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REinvestor

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Everything posted by REinvestor

  1. The OP posted ""is an experienced btl landlord (residential)", on that basis using other BTL properties as leverage with their £100k capital, likely some fine tuned savvy finance for additional 1- 4 added BTL's for the long buy & hold/BTL past 5 years to see how the numbers unfold to get close to a £20k/yr net income? would like to see the OP come back with their own ideas/thoughts as well as more info to add to this discussion.
  2. £100k needs to produce yearly £20k net after tax to fund schooling. some basic ideas, see if this works to your thinking! so lets suppose £100k is used as a down payment/leverage on 4 x £100k BTL's (or other multiplier value) student/multi room property.... location, location on the basis fully rented & that you could get a mortgage lets be aggressive that the income on 4 x btl's student housing is £4000/mth gross minus cost to carry a £300k 2.3% - 3% 5yr fixed 25 year amortization mortgage, insurance, maintenance total for approx mthly £2000/mth costs. This leaves net
  3. @malmopearce the rightmove link says it sold for £150,000 even if the refurb bare minimum work costs was £10,000 or max £30,000 (20% of purchase price) - what do you figure that you could realistically sell this property for after the refurb & what would the net profit after all costs be? on the quote, its way too high & why do all that work. If this is a fix & flip, do minimum, recoup all the money & carrying cost that you put into it & maybe you'll get a breakeven. Good luck
  4. since parents have BTL £15k gross or approx £12k net + £40k pension income, what about the property they live in, do they own it? what is their total net worth that could be taken into account to qualify them for a mortgage/loan? @noel c, myself a senior looking at this, do your parents know or agree with what you are thinking of, would they take on this risk & what about your payment on the loan or return of the loan back to them?
  5. https://www.amazon.co.uk/Property-Investor-Toolkit-Investment-Success/dp/1508812411 also available on Amazon, you need to google it https://www.amazon.co.uk/gp/product/0993497209?tag=Propgeek09-21 plus https://www.propertygeek.net/
  6. what I would do .... first suggestion would be go to your Bank or previous mortgage lender to ask 'based on the present value of your property 'what are your options in taking out equity, how much, rate, terms & any fees associated with doing it' then once you know that, and know the amount of available cash, you could use it for whatever, either to buy something, modernize your current property, spend it on a world trip, invest in property related investments or that BTL property which is what you're looking at doing. using some basic numbers along with a few ideas ...
  7. which software did you use? https://www.gov.uk/company-filing-software/filing-annual-accounts-returns-and-tax-accounts
  8. @haf1963, thanks for that .... learned something new today.
  9. FWIW, in a small Ltd company, one that has a small profit as mentioned of "£5000 profit each year", just be careful & think about taking a 'salary', for the reason once you include 'paying salary' then you have to also pay NI contributions which dd another level of complication in terms of both money, registering & paperwork as well as personal income tax on the income what about .... if you were could draw up a consultant agreement to have the Ltd Co pay you a consulting fee to reduce the amount of corporate tax payable, then again in your name drawing consulting fees you wo
  10. trying to do this thinking outside the box - its not a 'go do it' or 'legal advice'... do you presently live in either property or have done so in the past? does either property currently have a lien or mortgage? review this, what do you see? .... https://www.gov.uk/capital-gains-tax https://www.samconveyancing.co.uk/news/conveyancing/gifting-property-4-ways-to-gift-your-property-2928 then read on. how would the company in the first instance purchase either of the properties if it has zero cash? do you see yourself doing this? ... sell property one on
  11. a few for you to check out, cost wise depends what is involved, could be anywhere in the region £700-£1000+ call each one, tell them what it is you need & request approx cost http://www.heymanand.co.uk/ https://www.tqpropertylawyers.com/
  12. what are you going on about Jim, I'm not grilling you, my questions are simple as those that are looking at any business venture or investment. after this post I shall drop off this thread. Good luck to you.
  13. I still cannot get my arithmetic right, you mentioned "23k net on a purchased 50k property" appreciate how you would work "your "model' based on "my model' of my purchase of a BMV property for 100k that is salable at market (last solds in 2019) approx 160k for the exact same property in good condition in the same street. The 100k property bought at auction was the price that included auction fees, is really bad, need lots of work, possibly 20k of refurb to get it to the 160k market price. can you work the numbers on this for me on a shared pre-tax net 50/50, after all fees &
  14. don't think you did - you did a high level, no details, that is why I asked on the forum, that with further details or explanation how you JV that you may post, it could possibly draw out interest. Jim again a request in the following to fill in some blanks... thanks OK, so maybe its me, the fact that besides being over 70 years of age (72 to be exact), that I am so slow that I cannot get it or read between the lines, so please excuse my senior moment together with so many questions about how you JV! - are you just the money guy? - are you a hands on? - why do you use
  15. @shillam, for information, reference purposes only, there are others similar to the one in the link below. in the projects for sale below, is this what you may be looking for in terms of 'already refurb'd, ready to move in with income' all it takes is money & whether the returns meet your objective - better returns if you are able to get at least a 75% mortgage. https://bhinvestment.co.uk/projects-for-sale/
  16. welcome Jim. so I understand better, for clarity, I have a few questions that I trust you could answer, such as more info of your proposed business model? 'invest with Jim', does this infer that you are the 'money man/banker' or the 'contractor' or 'property finder' maybe a bit of each? you've mentioned the net shared profit, but how do you work out the actual investment part with your JV? what-if the investment is one of or either 50k, 100k, 250k, 500k, do you still stick with a 20k net off each one after including any of the costs associated with buying & selling a B
  17. @sammade, I agree with conrad comments. my comments ... location, location, where is it you are considering buying investment property? as conrad mentioned there are many factors, not just return on investment, cash flow - but also can you do what it is you want to do, can you get a mortgage, the right tenants, even right down to how you are going to manage an income property.
  18. whether private or publicly listed companies offering folks investment in them - its all about 'buyer/investor beware' due-diligence like anything else - all of the financials, what they do, what they those companies are invested in as well as who is at the helm. then a look at the 'Balance sheet' - assets, liabilities, income, expenses, liquidity, the financial ratio's if its a stock market listed company (EPS, P/B, EPS) plus the NAV if its some sort of fund & a look at the folks running it, - no different than an individual having or investing in a BTL, HMO or investing in what
  19. @ivan something that I am familiar with based on 50 years of personal investments/investing disclaimer: past life as an individual sophisticated investor - I have never worked in the investment industry. FWIW for information purposes only reward for risk & even in a fund 'there are zero guarantees' with a 'past performance is not indicative of future results' are you specifically looking at private 'property related investments, funds or even stocks', ranging from - closed end funds, trust units/unit trusts, REITs, private Bonds or small private property developer JV in
  20. any two or more parties to an agreement, individuals, ltd companies, individual with another individual or individual with a limited company suggest that you have this drawn up by a solicitor. for reference purposes only https://www.lawdepot.co.uk/contracts/joint-venture-agreement/ https://www.wonder.legal/uk/modele/joint-venture-agreement-uk
  21. @daf +1 for sam hawking in south wales based on a referral I had previously - emailed & spoke with him. with electronic transactions these days the solicitor can be anywhere snookjas is looking I believe for someone local to where he lives a google for solicitors that can do/familiar with LOA, I found three recommended in the East Coast
  22. did you get this sorted out or end up doing anything with 'lease optioning' any property??
  23. @kathleen, welcome. free anything is sometimes better, especially the shared knowledge & information that 'Hub' members have. if someone on here does not have an answer - then its likely its impossible to find it anywhere else.
  24. more information needed about what it is that you are looking to do in a JV? there are folks out there doing various property JV's, which on a simple google search you'll find them, some new, others have been in it a while. then there a few folks on property hub offering high return investments. small to big with many variations fix& flip, investing for shared profits, venture capital, interest only, bridging, Bonds ... all unregulated what is your JV business model that you are proposing or are looking to 'sell' folks on? please tell 'me' why I should JV with you
  25. sell it vacant possession if you don't want to do the 20 questions/20 pages
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