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emmajayne

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About emmajayne

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  1. Think you have to keep phoning - also threat of getting private company involved to trace the water seems to help. I asked them if it was found to be their fault after all who I should send the bill to! Someone came the next day! I had to go to customer first office in Halifax in person - before lockdown. They were really helpful and printed the maps off the system. You can get water pipe maps from their surveyors online service think about 30 quid, but didn’t really help as not reliable apparently?
  2. Hi Nicholas, I’m in Yorkshire and had similar for 6 months with Yorkshire water. Call them and they’ll open a case file. Then they should come out and investigate, at first they tested mine, said it wasn’t chlorinated told me must be ground water case closed. I went to council offices to get pipe map and ground water map. No ground water. Called Yorkshire water back and said I was going to get a private company out / reopened case, retested water chlorinated so likely pipe/pressure / then covid hit, kept saying they’d get back to me. Three of my neighbours called, new case opened - came immediately! and did overnight acoustic test, low and behold - we’ve heard nothing but roads are now marked out for digging up! They said the pipe maps are notoriously out of date, the systems old and they really didn’t want me to go private. But it did take 4 people pressuring to get it sorted, meanwhile expect my house could sink in a bog any minute! keep persisting!
  3. Hi Darren, thank you for sharing. I think you’ve done a tremendous job - you are clearly doing everything you can and with these kind of properties the rent should flow again quickly. Emma -RedTower props
  4. Agree with feedback re rental - as an investor I would look for 2 bed for that area/Wooburn green for not much more. As a first time buyer someone who wants to be in the area might appeal as they’d be priced out otherwise. It’s a tricky one as no tube and train from Beaconsfield is expensive. I used to drive to tube in Hillingdon from Beaconsfield in c 15-20 minutes and no problem parking - so if you have commuters interested that might help sell it. Hope you find a solution soon? Maybe when lockdown subsided you could look at corporate let or advertise in websites there? Hovis in high Wycombe, General Mills and few others in Uxbridge / only 20-30 min drive? Good luck
  5. I’m in process of buying 2 properties cash and having serious wobble now - what if I can’t get mortgages - does the BRR model not work in recession ?
  6. Hi I’ve been quoted £975 for removing blocked up fireplace opening and taking it to 6ft high, new lintel, and pointing the exposed brickwork. This includes skip and building control. The new opening will house the cooker. In Yorkshire. Does that sound fair or a bit toppy in price? Appreciate your feedback
  7. Thanks for answers will update My journal as I progress!
  8. I think it can be difficult once they’ve made up their minds - I’ve seen people put valuation packs together with before and after pics, receipt copies, and at least 5 local comparable properties. Have to be careful you don’t overpower/upset the valuer but can help, some people insist on being there too. Not sure post event if you could try sending it ? Hopefully someone has had this experience and can advise you?
  9. Hey I think your analysis is spot on - you’re after yield not capital growth, so depending on area, you absolutely would get more yield from more smaller homes. I’m doing the same and am being careful not to get the really cheap houses as the quality of tenants can be lower. I’m looking at mid areas where there are renters but also first time buyers so that I have a bit of capital growth/ exit strategy that does not rely on landlord purchasers. Also think about 5 boilers and 5 sets of maintenance when keeping a cash buffer. As an example in the north you could pick up a house for 60-80k, mortgage and fees less than £200, rent £450-500, so £250-300 pounds per property pretty standard. I had a £250k mortgage interest a 400k property that would have great capital growth but only £700 net cash flow, vs £1250-1500 on the portfolio. Better if only chasing yield and spreads the risk of bad tenants. Good luck with it all.
  10. Quick question - if I buy in limited company does the portfolio rule apply? If it does could I do 4 personal and 4 in limited co? Cheers, Emma
  11. Thanks Stuart, that’s really helpful advice, appreciate it.
  12. I have my own home with a mortgage and have savings. I have bought 3 properties cash and wish to rent them out once renovated - I have no regular income in the meantime, will I be able to get the btl mortgages? Thanks Emma
  13. Darren - I’ve watched your journey and it is phenomenal - when you don’t retire you could def write a book! I never understood the cash flow risk taking you did...until now! Instead if stopping at 2 I couldn’t help myself and bought a third! You start seeing opportunities everywhere!!! keep your the great work - and fab that you are taking some breaks as you are such a grafter .
  14. Hi, about to renovate an old house and will have had rewirwcso lots of rubble dust - plus stripping layers of lead paint off . Any recommendations on a comfortable dust mask - I get a bit claustrophobic in those things! Cheers emma
  15. HI Sacha totally agree with the above - I have a property near London that I have on the market - hoping it will sell then I’ll buy 80-100k investment properties up north if I can get the mortgages in time, and keep them for long term. Reading forums a lot of people think it’s a wobble - personally I’m bracing for a crash but won’t stop me looking up north for yield! Be keen to hear what others are thinking
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