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  1. Hey all, I'm in the process of planning a new venture in property development. Over the past few months I've visited properties, built myself a comprehensive budgeting spreadsheet (that factors in all purchase, finance, holding and remortgaging costs), and gathered enough data to be able to run a simulation of my intended BRR strategy. The result has been discouraging! It would appear that given my starting capital of £100k, I'll run out of funds by my third purchase. Would an experienced developer sanity-check my simulation and confirm this? If this is indeed true, what would you su
  2. Hi everyone, I am looking at the smartest way to start my property portfolio. I have set up a ltd company to manage the property and the income as I am a higher tax payer and at 28 this is a project for the long term and not short term gain. I will Ibe loaning the company £30,000 and was wondering what the best way to minimise the tax I have to pay on this. I have read that directors loans can be paid back without tax being paid on the rental income. I have read that I need to set up a second company to loan the money. I was hoping to just get some clarity on the best way to
  3. Hi all, This is my first post and I hope someone can help! My gf and I is looking to buy our first BTL property under a limited company and I understand that we will need to do personal guarantees against the mortgage (which is fine). We both have our own residential mortgages , however, she has a help to buy equity loan on hers. I understand that with HTB you can’t own another property until you have paid off your existing equity loan (or sell the property) . Is this also the case if the property is purchased under an ltd company as it is a separate entity? Many thank
  4. Hello Hubbers! Hope you are all well... I was wondering if any readers would share their experiences of Deed of Guarantee signings required for their Limited Co BTL mortgages. I can’t find much reference to it in books or on this forum or the wider web, and professionals I’m dealing with such as Solicitors and Brokers are giving me contradictory opinions on it. Some are saying it’s unheard of and I should be able to negotiate out of them with the lenders, others act like everyone has to do it, so I’m fairly confused. I have a Limited company with my sister who is a small shareh
  5. Hi everyone, I've found myself in a bit of a predicament with an impending divorce and trying to figure the best way to navigate out of this situation. Any advice on the following details would be much appreciated. I have a property jointly owned with my ex. We have amicably decided she should get her share of equity that we've made plus any contribution to previous renos costs. This comes to approx. 60k. My issue is how best to raise the £60k. The easiest option would be to sell up and start again. However I've put a huge amount of work into renos and improvements over the last
  6. I am a newbie to property investment, I don't currently own my own home (Living with parents) and want to invest in property. I currently have 40K in my savings. As far as i'm aware, I'm unlikely to be able to get a BTL mortgage as you I will need to get a residential mortgage first? I want to know whether I should get a residential mortgage on my first property then wait out 2 years before I remortgage to a BTL mortgage? Is there another way around this? My aim is to build up cash flow and my portfolio over a few years through remortgaging and releasing equity to purchase additional
  7. Evening all, I have recently had an offer accepted on a Flat, with an unusual condition attached. This is the situation: Vendor owns all four flats in the building (and the Freehold). He has put all four flats on the market at the same time. The condition of sale for the flat I am trying to buy (FFF) is that he will only sell it if he can sell (at least) two of his flats, because he needs to raise a certain amount of capital to inject into his (unrelated) business. I do not know how much money he needs to raise, but i understand he has a threshold of two flats because of the CGT he w
  8. Hi all – first post in and hoping I can use this platform to tap into some great minds. I have been listening to Rob(s) podcast for a while now and have been doing a lot to try and educate myself on the ins and outs of property investing for beginners. I feel like I have a learnt so much over the past year, but I have the biggest frustration of not being in a financial position ready to start my venture. I have recently purchased a house (joint mortgage with my partner) so have limited equity available to release from that. I earn a decent enough salary that I am able to put away aro
  9. I’m looking to buy a BTL property in Leeds but I don’t know the city very well, does anyone have any recommendations of good areas and areas to avoid? I’m looking for a nice 2/3 bed house that can attract young professionals. Thanks in advance for any advice.
  10. Greetings PropertyHubbers! I'm Diana, based in SE London, and have been brought to the forum by Rob D's inspiring books in property investment (thanks Rob D, I've turned into a fan!). I have a very mixed professional background, having worked in private, charity, academic and public sectors - and that's because I'm essentially a big fan of learning and of trying new things. At heart, I'm very entrepreneurial, and I've never been a fan of full-time work, so I'm dreaming of the day I will become financially independent. My dad has always inspired me with his entrepreneurial and property investor
  11. Hi guys I have just leaped into my first investment with a standard BTL property in Salford, Manchester. Was wondering if anyone on here has any knowledge of the area and any thoughts on the deal. I managed to get the deal slightly below market value. I have attached the right move link below. Any feedback is welcome. http://www.rightmove.co.uk/s6p/61096188 Cheers Mason
  12. Happy Easter All, I was curious what ROI percentage and net yield do you look from from a buy-to-let? Thank you in advance. Joe
  13. Hi Ive been told by a financial adviser that you can avoid paying stamp duty on property that you transfer into a limited company by claiming it to be a going concern. Has anyone had any experience with this as so far all i read is that you must pay stamp duty.
  14. Good Morning All, I recently went to one of the property hub meet up groups, which was great, where I found out about "gifting" property. My situation is my parents have a BTL property of which they own outright (no mortgage), but are looking to sell it to support their retirement. I have said I would like to buy it from them, but have then found about gifting, where they could gift the property to me and I would remortgage the property and the gift them the money back. They bought the house for £175k and its now worth double this at £350k. I am wondering what fees I will have t
  15. Hi Guys, Shutzy here, a guy just getting back into the property investment world again. Looking forward to the fun and the challenges and the motivation and support from all of those on this forum and finally the rewards of deciding if I want to work today or not. cheers Shutzy
  16. Hello, I have purchased a property in auction and am now looking at mortgage options in time for the completion of the purchase. This will be my first property. I am looking to understand the actions I need to take to secure a BTL mortgage on this property (if even possible), and how long it can all take as I have around 4wks to completion. I know I have done this in the wrong order but am hoping someone is able to advise me on how to proceed... Thank you in advance, Manny
  17. Hi all, New to the forum and trawling through all the great content. Myself and my wife are looking for buy to let properties (mainly in the areas recommended by Rob and Rob on the podcast). Leeds stands out a bit for me, I've spent a couple of nights in Leeds and like the city centre a lot so am quite keen on the area for a buy to let. We're mainly looking for new or nearly new apartments that will require (hopefully) minimal effort in terms of management. I've noticed the LS9 postcode is relatively cheap and it seems there is a lot of regeneration going on neary by with the South b
  18. have a vendor who initially asked for £3k to be released to him from the solicitors on exchange date . The completion date is set for 10 days later. He explained he needs the funds to pay for relocation removals etc. I initially agreed to this however now he is asking for £24k to be released to him on exchange date and that’s 2 days before exchange. I am reluctant to authorise such a large sum as I am afraid he might run away with my money. Has anyone had similar experience? Are there any guarantees that he won’t run away with my money? Also if I was to authorise this, do yo
  19. Hi I am new here. I am a very small time landlord, we have just one BTL property in London. My daughter is a student in Manchester and as she seems likely to stay on for an MA I am thinking about making use of some money my mother has given me as the deposit for a property for her (daughter) to live in plus one or two friends paying rent. So I put this to my current lender today and they said they didn’t offer mortgages on such a basis as it’s a “family let” and therefore considered higher risk. My questions are: 1. Is this going to be the answer I get from every lender I con
  20. Hi Everyone, I am brand new to the world of property investment but have been involved in construction all my adult life. I run a Refurbishment/Renovation business in the South East. My goal now is to start a portfolio that will allow me to have more free time. I am keen to learn and eager to succeed but would greatly appreciate any help or advice on offer for someone new to the game. My strategy would be to buy BTL's that require some renovation so I can add value and keep the cash flowing. I am self employed and so is my Fiance although we have equity in our current pro
  21. Hello PropertyHub Community, I've spotted a property in my local area which has been on the market since August '18, listed for £55k, and is currently of vacant possession (I believe the former owner has recently deceased). The property requires a cosmetic refurb, with complete modernisation (including kitchen, flooring, repainting etc.) though nothing 'too' heavy. Sold comparables in the area are more like £75-£80k, so it looks as though there's money in the deal, and it looks to be a great opportunity (has the right fundamentals, location, schools etc. etc.). However.......
  22. Hi All! I am super keen to build out my small BTL portfolio in Leeds. I found a stunning new build of townhouses but the developers say they won't sell to BTL landlords - is there any way around this? If not, does anyone have some advice of new builds/areas in Leeds city centre where I should be looking? Ideally 2/3 bed, unqiue feature(s)? Thanks in advance Nick
  23. Hi hubbers, I was hoping for a little bit of advice. My wife and I are currently looking to buy our 2nd BTL and we are not sure whether to buy in a Ltd company or not. We are both basic rate tax payers and can afford to buy in our personal names and not be pushed into the higher tax bracket providing we equalise our salaries (although we will be close to the 40 percent tax bracket). We are both 27 and I would like to think that in the next 3-5 years we would have had pay rises making us higher rate tax payers (myself more so as my wife is now working part-time). So my question i
  24. Hi there History I have got hold my hands up and say I have introduced myself before on here and then been caught up in a Tornado of life/renovation and moving house and haven't been back on the forum, so apologies first of all for not replying last time to anyone who messaged. I really would like to get involved on the forum as I know how much help and information is on here. I am on my third own home renovation and also just completed my third flip/buy to sell property. Last time I was on here I was living in a different area (Oldham) but have now moved closer to family where
  25. Hi Hubbers, This is my first post on the PropertyHub, so please be gentle! I need some help/advise on loan from company to company whereby the shareholder of both companies are the same. The Dilemma I am currently the only shareholder of a limited company for quantity surveying whereby I provide commercial services on a freelance basis. I have been doing this for couple of years now and have managed to save a substantial amount in my business account. As the money is just sitting in my business account, I want to utilise it, and am now looking to set up a Buy to Let l
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