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  1. Yeah I can see how all of that can / has happened, and yes dont worry having watched some of the testimonials and reviews its clear some of the people that have attended could have saved that money and used free resources. I guess I am missing that network more than anything so would be interested to know if / how any others have got to know people who have complementary ambitions that you can learn / share ideas with
  2. Through reading and listening my perception is that it seems to open doors, networks, like minded people which is something I'm really struggling with. Pretty certain some people would look at my position and think thats ok, reality is I feel stuck and need some more advice / vision to help me continue to grow rather than just doing the slow burn re-financing every 3-5 years I do understand however that alot if not most of these will be pushing the basics which I feel I know now , so its one to be careful about
  3. Does anyone here have positive experience of working with a mastermind or investing in their property education? I have 3 x properties, about 150k capital employed and am struggling to get in the place where I am going to take the next step. my properties are on 5 year fixed, I've made some marginal gains on these places however its realistically a few years till I can re-finance to scale. I have undertaken a lot of self education to get to this point. Non of my friends / colleagues are invested in property or have ambition. I have listened to quite a few investors (ellie mckay, paul mcfadden, jamie york, ethical property investing etc) and they all rave about the amount of time and money they have spent on education which seems to have upped the anti
  4. Hi all, Can anyone tell me how to manage GDPR if self managing? I understand about using the privacy notice, however do I need to register with the ICO and pay for this? Thanks
  5. ha well as long term as they may / may not / could be :0). Tenants who have a long term track record of renting locally (next door!), kids in the local school , jobs locally etc. Your right, actually how long they will be there..who knows
  6. Naturally the best time to re-finance is at the top of the market and the best time to buy is at the bottom of the market. 18 year property cycle predicts 2026 will be a bust so work by that if you like but this is Crystal ball territory at the moment. Your more likely to regret not buying than making a move on something sooner rather than later. I’ve bought 2 this year, 5 year fixed at great rates and have good long term tenants in both. If there’s a crash in 4 years time that wipes out the 4 years of growth, I’ve still gained just under £40k in rent over that time. the best time to buy / re- finance was yesterday, next best time is today
  7. Your looking to flip. What’s wrong with where you live that means your mapping sites all round the county? having done a few light refurbs and one chunkier refurb close to home in the last 12 months..if your planning on doing any monitoring / management yourself it will be a nightmare being away from home. Ours were 5miles away and I felt like I was there many times a week
  8. That doesn’t sound like it’s to do with being able to source the right deals..sounds like a combination of price vs rent = investment area. ive made 2 x purchases that have gone through in the last 3 months, £145k x 2 = £800pcm rent each. I didn’t use a sourcer, didn’t send 10,000 leaflets out or view 10s of properties hoping to get a good deal in a hot market. Just knew my investment area I’ve researched in heavily, knew my numbers in terms of cash flow and % on capital employed and offered what it was worth to me based on that. FYI I paid asking price for both, both have gone up £15k between me offering and now and I’m getting a good monthly return on a 5 year fixed and both houses rented with a week of listing. I’d be looking at the geography - £7k is a lot of post tax money to be giving to someone…I’d be staying clear, unless that money was coming back with plenty of money following a re-finance , but I doubt it
  9. Yeah luckily it’s not full refurbs, but having completed on 2 x properties within weeks of each other (due to shifting completion dates), you can’t underestimate how much time it takes painting, ripping out , co-ordinating sparks / gas, kitchen fitters etc etc. We also had a tenant already sourced for one so only had 10 days to turn it round and the place was in worse condition than we thought when we got the keys!!! not something I’ve explored massively myself, but yes there’s plenty of people about who will offer you deal packaging..just need to find the good ones! I read and watch a lot of Jamie Lords stuff and he seems good
  10. I was in a similar position not long ago. I refurbed an existing property and then purchased 2 x 3 beds that will tie in with future epc requirements. The 2 beds ending up needing a bit of work and with me working long hours like yourself and having 2 kids , I can tell you it’s nearly pushed me to the brink at times!! Weekends evenings etc etc id you enjoy your job, I’d hunt out someone who can give you quite a hands off return on your money. Find someone who packages good deals and provides hands off returns, you could find someone who does this in the HMO market for example and you wouldn’t have to live around your tenants!! money thing for sure, don’t hoard it the interest I was getting on mine through HSBC was shocking and loosing me money week on week when you factor inflation let along property growth, rental yield etc
  11. Yeah that’s true. The house got so damp, that even after some re-pointing etc the salts will be working their way I out of the bricks but hopefully that’s coming to an end now. ywah it’ll need a new roof at some point as well. I guess we have just bought 2 x 1970s houses and those issues just don’t exist as much. I think we’ll prob keep it as long as we can to realise growth / rental income then sell it to start our flip journey
  12. Have a property that we refurbed and part re-financed last year. it’s a 2 bed terrace and to be honest has been a labour of love, the refurb last year inc damp course, kitchen , list of re-skimming etc etc, quite costly. whilst the refurb is sorted, the damp got quite bad under a previous tenant and it’s still working it’s way out of the re-plaster etc. I feel like, whilst the yield is good (£160pcm mortgage and insurance , £725 rent) , it’s a bit of a problem child and is always going to be needing something, damp, cold etc. problem is - sell it now , doesn’t realise enough cash to do anything with yet and miss out on new tenants due to go in for a few years. when you do calculate when is better to sell and trade up a property? I’ve just got to three properties, and have this pride thing that selling one takes me backwards. That said, I was hoping to get a few more years capital growth out of it and rental income and out the money towards a flip / BRR in the future to start recycling my money.
  13. One thing that would be interesting is if their is a data stream that is closer to the conveyancing process rather than the sold / STC prices. I offered and STC on a house in March, it didn’t go through till last working day in august and probably won’t appear on land registry data for 3 months after. Few houses have sold in the last 3 years and few rentals in the last year (apart from one I have tenanted that wasn’t advertised). Once it hits the LR, the data is nearly 9 months out of date. fot me thinking how many of these scenarios are taking place every day around the country at the moment and those who know about this information know where the opportunity is
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