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  1. Hi I've found a property which needs a bit of a refurb but whilst looking at the floorplan I noticed the front bedroom is 18' by 11' which seems rather big. I'm thinking I could split this into two. I'd then have a 3 bed end terrace which should be worth a bit more. Does that sound like a sensible thing to do? Are there any issues I should be aware of if I do this? Thanks Jon
  2. Hi I am in the process of buying a house that needs some work. I will get electrics and boiler fitted by qualified tradesmen but most of the other stuff I will do myself - new kitchen/bathroom/decorating (nothing structural). An insurer is quoting for the place to be empty for 3 months whilst being refurbed. However, they have said that I need to take out a £1M public liability policy as I will be doing some of the work myself - they also don't offer this and say I need to get it from another insurer. To me this work is no more than any competent DIYer would be doing but I don't k
  3. Hi I am looking to buy a property, need advice on which area of Birmingham i should consider and is there anyone who can help source a property. This would be my first foray in to this kind of venture. thanks Satnam
  4. Hi everyone, I'm about to buy my first flip and have been busy getting quotes from the trades. Using a contractor is out of my price range so I'm going to have to employ the individual trades separately but I'm completely new to the refurbing process and don't really know what order everything needs to be done in. The house needs a complete refurb (it needs central heating putting in, a partial rewire, new bathroom, new kitchen, plastering etc.). Does anybody have a project plan type thing that they would be willing to share with me please or just any advice regarding t
  5. Hi All, I know very little about the physical aspects of property and wouldn't know where to start with a renovation or refurb... I'm wondering if there are any book or resource recommendations that would give me the basics? Not looking for the depth that would allow me to carry out the work - but just to have a better idea of what was going on! Many thanks
  6. Hi Everyone Long time reader but first time poster looking for advice about a potential career change. Bit of background on me... currently working as a project manager for a consumer goods company and have 3 years project management experience in a business setting. In property terms I project managed my parent’s new build home and so far one project of my own; the extension and renovation of my current property which I’m in the process of flipping. Fallen out of love with the 9-5 and want to take my property ambitions full time. Until I can build up the ca
  7. I'm in need of a bathroom fitter for my house south of Leicester. I know there are mybuilder.com type websites, but I've used them before and had mixed results. I'm just after someone solid who won't mess me about and do a good job. Thanks!
  8. Hi All. I am from Nottingham. Managed to raise 60k with my friend. We both want to start our property journey buying 1st house doing it up and sell. Ideally want to repeat flips couple times to increase our capital and buy 2 - 3 BTL to start saving towards our future. Now question. Is there any short term loan company you recommend from Nottingham? By short term I mean 4-8 months till we refurb and sell...... Any help, ideas, thoughts from Nottingham people more than welcome.... Apart of the auctions, where else to find out prospective propert
  9. Hi everyone, I've been a bit quiet on the forum recently as I thought buying a property was a long way off and I've been focusing on work. However, the other night I came across a property while browsing RM, which needs a hell of a lot of work, but seems like it could be the perfect one for me and my partner to get ourselves onto the property ladder (albeit a bit sooner than we'd expected), to make a nice home for ourselves and to gain some equity. I've attached the current plans and what I'd one day, perhaps next year with a bit more saving like to do to it below. In
  10. I'm just getting into this property thing, having been an accidental landlord in London. We sold the house last year to release equity for various reasons and are looking at re-investing some in the Notts area. I am currently looking at a 2/3 bed townhouse in an area that I have long considered to be a growth area. It is currently going through a regeneration program (that links in with others such as 'the gateway to the City') and has seen investment from private p. development companies buying up plots of land for eco housing etc. The schools are improving, its located near the r
  11. I'm looking for "all in one" firms who can source properties and implement and manage the refurb or conversion work for HMO's 2 to 8 Bed. Looking for recommendations from the group for firms who operate in the North West of England...
  12. Hi everyone, My name is Rob and it would be great if you can offer some advice on my proposed joint venture. I have attached an investor pack that summarises the joint venture and at this point just provides a brief overview. What would be great is if you can critique the proposed offer using your experiences? e.g. does it sound interesting? plausible? Any advice would be greatly appreciated. Many thanks, Rob McCarthy
  13. Hi all A friend and I are planning to go into the property business together, something we have discussed for several years. He has been involved in the building trade for over a decade with a small sole trader business that he runs, which has given him extensive knowledge of most of the jobs that would need done refurbishing a house. My expertise is more on the business side, I'm very process driven, and I have a strong financial background and some capital to invest to get things going, so we have a good complimentary skill set. We plan to sit down and flesh our our 5
  14. Hi Everyone I've spent the last 6 months renovating a very tired 2 bed terrace. You can see some before and after photos here on instagram. (click the smaller arrows within the photo to see 5 more images) Its currently on the market for £105k with me happy to accept £100k. Some rounded sums for you to see the position I am in: Bought for £48.5k All, fees, refurb, materials etc: £33k Total: £81.5k The market in North Wales seems very flat, or perhaps its my specific area, or perhaps I am asking to much. Maybe a combination. I am no longer
  15. Hello I’ve been offered a retirement flat at a really good price, it needs a new kitchen and bathroom. I can get the work done easily. Has anyone got experience with a retirement flat? Do you need to be a certain age to buy them? Thanks Howard
  16. Hi - i'm new to the property game. I'm looking for properties (flats initially) to refurb and sell on... i think it's called flipping !?! Can't afford anything close to London unless I'm extremely lucky Looking at areas like the NW, Nottinghamshire and the Midlands.. I'm a cash buyer with a fair budget to make a modest start hopefully with a decent profit. I have a really good builder but he's based in London where I am so to keep costs down I will have to find reputable builders in the areas that I buy in... Basically any advice and info will be gratefully received
  17. Hi folks, just about to replace all the insulation in the loft of my BTL following a burst-pipe flood (need to update my progress journal). The joists are 100mm depth and the 270mm insulation depth recommendation is well publicised. But... To achieve 270 I'd need to lay 100mm between joists and then cross-lay 170mm. This involves buying two types of insulation and having the associated leftover for both thicknesses (although the stuff is fairly flexible, so that's not such a concern). However, in doing some research I came across this table that suggests there's no incremental gain
  18. Hi guys, I'm based in London and will be undertaking a refurb project up North (Leeds) very soon. I'm looking for all your advice/methods/tips etc- for effectively managing a refurb project remotely (keeping tradesmen on track, quality control, etc). Aware that it'll be a challenge, but any advice from seasoned individuals would be greatly appreciated!
  19. Hi all, Although we are new to property investment we are looking at a number of projects in the Colchester area. The type of projects we are looking at include refurbs, commercial to residential developments and new build residential. However to offer some level of comfort we would like to build a team of trusted builders / tradesman that we can turn to. We would appreciate it if anyone could recommend any local trusted builders / tradesman in Colchester / Braintree / Ipswich areas. Thanks in advance. David Walker
  20. Hi All, We are looking to buy our first property using our Ltd Co. that we have set up. We have found a property in need of refurb and we are looking to buy using bridging finance (we do have the cash to buy out right but prefer to use bridging), refurb and refinance later. We have gone to our usual solicitor who has worked for us on a few land and property deals before that have always been straight forward mortgages buying in our own names. However for the first time as a limited company their quote seems to have increased quite a bit (£1,500 +VAT + disbursements fo
  21. Hi all, In listening to the Ask podcast this week something Rob Dix said - very surprisingly - rang alarm bells for me so I just wanted to share in case my concerns are correct. Rob D recommended when project managing refurb’s yourself, if you have confidence etc, don’t use a lead contractor to save yourself some money. I was once told by someone highly experienced in doing refurb’s that one of the biggest hassles with being your own PM and managing all the sub-contractors was the CIS: https://www.gov.uk/what-is-the-construction-industry-scheme Where yo
  22. Dear Hubbers, For the refurbishment of our latest property purchase in Stockport, we are looking forTradesmen in the area. Does anyone know any reliable tradesmen with an eye for detail and reasonable fees in the Stockport area? We would really appreciate your help! Cheers, Elise
  23. Hi Property People, So I am thinking of starting to flip properties in the Birmingham, Nottingham, Leicester and surrounding areas. The reason is that I am living in north London and don't want to be traveling too long. I would like to ask if people know of good 'flip friendly' builders/decorators/electricians who I can get in touch with or would be able to come and view some properties in any of these areas. I would also like to know if people think that flips are a particularly dangerous/risky strategy? Any help would be amazing!
  24. Hi all, Looking for advice from people with experience in making BMV offers for flipping as this will be the purpose of my first project. What I'm really trying to determine here is a realistic conservative value for the below property example. Until I come to a clue I can't begin coming up with an offer price and sourcing potential finance options. Any opinions or just general advice to make the determining value process easier will all be welcome and greatly appreciated. About the property: Located in the town I grew up, on a street within two minute walk
  25. How many electrical sockets do you put into an HMO bedroom if you are doing a full rewire of the property? I'm planning to put a fridge in each room with a worktop above it. So I'm thinking a single socket behind the fridge plus a double with USB sockets above the worktop. Then a USB double socket either side of the bed and a double (without USB) in the remaining room corner. So that's a total of 5 outlets per room. Is that overkill and will it make any difference to tenant acquisition and retention?
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