Search the Community
Showing results for tags 'first timers'.
I'm preparing to buy my first property next year, and am getting my strategy together, and want to keep really good records from the start. I'm confused about when I will start making money. Let's say I need 30k to cover the deposit, legal etc costs, renovations, insurance, all of the costs, and then after paying the mortgage I make £100 per month. In my mind I don't make a profit for 300 (plus extra yearly expenses) months, because my initial outlay was so much, but I technically would have an income of £100 more than my wage. Is it a yearly thing, like i'd make a loss in the first year and t
Hi everyone i'm turning 18 in a few months and looking to get on to the property ladder (based in Nottingham, so looking to invest here). I'll be looking to get a residential mortgage and rent out one of the rooms on spareroom to help pay the mortgage, and hopefully will be able to benefit from capital gains that i will be able to pull out in a few years once i'm 21, which i can use towards a BTL mortgage. Would appreciate anyones thoughts on this and if its even possible (I will be earning £18k a year when im 18), as well as any recommendations for a mortgage broker that could help me o
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 mode
Hi everyone, This is my 1st time on a forum, ever! My husband and I are wanting to get into the BTL game. A rough history - we have one BTL mortgaged property (my first flat I purchased as a youngster) are self employed and rent a property ourselves. We have a very small pot of money but the will and drive to do this! Where do we start? I look forward to your comments. Jacqui