pm! Finally went through yesterday but 5 against 4 in favour with chairs decision, is in article 4, conservation so phew, took many months
  11. Are there individuals around you who are savers getting a low return who know and trust you who would do a simple loan with a good% return? I did this by deed of trust with people who were time poor or just earning a very very low rate....
  12. Tom Hi I'm actually quite envious of how well you have planned this out at the start, and that you are at the start! I just jumped in as I was in a position where I had no choice (I was suddenly faced with the prospect of having to resign from my Directors post in order to care for my mother and quickly find an alternative income fast) Luckily it worked. There is good advice above as always and I agree with the 75/25% split for leverage. You can always start to pay down later as you will be starting a lot earlier than me. My advice to you - decide what you are going to do strategy wise ea
  13. All good avice and I particularly like the comments about clarity and being very clear about where you are from Tom and Tim, this is just integrity and honesty. Be who you are and do what you say you are going to do - if you say you are going to do the deal , do the deal. Don't pull out (once you've done your due dilligence obv and made sure there are no issues) In my experience this will generate trust and deals you would not have heard of otherwise Ps I've been guilty of press-on itis and agree its not a good strategy! I've also been asked for negotiator's finders fees (or bungs
  14. you will find a lot of support here Gareth and great that you are ready to start the journey - I agree with Martin - you do need funds to start and property is get rich slowly and carefully in my book, you want it to be as headache free as possible. Regarding the rat race try and see it as jumping IN to financial freedom rather than escaping its a very different place. Is there anything about your job you can change so it feels more like a project? When I could leave work I found I didn't want to, but I managed to hack it so that it had all the things in it I wanted and the hours I wante
  15. Hi all A useful discussion which I'm glad I read before posting about sourcing! (luckily I did a search first), I'm about to enter the world of high end HMO's and want to stay in the post code I'm used to, NN1, even though it is Article 4, and I don't want to do any of the work. I want them to source, help with financing and re-financing, manage the re-furb from 3 bed to 5/6 bed, and then get and manage tenants. I've found someone who only deals in that area and am doing my due diligence now. I'd be interested to know your experiences of how you are offered deals once you are on board,
×
×
  • Create New...