Search the Community
Showing results for tags 'growth'.
Found 5 results
Hello Welsh friends, Whilst looking at some very expensive terraces in Reading a few weeks ago, the estate agent finally confessed to me that he wouldn't actually buy these himself but instead he was investing in south wales - HMO's mainly. I then had a second property proffessional mention south wales as one to watch. Im looking at properties in Swansea and the surrounding towns - does anyone have any thoughts on this area as an area to invest in? Many thanks Lisa
Leeds - My First Investment location
Lewis Bailey posted a topic in Newbie Advice & SupportHi Everyone, I have made the decision to travel up to Leeds next weekend to carry out some viewings on property up to about £110,000. Only have 1 day and i want to make the most of the trip to get a feel and understanding of what and where is good new for a B2L and i don't want to waste any time doing it. can anyone advise me on some particular B2L hotspots in Leeds that i should make sure i go and see? I am split between going for a 1 or 2 bed apartment or a 2 bed terraced house that needs some TLC. any advise would be really welcome.
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
Target Growth - What About Cashflow?
Jody B posted a topic in Strategy Specific AdviceHi I am currently looking for my second property and am looking to spend up to £110K. I'd like to buy and hold for up to 20 years, possibly release any extra capital along the way, and eventually sell off when I retire. I've heard the 2 Robs talk about targeting growth on the podcast, and they don't seem too concerned about generating any serious income. But how little is too little? I've been looking at flats in the Salford area, and when all expenses have been accounted for I'll receive <£100 per month. When I stress test at 5.5% I'll be making a loss of £5. Any void periods may mean I make nothing for a year and some of these properties have issues with doubling ground rent. What is the general approach with this strategy, do I just need to suck it up and let growth blow all this out of the water? Is the above example pretty typical, or do I need better numbers? Thanks Jody
Newcastle / Gateshead market growth?
Jordan Hamilton posted a topic in North EastHi all, When people ask why I buy flats in Gateshead it's easy to point out the extremely high yields but i've also been aware of the poor capital growth. I've always hoped that investment in Newcastle would eventually cause the affluence to spill over the Tyne into Gateshead and start to push the prices up there (maybe over the next 10 years or so). Has anyone got any opinions on the likelihood of this happening? I'm conscious that I might be investing in an area where the market value remains stagnant as it has done for the last at least 5 years! All views appreciated, Jordan