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johnny_w

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About johnny_w

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  1. Thanks for the help. We will focus on Leeds initially and then potentially look at Manchester further down the line. In terms of investing in properties that we think will provide good capital growth vs high yielding properties - this is something I have found interesting. Most advice I have read says you must choose one of these strategies. Would you not advise to have a portfolio with some properties aimed at long term capital growth and some properties aimed towards high yields/cash flow? Thank you for the heads up regarding the goals call etc. All the best
  2. Hi Julia, Thanks for the heads up. We have considered this a lot. We will look to outsource as much as possible and look to invest in new properties at a sensible pace so we don't overstretch ourselves. One thing I did not mention is that we have a lot of time over the next few months to get the ball rolling, before my next job starts. We will start small though, like you say, and then make sure we have enough 'time' to invest before expanding our portfolio further. Thank you for the advice.
  3. Hi Lee, thank you for the reply. I think further down the line Liverpool will definitely be an area we consider. For now though, because we are just starting out, we are looking to focus on areas that are more local to us.
  4. Hi Steve, Thank you for your reply - we have since requested a goals call, so I look forward to speaking to a member of the PropertyHub team soon. Thanks, Johnny
  5. Hi All, I am new to property investing and looking for some general advice early on in my property journey. My sister and I have £1 million in cash to invest and would most likely look to do this through using a limited company as a SPV. We both have limited time available to dedicate to property investing - I work long hours in a full time job and my sister is looking to set up her own non-property business. Ultimate personal goal: Ensure financial freedom, so I have enough passive rental income to quit my day job and and set up my own (non-property) business. General strategy: Diverse portfolio to minimise risk - aiming for a mixture of capital growth and rental income properties. Initially invest in professional lets with no renovation required due to minimal free time. Eventually want the option of expanding to HMO & holiday rentals when (hopefully) we have more time to dedicate to our property portfolio/business. We are first time buyers who live in Yorkshire and therefore would like to invest locally where possible, with an example portfolio shown below. Location Price No. properties Total mortgage value Total cash deposit L:V Goal London £500,000 1 £375,000 £125,000 75% Long term capital growth Leeds £100,000 6 £390,000 £210,000 65% Rental income Manchester £100,000 6 £390,000 £210,000 65% Rental income York £200,000 3 £390,000 £210,000 65% Capital growth Our eventual goal is to achieve a net rental income of £10,000 pcm. ~~~ Obviously we are very early on with regards to developing our strategy. In the next 6 months the aim is to purchase our first 2 BTL properties in/around Leeds. We aim to refine the specifics over the next few months and i'm sure our strategy will evolve to include more 'exciting' investments (HMOs etc) as we gain experience. I was wondering whether: 1) The general feel of this portfolio makes sense to more experienced investors out there? 2) Are we being too ambitious or too cautious? 3) What are the major strategy decisions we should make now before starting our journey Any feedback would be greatly appreciated. Kind regards, Johnny W
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