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caroline jones

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    30
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About caroline jones

  • Rank
    Established member
  • Birthday August 22

Contact Methods

  • Website URL
    www.househoarder.com

Profile Information

  • Location
    Highlands
  • Areas I invest in
    Highlands
  • About me
    Middle-aged English woman living in a remote part of the Highlands with Scottish husband.
  • Property investment interests
    Holiday lets and renovating dilapidated houses. Prone to falling in love with isolated wrecks. Want to buy some single lets in England at some point.
  • My goals
    1) To have enough property income to replace my husband's salary so he can retire early.
    2) To bring long-term-empty houses in my area back into use.
  • Interests outside property
    Trading football odds

Recent Profile Visitors

143 profile views
  1. Thanks Wesley - looks like the law changed at the end of 2016 so that anyone, with or without residency, can buy an apartment in a condominium of at least three floors as long as (a) the Board of Investment approves and (b) the purchase price is 6 million rupees or more. That's a little bit more realistic price-wise than some of the villa developments around the hotels!
  2. Hi Wesley - is it still the case that only certain properties in Mauritius can be bought if you don't have residency? Absolutely love your country and seriously considering moving there in the future!
  3. Hi Steve, I may be wrong, but I'm guessing from 'start off and get 2 or 3 small basic ones', you're not currently a landlord. In the nicest possibly way, I don't think you're going to find a lender who will lend £2m to a first-time landlord at such a high LTV. If you could get to 60% LTV and the portfolio was already managed by experienced agents, there might be a slim chance. It sounds a bit like you're trying to enter the Olympic marathon before you've completed your local park run Do you know why this portfolio is being sold? Be wary if it's older housing stock, it could be that a significant proportion of it doesn't reach the minimum EPC level (E) for a new tenancy and the landlord is selling rather than forking out to upgrade the properties.
  4. I'm not an accountant, and I'm sure one will be along to correct any mistakes I make if I'm wrong, but my understanding is that for a normal BTL not in a limited company the rental income must be split in the same proportion as ownership, so to split it 1:99 with your wife, you'd have to move to tenants in common and own the property in that proportion, which then might give you problems with the mortgage if there's one on it. If you switched it to serviced accommodation/holiday let then you can split the income in any proportion you like as it's considered a business rather than an investment.
  5. No problem - thank you for reminding me about it, because since I first listened to the Property Geek podcasts, my husband has got a lot more on board with the idea of property, and I think it might be a good listen for him too (now the horse is at the water AND prepared to drink!)
  6. Hi Kirsti, That was on Rob D's Property Geek podcast, not Property Hub. Episode 77, Managing 21 Properties In Under 2 Hours Per Week: https://www.propertygeek.net/podcast/self-management/
  7. Yes, I've been in that situation - my mortgage broker passed me on to these guys, who sorted me out: https://www.first2protect.co.uk/ About £700 for the year, though that might have partly been because the property is (a) near water and (b) had a 10m tree less than 3m from it.
  8. I started using the bullet journal method last September and have seen a huge rise in productivity as a result. Part of my bullet journal is a monthly habit tracker, where I make a list of all the things I'm trying to make a habit of and colour in a square for each day I manage it. (I am not one of these people whose bullet journal is a work of art - mine is an A5 squared Pukka Pad with a biro!) Quick 5-minute intro video to the system by the guy who came up with it here: https://bulletjournal.com/pages/learn
  9. What tttttt says - there'll be a reason it's been hanging around for that long. There might be a legal dispute or very large communal bill hanging over the whole block. Is there a factor involved? If so, who is it and what are they charging? I did a Google news search for 'dumbarton meadowbank street flats' and got: Dumbarton bail breach man put behind bars - August 2017: http://www.dumbartonreporter.co.uk/news/valeofleven/15479614.dumbarton-bail-breach-man-put-behind-bars/ Thug David Gordon who threatened ex put in a coma - January 2019: https://www.clydebankpost.co.uk/news/17352354.thug-david-gordon-who-threatened-ex-put-in-a-coma/ Information sought after 'deliberate' fires at Dumbarton flat - August 2018: https://www.dumbartonreporter.co.uk/news/16601571.information-sought-after-deliberate-fires-at-dumbarton-flat/ Dumbarton man claims his home is uninhabitable after ceiling caves in - January 2015: https://www.dailyrecord.co.uk/news/local-news/dumbarton-man-claims-home-uninhabitable-5028747 The first three would be enough to put me off living there, the last looks like probably an issue with an upstairs flat having a water leak, but if the agents looking after the other flats aren't doing proper repairs it could bring the prices down across the whole lot.
  10. Property Log extension on Chrome, but it only tracks price, not descriptions, and it's a bit hit and miss - sometimes it'll only work on the first page of a search for me.
  11. What's the EPC rating? Electric heating will usually drag it down because it's expensive to run, and you need an E or better to rent in England now, I believe.
  12. What would be the alternative toilet arrangements if you did only put en suite showers in? Separate ladies and gents on each floor and you might get away with it, but if it's a unisex facility you're probably going to struggle to attract any female tenants. In that situation I'd rather have a shared shower and my own toilet, simply because if I wake up at 2am and realise my period's started, I'd want to be able to roll out of bed and straight into the loo to deal with it rather than having to rummage around for wherever I've put my feminine hygiene products, find a dressing gown and head down a corridor. Sorry if that's TMI, but perhaps not an angle a male developer would consider!
  13. Split it into first fix and second fix. First fix is everything that needs to be done before the plaster goes on the walls, so getting all the cabling, pipework, drainage, soil pipes, new windows etc. etc. in place and putting the plasterboard up. Then the plasterers come in and do their stuff and then you get everyone back again to connect up the things on the ends of the cabling and pipework, so the light fittings, baths, toilets, showers, window cills, hanging your doors etc. etc. Find yourself a good electrician, plumber and carpenter and between the three of them they should be able to keep you on the right track.
  14. Whereabouts in the country are you, Mikhail? I have a brilliant roofer, but I'm guessing you're probably not anywhere near the north coast of Scotland
  15. Happy hunting I used to go through Battersea on my way to work every day (before I moved to the opposite end of the country!) - it's a nice place.
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