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  1. Greetings, My first post (well done me). Basically, I'm beginning to explore new possibilities in property development, but not BTL - I have 3 that’s enough thanks - along the lines of converting a house into flats or possibly a new build, but realistically, perhaps something a less ambitious like an loft conversion or extension (value add) to begin with. I’m here specifically, looking for… Clarity about what is viable in terms of a managed project, i.e, can I buy a property/land and contract a project manager and still see a return that makes it all worthwhi
  2. Hi all, Listened to the podcasts/ Rob D's audio books for over a year to prepare for investing. What triggered this was being faced with the decision to keep or sell a property that was my main home, once I bought a new place with my partner. With reading all about Section 24... I decided to sell, set up a limited company and get started! It started as educating myself to make sure I was making the right decision, but has developed in to something much more... where I have a 10 year plan to build enough passive income to replace my current income. I am curre
  3. Hi all, my partners and I are going in to the "flipping" and want to set up a limited company to do this, but I can't find if an SPV limited company is suitable for investors who want to flip/renovate properties to resell, rather than just buy to let. Do you have any ideas please gang? Many thanks in advance.
  4. Hi, I'm Charlie from Bury in North Manchester. I'm a complete novice in the property game. Working very busily through life and realise pensions just won't cover my retirement plans. Have been talking about going into property for several years particularly following a redundancy back in 2015 however I found myself back in a full time demanding role. Looking to initially flip to raise some capital and also build a rental portfolio for the longer term. Areas of interest are local - so North Manchester towns including Bury, Ramsbottom, Tottington, Heywood, Norden,
  5. 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
  6. Hi all, So myself and 2 other friends (All aged 23) are looking to put our funds together to buy a 3 bedroom property (£180k-£210k) next year, that is in need of interior renovation/modernisation - A relatively easy flip in terms of work to the house. Once flipped, we ideally would like to rent this property out and use a letting agent, possibly with full property management, and split the profit . However, my questions are all mortgage related queries: - How easy is it to swap from a residential Mortgage onto a BTL? Bearing in mind 2 of us are in the RAF so receive several exc
  7. Hello All, I have been working my butt off for the last two years on flips in the South. I work a 9-5 and have carried out nearly all the work myself, so i have learnt A LOT. Luckily the flips have been really successful and I am now in the fortunate position where i am able to withdraw some of the profits from those flips to invest in BTL properties. The next step is completely new to me. I want to keep my 9-5 (for the time being) and find BTL properties up North with decent yields but i am more focused on long term growth. Two questions; should i be looking at areas
  8. Hi PropertyHubbers, I'm new here and wanted to say hi. A short summary of my situation: I'm currently living abroad and own a property on the outskirts of London. Thinking of moving back to London in the summer and weighing up possible strategies that would enable me to work part-time and focus on property investment/trading the rest of the time. There seems to be a lot of knowledgable members on here and I would be keen to listen to any advice that might help. Initially, I was thinking about focusing my time on flipping property and then reinvesting profit into BTLs (I appreci
  9. Hello everyone!! I am 25 and have recently quit my job to flip property full time. My fiance has a well paying job so is happy to support us in the mean time. We have a family investor who has offered us £200,000, though this doesn't go a long way as we are in the South East. My biggest problem is confidence. I have found what i believe is a very promising property but am struggling to find the guts to do it. Any advice on confidence (or anything flip related) would be amazing!! Thank you
  10. Hi folks, I am new to the Forum although have had a keen obsession in all things property related for many years now! I've finally decided to do something about it & am in the early stages of research - listening to the podcasts & reading up on all things relevant. I live in Edinburgh & my initial plan was to refurbish properties & sell on - flipping - the new term I have recently learnt! I had planned to start off in Edinburgh as I know it extremely well, buying at around £150,000, refurbish & then sell on & repeat. I had planned to try &
  11. Hi all Im a surveyor by profession but totally unfamiliar when it comes to tax. I’m looking at the viability of buying and flipping properties as that is where I feel my best expertise lies. I know my wage, I know the capital I can put in but there’s so many taxes I’m wondering if there’s any spreadsheets out there that will churn out some basic numbers. Any advise will be greatly appreciated!
  12. Hi, New to property investing and very interested in flipping a property to fund an HMO (and build from there). I recently left my job, and have enough savings to keep myself afloat for a fair few months before a new source of income is required. It's during this time I'd be keen to refurb something and sell. I don't own any property, nor have I ever, but was wondering if I would be eligible for "bridging" finance, including refurb costs? I always assumed bridging involved selling an existing property during the bridge-loan term, securing the loan with your current property as w
  13. Hey guys, I'm looking to do my first flip up in Leeds on a property between the £80k - £100k mark. I have approx £25k cash for deposit, fees and renovation but I'm just a bit unsure which route to go down re: financing. I want to try and get this flip down as quick as possible (within 2/3 months) so I'm not sure if this will affect how I finance the flip. Bearing the above in mind is there a clear route to go (mortgage or bridging loan)? Would really appreciate any advice anyone experienced can give on this! I know lenders don't like loaning to people flipping, but I've read yo
  14. Good Afternoon all, I am looking at buying at auction renovating and selling on to build up my pot of money so I can start my portfolio and eventually mean I can stop working. Whilst doing this I will only be working part time and will aim to get each property completed in approximately 4 months, has anyone come across any issue when selling a property in this speed as I know quite a few mortgage companies won't agree to a mortgage for the buyer if it has been previously sold within 6 months Thanks in advance Sam and Kirsti
  15. Hi there History I have got hold my hands up and say I have introduced myself before on here and then been caught up in a Tornado of life/renovation and moving house and haven't been back on the forum, so apologies first of all for not replying last time to anyone who messaged. I really would like to get involved on the forum as I know how much help and information is on here. I am on my third own home renovation and also just completed my third flip/buy to sell property. Last time I was on here I was living in a different area (Oldham) but have now moved closer to family where
  16. Hello Everyone, I'm new to property and am in the process of trying to take in as much information as possible before taking the plunge and buying my first property. I've been stacking some deals, trying to include all the costs and not miss anything, with the intention of flipping. However one thing i have come across is some confusion over the selling costs. Question: Should I allow for the selling solicitor and estate agent fees in my initial capital needed to invest? Or can i use the money made from the sale of the property to pay the solicitor and estate agent.
  17. Hey Fellow Investors Enthusiasts, I find myself in a scenario where I have 2 options both with their own pros & cons. I would be intrigued if you could provide me with your opinion on the matter; the 2 options are as follows. Option 1 Should we extend our townhouse house for ourselves 3 people & convert the other part of the house into a 3-bed ensuite 1st-floor apartment to rent out. Pros; add value, impressive yield, Cons; couldn’t sell the house Or option 2 Buy a 3 bed for £50.000 to rent out, at this moment in time we don’t
  18. Evening everyone, I'm Adam, I have always been floating around in the back ground reading forums, listening to podcasts but never wrote into the forum myself. (first time for everything I suppose). I see a lot of helpful people and answers all over the forums, I'm hoping now I have the courage to write a comment myself that this will give me the kick I need to just go for it. Right so hear goes. I have a annual salary of around £30k and I currently have one property which I am deciding to rent out after a light referb, due to moving in with my girlfriend in her pro
  19. Hello there I am having difficulty in deciding what the best plan is to flip and would be grateful to get people's opinions on it. My objective To flip residential properties to build a capital-base rapidly. Background I am able to devote a large % of my time to building this portfolio and have access to cheap finance (up to £750k) and plan to do this through a company. I am geographically agnostic, although having spent the last 10 years in London I know it pretty well, especially south-west London. I am new to the property developme
  20. Hi. If we buy a property to flip with cash, can we sell it on quickly or do we have to wait 6 months? Thank you.
  21. Hi there, I wonder if anyone had an opinion on using ones CGT allowance when flipping a property. My accountant has said I should avoid using this allowance when buying a property with the intention to sell it (flip it) once refurbished as the profit made from the sale are income and not a Captial Gain. Does anyone have any experience with this? If treated as income tax, I am going to move the property into a Ltd Company (it is mortgage free) and take the Corp Tax hit. That way building up some history in the Ltd Co which commercial lenders like to see. Apologies if this topic
  22. Hey Fellow Investors Enthusiasts, I Need to start a Business! Either Flipping at the begging or HM0 cash Flow model. If I start either scenario I have got a Goal Firstly What I hope to do then,I have got a questions to ask, I would be delighted if you Guys could Help out. So Option 1 Is it viable when I say, With £90000-100000 in the begging could I start by buying £40000-£60000 Pound Houses in the Northwest Flipping for at least 10-20% Do this 5 times, Then with the original sum plus the additional funds from Flipping Get into the Cash Flow Model & ac
  23. 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
  24. Hi Everyone, I wanted to say hello to the online property community and introduce myself to the network. I am a recent graduate working in the west midlands area. I have a very keen interest in property and have been reading, listening and watching property related education over the last 12 months. I wish to begin my property portfolio by starting with a flip to increase my capital to help me expand my portfolio. I am looking for advice and to build contacts to help me acheive this project. I am particularly looking for any reputable and trusted sourc
  25. Hi, My girlfriend and I (Kirsti and Sam) have been to a sales seminar about making money from property and with a bit of research have decided not to go on their training course/sales pitch. We have however decided that we want to get into property investment for our future and to become financially free (hopefully), we have together done up a house already and have some equity in it and we enjoy the renovation side of things. Looking into some strategies we think starting off with a flip or 2 to build up our cash is the way we would like to go before getting our portfo
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