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  1. 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 bank regeneration and Climate Innovation district. Biggest concern with the area is maybe it's a little too far out (approx 25 min walk to the station according to Google Maps) and possibly a bit sparse of nearby amenties until the above regeneration projects are further down the line - who knows how long that could take?? I've seen other posts mentioning that captial growth could be slow but the yield could be high in this area but we are probably more concerned with captial growth at this stage. I'm wary that the area may be a bit run down so any advice on the LS9/Cross Green area in general would be appreciated. We plan to take a trip up shortly but with limited time available would like to focus on properties in the right areas. Any advice much appreciated! Cheers Sam
  2. Hi All, Just want to thank Rob and Rob for building this amazing platform! This site got introduced to me by a colleague and I'm really grateful for the resource as its an incredible wealth of information and an invaluable starting point for someone like me who is at the very beginning of their property investment journey. I haven't invested in any property yet, but plan to do so in the next 12 months and intend to invest up north. I'm from the West Midlands but live in London and have links in the North West, which gives some options around support in those areas. I'm an Engineer for an IT company, am in my 30s and intend to spend much of the next 12 months learning, networking and building up my skills, savings, contacts (and credit score) to land a buy to let property somewhere up north. You like how I slid 'land' in there (bad joke I know!) Anyways, looking forward to collaborating with you all and I hope to have a lot of positive engagement in here standing on the shoulders of all you giants! Happy weekend!
  3. 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
  4. Hi Everyone, As an avid listener to the Podcast I thought it was about time I introduced myself and got invloved. Thanks Rob and Rob for everything so far! My girlfriend and I bought our first house in 2014 and just by chance there was an old wreck of a Victorian workshop building for sale at the same time - we had to have it! Rejected by lenders in a heartbeat we maxed out loans for ‘home improvement’ (it’s kind of true if you read on ) and scraped the £62k together. The workshop was tenanted at £6k per year and the protected tenant stayed for three years so we made almost £18k back. We are now just a few weeks away from demolishing the workshop and replacing it with a four bed Victorian style house which we intend to be our next home. We are acting as main contractors so the there’s a lot to learn on top of the all the decisions we have make! Our plans for the future are to sell our current house and remortgage the new house to raise capital to start a portfolio in the north (Liverpool, Manchester, Leeds), with a focus on the city centres and capital growth. The portfolio will be held within a limited company and none of the profits from rent or refinance will be extracted, it will all be recycled to build it as quickly as possible. The long term goal is financial freedom but we don’t plan to turn our focus to income just yet, it’s all about the growth! My expertise is in electricity connections, service alterations and diversions from 240V (home supply) to 11kV (transformers, overheadines etc.). I look forward to helping some Hubbers out. Looking forward to spending some time on here and getting to know some like minded people! Regards, Chase
  5. Hi Guys, I am a British Expat currently building my portfolio. I have one property already and looking to add my second property in the next 3 months. I am currently deciding whether it would be beneficial for me to set up a limited company or continue investing as a private Landlord. I understand that the rates etc are higher for a limited company with better tax benefits, however as an Expat earning aboard I currently benefit from the UK personal allowance meaning I wont be entitled to pay Tax on my profits until they reach above the threshold of GBP11,500. Loving these forums and am finding them very extremely helpful. Any advise would be appreciated!
  6. Hello Everyone, I'm new to property and am in the process of trying to take in as much information as possible before taking the plunge and buying my first property. I've been stacking some deals, trying to include all the costs and not miss anything, with the intention of flipping. However one thing i have come across is some confusion over the selling costs. Question: Should I allow for the selling solicitor and estate agent fees in my initial capital needed to invest? Or can i use the money made from the sale of the property to pay the solicitor and estate agent. Some clarification from someone with experience would be fantastic. Thanks alot!
  7. Hi all, First of all- I would like to thank everyone who contributed to this forum. I've learnt so much just by reading through and I believe I will continue to spend countless of hours on here getting myself educated. This is my first ever post - so please excuse if my question seem silly. I've read a few books and listened to many podcasts about buying properties BMV, refurbish it, rent it out and re-mortgage after 6 months or so. My question is: How are investors funding these deals? For example if you have £100k cash, and a property up in Manchester is £65k with a refurb cost of £8k, do you buy it with cash completely and re-mortgage it after 6 months to get as much of your money back out? or do you just put down 25% as deposit, get a mortgage, fund the £8k refurb cost with cash and re-mortgage after 6 months? Of course, I understand there are pro and cons or being a cash buyer, but from an investor point of view, what is the best way to invest the cash you have in hand and what are the norms that other investors are doing to 'recycle' their cash? Many thanks!
  8. Hey everyone, So we are Stephanie and Karen, we are new to property investing and have one investment property in South London through inheritance. So this is now the start of a big/exciting/scary journey! We have an interest in Kent particularly Swale and Medway as we know these areas, but also South London/ Croydon /Sutton as this is where we live and obviously have local knowledge. The property hub pods have been fab for me (Stephanie) as I listen on my commute to Canary Wharf and we are thinking of buying a property with Property Hub in the north and it would be great to hear from anyone else that has done this. I'm also an avid reader of all books property related and something of a budding fintech nerd for investments. Stephanie
  9. Dear Hubbers HI, I'm a HMO newbie and grateful for your advice. I've got a 6 bed HMO , 2 storey in the works . All bills will be included. I've got myself a bit confused with the type of thermostat arrangement to set up. Should I just have a single thermostat in a communal area , one on each floor or one in each room ( super pricey to set up) I'd really appreciate advice on how to keep bills down whilst making sure everyone is comfortable . Having a thermostat in each room seems like the most comprehensive solution but its the most costly. Any advice on an easy -to -use brand which has worked for you and thermostat strategy would be gratefully received. I appreciate your time Hubbers!
  10. Hi everyone, I am looking to get into property investment, but my wife and I purchased our house with the aid of Help to Buy so I need to wait to invest until this is paid for. In the 3 years since buying, we have managed to save up quite a nice deposit for a house to let out, but in Dec 2020 we will be due to pay back our Help To Buy (amount dependant on house prices at the time - but could be c. £70K). Does anyone have any guidance on effective ways to deal with Help To Buy and plan for when it needs to be paid? Thanks, Wilfitzy
  11. Hello everyone i have recently setup a company called Hesford Real Estate Limited and I have a couple of BMV options that sellers are in progress accepting. I have a potential buyer. I am not sure what to do next if the buyer accepts. My training only covers up to the point of buyer accepting. I guess the next phase would be to get the cash off the buyer. So a question Do I need to involve the buyers solicitors for the TR1 form for transfer of deed or is that something the buyer does?
  12. Hey guys, I'm Tom and I live in Rugby in the west midlands. I'm new to the game and have just set out my goals. I'm looking to achieve a monthly income from profit of £2000 in the next 3 years. I'm pretty busy with work so I've set the strategy of BTL with buying low and adding value, with the intention of recycling my deposits. I haven't got a lot of capital at the moment, however I have my own home with some equity built up. My first SMART goal is to buy one property in the first 12 months, which requires me to save a certain amount and release some from my home. I'd love to hear the thoughts of anyone who has gone down this route to get started with their first investment. I'm equally as interested to hear from any investors in Rugby - good idea? It seems to have all the fundamentals. Thanks in advance! Tom
  13. Hi all. It’s a pleasure to have found you all here. I’m an Edinburgh-based property investment newbie. I’ve enjoyed, and still do, a career in the public service and am lucky enough to earn a decent salary. But at 47 I’ve have recently had the epiphany that unless I find a way to significantly supplement it, I won’t have the options, lifestyle and security I need for my family in the years ahead. I have a long standing interest in property. I’ve renovated a number of my own properties and run a successful interiors blog. But I’ve never before had the capital, knowledge and confidence to take the leap into investment. Thanks to @robert dix I’m ready to start. I have a high level strategy - to take £70k equity from my family home. Using mortgages I want to buy an Edinburgh city centre property for short term holiday lets which will be fully managed. I also plan to buy a couple of buy and holds in Aberdeen (I’m originally from there and know the city) where yields look solid but capital growth could be strong. To scale up I’ll save the rental incomes and remortgage to reinvest asap. So, how to start.... Focusing on the Edinburgh property first, my initial action plan looks like this (a) speak to letting agent for advice about demand/rates/occupancy etc. (b) with that intel appraise the viability of the project in principle and start identifying possible properties (c) get along to the Edinburgh property hub meet up (6 Sep) (d) source an accountant - need advice about whether to buy through company wrapper before I can start offering on properties (e) find broker to get finance in place Writing that down makes it seem like I have a clear plan but I confess to feeling a little overwhelmed at this stage. Does that sound right for making a start? Does anyone have any suggestions about how to source the right accountant/broker or recommendations? Is local knowledge or investment specialism more important? Any other comments or advice about getting started also welcome. Thanks folks.
  14. Hi all, So, I've heard a lot about off market properties and that you can get some great deals....I have also heard about dealing with estate agents and getting properties from them. I have viewed some properties, mainly for experience of understanding what estate agents want to know etc and how properties actually marry up to what is on the site and this was useful, however, these properties were overpriced from what I could see.. so here are my questions: 1. Is buying property off-market better than from an estate agent (I want to do BTL but also want to find deals for others to raise finance to begin investing)? If so, how does this work and where do you find these properties? 2. How do you confirm the value of the property? Do you pay for a surveyor to look at the property once you have viewed it or are you meant to take someone along with you when you go to view it? 3. What is the best way to work out the cost of doing up the property if it needs a bit of work (not a full renovation but just to make it more livable and presentable)? When running the numbers this is something that you need to add but do you get someone just to look at the property first before you have even worked out if it is a good deal? Is there a quicker way to do this as, if you do this with every property, it could be quite time consuming? 4. Once you have found a deal, maybe if it isn't right for you, how do you package this for another person? What are the steps that you take? For example, I have the deal and I tell them the numbers, then they decide if they want the deal and we get a contract that I would get a certain amount if the deal completes, once the contract is signed I give them the full details so they can go and view the property etc...Or is it a different way around? Do you just give the full details upfront? I want to make sure that I am protected as the one selling the deal but also that the person taking the deal has enough information beforehand to be informed if it really is the right deal for them. Sorry if these are slightly silly questions! I'm clearly a newbie! Thank you for all of your help, I look forward to reading your responses!
  15. Welll hello there Hubbers, I am based in West Dorset and I have a plan!! More of that after my introduction. I am a Social Worker currently but keen to move into property to eventually step away from the desk job. I am 36 and recently separated from my wife. I own a spinger spaniel and love a muddy walk which is good because Dorset can get muddy. I also love an open fire and bottle of ale/cider to relax (just the two) Now onto my plan - I have a target market and have identified, both through personal experience and professional experience, that there is a need for a certain type of property. Now this will involve accepting Housing Benefit. I would be interested to discuss this further with others who use Housing Benefit within their strategy and would also appreciate it if someone could point me in the direction of resources (books/courses/blogs/youtube videos/audio books/training) which could give me the ins and outs of this section of the housing market? Anyway, I am a friendly chap and happy to talk but also listen to others. I may not have a lot of experience but what I lack in that area, I make up with motivation and positivity. Feel free to say hi :-)
  16. Hello everyone, I'm at the start of my property journey and I'm looking at generating an income from an HMO. I have around 25-30k to invest and need advice on how to finance the rest. I'm based in Norwich, Norfolk and through research these types of property range from 150-200kish. Any help would be greatly appreciated.
  17. Hi all, Happy Friday - hope you are all doing well! I wanted to get some advice on a potential strategy I have to get into property development once and for all! I currently own my own home with a mortgage and have built up savings & access to approx. £50K. I currently work full-time but looking to reduce this to part-time or work as a consultant to enable me time to commit to flipping properties. I have been thinking of going down the flip route for 2 reasons, 1 - building up further capital, 2 - providing an income to top-up my part-time wage. I have been speaking to the family accountant and he has recommended the strategy of buying a house to renovate but make this my residential property (live in it) for the time it takes me to get it ready for sale. Then sell that property, buy the next and repeat. He has said that I should only really look at flipping 1 property per tax year to avoid capital gains. Hopefully if this works, he has said that I should setup a company to minimise tax and increase profit for future purchases. A few questions 1. Does this sound like a sound idea? 2. From what i've researched, unless I set-up a company straight away I would be in for the 3% stamp duty as I already own a house 3. I'm still not 100% on how you would 'top-up'/pay myself from the proceeds of each sale either from within a company or not 4. What other ideas does anyone have given my current situation? As always really appreciate and love your replies and ideas! Mike
  18. Hi fellow Hubbers My partner and I are looking at investing in Birmingham and surrounds and was wondering if anyone can help on the better areas to invest in? We have only thus far invested in Sheffield and do not know the Midlands very well. We are looking to do a flip potentially, minor works though as it would be our first, or just a simple buy to let if it presents itself. Probably in the £60K - £90K region cash wise. Also happy to invest in towns where the 'ripple effect' has not yet taken hold! I am open to areas in and around Birmingham up to 1 hour away, we stay in London and would want to come up on weekends. Thanks in advance and any advice would be greatly appreciated. Best regards, Alex
  19. Hi Everyone, My name is Monica, I came across a free Workshop from Rich Dad, Poor Dad, where they talked about real estate investing and since then I've been really interested in this idea. I started to research on this topic, bought some books, listened to podcasts and videos, but there is still so much to learn ... I understand the concept of a property as a liability vs asset but i have this dilemma : I am a first time buyer, should buy to let be the best first step? I live with my partner and we are renting at the moment, we are both first time buyers so should we not take advantage of the benefits, for instance, not having stamp duty, etc... I also heard that mortgages for buy to let are limited to a first time buyer. So i do not know what to do first. It may be a personal choice, and i am sure there isn't a right or wrong answer, but i would appreciate to hear some ideas/ opinions from people experienced in the field. Thank you. Monica
  20. Hi my name is Paul and I am 26 living in Sheffield. My interest in property started after reading 'Money for nothing and my property for free' about 4 years ago. Since then I have been working on securing a decent reliable income so that I can lend money to buy (previously survived on money made from poker which the banks obviously don't like). It's been a long slow process but I am now a qualified mental health nurse eager to get started. I was recommended the property hub about 5 months ago (weirdly whilst playing poker lol) and have been listening to the podcasts regularly ever since. I am aware that the book that sparked my interest is probably dated but the buy and hold strategy is still the way I want to go. I am basically on this to get advice from knowledgeable people (rather than the usual people who have bought a house and suddenly now experts - or a financial adviser who isn't financially secure himself ) and stay update with the latest strategies people are using. I am not interested in selling or flipping properties any properties that need work doing to them will be done by the professionals. I am currently in the process of buying my first house which is where my first question has come from: Should I go for a 90% mortgage or a 95% mortgage? (Money is not a problem purely strategy) 25 years? or 35 years?. This will be my base for 2-3 years. All advice given to me at this point is.... 'if you can afford go with 90 percent and 25 years' because you pay less in the long run. However my instinct is telling me that because I will never be selling the property (and never paying off the mortgage) and i intend to rent it out within 2-4 years I should be putting down as little as possible to maintain cash flow and reducing the time for me to be able to buy another. Or because this one will be mine to live in would it be better to put a bigger deposit down just for this one? Thanks, Paul
  21. Hi, I'm 27 years of age and live in Hull, I acquired my 1st BTL 2 months ago at 75% LTV with a 25 year repayment mortgage fixed for 2 years. Bit of a pension plan for the future and had saved enough to take the plunge so went for it, maybe went in a bit blind compared to most but I learn on the job. House finally in a good condition decorated throughout with elec and gas certs now present. Looking at self managing as its local to me and feel I would learn quickly about the ins and outs of the property game. Plus been an electrician by trade I'm quiet handy if I do say so myself. Looking for a tennant and have some one interested now, just need to sort finer details such as tenancy agreement and itinerary and where to hold the bond so that is how I stumbled across the property hub and ended up here writing this. Going to do my homework on this site and hopefully find the answers and maybe help others looking to take the plunge with my limited experience but that will grow over the course of this investment I have taken on. Cheers.
  22. Newbie here. Hoping to purchase our first buy to let shortly. We’re doing lots of swatting up on Rob and Rob wisdom but just wondered if other fellow hubsters self manage or use an agent to manage their properties? The property we’re hoping to purchase is only 20 mins away and we’re on a very tight budget. As a first timer, are we better off with an agent? Many thanks xx
  23. Hello everyone, I am new to the forum, and new to the exciting world of ‘property’ but quite an avid listener of Rob n Rob podcasts, which really got me interested in this very interesting new field. I work full time, but am also a landlord and have a property on BTL. My immediate goal is to understand everything ‘property’ and in medium term go on to 2 more BTL’s by end of 2019. I am not 100% sure if this is achievable, but am looking for 10 properties by 2025. Would be quite interesting to know experiences of like minded and any pointers are most welcome and are appreciated. Cherio !! and looking forward for an exciting and rewarding journey ahead.
  24. Hello I have decided to start a new chapter in my life and leave the day job behind by focusing on BTL investments in the North servicing the student market. I am looking for 10% gross return and ideally 20% on capital. I have spent the past month researching and have just started looking at target properties in the past week and have put my first two offer in. I am aiming to buy 6 properties in the next 18 months and I am looking to connect with fellow investors to share experience good and bad as I develop my portfolio. I will eventually set up a company but right now I am taking advantage of the flexibility that buying individually with my wife will give me. Having spent some time travelling around student cities in the North of England …..I may even be tempted myself to move out of the big smoke here in London and enjoy the space and friendliness I have experienced so far during my field trips Look forward to sharing more soon
  25. Hi everyone, Thought I'd introduce myself, Antony from London here. Currently own two properties which have both been renovated and rented out quite successfully. Owned one for six years and the other for the last 2.5. Ive got a few questions if anyone out there has any thoughts etc then please feel free to chip in as I'd love to learn from those more experienced/successful at this. So, current estimated value of properties is around about £1,100,000. Looking to sell them to free up cash as new stress tests are killing opportunity to remortgage. Once sold I shall be left with around 300k cash after all expenses and underlying debts paid. Ive identified a new area of focus for developments which I believe will make significant gains over the next 3-5 years with a view to buying to sell once renovation complete with a fallback of rental should suitable offers not arrive. Is it better to do this on an individual basis or incorporate a limited company and go from there? I want to write a business plan etc for the company should I go down this route and want to set realistic targets etc so is it worth seeking out professional advice in relation to this and company formation? How easy will financing be through the company mechanism? I've also read about the six month mortgage rule - will this affect prospective buyers if I have a mortgage? Currently all finances has come via banks but would be open to other routes if anyone can recommend ways to source etc or point in the right direction. Thanks so much in advance.
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