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Hi all I have a question which has really been bugging me as everyone seem's to talk about investing in different areas of the country because (quite rightly) they are hotspots and suit peoples strategies a lot better than where they live. I have just completed my first refurb and refinance and I am keeping it to rent out as the capital appreciation potential is high and it gives me a nice amount of cashflow along with a healthy sum to pull out in the refinance. I am now looking at other areas around the country (mainly the hotspots around Manchester and Liverpool due to great infrastructures, decent yields and capital growth potential.) I am wanting to know the potential risks of investing a long way from where I live, how you find a suitable agent to manage the property for you and any other things I should consider. There are properties within an hour of my own property which would give me a decent yield but no capital growth potential and the purchase prices are a lot higher than the places up North where I am looking. I am reluctant to just commit time to heading up there (as I live in Norwich) and viewing lots of properties over a weekend when I don't feel fully confident on what the risks are and what it is I should be doing as the areas are completely new to me I am quite happy to take a calculated risk but a punt on something just because all the figures look good isn't something I want to do Thank you in advance Euan
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 you can work round this. I'm new to this and don't want to make any big mistakes! Thanks so much guys!
Hi, my name is Gys ... I am a Mr not a Mrs. My name is often mispronounced as "Jizz". So to save everyone's blushes, just call me Casey! My property journey started 1 year ago when my wife and I signed up for Tigrents advanced training. My wife was 6 months pregnant at the time so our education took a back seat until now. We have now restarted the training this year. I am a property virgin but hoping my first deal will be one of the "most memorable experiences" of my life. I somehow feel it will not be too dissimilar to my teenage years - lots of fumbling, bundles of nerves and over far too quickly! Currently working on getting a deposit pot together, which currently sits at just over £30,000. I live in Crystal Palace but have pretty much been priced out of investing in London, so currently looking a properties in Kent (Canterbury, Maidstone, etc). I am analytical and can spend hours reviewing area's ... Street by street and you would be amazed how prices vary from streets just 1/2 mile a part. Analytics however means nothing IF YOU DONT BUY A HOUSE! So that is the goal for this year ... Buy 1 Property then I can confidently call myself a Property Investor! Wish me luck ... I am going to need it! Cheers