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Showing results for tags 'Sourcing'.
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Hi, has anyone worked with an individual or company who sources properties that need renovation (i.e. to flip) in any of the following areas?: - Northamptonshire - Cambridgeshire - Bedfordshire I'm struggling to find a sourcer who works with people looking to flip properties rather than BTL. Thanks in advance, Abby -
Dear everyone, Hopefully you are keeping well during the pandemic. I am looking for property sourcers in East Midland area (e.g. Derby, Nottingham, etc) and I would like to know how to assess the sourcers and the sourced deal? I have listed what I think shall be done but they might not be sufficient. Any suggestion is welcome! Private sourcer or sourcing EA shall be a member of an Ombudsman Scheme as this shows a commitment to professional standards and also gives a route of redress if something goes wrong. Talk to the sourcer to challenge the professional knowledge and experience. do some research of the property recommeded by the sourcer, .e.g rightmove, zoopla to check neighbouring properties price. Anything else we could do to check the sourced deal as well as the sourcer? Much appreciated for your input! -
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 -
Hi everyone, hope you're all well. Seeing as though the lockdown has started to ease and more viewings, surveys are starting to pick up pace I thought I'd post a few links to the former mill conversion properties that will be coming onto the market over the coming years. These apartments will help change the face of Stockport as a place to live and work, there has already been massive investment in the last couple of years with new infrastructure, leisure and living space and with lots more planned this is great place to look at for your long term investment plans https://www.google.com/amp/s/www.manchestereveningnews.co.uk/news/property/meadow-mill-development-for-sale-13779064.amp https://www.google.co.uk/amp/s/www.manchestereveningnews.co.uk/news/greater-manchester-news/historic-stockport-mill-undergo-60m-18281312.amp https://www.placenorthwest.co.uk/news/investar-reveals-65m-central-stockport-development/ I live and invest in Stockport & Tameside, if anyone needs any help in these areas I'm always happy to chat Thanks lee Lee@polarisproperty.uk www.polarisproperty.uk
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Looking for some advice on Anti Money Laundering and sourcing companies. Should proof of just investment capital be enough when investing cash (for example receivings from sale of property)? Or would sourcers require copies of all accounts and payslips for AML purposes? I appreciate your help. -
Hi all, I'd be grateful for some guidance on investing in Liverpool (120k max budget) probably through a sourcing company. My story: I have 3 properties all in the southwest, am remortgaging to release equity and hope to have about 30k to invest. As you can imagine this won't stretch very far in the areas I'm familiar with (Bristol, Wiltshire) so now looking to broaden my horizons. I studied in Liverpool in the early 2000's, loved it and hope that I'm now in a position to invest. Complications: I'm in the military and have just returned from a couple of years overseas so am a little out of touch, for various reasons I'm also unable to devote much time to searching beyond getting on right move, so will likely need a sourcing company (or a lot of advice) to pick the right property. Ideally I'd like a fire and forget, already tenanted and managed property with a good yield (wouldn't we all!), I realise that not being able to devote much time to the endeavor I'm not going to get the deal of the century, just need a reasonably good one to keep my strategy moving in the right direction and not lose momentum. Preconceptions: Having had a scan of previous topics on the forum and a good rummage through rightmove and zoopla it seems there is plenty of opportunity. I don't think I'm likely to get in on any city centre locations, but Wavertree/Dingle/Kensington look promising. I'm not keen on the idea of student accommodation and not averse to, but have no experience of, benefits tenants Would like to aim for a 2/3 bed professional or family let. Questions: Where have people invested/recommend investing? Is it worth going for 2 super cheap properties in less desirable areas? Any advice on sourcing companies? Have been recommended Property Sourcing Liverpool, but not found much online in the way of testimonials etc and a bit nervous about throwing money down the drain for a poor service. Do I even need a sourcing company, or is the Liverpool market such that I could I do a thorough online sift and view a few properties in a day? Been in touch with RMP, but unfortunately can't get to London to make it work anytime soon. Aims - Would sacrifice some yield for potential capital gain over the long (ish) term, plan to hold all properties for the long run. Really appreciate any pointers and if I can help anyone with any advice on my neck of the woods, please let me know. Thanks Adam
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Hi everyone My girlfriend and I live in switzerland and we are looking at a Recycling Cash strategy (buy below market value, refurb, refinance with a higher mortgage) to get started in property investment. Since we live in Switzerland, this will probably just be doable through a sourcing company. Therefore: Does anyone know a sourcing company that sources good deals and also manages the refurb process legitimately? I just had a quick glance at 1-2 companies who do this but their websites didn't give me the kind of trust you want to have when doing something like this from abroad. Unfortunately propertyhub themselves do not offer this kind of services... Thanks for your advice. Regards Bernhard
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Hi all, I'm looking at starting off in property by sourcing. The theory is that I'll be wanting to source my own deals anyway, so while I'm building cash reserves I'll learn how to find and negotiate deals (and it will help in building the cash reserve). My chosen area of eventual investment is about 1hr drive from where I live. So my question is: should I start sourcing in my local area, or in my chosen investment area? I didn't grow up where I currently live so I'm lucky that pre-existing area knowledge is not a factor Pros for local: - less travel time - will be able to view more properties - will make it easier to connect with investors Pros for afar: - will build local knowledge in my actual investment area - can carry over connections from sourcing into my own investments What do you think?
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Hi, I'm currently trying to find a reputable property sourcing company that source; BMV residental properites that are profitable buy to sell refurbishment investments. Any help would be greatly appreciated. Thanks Dave -
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 property our employment status has limited our lenders. I would love to hear if anyone has had a similar situation or any advice on getting started. Thanks in advance. Scott
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Hi everyone. Thanks for having me. Looking at properties I've managed to accumulate several per week that have very good potential profits attached to them. Currently my capital is tied up and I'm currently in a JV so I'm passing them on but I'd like to become compliant. Would anyone know of the process and procedure I'd have to undertake to progress to becoming a compliant sourcer? Thanks everyone
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Just wondering along with the normal zoopla and rightmove etc apps, what are the best apps people have found for property? In terms of education? sourcing? law? tenants, tradesman or even property games? Looking for some other ways to better my education from my smartphone. cheers Phil
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Hello all, I'm new to the property hub! Well, I actually joined a few months ago but have only recently started using the hub to it's full potential after reading one of Rob D's books. I'm originally from Scotland but now based in Ireland and focusing on the Dublin market, which is absolutely booming at the minute. A wee bit about me below, what I'm doing, how I can help you and how you may be able to help me: I've been in the construction and property industry for over 13 years. My key focus is on my 2 business' - sourcing and HMO's! Currently investing in Dublin but seeking to move in to the Belfast markets with a keen eye on my former homes in Glasgow and Manchester. In the future my plan is to build a property portfolio in Ireland and the UK. I can help people with sourcing good value property deals and managing refurbs in Ireland and the UK. You can help me with my search for a new financial joint venture partner to help increase the amount of HMO deals that I'm doing. Thank you for taking the time to read and thank you to the Rob's for all of the fantastic free content! Gary
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Hi everyone. I am keen to get started in my investing career. Before I begin purchasing investments for myself, I am aiming to source deals for other investors. I would like to know more about property sourcing as I am very much a beginner. A few things I would like to know include: - What information should I gather from potential investors? i.e. areas they are interested in, types of houses/flats, number of bedrooms, strategy. - What do I need to budget for? - How to avoid being cut out as the middle man when the investment opportunity has been passed on to the investor? - Should I seek professional advice regarding sourcing as an individual or as a company? - What professionals am I required to use? Thank you in advance Adam
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Hi, My name is Dan. I have recently started a ltd company and am looking for recommendations for sourcing companies, investors and bridging finance companies. For the experienced investors... - what would you do differently knowing what you know now? And That you wish you was aware of when you started your journey? Thanks in advance Dan
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Hello, I'm looking for someone/company which could help me with sourcing for my client - we are interested in commercial (office) properties in home counties. As the radius of the search is now much bigger than what I used to do, I simply have not enough time to source them myself. I'm an architect, so I literally need info on the deal, ideally with some floorplans. All the assessment is done in-house. Let me know if you know anyone great, or if you're doing anything similar! Thank you, Magda
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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...
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Dear all, I'm quite new to investing in distress properties but looking at making it my primary strategy to either flip or rent Now hesitating between using sourcing agent (time saving) and making low offers on old deals still advertised (aka 12months+) Have you guys made an offer below sourcing agent deals? or are we forced to stick to the proposed price negotiated by the sourcing agent? I'm looking at areas between Manchester and Liverpool (should that make any difference?) Thanks a lot in advance for your valuable feedback! Damien
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Hi hubbers A broker is telling me that if I buy a property via a sourcer the lender will charge higher rates and a higher arrangement fee. The additional costs seem to make sourced property un-investible. Anyone have any experience of this? Mortgage in a ltd company. Thanks
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Hi all, I'm looking to start expanding my portfolio after being an accidental landlord for the last few years, but am struggling with sourcing purchases. Have gone through through the training on thepropertyhub and propertygeek websites, which both have been really useful, but am still wondering if the properties I'm finding are good choices and what I should be paying for them. I came across Susannah Cole's website thegoodpropertycompany after listening to her interview on the propertygeek podcast (which I really enjoyed and can happily recommend btw) and have seen that she does a workshop in Bristol entitled "Sourcing Discounted Deals". I wondered if anyone has attended that and whether they would recommend it? Or if people have any other workshops, books, podcasts or even general advice on how to improve my sourcing skills I'd be grateful to hear from them. I appreciate it is probably just fear that is holding me back, but I am hoping with a bit more education and guidance I can overcome that and take those first few steps. Thanks all, Nick
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Hi All, Looking for a property sourcer in the North West i.e. Greater Manchester area but not limited exclusively to this area. I am an existing BTL landlord with 5 properties, two of which are HMO. Just started my first buy to flip project. I'm not resident in the UK for long periods so need a reliable company/individual for 'hands off' investing. More interested in the 'buy to flip' than retaining properties at this stage. Please note: I'm not interested in signing up for courses! Cheers Paul
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Hi All, I love property but am still not in a position to buy. I am really keen to do something in property especially if it can help me raise capital. Recently went on a property course and they talked about Sourcing Property as a career and a potential of earning around 3k per property on completion. Is this anyone here has done? How would I get into this line of work? Does it require being a way from home a lot of the time? Thanks, Fer'ha
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Hi All, I love property but am still not in a position to buy. I am really keen to do something in property especially if it can help me raise capital. Recently went on a property course and they talked about Sourcing Property as a career and a potential of earning around 3k per property on completion. Is this anyone here has done? How would I get into this line of work? Does it require being a way from home a lot of the time? Thanks, Fer'ha
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Hi All, My property company is currently registered with the following SIC codes: 68100 - Buying and selling of own real estate 68209 - Other letting and operating of own or leased real estate I intend to use the company also to do some property sourcing. Can anyone advise what SIC code would be appropriate for sourcing, my current thinking is that it would be 6831. Here's the description: 68.31 Real estate agencies This class includes the provision of real estate activities by real estate agencies:- intermediation in buying, selling and renting of real estate on a fee or contract basis- advisory activities and appraisal services in connection with buying, selling and renting of real estate, on a fee or contract basis- real estate escrow agents activities Any advice would be greatly appreciated. Thanks!
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Hi there hubcats, how's it going? I am doing quite a bit sourcing for various investors up in Manchester these days. I drive up from where I live in North London a couple of times per month and camp out in airbnb flat for 2 or 3 nights while I view lots of properties. The driving can be quite exhausting and it makes my job harder. If there is anyone out there who can drive and would like some free mentoring maybe we could skill swap? - Free food and accomodation - A chance to learn my sourcing process - A chance to learn whatever else I can teach you (check out my bio to s ee what I am all about). Thanks for reading, Nick
