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Everything posted by elvax

  1. Hi, I have done some research on Liverpool city center, L1/2/3. And I can't get my headaround which is the preferred area to live / to buy my first BTL in Liverpool? Liverpool Water central dock vs. Center of the center L1/L3 vs Baltic Triangle? So far, Baltic Triangle seems to be the most popular place, but I have a feeling that's because there is more supply / agencies selling developments there so they tell you "Baltic Triangle is the most popular one", but I'm always sceptical about this... at least I thought Liverpool Water seems to be more residential, with waterfront view and limited supply >>> so scarcity value for capital growth? I was wondering if any one can provide any insights on these: 1. The center of center, i.e. L3, 5 min walk distance to Lime street, that kind of area, at least on google map view, seems to be historic buildings, bars, restaurant, etc. for tourists. So I was wondering, if anyone would rent there? Is there any value for BTL there? What about capital appreciation potential? Is that going to be higher or lower than say Baltic Triangle area? 2. Is Liverpool Water (Princess Dock, Central Dock just off Kingsway tunnel) a better area for residential BTL than center of the center ? How about comparing to Baltic Triangle? A lot of agencies tell me Baltic Triangle is where people wanted to live, but I'm not sure why I thought Liverpool Water seems to be more suitable for living as it's waterfront and withouth the noise of bars / restaurant ? Many thanks for your insights Elva
  2. Hi Nick, I'm looking at the media city and Salford Quay too, but what I noticed is that there are quite a lot of new supply these days in this area. Are you not worried about the oversupply? or this is not a concern to you? for example, I think X1 has some huge development on this island just to the south of Salford Quay which looks quite appealing, but even themselves are developing 5-7 blocks of high rise buildings, the supply will be scary once all those are completed I guess, and all those properties look identical for someone sitting in front of a PC... hence I'm worried and have these question. Thanks for your insights! Elva
  3. do you have good BTL broker to recommend please? Thanks!
  4. That's exactly my concern too. Anyone has any thoughts on the downside risk of buying offplan in this environment?
  5. Cool, thanks! I think 250 is more than enough but I just wanted to make sure I'm not buying something abnormal
  6. Thanks Richard, this is really helpful! What would be the impact on property market and property investor in terms of forward interest and credit now that government has accumulated quite a lot of debt? Will there be any direct impact on availability of credit / bank lending appetite or no direct impact? Many thanks, Elva
  7. Hello everyone, I'm from London and quite new to the property market in the North West. I browsed a few offplan newbuild flat and found out the lease terms are only 250 years? Is this standard for newbuild in North West or I was looking at some scam? Cus normally lease for newbuild in London are 999 years and 250 years are considered really low / will have little resale value, so just wanted to double check. Many thanks for your help! Elva
  8. Hi everyone, I'm new to Property Hub but I'm absolutely obsessed with it once I discovered this new world of property investing books, podcast, course and community. I'm 29, working in finance as a professional investor in equities (if anyone wants to exchange ideas please feel free to PM) so when I first heard about Rob & Rob's investment philosophy and view re economics, cycles, leverage, LT investing, etc...I fully appreciate how great it is. And this new world of podcasts, courses and community are so useful for newbies like me to brush up knowledge about property. So I wanted to say thanks a millions to Rob & Rob and everyone here in advance! With regards to property investing, I own a flat in London which I'm living in, and now I'm looking to invest in BTL in the North, i.e. Liverpool, Leeds, Manchester, etc. I'm still at the stage of educating myself about everything property. I've read all Rob's books and online course, and set up a limited company, currently researching deals and looking for specialist accountant in the mean time. (unfortunately PropertyHub's accountant seems to have a long waiting list :<) If anyone has good property specialist accountant and experienced BTL mortgage adviser, please let me know. My specific question re buying offplan is: Why the agent I'm contacting with in Liverpool is asking for 30-40% of deposit? That seems more than normal or is that the norm for Liverpool offplan market? Is escrow enough to protect all my deposit or only up to 10%? mortgage timing: when to start engaging with mortgage broker for offplan? before I put forward an offer or after my offer is accepted? Many thanks for your help! Elva
  9. Hi Neil, Thanks for your comments! I've also never been to Liverpool but quite interested. what would you considered the "prime are of Liverpool" from BTL perspective? Thanks Elva
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