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About propertyguru-uk

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  1. Own a few different cryptos, mainly ethereum. I look at more the long game then trying to chase the short term highs Mining rigs are a more stable investment and have some tax benefits which you can't get from trading crypto
  2. No one can predict the future, whoever without a shadow of a doubt there are people buying / selling property right now and turning a profit. If values of property drop, the only thing that changes is the purchase / sale value. People are still going to continue to buy / sell. So it's a case of reflecting your offers based on what you think a property is worth now vs what you think you can sell it for in the time frame you're working with. If you think that a property's value today needs to be X amount lower, then at least get out there and make offers. If people need to sell qu
  3. Sorry to hear about losing your job, it's tough times for some people out there. Refurbs are going to turnaround a quicker / larger profit, so if you're thinking of going to Japan this year then you may be able to flip something for a good profit before the end of the year. With BTL, regardless of whether it's managed or managed yourself, there's a lot more to it than refurbs. Obviously, the biggest problem that can happen is tenants not paying / damaging the property. Even with the worlds best management company, people can sometimes themselves in a situation where a tenant can get
  4. I'd consider diversifying into other smaller low risk investments to spread the risk, so that should anything drastically happen in the property market, there's less of a hit during the current times.
  5. It depends on what you need help with. Is it with property sourcing, how to stack deals, reducing renovation costs, building a team around you etc? There's many good sources online that can help, that can be less bias than an investment advisor who is going to want to sell you deals that they've lined up (apart from trying to push property courses).
  6. Just to jump in on the job part (as I think the other points have been answered well by other members), it depends on what your history / skills are. If it's going to take 3+ months for a property to go through, then that's 3 months of earnings you can gain. However depending on your skillset, it can take 2+ months to actually get a new job, as unemployment is at an all-time high and when furlough ends it's going to get worse. So if you're at least applying for stuff now, you're getting ahead of the game and you can choose whether to not take it or not at a later stage.
  7. Similar situation for us however we had a head start as we thought about this some time ago
  8. I wouldn't say that all estate agents are bad, some employ predominantly young people without much common sense and horrible tactics. However, there's many estate agents out there that employ sensible young people / older people with a much better approach. It's like any industry, there's a variety of people out there, it's just finding the right ones that work well with you.
  9. Hi Becky, Welcome to the forum, it's a great place to start to learn / soak up some knowledge. It's good to hear you're looking at getting your first property, it's an exciting time, there's plenty of good deals out there to snap up. As a first property, it may be better to look at buying something to flip, rather than a BTL, so that you build up more savings. Whilst £50k is a great starting place, it can dwindle quickly if you're trying to run a BTL whilst living / working etc. There's many things to consider such as the deposit, refurb costs, any hidden refurb costs, mort
  10. To diversify and not have all my eggs in one basket
  11. With the on-going issues in Hong Kong and with the announcement from the UK government, it has propelled Hong Kong investors to invest in major cities across the UK.
  12. Whilst they have some good reviews, their bad reviews are quite shocking. Like anything, take a deep dive into researching them before proceeding with anything. The issue with 'guaranteed rent' returns for like 2 - 3 years is what they will actually rent out for after that and if there's the demand after that period too. Whilst it may offer peace of mind for investors initially, it can also be an escape goat for when expectations aren't met further down the line.
  13. Flipping is a good intro into the property world, if you've got a good team of tradesmen around you etc. Yes I guess if that works then it could be a minimal input needed for the day-to-day stuff as long as costs don't spiral out of control. Yes it was, in the beginning it seemed like a bit far out there, however when you consider that most business owners pay a domain hosting company to keep their website online using their servers, it's just a similar concept to that. It doesn't require much input, it's just powered 24/7, which means we can concentrate on spinning other plates
  14. From experience, many Japanese & Chinese investors prefer the large cities for residential property, such as Manchester, Birmingham, Liverpool, London etc. When you get into the small towns that they haven't heard of, it may be a harder to convince them to invest in. That said, there's many great locations in Lancashire with good ROI.
  15. Hi Matt, Sorry to hear about losing a family member. It's great to hear about your first project going well so far. If your current mortgage on your own home is manageable then it can make sense to invest in something else and build the nest. Flipping properties can be a quicker turnaround profit wise and can pose less headache than BTL's. Generally speaking, there's more money in flipping properties constantly, however again there's caveats with both really. BTL = can mean nightmare tenants, non-payers, more frequent refurb costs, if a tenant doesn't pay having to take the
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