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Found 39 results

  1. My first post on here.... I'm looking for High Yield BTL's 8%+ I live in Leicester, which has low Yields, even in the cheaper area's of the city (Narborough Road etc) Nottingham has been my next step after listening to the Podcasts but I cannot seem to find any High Yield Property Has anyone got any suggestions? I would like to self-manage, but I am open to having my property managed if the numbers stack up. Also I am open to buying property in other locations but would like them within 1-2 hours of Leicester Appreciate your feedback PS. I do have experience over the years of managing property... upto 30 properties at a time including HMO's before a licence was needed
  2. Hello all, It has been a long time since I’ve posted on here but at last I am in a position to buy a rental property, Birmingham and surrounding areas being my location target as this fits a bit better with my budget of £25,000 as I live down in the southwest housing pricing being too high for me I think Birmingham is a good place to start my research as it has good transport links and plenty of university and hospitals I can look into. When it comes to research I generally want to know everything before I buying a certain product, in this case, a house, so I am hoping this will be a good "topic" for information on Birmingham as I will be posting everything on here. The reason behind the in-depth research is that as explained be for I live in the southwest and have not been to Birmingham other than a gig at the NEC so my knowledge on the property market there is pretty much zero. If anyone has any information on where to start looking would be a great help. What and how am I going to research? To kick off my onslaught of research I will be pulling everything I can off the web and extracting data to get an idea which areas to avoid and what housing is going up in value. Such things like crime statistics and Rightmove brought and sold should help me out with this. Would like to find out what funding is being used in different areas as well. Next up will talking with estate agents, if anyone has done this before and know if they are respective to talking about the market then please let me know. I will be asking on what they look for in a rental, what areas do well plus everything in between. Closer to the time will be house viewing and such like, to get the feel of the general areas I want to invest in. this will be very specific research but will still be posting my findings. I think if I complete all this research it will give me the confidence to invest. If you think I’m missing anything important then let me know. Thanks for reading, will
  3. Hi All, Sorry for the long post. I'm totally new to this and was hoping to gain advice from you all, so any wisdom imparted would be sincerely appreciated. I'm interested in beginning my property investment journey after gaining much confidence from the contents on this wonderful site. I'm from Birmingham but live and work in London. Initially, I was looking for a high yielding B2L property in somewhere like Sheffield or Nottingham, to potentially net between £500 - £1,000 per month cashflow to generate some passive income. As a newbie, I want a hands off approach, interested in modern properties that are immediately ready to rent out; but have recently learned my cousin works on upgrading properties so thats a bonus for some flexibility in regards to potential house flipping. My strategy has now potentially changed as my Mom (currently living in a 3 bed council house in Bham) needs to be rehoused, due to her current area and neighbours being far from the best to say the very least! So in saying this, I now intend to purchase a mortgage for a place for her to stay in Bham (2-3 bed house or 2 bed apartment in city centre) that will see good capital growth in the long run as the plan is for her to live there for the next 10, 20, 30 years plus. So this would be a long term investment. I have around 30K to invest at the moment, and ideally would like for the monthly repayments to be low because she'll be living there alone (would H2B be pertinent here?). I don't intent to make profit off Mom or for her to have to share, but at the same time, I don't want to have to go into my own pocket to top up what she cannot afford as I am already renting in London. I did a mortgage in principle with my bank the other day and they said I could borrow in the region of 280K. My credit is pants at the moment so I'm using the next 9-12 months to increase my chances of getting a 5% mortgage next year although I would really want to buy something in 2019. So I suppose my questions are: Is what I'm pondering ambitious or outside the realm of success with the 30K capital and poor credit rating I have? Outside of transport links, being close to city centre, good schools, shops/supermarkets/parks/having a drive and garden etc, what other key criteria do successful property investors look for, that bring confidence that capital growth is very likely to come down the line? After looking at Rightmove and speaking to local estate agents and viewing properties that fit your criteria for example - what are the differentiators or main drivers that prompt an investor to push the green button and buy? Should I maintain my original plan, and find a 1-2 bed B2L property in a high yielding/high growth area like, Leeds, Liverpool, Nottingham, Manchester, Sheffield and essentially keep saving while banking the £500 - £1,000 per month cashflow - because in a couple of years I'd soon generate another 30K to get her the property in Brum - and in that time I would have gained some equity/growth in the B2L property. I do plan to build a property portfolio so when you have a strategy for acquiring multiple properties; for tax reasons, is it better to purchase them under a limited company rather than as an individual? When people say, test your numbers thoroughly, what exactly does this mean? How can you test that your strategy for a B2L monthly cashflow goal is truly feasible? Would the H2B scheme benefit me in for my circumstances? Many thanks
  4. Hi Hubbers, im new to the PH but looking for a reliable Local Handyman/Painter/Decorator in the Birmingham area who would be available to view prospective properties and quote for works required if necessary. This is due to myself being an investor at a distance, currently based in Manchester, it is not always possible for me to get down and view in time, hence this advert. I am more than willing to meet up in person; with the idea of building a longer-term business relationship, and obviously any completed viewings will be paid for. Please contact me on here and we can go from there. Kind regards, Owen
  5. 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
  6. Hello, I am planning to buy to let in Birmingham, hence I am looking for a good/trustworthy surveyor that will be able to (1) perform a solid structural survey, (2) give a fair valuation based also on local knowledge and (3) deliver the report in a timely fashion. A internet research returns only 2 potential candidates: - Marwood surveyors - Allcott Birmingham branch Has anyone had experience with any of them? Alternatively can you recommend a surveyor you were particularly happy with (here or private message) thanks in advance for any piece of advice!
  7. Hello all I hope you are all well. I have a dilemma and not a bad one I guess. I have a three bed flat in South London which I rent out. It makes a decent yield but not as good as my properties in Birmingham. My dilemma is, do I keep my south London flat and wait for the next boom or continue to rent out. Or sell now and buy two properties in Birmingham which will more than double my income compared to the south London one. The thing is, the London property will always rent well and have good captial growth but I feel Birimingham is also. Any advice on this would be fantastic and greatly appreciated. Many thanks in advance. Lee
  8. Good afternoon My limited company is in the process of investing in the Birmingham area. We are currently looking for sourcing agents, surveyors, solicitors, project manager and council office that are trustworthy and on the ground to keep the work going. If anyone can forward recommendations, it's highly appreciated. Thank you very much for your help
  9. Hello,I've made an offer for a property selling through this local Birmingham agency (Loveyourpostcode). Have you had any experience as a buyer/seller with this company? I’ve heard good things about Bobby Singh and Love Your Postcode. He seems very sociable and has a lot of funny posts on LinkedIn.
  10. 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
  11. Hi All, I am looking to start investing in buy to let properties in either Liverpool, Manchester or Birmingham. I will be looking for single lets, 2 bed/bath, city centre or close to and generating high rental yields. I have done some research into postcodes to target but wanted to get feedback from seasoned investors, professionals and locals. Few questions: 1. What is your view on my chosen cities and are there specific postcodes that stand out? 2. Could anyone recommend good estate agents that also manage the letting side as well as sales? Best, Reena.
  12. Hi may name is Dal, I'm from Birmingham and am looking to begin my property investment/developer journey. I have no experience but have some skills in DIY. Im not sure which strategy to go with, interested in flips but also like the idea of buy renovate and hold. I guess I'm looking more to invest in my area, is that good or bad? In the next 5 years I'm going to have minimum 10 property portfolio but be financially free in the next 12 months. thanks for reading all. onwards and upwards Dal
  13. Hi, I am coming close to completion on an 1 bed off plan property ive purchased in Birmingham City Center. I have a slight dilemma whereby the Property management/estate agent who also happened to be selling furniture packs for a lot of the units is advising i purchase the furniture pack. See below for Details: "City Pack" = £1,995 + VAT "Style Pack" = £2,150 + VAT "Urban Pack" = £2,250 +VAT He mentions that apartments in the city center usually go for 150-200gbp more per month after being furnished. This would essentially mean after 1 year it would pay its self off. Now i don't buy into this and would like to know if anyone has information to back this statement up, or as i suspect hes just trying to hard sell and realistically you might get 20-30/month more after bring furnished? (On a side note i think furnishing apartments isnt really worth the hassle as constant phone calls for broken goods etc and when the tenants move in with their own furniture/white goods they tend to stay longer and respect the property a lot more) Thanks again Hubbers Eamon
  14. Does anyone have any recommendations for surveyors in Birmingham please?
  15. Hi all, Slightly different question to usual. I live and invest in Nottingham however I’ve recently changed jobs and looking to relocate into Birmingham. I’ll be moving by myself so looking to live within the city centre in a 1/2 bedroom flat. I have little knowledge of the area so any advice on good/bad areas would be much appreciated. I’ve been looking at places within the Jewellery Quarter as I understand it’s currently going through a lot of generation and has access to the Tram network. I’m also quite interested in the development around Sunset Park, B15 2BG https://goo.gl/maps/J6vHfCMtApE2. Ideally any developments you’re aware of with some character; exposed brick, factory conversions, etc. If anyone would be able to give me some insight that would be fantastic. I’m undecided as yet if to buy or rent, however purchase price would be around 200k mark. Many thanks, E
  16. Hello lovely people! This forum has been such a useful find! I've learnt so much scouring through all the posts and I'm so glad to have found the podcast! My partner and I are intending to visit the North and hope that you guys can recommend any sourcing agents/estate agents in the Northern areas such as Glasgow, Hull, Manchester, Leeds, Sheffield, Liverpool, Birmingham & Crewe as we will be investing remotely. Please feel free to comment or email me at sh.propportunity@gmail.com for a chat! Thank you so much! Cheers SH
  17. Hi all Planning to invest in a BTL in Birmingham soon. Please can you share your recommendation(s) for letting/property management agency(s) in Birmingham? Preferably a local business/boutique/family run agency, working with BTLs. If you recommend a chain, the name of a particular agent would be appreciated (if you would rather message privately, please let me know). Any recommendations on ones to avoid welcomed too. Thanks and good day Richard
  18. Hi I am interested in buying at auction with an joint venture , i have 30,000 to invest, i would like to work with a experience buy at auction refurb and refinance , i will invest the money just looking for experience and knowledge partner Kind regards Brighton
  19. Hi , My name is Brighton , im currently looking for a property accountant in the Birmingham area or an nationwide accountant , do you have any recommendations?? Thank you in advance
  20. Hello there I am thinking of purchasing my first BTL property in Birmingham and would appreciate some input. I wanted to buy in the city centre (B16) because I expect house prices to rise in the long term due to the various regeneration projects . My focus is on capital growth, although I know I should not count on it. At the same time I know I should not settle with an ROI that is too low as I need some margin to avoid a negative ROI. Having crunched the numbers on my chosen property, I realised to my surprise that the the ROI is very low - 3.81% if I buy it personally (1.34% after tax!) and 1.37% if I use a limited company. Here are the figures, on the basis of a personal loan: Achievable price £185,000 (Asking price is £195,000) Income Monthly rent £875 Annual rent £10,500 One-off Cost 30% deposit at max price £55,500 Solicitors fees & disbursements £1,972 Stamp duty £6,750 Broker fees £495 Mortgage fee £995 Survey £600 Travels £100 Refurbishment £8,000 Total £74,412 Recurring Cost Service Charge £1,646 Ground Rent £150 Letting Agent Fees £1,050 Repairs £438 Interest (assume 2.71% p.a.) £3,509 Void £875 Total £7,668 Yield Gross yield 5.68% Net yield 1.53% ROI before tax 3.81% ROI after tax 1.34% What are your thoughts about the numbers? Do you think it would be sensible at all to proceed with this deal? Or is investing in the city centre a bad idea to start with? This is a typical property in the area with a typical price and typical rent. So if this one does not work out, I wonder how any other investments in the city centre could. I look forward to your replies! Thank you.
  21. Hi Guys So I am looking to purchase a BTL property in Birmingham. This will be my first property. It is a 3 bed end of terrace about 30 mins from the city centre. I viewed a property this week which is all ready to go in terms of renting. It has been painted, new carpets fitted, no chain etc. The property is marketed for 155K. A property on the same street has sold for the same amount. I am thinking of offering 140K, putting down 35%. 49,000 - deposit 1,000 - legals 600 - Stamp Duty 300 - mortgage fees etc 50,900 - total investment I have obtained figures in terms of rent from 3 letting agents and I should be able to get 750pm or 775pm at the very most. Income based on 750pm 9,000 rent 1,000 management 2.,700 mort interest @ 3% 1,500 repairs adhoc expenses 3,800 - net income (ignoring tax) 3,800/50,900 = 7.4% yield Does this sound like a good deal? Thanks :-)
  22. Hi All Just thought I would introduce myself. My name is Deeps and recently signed up to the site. Wanting to get into property investment for a number of years but now have taken the steps to do so. Attended a "course" taster recently which opened my eyes to the investing world, but thankfully after reading posts on here and other sites did not really opt for the package which would make me a millionaire in the matter of months. Saying that it was interesting to see the different kind of avenues to take into property investments... Have not panned out a strategy yet but thinking of FLIPs before I look into HMOs or BTL.
  23. Hi All, I'm a driven marketing executive with over 10 years experience in the construction sector and I am based in Sutton Coldfield, Birmingham. I have extensive knowledge of digital & direct marketing, event planning and marketing research. I am CIM level 4 qualified and I have a passion for anything property, finance and marketing. I have a stable job but I would like to work for a property investment company or a company that buys, sells or develops properties. I am planning to buy my first investment property in the next few months and I am a huge fan of Rob and Rob so I have listened to all the podcasts, read all their books and completed all the courses on the property hub. I love learning about property and I would love to get some hands on experience by working for a property investor, even if it's helping for free on weekends. If you think I can work for you or any of your property investor contacts please let me know! Thanks for reading! Best Regards Petya
  24. Hi does anyone invest in stechford Birmingham ? If you do , how would you describe the area and its investment potential ? thanks in advance
  25. Hi Guys, I'm looking to invest in Birmingham and ideally looking at buying terraced houses in Great Barr, Edgbaston or Solihull areas and would be looking for any property sourcers that deal in these areas or anyone that could recommend a property sourcers. I'm looking to buy one property every quarter of the next five years. Would also consider a JV in or around the Birmingham area with me providing the capital. Regards, Usman