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About proprio

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  1. Thanks for your reply Richard ! Is the Gross yield on HMO very high because the cost of running them is much higher ? I guess HMOs have to comply with yearly requirements with regards to gas, safety, electrics etc. etc. but will that damage significantly the net returns? I don't understand why anyone (who has enough money) would by £300k house and try to rent as a 4 bed student with a 6% gross yield if they can get 12% if they spend an extra 200 to £500k Am I missing something ?
  2. Hi, I am an absolute novice in all this so forgive me if my question is dumb or else... I have a bit of cash on the side and formed an Limited SPV to invest my hard earned cash in some BTL. Initially I thought of buying Cash a property and seeing how it goes but I am now having second thoughts: What happens if I want to buy another property and all my cash is locked into my first property !!? I am wondering what is best for Limited SPV: 1/ Buy the first property with a mortgage which gives the advantage of leaving some cash for a second proper
  3. Thanks Richard your input is indeed helpful and I will keep in mind the saying "if I am not embarrassed when making an offer, then it is too high!" The property is in around Birmingham where I am not quite sure rental yields should be. For example I see large HMOs in Selly Oak offered at around 11/12% implied gross yield, and I have a feeling that it is too good to be true.... or is it ? Would you say that there may be some underlying issues with these ? Or is it that large HMOs gross yield are generally much higher but the net return will be in par with more conventional BTLs ?
  4. Sorry I realise that my topic above may be better suited to « critique my deal » would be be great if an admin could transfer it ? thanks
  5. Hello, I am planning to buy to let in Birmingham, hence I am looking for a good/trustworthy surveyor that will be able to (1) perform a solid structural survey, (2) give a fair valuation based also on local knowledge and (3) deliver the report in a timely fashion. A internet research returns only 2 potential candidates: - Marwood surveyors - Allcott Birmingham branch Has anyone had experience with any of them? Alternatively can you recommend a surveyor you were particularly happy with (here or private message) thanks in adv
  6. I too am interested at properties in Europe but how do you manage the 2 main issues of: 1- property sourcing. Visiting houses/buildings in Germany or Portugal would need me to take a holiday from my day to day job and it’s difficult to juggle with family etc. 2- language barrier. Anything gets complicated unless you are fluent in the other countries language... I can speak French, sadly the BTL market is crap there (low yields & high capital gains tax). Don’t speak German Portuguese nor Spanish :-( Anyone could share their experiences in more details ?
  7. Hello All... newbie here so please be forgiving! ( apologies if my post is a bit long ... hopefully some will read until the end ) I am looking at some BTL opportunities and found a 3bed house all refurbished to high standards that looks interesting in an area that I think will gain in value. After doing some research I believe that the developers bought the property last year for about £90k. There were a few sales last year at that level actually in the same area. The highest sale achieved in this street was £105k back in 2005 ... so I would guess pre-c
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