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cornelious

New Member
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    9
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About cornelious

  • Rank
    Newbie

Profile Information

  • Areas I invest in
    Cambridgeshire
  • About me
    Hi, I’m keen to learn about how to generate income from assets.
  • Property investment interests
    Single Lets is the plan, due to my current low experience and disposable time.
  • My goals
    I’d like to get to the stage of having £3000 a month net passive income by 2040
  • Interests outside property
    Running and carpentry

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  1. Rob, thats very kind of you! Thank you very much for taking the time to reply. Happy Easter
  2. Hi, Random question: if a 10% deposit was paid for an investment property that was not going to be built for a year or two, how would that deposit appear on the balance sheet? My best guess is that it would appear as an asset on the Balance Sheet as a fixed or an intangible asset, but Im not sure which one. Thank you
  3. Hi, Background: I invested in a Deansgate South 2 bed apartment with RMP [now Property Hub Invest] last year: completion is due next Spring. A 10% deposit is already down. Having just remortgaged my own house to release equity for the final 15% on Deansgate, I am thankfully now in a position to invest in a 2nd BTL property. Question: for my second BTL should I wait 9-10months to see how well Property Hub Invest deliver the goods with the Deansgate apt before investing with them again? Or should I find a BTL property without this property sourcer? Property Hub seem to make everythi
  4. Hi Guys, I am after a sanity check of my understanding of the following please! Number 3 in todays podcast regarding 'Investments to Avoid' was: -Investments that cost you money [I understand it as a negative net monthly profit] This does makes sense to me but what are your thoughts on the given 2 scenarios with the same property with differing LTVs: 1) You have a £200k property on 75% LTV that rents for £500 pcm, management is £50 pcm, interest only 4% mortgage is £500pcm. £500 - £50 -£500 = -£50. So you're losing £50 a month= BAD 2) You have the same £2
  5. Thank you very much for your time, I really appreciate it.
  6. Hello All, I'm very excited to be here after having discovered the Property Podcast a month ago - since then I’ve been hooked! So thank you very much to Rob and Rob for the education and entertainment. Hopefully you guys can help me get off on the correct path: My goal: to build a portfolio of professional lets over the next 20 years that will generate a net income of £3k a month (plus inflation) My situation: - I own and live in a house in Cambridgeshire - Luckily I have just a touch over £100k in equity that I could currently rele
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