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malmopearce

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About malmopearce

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  1. Looking for some resources which will help me understand the details and complications with HMO properties. My understanding thus far: - 1-2 people in a property would be under normal AST - 3 people in a property with TWO of the 3 from related and the other unrelated would be normal AST's - 3-4 people would be "additional licensing" HMO (Nottingham council) - 5 or more would be full HMO Licensing across the UK Bedroom size minimum would be: 6.51m2 for one person over 10 years old They don't all need on-suites they can share the facilities if required. Room
  2. Great feedback. We have one at the moment that is Multi-unit property, at least I assume it is because we bought the Freehold in one go for the property. We are not lending so this might be the best way to go? Any idea of the add on cost to a standard 3 bed high quality semi refurb. Let's say that is £30k, then are we saying £15k on top for building regulation requirements and all the things needed for 2 seperate units?
  3. I had a squatter from day one. Bought a property and they refused to move out - said they had not found another place and didn't have the money to do so. I offered for them to rent it while they could find a place - but nope - no money for that either. LUCKILY there was a delay on the transfer of funds to them for the completion and the Solicitors (their side) managed to stop the funds. So she moved out the next day!
  4. Anybody done this? Any advice or idea on costs to take a traditional SEMI and split it? Properties are near an hospital and are huge - so would achieve better rents this way and rent easily. However no idea on costs so any guidance appreciated.
  5. Hi everyone, We are moving now into Commercial and I would really love your advice: 1.) How do you find comparables of properties SOLD and what they SOLD for - is there anything like we have for Resi properties? 2.) If comparables are difficult how do you value what a building would be worth if VACANT? E.G the actual value of the building and potential for it to be tennanted? 3.) Any professionals you can pay to help with the above? Looking at a couple of investments £1m+ so want to be sure. Thanks!
  6. Could you ping me the details of the company please to darren@bpitrust.com
  7. Buying 12 properties in one go and thinking it would be a relative doddle to refurbish them all..... Boy I was wrong!!
  8. Now? With the unknowns on CGT, the issues with owning property in your own name rather than a company, the high sale price at the moment et al - if you would consider selling your property portfolio then I would be interested to discuss buying. We are interested in purchasing portfolios in Nottingham – our typical portfolio purchase size is £1-£2m but we do have funds readily available for up to £5m. Attached is our typical offer letter with our identification. Areas we like are Carlton, Arnold, Netherfield, Gedling, Clifton, Long Eaton, Sherwood but we would consider propertie
  9. I am looking to diversify the portfolio a bit and buy 2-5 new properties on a new development. Having not done this before can someone point me in the direction of how I can see what developers are developing in my area (Nottingham). Houses rather than flats - personal preference. Any advice also appreciated :-) Thanks!
  10. Maybe the pictures make it look better than it is. I have 2 quotes from "all in providers" and both are around the same amount. All in at £25k would make this a very good investment (3 bed is on the market on same street for £185k at the moment) and 4 bed (which this easily can be) sold for £200k+ when all done. At moment I am actually thinking of auctioning it because of the cost of doing the work, or the apparent cost of doing it. Would love your advice, some help even if I have to pay for it Darren - like you know, I am new to this but need to learn quick. You have my email but darr
  11. Seems some lenders don't want you to have a mixed portfolio (we have 20 residential and 4 commercial units). Anyone else experienced this? Any work around?
  12. Any guidance appreciated - and example link if you have it. THANK YOU!
  13. By charging them rent your already monetising them - just saying.
  14. Link not working? Any chance I can get a copy to darren at bpitrust.com would be very much appreciated.
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