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Scott T

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  1. Great thanks for the replies. Laurence, do you generally achieve the valuation you are hoping for?
  2. Thanks for this. Do you have any advice or can you point me in the direction of any articles/websites that would help me to understand the legal process of buying a property in Spain as a resident UK citizen, please?
  3. I'm sorry, I'm afraid I can't help, but I'm watching this thread with interest.
  4. I invest in the northeast in properties with just a bit more than this. Great returns, and long as you find the right areas that are in demand for rentals you should be fine. I find that if you go just slightly more than the 40k mark (say 50/60) you'll get a bit more pcm rent so it won't dent your yield too much, and there'll be fewer of these properties around so they let a bit more quickly. That's purely colloquial though - no actual stats to back it up.
  5. On a recent ask Rob and Rob podcast the guest talked about his strategy of buying, renovating and releasing equity after 6 months through a further advance. This has made me consider my strategy and I'm wondering if I might be able to speed up my investment, but I have a few questions around further advances, and I'd appreciate any advice anyone can give me on this. My current strategy has been to buy properties BMV that need a little bit of work, do the work and save the rental income and after two years remortgage at the higher value with maximum LTV. I then roll all
  6. An episode on what landlords need to do to comply with GDPR would be great (both those who manage themselves and those who use an agent).
  7. Just a quick clarification question as I've just bought a repossession too. When I ring the gas and electricity supplier with the metre readings, are they able then to just switch back on the supply remotely (I'm guessing not?), or will they need to send someone out? If they need to send someone out do you know how long that usually takes?
  8. That was really helpful - that is so much easier to use and creates a much better outcome. Thanks again!
  9. Hi all, I'm about to manage one of my properties myself for the first time, and am looking to draw up an AST 6 month tenancy agreement. I've had a bit of a look around online to find a good template, and have come across one of the gov website, here https://www.gov.uk/government/publications/model-agreement-for-a-shorthold-assured-tenancy Does anyone have any experience of using this and is there anything I need to be aware of? Or could anyone point me to a better agreement if they know of one? Thanks, Scott
  10. If you already own your own home you could release equity from that. You could get a lodger in a spare room. If you rent, you could try to get an arrangement where you rent something bigger than you need and sublet spare rooms to cover your rent and thus be able to save more.
  11. It depends a little bit on how well you trust the sourcing company and/or your ability to do due diligence. In your local town/city, you'll know which areas to avoid and which to invest, but also within areas which streets to avoid and which to invest, and even which ends of street! When investing in another place, you can do the research but it's hard to get such specific, local knowledge as that. There are also questions about strategy here. If you're looking to buy BMV, release your deposit to reinvest, then I'd suggest buying local. To release the cash, you'll almost certainly nee
  12. Let me add some info to what I'm asking, to try to help get the discussion going. I'll do that by means of a few scenarios. Perhaps your strategy is to buy single lets BMV, add value and get a further advancement to release as much cash as you can. When selling this strategy to a potential joint venture partner, what would be their 'win' out of this 'win win'? Let's say the deposit was £20k, with £10k needed for the work on the property. You put 15k of that in, they put in 15k. Here are some options of what I can see you might offer (though I'm not sure if any of these are realistic, s
  13. There are a couple of opportunities for joint ventures that I'm considering exploring, but I don't really know where to start. Can anyone recommend a good book, article or other source of info where I could begin to read up about what kind of deals people are creating with joint ventures? I'm not sure what others are offering to partners, and how this varies depending on strategy
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