Jump to content


New Member
  • Posts

  • Joined

  • Last visited

Profile Information

  • 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

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

mo_mir's Achievements


Newbie (1/5)



  1. Hi Nicholas, Thank you for explaining this so well, makes a lot more sense now! Have a great weekend ๐Ÿ‘
  2. Hi Nicholas, Thank you for this information, it is really useful! ๐Ÿ‘ 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 other properties on the street? In your post you mentioned if the price goes beyond the ceiling price then that is essentially a bonus. Is this how the new ceiling prices for the street are created? I have been searching the market recently for my first deal. I have come across a few streets where the ceiling price was 100k for example and there is one house which has recently been sold for 110k due to it being newly refurbished to a high standard. So when I am running the numbers, assuming I am aiming for similar spec of the newly refurbished house, should I go by the new higher price or the price of the rest of the street? I suppose the sensible thing to do would be to go by the established ceiling price and anything else would be a bonus, however I have also seen some streets now where there is an established price but there are 2-3 houses that have broken through that original ceiling price. I am hoping to be as accurate as possible with the numbers, but am I just overthinking it?! Thanks again ๐Ÿ™‚
  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 ๐Ÿ™‚ 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 2 bed terrace house many years ago, heโ€™s always telling me how he made the mistake of selling the house as it is not worth almost 10 times as much as he paid back then. Which reflects what we know with property price increases. However, this house is in a typical โ€˜ceiling priceโ€™ street. So my question is, at which point does the value of a house exceed its ceiling price for it to grow in value? To start my property journey I am looking to flip properties to increase my cash pot so I can build a rental portfolio. As we know at the moment, the property market is very hot! So BMV deals are harder to come by, if not impossible, especially now the mainstream media have begun to talk about how property is the best thing since sliced bread. Would I be right in saying that it is in a strong market where the valuations of property break through their ceiling prices? So the aim of making money through a flip wouldn't be when you buy but when you sell? I appreciate this goes against everything else I have learnt about property buying, where you are taught you make money when you buy. Your thoughts on this would be invaluable. Thanks Mo
  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 Ombudsman - Register with HMRC for anti-money laundering I look forward to your thoughts on this
  5. Hi All, I would really appreciate some advice please ๐Ÿ™‚ 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 years and he was looking to sell. I saw this as an opportunity to buy the property from him and convert it to residential to increase the rental income. The property is based in the town centre across the road from the university so it would make a great student HMO. However, I am not able to gauge from my research whether the PD rights would allow the conversion to a HMO and if not, would I be able to convert the upstairs space into a separate flats and keep the downstairs area as commercial. Your thoughts on this would be much appreciated!
  • Create New...