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Aaron Marks

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  1. Thanks for the reply and the advice! Some really good info there. I have also noticed that the prices seem to be rapidly increasing, as also mentioned by estate agents I have spoken to. Brexit seems to have had very little effect! I will have a little look in those areas and let you know how I get on. Also if you find any good deals, I would be happy to pay an appropriate sourcing fee if you pass them on? Thanks again for the info! Aaron
  2. Hi everyone, I am looking to buy a property to flip in Birmingham and was wondering if anyone else either flips or invests there? If so I wondered if they would be able to help me out with regards to areas to avoid, or potentially good areas to look at? By budget is really around the 100K - 120K mark and I am looking to make 20% profit at the end of the project. I am currently analysing the area and viewing properties in various locations but obviously it is a big place and this can be very time consuming so I am looking to try and speed up my next deal and be more efficient with my viewings. Any advice would be greatly appreciated! Thanks in advance! Aaron
  3. Hi All, I am currently living in London and looking for a property to flip in the Birmingham/Peterborough/Northampton area. Due to the distance and time required, I am looking for a sourcing agent to help find me a BMV deal. Does anyone have any recommendations of sourcing agents they have used in any of these areas? Thanks in advance Aaron
  4. Ben, Great job on compiling this list! I was about to do exactly that until I stumbled across it. Thanks for taking the time to put it together, very useful! All the best Aaron
  5. Thanks James, a useful resource there!
  6. I'll be there on the Friday, unfortunately couldn't make the Saturday. Really looking forward to it!
  7. Hi Charles, Just wondered if you had any luck in finding an accountant in the st albans area? Property specialist accountants seem to be few and far between! Thanks, Aaron
  8. Hi Paddy, I think the average completion time is around 6 weeks start to finish but a lot of factors can play a part in this timescale. One of the key things is the solicitors. You should probably call them up every couple of days to check the progress of the sale and push them along, as they are well known to drag their feet otherwise. A couple of documents will need to be signed by hand by the buyer (can't remember which ones exactly) as they can't be done electronically so I guess if they are away for a period of time while a specific document needs to be signed then it could hold the process up. Hope this helps! Aaron
  9. No probs, and yes do let me know if he says anything different. It seems to be the case that these sorts of changes get put in place to cause panic and put off people who aren't that serious about investing, when really if you drill down into it the changes really aren't that substantial. What I have learn't is that no matter what changes are put in place, serious investors will always find an alternative way of doing things (legally of course)!
  10. Hi Hitch, Like you, I am also starting out in property after having educated myself for the last 18 months or so. Having had a quick read of the article you mentioned, I thought I would try to give my best answer. The article focuses on the new criteria that have to be met to be granted a BTL mortgage (basically to make sure that the mortgage payments can be made in the case of rising interest rates, etc - and obviously to annoy landlords ). Yes these have been made more stringent in the last month, but I can't see any reason that you can't remortgage and take out equity, as long as you meet the criteria for the new buy to let mortgage. As far as I am aware the changes are minimal. I was speaking to my mortgage advisor the other day and he said that for most BTL mortgages, the rent has to cover 125-130% (lender dependent) of the mortgage and a further 105.5% (cant remember what this was for - used to be 105%). Example: Monthly mortgage payments £100 125% of £100 = £125 105.5% of £125 = £132 Therefore, rent must be greater than £132 per month. So I wouldn't have thought that these changes would make a massive difference and end the remortgage strategy. I would be interested to hear anyone elses thoughts on this (also to check I haven't made a mistake!) Also, I wouldn't rely too much on what the media have to say about property, as they are not property experts. All they are looking to do is sell stories! Hope this helps! Aaron
  11. Hi everyone, Just a friendly hello from watford. Like many others, I have spent a long time educating myself on property and am about to start my property journey. I would be very interested to hear from other investors (especially in the Watford and Hertfordshire area) to see what other people are up to (maybe see some of you at the St Albans property meet). Hopefully speak to some of you soon! Aaron
  12. Joshua, that sounds like what I may be looking for. Lets have a chat about it, when is good for you?
  13. Hi Joshua, I am based in Watford, Hertfordshire. Not too fussed about where they are located as I would be happy with a phone consultation. Thanks Aaron
  14. Hi everyone, I am fairly new to this site so apologise if my question has been answered elsewhere. I was wondering if anyone can recommend a good tax advisor/planner. I am at the stage where I would like to start investing in property, however I wanted to run my strategy past someone to find out the best way to set up the business, i.e., ltd company, etc, before I get going. Any suggestions would be greatly appreciated. Thanks in advance! Aaron
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