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Found 24 results

  1. Hi Everyone, My name is Joe and I am new to the PropertyHub forum. After spending some time scrolling through the site I haven't had much joy in finding any information on my topic for whatever reason. I am in a position where I am looking to start flipping property and what really attracts me is converting 2/3 bed bungalows into 4/5 beds, by the means of extensions/dormers etc. Really I am looking for advice on what the costs of these projects might be. I am aware that it will completely vary property to property. However even just rough estimates would be
  2. We have a property on a BTL. It's currently empty but recently renovated and so we're going to sell it. We're prepared to wait for the right price. Of course, it will sell easier without tenants, especially as we think it'll be a family not an investor purchase. It may also take a while to complete once we get an offer. Question, if we accept an offer from someone, could they rent the property from us until completion? Not sure how this works with the requisite notice etc. I'm aware I also need to think about the difficulties in selling it to someone else should the purchase f
  3. 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
  4. Hello! My partner Julia and I are based in Edinburgh, both work full time (although I'm currently furloughed!) and want to start building a new future for ourselves and have landed on property as the route we want to go. As a rough idea of our plans we want to start by flipping properties to build up some capital and then look to build a bit of a portfolio. To achieve this I'm looking to quit my job and attempt to do most of the work on the properties (barring any complex electrical/plumbing/structural work). I've not done that much before but i'm pretty handy and a quick learner whi
  5. Hi I am from Reading and currently going through the Goliath Sourcing Academy training. I have learned alot about property over the last month. I am in the process of putting together my goals formally. My end goal is to build a buy to let portfolio with the aim of earning atleast 7,000pcm after tax. My chosen strategy is BRRR or BR and flip. However I do not have enough capital to source. So my strategy will be to Co source deals with a deal sourcer, use that money to start my own deal sourcing business, use the money from the business to implement my strategy. Therefore if anyone if an
  6. 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
  7. Hi guys, looking for deals on the market as usual. Im finding if really difficult to find BMV propertys that are actually worth it at the moment. Where can i find any property’s that are actually a good deal?? Any help is very appreciated. Thank You
  8. Im new to property investing and wants to do flips. i have looked at a hypothetical scenario where i purchase at a price of £145k and resale at £200k. Having looked at the capital gains tax i need to pay on the HMRC website, i can use solicitor fees, stamp duty and estate agency fees against the sale price but am not allowed claim the refurbishment costs as they are repairs not improvements. HMRC have calculated the tax at circa £9k at 28% tax rate. I have calculated a developers profit of £20k so half of my profit would be taken in tax. am i calculating this correctly or is my hypothetical sc
  9. Hi all, really looking forward to getting stuck into this forum, been listening to the podcast for a few months now and am excited about being a part of this great community. Bit of background; My family business is property, my grandad built lots of blocks of flats in the 50’s/60’s and kept a few in a portfolio as a legacy. Because of this Ive always been interested in property. I fell in to working in finance after finishing school and worked for 20 years in various sectors. (If you’re having any trouble getting your bills paid on time I may have some tips for you ) I bought
  10. Hello everyone, My current strategy is to flip a few properties to raise enough capital to then invest in BTL's, and then eventually HMO's. I have decided to flip properties in Manchester, with my target market being 1st time buyers. However when it comes down to locating specific places to invest in flips, I come to a complete brain freeze- I'm a bit overwhelmed when it comes to picking more specific locations! I only moved to Manchester a year ago so many of the different areas are still knew to me. I've started going through local forums and finding where people are recommending ar
  11. I'm new to investing in property . I have around 32-40 k cash. I was wondering which cities or area should I look if I want to flip and get around 10-15 k in return ? I'm of course open to bridge . Thanks for the help
  12. Having dipped my toe into the BTL market for the first time last year, I’ve recently decided to attempt my first flip. Me and my business partner are planning to pool some money together and buy somewhere, renovate, and hopefully sell for a profit. If it goes well we’ll go again, if the gains are modest it may just go towards another BTL... My question (or questions) are - Which renovations will add the most value? And perhaps more importantly - are we crazy for attempting this as when all is said and done it may line up with us looking to sell the property towards the end of the year when we
  13. Hi, I am a qualified Surveyor with over 20 years of experience and after setting up my own Chartered Surveying practice i have decided to embark upon a new journey into property investment. My main objective is to build a investment portfolio that will support me in later life, and which i can pass on to my children when my time is up. Giving them the freedom to choose how they live their lives. My plan is to do this by starting off with BRR & flips, as i currently have limited funds but 20 year of construction knowledge, with the intention of reinvesting the profits in ord
  14. Hi, I've been renting properties for a few years, and ticking over. Now, I have given up my job and am focusing full time on producing an income from property. Most likely I'm looking at flips, I think I have enough cash to support this, but I'm open to other strategies. I need help in structuring my large-scale goals and putting in reasonable timescales to achieve those goals. After that I'd probably want to join a mastermind group to keep my goals on track, and to help with contacts for all the things I'll need to do cheers, David.
  15. We have set up our Limited Company this month, it will do flips (to expand the investment pot) and later on it will start to buying-refurbishing-managing HMOs. We are in need of an accountant and would prefer one that also invest in property. Does anyone know one preferably based in London?
  16. 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
  17. Hey! As the title suggests I am looking for recommendations of resources of informations in regards to flipping and renovating houses. Anything from books, podcasts and websites would be greatly appreciated. Thanks, Martin
  18. Greetings all! I thought I’d just drop a few lines here as to my current situation, strategy and goals to see how it stacks up on this forum. Basically I will be getting into property full time from May 2019 and will be around this forum regularly for advice, encouragement and comradeship! OK, so I’ve had a nice little flat in South London since the early 90’s which has done very well value wise over the years. But now the lease is about to drop to under 90 years so I’ve decided to sell it on. Obviously there’s also the option of extending the lease, however I want to increase my c
  19. 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
  20. Hi everyone, My name is Luz, Im originally from Mexico and I live in Hong Kong. My husband and I are starting our property investment adventure in UK and very happy to have found this forum, full of kindred spirits. Truly hoping to learn more and appreciative of any advice and help during our journey. Hope we can make new friends and hopefully business partners along the way. Luz
  21. Hello, I am interested in investing in someone who has a track record of flipping, I have around £30,000 to invest and would like to not just give the money but help out. My goal is to grow my investment over time while learning how to become a competent property flipper myself. The area I'd like to invest in would preferably be in the North but anywhere in the UK for the first 1 or 2 would be fine. How would you go about this? Are there any resources you can share? Thanks!
  22. 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 vi
  23. Hi everyone, Just a friendly hello from watford. Like many others, I have spent a long time educating myself on property and am about to start my property journey. I would be very interested to hear from other investors (especially in the Watford and Hertfordshire area) to see what other people are up to (maybe see some of you at the St Albans property meet). Hopefully speak to some of you soon! Aaron
  24. Hi, my name is Clive Griffin. My wife and I have a couple of BTL properties, I've had one for 10 years, but we started getting serious last year. We're also about to commence our first build project. I have just read Rob Dix's book: Property Investment for Beginners [Recommended - concise reading]. I liked the bit about 'Adding floor-space to increase a property's value. It reflects what we're doing with our planned build project. But, it is taking quite a long time to execute the strategy.... It took us 6 month to sort finances, +6 months to get planning permission, and a further 5 month
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