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About mo_mir

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  • Location
    Stoke on Trent
  • Areas I invest in
    Midlands/North West
  • About me
    Currently working in medical sales and looking to invest in property. My plan is to flip property to increase capital and then build a rental portfolio via HMOs and single lets.
  • Property investment interests
    - Flips
    - HMOs
    - Single lets
    - Auction purchases
  • My skills
    Sales and negotiation
  • My goals
    To build a property portfolio to replace my income and to work in property full time
  • Interests outside property
    - Football
    -General fitness
    - Reading

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  1. Hi Nicholas, Thank you for explaining this so well, makes a lot more sense now! Have a great weekend 👍
  2. Hi Nicholas, Thank you for this information, it is really useful! 👍 I get that with inflation the prices of assets such as property will rise over time. The bit I can't get my head around is, how is it exactly that a property ceiling price today is 100k then tomorrow it is 105k? I am guessing here, but is it that a when a ceiling price for a property is 100k for example, as inflation kicks in a buyer comes along and pays more than what the property is worth, say 105k due to the buyer having more 'cash' in their pocket to spend, which in turn increases the ceiling value of all the oth
  3. Hey Hubbers, I have spent most of the lockdown trying to increase my knowledge of the property world in the aim to start my property adventure in the next couple of months. So please forgive any naive questions I am about to ask 🙂 A topic I came across while researching, was that most houses or streets have a 'ceiling price' whereby no matter how you improve the property there is a maximum it will sell for. So even if you added in a swimming pool at the back or a helipad on the roof (a bit over the top I know), the house will have a maximum price it can achieve. My dad owned a
  4. Hey everyone, I read a really useful book recently - The Deal Sourcers Toolkit by D. Elawel. The book describes really well all the steps that one should to take to be compliant when sourcing property. However, I am unsure if the compliance steps described in the book are still applicable to someone who is sourcing property director to vendor, but is sourcing the deal for themselves as the investor? Some of the steps described are; - Registering with the ICO - Professional indemnity/employee liability insurance - Signing up to the Property Redress scheme or Property O
  5. Hi All, I would really appreciate some advice please 🙂 I am quite new to the property investment world, so please excuse any questions that may come across as naive. I have been reading up on the changes for permitted development rights. From what I understand, the new PD rights allow you to convert commercial buildings (from the new usage class E) into residential dwellings. My question is, can you convert a commercial building previously used as a nursery/creche into a HMO? A family member purchased this nursery several years ago, it has been vacant for a couple of
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