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Showing results for tags 'invest'.
Found 19 results
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Hi there, I am a Civil Engineer working and living in Edinburgh where I have lived my whole life. I graduated and have been working for a couple of years now whilst saving some money. I have now reached a point where I could buy a property to live in although the preferable areas are quite expensive especially for a first time buyer in Edinburgh. I have looked at other methods of investing but property is a sensible long term plan, seeing as I am only 25. The aim would be to have a property that could be let out whilst I rent somewhere else and save to reinvest. This may also be beneficial as I might move abroad for a year or so in the future. As you can tell I have no experience in property but would like to invest somewhere nearby (to begin with at least). I have been making my way through the pod casts although still have a few more to go but so far they have helped me to gain a better understanding of what is involved and whether or not I should pursue it. As some of my questions get answered others arise but hopefully these will be answered in coming episodes. My current barrier is ‘building a team’ as this is a little daunting with no experience. I have more questions regarding mortgages (85-90% LTV - £140K loan) and options in terms of living in a property and being able to convert that to a BTL (max 75% LTV - £100K loan) but can post any questions in the forum section. My plans for the future... Well as is said in one of the podcasts, dream big so that’s what I’m doing especially as I still have time on my hands. In the short term I hope to start in the coming months otherwise I feel as though I am wasting time doing nothing. If anyone has any words of wisdom or encouragement or general pointers and tips then that would be great. Cheers Mikey -
Hi all, I have just started out on my first business venture with a friend of 7 years, we have currently set up a limited company which will house our property portfolio and are in the middle of purchasing our first 2 properties one in Sheffield and the other in Doncaster. Our short term goals at the moment are to be able to focus on this as a full time career and leave our current jobs. We both have a fair bit of experience in construction so hoping this should help us on our way. Any tips would be appreciated and anyone investing in these areas please feel free to get in contact.
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Hi, I'm currently in the process of setting up up my rent2rent business, specifically HMO management. I have recently come across a few deals in manchester. All are 6 bedroom 3 story properties. After doing the dudilligance, I calculated that they all generate a cash flow of atleast £3000 and a profit of no less than £600. Unfortunately I do not have significant funds to pay for the set up costs. As a result am looking for a joint venture partner. Please get in touch if you are interested
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Hi, I have seen so many interesting ground rent investments on action, but what are your obligations as the freeholder of the ground? Are you responsible for the insurance and maintenance of the full property? So if the roof or brickework had issues you need to fix/pay for it? All the best. Folkert
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Hello I'm Ash and I am currently serving in the Royal Air Force. I also have a geeky hobby of building websites and managing my own which I am hoping as time goes on will become my full time job and investing in property. Since a young age I was told investing in property is the way to go. Pensions are getting smaller, we are working longer and harder for our money. This may be a boring introduction as I have no properties to my name, however I am here to soak up as much information as possible so I am fully prepared for when the time comes. Pleased to be here. Love Robs books. Read 2/3 so far. Will have them all read soon no doubt!
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Hi all, I am contemplating my first buy-to-let investment and I am wondering if I should be targeting a city flat to or a bigger 3 to 4 bedroom family home with garden. I am thinking about investing in Birmingham or one of the other midlands or northern investment areas recommended by Property Hub. Which property type would you chose and why? Thank you. Barry. -
Hi, I’m just starting out on property investment and I’m struggling to put money down for a deposit. I have seen an ad for buying a serviced-accommodation property for £15,000 In central London which would provide high renting yield BUT with a leasehold that ends in 5 years time. This opportunity seems to good to be true and I was wondering what could be the catch/trick? Have you already invested in serviced-accommodation? Any advice? Please find below some details: This specialised serviced accommodation offers high rental yield income with a projected £117,572 in net profit over over the full term and this leasehold purchase has 5 years remaining! Figures based on an estimated annual average occupancy of 85% pcm and annual projected average daily rate of £250. Projected rental income: £6,463 Projected management cost (12%): £776 Rent to landlord (the purchaser is responsible to pay rent on a monthly basis): £2,800 Projected bills: £928 Potential average net monthly income: £1,959 Potential average net income over 5 year term: £117,000 Many thanks for your help, Anne-Claire
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Happy Easter All, I was curious what ROI percentage and net yield do you look from from a buy-to-let? Thank you in advance. Joe
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Hi guys I have just leaped into my first investment with a standard BTL property in Salford, Manchester. Was wondering if anyone on here has any knowledge of the area and any thoughts on the deal. I managed to get the deal slightly below market value. I have attached the right move link below. Any feedback is welcome. http://www.rightmove.co.uk/s6p/61096188 Cheers Mason
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Hi everyone, I’m Rob and I’m based in Glasgow. I’m new to property and my interest was sparked last year when I bought my own house. I found a love for negotiation that I didn’t realise I had and managed to save myself 15 k below home report which I thought was good. I found it exciting so looked into property more. I'm just married so most of my capital was spent on my wedding so now slowly building back up so I can invest myself. Meantime, I am looking at boosting my capital by helping other people and source deals. I’m interested to hear what people’s investment criteria tends to be? I’ve looked mostly at finding 15-20k below home report with potential returns of 10% annual cash flow. Have found a few and Scotland seems to still have good deals available but want to gauge a consensus for what people tend to look for so I then know what to go and find. Do most people want similar things? Thanks guys! Rob
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Hi, My name is Steve and I've been an active subscriber of all things property hub for the past few years. I have always been interested in property and earlier this year decided to take the plunge full time to focus on my passion - leaving behind a decent career in construction. I live in Leeds but my focus and business activities are in Hull, East Yorkshire and I'm interested in discussing the market with anyone with an interest in the area. I'd love to speak to new investors who are interested in making the jump themselves, experienced investors with interesting challenges as well as anyone in between who just shares a passion for all things property. I am currently in the process of building my business so always happy to share my experiences and learn from others! Looking forward to hearing from anyone who wants to chat about Yorks, the Humber, and Hull. Speak soon Steve
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I’m looking for some advice specifically from Property Lawyers/Experts/Investors to understand how I can structure/package potential deals.Could anyone with correct skillset drop me a messageThanks -
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Hi all, I am a complete newbie and would be grateful for as many people's thoughts and suggestions as possible. I have £250k to invest and would like to take advantage of leverage and get Buy to Let mortgages. However, I am struggling to do so as I do not meet many of the lenders' criteria (I'm not a homeowner, I earn under £25k base and I'm under 25). I'm considering buying somewhere for cash renting it out immediately. This would take my salary over £25k, and I would then be able to apply for a Buy to Let mortgage on another property. Alternatively, I could buy a property for cash and refinance and get a Buy to Let mortgage on the same property. Would I be able to get a Buy to Let Mortgage this way? Would these strategies be advisable and would they enable me to get a Buy to Let mortgage? And if there are other ways of making myself eligible for Buy to Let lenders, please let me know. Thanks Adam Carling -
Have never read about this but what's your view on using household/contents insurance payout to 'add value' by refurbishing then selling on ? Been interested in purchasing a property near the Thames that will be a home / not an 'investment'. In 2004 the area was flooded, and asking the agent showing the property how much of the property was flooded his response was just the hall...... 6 weeks on after getting a mortgage offer accepted, instructing solicitors etc I find out from another agent ( he wasn't interested in marketing the property ) that several rooms were flooded and their insurance premium after the flooding was over £4200 / annum . The current agent marketing the house wasn't aware of the extent of the flooding until I questioned it. The sellers then told the agent that several rooms were affected, the refurb, which the insurance mostly paid for totalled £100,000 and their insurance premium was £4200. I'm pissed off as I didn't know anything of this and was only told by another agent. It also goes against my principals to get as much out of the insurance company for a complete refurb to a cost of £100,000 which includes new high spec kitchen, 2 x high spec bathrooms, solid oak flooring, instead of carpet etc etc. So what are your views ?
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Hi Folks, 20k isn't a lot I know, Me and my partner have been saving for a long time, we'll have more in a few years. What would you do with this money if it's all you had? How can I build my capital in the quickest way? Thanks Guys! Brian.
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Ciao a tutti! I am an Italian landlord living in London and I love this forum! Been listening to R&R's podcasts and they are truly inspiring. I have been living in the UK for many years working for a very cool company I own some properties in Italy and although I enjoy being a landlord by name but not by fact, I really miss being close to my investments and dealing with the tenants myself. So, whats the solution?? Well, I will start investing here in England! That is really a no-brainer guys, the market here is awesome and the opportunities to make it big are endless! I have so much passion for property investment that as soon as I re-discovered podcasts on my iphone the first thing is searched was..'PROPERTY'!! And that's where I found the Property Podcast which really pushed me to take action! Its all about taking that first step, finding the courage to invest, and starting a new business adventure. And you know what is great about having an Italian landlord?? I will bring my tenants wine, pasta, and pizza! Thats because I love my business and more importantly, I care about my customers! cheers everyone
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To me, it seems clear that unless one disposes of substantial amounts of cash, London is becoming more and more distant as a viable financial investment for many of us. ROI's and yield values are not great compared to other places in the UK, prices are increasing by the second, and making good deals seems impossible (competitions is fierce!!). But hey, you can argue that London will always have a high demand..a very strong point if every month you have to pay your lender! The amount of people wanting to live in the UK is increasing and London is like a flame to a moth for most of them. On top of that, with the law of supply and demand, if we are not building enough then whats available is of course going to be more expensive to buy! Can we see a solution to this problem? My answer, as Im sure Rob&Rob would agree, is to start investing in commuter towns. Although one could argue that this could be a temporary solution to the problems we are facing now with high demand around London, could commuter towns maintain a good value in the years to come? Imagine if foreign investors got heavily taxed for buying property in the UK, would commuter towns still be as interesting as they are now? For example, I am currently looking at Woking (Surrey). I know this area pretty well as I commute from London every day for my job (I know, I like to be different!) and with only 30min by train from Waterloo, it is a very nice place to invest in my opinion. But Im taking my time and looking around at all the commuter towns that provide interesting yield numbers. Would be great to have views from other investors who are facing the same dilemma as I am. In the meantime take a look at this link I have found. Many more around I guess, but I find this pretty useful. http://www.commuterguide.co.uk/ cheers @cesto23
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Hi and thanks for welcoming me into your group ;-) I'm property to the core having sold over 10,000 houses as an agent before concentrating on property auctions, development and investment. I currently own a multi service property business including 'Auction House Scotland' the 'Glasgow Property Agency' and we have a specialist broker for mortgage products for investors. I'm happy to help people in any of these areas so feel free to message me ;-) As a trader I'm interested in deals for my property funds...... I've bought 250 properties in the last 18 months and we're looking for more. Strategically Scotland has been my patch but I'm now looking looking south for stock. Happy to buy single units or portfolios at the right price. I'll try and help people where possible so please get in touch if I can do anything? Ross
