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  1. I am embarking on my property portfolio and personally think a flat is a more conservative option than a house. Don't want to start with anything complex like flip, HMS and etc. Just a simple vanilla let. So I have come across these two options: 1- A flat in a premium location (next to train station or town centres) targeting young professionals or a mature or PhD student. 2- A flat on a more suburb or smaller town targeting retired people. Obviously the first one offers better yield but less stable tenants. And the second one probably gives a longer term tenant with probably di
  2. So I currently own my own home where I have been living for 4.5 years which I was lucky enough to buy myself (saved by living with parents). My long term partner (not married) has just agreed to buy a new home for us to move into which will be an upgrade for us both and this will be in her name (until married). I now have the fortunate option of what to do with my property (Paid 178k now worth approx 210k - 2 bedroom on South coast). My first thoughts is to rent out my property but given my circumstances obviously the property is not within a limited company and I am just on the edge
  3. Hello I'm James, If you are like me you'll have binged The Property Hub, bought yourself as many books to read on the subject, and spent hours researching investment strategies and properties because you live life wildly and that's how you get your kicks. I'm 26 and new to property investment, it'd be great to chat to anyone in a similar place, and build a network of like minded people. I may be able to offer some guidance on where to look for good research on local economic fundamentals. About me, I studied economics at university, and have worked in economic development roles
  4. I'm looking at the forms SA800 - Partnership Tax Return SA801 - Partnership property return The 2 partners are running their business as a general partnership. They buy a propery in their own names and include it in the partnership tax returns. The properties are either cash bought or mortgage and deposit. Do the properties, mortages, cash, deposit get accounted for in the balance sheet and capital accounts?
  5. Dear Property Forum, I have a property, un-mortgaged, no chain and used to be our primary house. However, we've now rented it for 2 years to good tenants who have asked whether they can extend for a further 2 years. The yield on the property is 4.5% on a value of £700k. Is there a market for selling tenanted properties of this value, and if there is how do I access it? Or, do I keep the property tenanted and incur capital gains in the future upon selling? My preference as it stands is to sell the property without capital gains. Any help and advice would be most
  6. Hi all, Just looking for a bit of advice regarding BTL investments. I am trying to calculate the amount of money i would leave in the deal until such time that I can refinance and try to pull some of my money back out. I am hoping to buy 3 or 4 properties soon but I feel that I would stuck after that as all my cash will then be tied up. Firstly.. Is it realistic to expect to pull all or most of your initial investment out of the deal? I am struggling to see how this could be achieved even with the properties that need refurbishment. I have found that the refinance only covers the ori
  7. Hi all. I currently have 2 BTL both tenanted and doing OK. I've recently been extremely lucky to get a windfall of 129k I was working freelance but I've stopped that ATM to focus on a property strategy. I have two in mind I live up North so my goal is to initially replace an income 1600/2k will be enough for me then in 5/8 years assess any equity for refinance etc. The two strategies I'm thinking is 1) buy cash 80k ish refurb, refinance and pull as much as possible 2) buy 3 off the peg ready to rent and get the cash coming in. I know the pros to recycling
  8. Hello, Im currently on shared ownership and own 25% share of my property. Ive saved up some money and im keen to start my buy to let journey. My question is, am i allowed to own a buy to let property while im still on shared ownership? Do i have to ask the housing association permission for this? Many thanks
  9. Hi, I am a BTL investor looking to purchase some 2/3 bed houses in Leeds. I'm currently living down in London and am well aware with the important of knowing the particular area of where i am purchasing. To this end, im looking for a local managing agent to work with who is knowledgeable and reasonable, does anyone have any experiences or recommendations? Thanks
  10. Hi - I'm trying to work out the gross and net yield on a property that I'm refinancing to fun other BTLs. What I want to know is should I divide the annual income/annual profit by the price I payed for the property originally, or by the most current valuation of the property? The property was purchased 10 years ago and has seen a decent increase in value so the two possible figures differ a fair bit. Thanks in advance!
  11. Hi everyone, I've been listening to Rob & Rob from the beginning of lockdown, nearly worked my way through all the podcasts :) I have been interested in property for many years but haven't purchased anything yet. I want to make the most of the stamp duty break and take the leap before march '21 My circumstances: I am a first time buyer so is my Fiance. We are planning on moving in together in 12-18 months. We would like to individually buy two properties now and live in them until we get married and then potentially move into one property and rent the other out. I was hoping to
  12. Hi All, Would appreciate some advice on a BLT im currently about to proceed with. I know there will be differing views on this however im just looking to see what you all think of the below: (Note as its situated above a pub ,lending has been incredibly hard to get and Covid has de risked all banks by the looks of it) Glasgow, 2 bed flat, City center. Value = £150k Purchaser Price = £128k @ 75% LTV Renovation costs £9k End value = £175k Mortgage = 3 Year fix @ 4.64% = £360ish/ month mortgage STA Rent £850/month, Air B&B £1600>£2600 conservat
  13. Hi everyone, My name's Ben, and I'm a website designer based in Bournemouth, looking to make my first strides into property. So far I've been along to Property Hub Meetups, and absorbed lots of books, podcasts, videos, you name it! But I want to go up a gear and increase tangible action, which is part of the reason I'm here. I've been advised to start off simple, and so am looking initially at buying small flats for single let. However, I'm really interested in serviced accommodation as a longer-term strategy. Great to be here, and feel free to a
  14. Hi All, I'm back with another dilemma. In 2018 myself and wife had the Right To Buy (RTB) our flat from our local authority which we progressed with this. We opted for a 2 year residential mortgage. Shortly after completion we had found out we was expecting a child and we had to plan to purchase a larger property as our flat was not going to be big enough for our family. We asked our mortgage lender and local authority for permission to let which they did grant our request. We purchased a house and rented our flat. 2 years on our mortgage deal is coming to an end and we
  15. Guest

    Offer Letter

    Hello Hubbers, Exciting times, finally done the research got a property shortlist (always expanding though), booked the viewings and expect to start making offers next week. Does anyone have any advice on the actual offer process? My line of thought is make it official and submit a letter rather than only verbal or a simple email. I have written up a template but some further tips/advice would be much appreciated. Stay safe Regards Chris
  16. Hi all im looking at buying my first investment property in Liverpool. I’m unsure about my strategy- whether to buy a flat off plan in the city centre or just go for. 3 bed already built house a bit further out? im looking for long term growth but a yield that will cover my costs with a bit of a profit. it seems that there are some financial benefit to buy off plan but given the covid situation I’m worried about completion dates/ if at all/ and it seems there are so many extra costs here and there that I feel it’s quite complicated...( ground rent, service charge, fur
  17. Hi, I'm keen to know if any of you flippers out there have had to revise your strategy in the short to medium term with all the uncertainty around coronavirus? I was thinking about venturing into flipping in July/August and felt I had a strategy that would allow me to reinvest profits over time into BTLs. I'm now not sure it's a good idea and wonder if it's better to research and focus on a different approach. Keen to know your thoughts and plans. Best wishes, Kris
  18. Hi guys, Just want to check my understanding as I move towards a transaction. I currently own 2 BTLs but live in rented accommodation as my main residence. We're looking at buying a new place which will be our primary residence. Am I correct that under the new stamp duty rules that I won't have to pay stamp duty under 500k? My understanding is that the 3% won't apply as this will be my primary residence. One other thing that might complicate is that the property includes an annex and a 1 bed cottage that we'll be using for holiday lets. || Thank you!
  19. Has anyone experience with selling a btl flat with a tenant in place? best wishes Oz
  20. Wow! So many buyers from Hong Kong buy property in Manchester. I have been deal sourcing / investing in Manchester for years and I have never seen so much interest from Hong Kong. Nick - Smarter Property smarterproperty.net Are other people seeing a lot of new interest in Manchester?
  21. Hello Property Hub! Firstly I have to say I’m blown away with all of the content and knowledge sharing on here. I stumbled across Property Hub a couple of a weeks ago and my world and plans have completely changed. With that said I’m new to property and I’m looking to build a network in order to start investing over the next 6 months. I’m currently based on the south coast, channel island and London and I plan to invest up north. Liverpool - Manchester - Sheffield etc. but I’m very much an open book and not set on any particular location. My initial thoughts are BTL but aga
  22. Hello, I am a new investor and understand you can take £3k out of your limited company into your personal name / year tax free as a dividend. I have three questions relating to this. 1. really I would like to continue building money within the company to invest in further buy to let properties. Therefore is it possible to take the £3k from rent/ year and immediately re invest the money as back into the company so that you could take a tax free lump sum in the future as this would in effect be your company returning the money you lent it? Ie. The same as you can remove your initi
  23. Hi there I am very grateful for this platform. Thank you! I am going to be moving up to Liverpool for a few weeks to source and buy a BTL property. I am looking at L6 and L7. My aim is rental yields, not so much CG. I really want to network there but it's not that easy. For £150k with 25/30% deposit I am wondering if I go for a better built 3 bedroom house (easy to manage) or a simpler 4 bedroom place (higher yield +more risk). The aim, if all goes well, is to return before end of the Stamp Duty Holiday and purchase another property (Possibly an HMO) for bigger yields.
  24. Hi Property Hub members Having recently joined Property Hub I wanted to take this opportunity to introduce myself. I live and work in London and have had a keen interest in property and property investments for several years now. So far much of my attention was on purchasing and refurbishing my own home in London. Now that this is done, I would like to take the next step and invest some of my savings and recurring job income into BTL property. In terms of strategy, I am looking for BTL investments with a yield above 5%. That rules out most of Southern England. So I am planning to inv
  25. Hi all, I am looking to remortgage a BTL to release some equity, the BTL is currently let to an company on government AASC contracts to house asylum seekers (previous known as COMPASS contract). The company dealt with all the day to day issues, maintaining the property and paying the rent. The lease usually lasts 5-10 years. Is it possible to get a mortgage, if so, what are their typical terms please - LTV/Interest rate etc.? Many thanks!
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