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jonny welch

Established Member
  • Content Count

    10
  • Joined

  • Last visited

About jonny welch

  • Rank
    Established member

Profile Information

  • Location
    Manchester
  • Areas I invest in
    Manchester, Preston
  • About me
    I am a new property investor with currently 3 BTL properties jointly owned.
  • Property investment interests
    Student HMO, Developing
  • My skills
    Electrician, Project Manager
  • My goals
    Financial freedom
  • Interests outside property
    Outdoor activities

Recent Profile Visitors

339 profile views
  1. Hi Guys, I am currently looking at buying a large terraced property which I plan to split into 2 flats. The problem is the property is leasehold so I would need to buy the lease (I know it may be possible to split with permission but I still want to buy the lease). I have found the land owner, 'The Moravian Union' charity, I have contacted them and am in contact with their land agent. I have give them all the details from land registry, titles, plans etc. The problem is the owner of the property is not the head lessee, the head lessee is an old reverend from the 1800's. Does anyone know h
  2. Hi Guys, I am currently looking at buying a large terraced property which I plan to split into 2 flats. The problem is the property is leasehold so I would need to buy the lease (I know it may be possible to split with permission but I still want to buy the lease). I have found the land owner, 'The Moravian Union' charity, I have contacted them and am in contact with their land agent. I have give them all the details from land registry, titles, plans etc. The problem is the owner of the property is not the head lessee, the head lessee is an old reverend from the 1800's. Does anyone know h
  3. Hi guys, I have just been to view an amazing HMO I was considering for a management deal. The property has 9 bedrooms over 4 floors. The property is in need of repair so should get it at a discount! I am looking for a JV partner to partner up with as I can't afford it. However, I do have the knowledge! I have a small portfolio of my own, I have been in construction for 10 years and I am currently a project manager running an apartment block in Manchester City centre £4M M&E. I have also this year set up a property management company so I can self project manage and property manage. Th
  4. Hi, I have just been to view an amazing HMO I was considering for a management deal. The property is 9 bedrooms over 4 floors. I am looking for a JV partner to partner up with as I couldn't afford it. However, I have a small portfolio of my own, I have been in construction for 10 years and I am currently a project manager running an apartment block in Manchester City centre. I have also this year set up a property management company. The deal structure would be 50/50. The JV partner would bring the cash and I would run the project with a view to return the JV partners cash on refin
  5. Hi Hubbers, I was wondering if you could assist me. I am currently seeking a land sourcer to work with. I am a property investor with a small and growing portfolio and also work in construction. Within the next 6-9 months me and my new business partner will be seeking some land to build a couple of houses. We are seeking land that will fit anything from 1-6 houses, we are based in the Manchester area and would be looking to acquire land within a 30 min drive. This will be our first building project for ourselves but have lots of experience building for others. We also may be interested in a co
  6. Hi Hubbers, I am interested to know how much the property hub tax service is yearly. I know they offer a service to talk through your portfolio and advise the best options but as I am just starting out and I do extensive research anyway, I don't think it will be beneficial and besides, customer experience/ reviews are better than a sales pitch! I was wondering if anyone has used the service, I can imagine the service will be up there with the best out there, I would be interested to know the fees structure, is it yearly? Does it go off portfolio size, if so what are the brackets or
  7. Hi Hubbers, I am just about to start the process of transferring one of my properties into my limited company. I have my mortgage in place so its just the legal side to sort out. My usual solicitor has advised they can not help me with both the sale and the purchase of this (even though technically or not technically rather, I'm purchasing from myself). It looks like this may cost me more, the quote is £425+VAT +£60 in other fees. Then there will be the selling fees and possibly search fees (even though I only bought this property earlier this year and had all searches carried out). Has a
  8. Hello hubbers, I have been discussing the possibility of transferring property from my personal name into my newly set up limited company with a tax adviser. I can remortgage the properties under the new limited company without the need of a deposit by using a directors loan. I will have early repayment fees, solicitors fees and capital gains tax (which can be mitigated with what I have spent and what the market value is now taking into consideration the yearly CGT allowance). The one thing I am cautious about is, apparently I can avoid stamp duty by transferring the beneficial own
  9. Hi all, I have just set my limited company SPV and am purchasing my first property through it. I have been searching for a property accountant but not had much luck. I was an accountant that specialises in and property tax and ideally is an investor themselves. Can anyone reccomend any in the Manchester area who are fairly priced and competent? Thanks in Advance!! Jonny
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