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Found 36 results

  1. Hi Property Hub members Having recently joined Property Hub I wanted to take this opportunity to introduce myself. I live and work in London and have had a keen interest in property and property investments for several years now. So far much of my attention was on purchasing and refurbishing my own home in London. Now that this is done, I would like to take the next step and invest some of my savings and recurring job income into BTL property. In terms of strategy, I am looking for BTL investments with a yield above 5%. That rules out most of Southern England. So I am planning to invest into BTL properties in some of the larger cities in the North. For me the 2 main constraining factors are limited local knowledge and time: While I know the London property market well, that isn't the case for Liverpool, Manchester, Leeds, Sheffield, Sunderland and other places in Northern England. To bridge that gap I am planning work with local people and to establish good working relationships which are win-win for both sides. Time is my other constraint. I am working in a demanding office job in London which keeps me very busy Monday to Friday. That leaves me with around an hour each weekday to spend on property management and investments. On a typical weekend I can spend around 8 hours on it. Hence I am looking for property investments which are largely hands-off and don't require a lot of attention during regular working hours. I could travel to Northern England from time to time, especially for important things such as meeting local business partners to work with and for final viewings. But my plan is to limit the number of trips to 5-10 per year. Here's how I intend to gradually progress on this: First, I am looking to learn more by reading many of the very good postings here on the forum. I will also have a number of specific questions that I hope people in this forum will know the answers to. Then, the next step is to complete my first property investment. For this, I am looking for a project with low complexity and low execution risk to start with. I am happy to accept a lower yield for my first project if this helps to reducing complexity and risk. For example, this could be a room in a purpose-built student block or a single let which doesn't require any meaningful renovation work. In this process I am hoping to learn more and to establish contacts with business partners in the North. Finally, with the acquired knowledge, experience and established business contacts I would like take on more complex projects with the potential of higher yields (or capital appreciation) such as larger renovations or multi lets. Via this forum I hope to exchange thoughts with you and to meet potential business partners in Northern England, for example good and reliable property viewers, property sourcers, property management companies and renovation project managers, to build successful long term business relationships with them. Please don't hesitate to send me a PM if you are working in any of these areas, I'd be interested in hearing from you. Looking forward to discussing with you in this forum. Michael
  2. Hello! I've never used a property sourcing company i was wondering if someone could give me some info on how to find them, work with them and figure out what the usual fees involved are ? I am interested in sourcing property in Leeds and potentially Liverpool and Glasgow. Any help is much appreciated. Thanks!
  3. Hi I am looking to add to our portfolio. I am particularly interested in a new or fairly new build apartment as close to the city centre as £160-£170k will buy me. I know the area reasonably well. If anybody has any knowledge of anything coming up or even on the market now I would be really grateful. Regards, Andy
  4. olenakk

    Leeds HMO Advice

    Hi All, I'm looking to start my BTL portfolio and am taking a trip up to Leeds this weekend to look at potentially buying a place there. Currently I'm looking for yield and so have decided that a student/ young professional HMO may be a good option for me. I used to go to uni there so I know the Leeds university areas well (i.e. Woodhouse, Hyde Park etc.) but I don't know much about the other areas. I'm looking to find out: - Which areas are recommended? - Would you avoid houses that don't currently have a HMO license? If it doesn't currently have one is it not likely to get one? (within Article 4 area) - Do you know of any good HMO mortgage brokers? Any advice would be much appreciated! Thanks, Olena
  5. Afternoon All! Hi, I'm Ben 18 years old and looking to purchase my first single let BTL in the coming months. I've always had an interest and followed house prices in my home city of Wakefield as my father used to be a landlord in London years ago and had always thought of doing so up North. As a result, there were always property brochures around the house when I was growing up despite my father deciding not to invest in the end. We live just south of Wakefield and are looking to invest in the North and North east of this city as we know it well. There is lots of rental demand here as many professionals commute to both Leeds, Sheffield and Manchester and the area is close to both the M1 and M62. There's also good train links with the East Coast Mainline running through Wakefield too. There are many shops and amenities near by also. If anyone has particular knowledge of the area: Outwood, Wrenthorpe, Alverthorpe and Osset are the main areas I am considering at the moment. The idea is to purchase a property in need of updating as a 50/50 JV with my father, complete the refurbishment and then remortgage 6-months post completion to realise the property's new value with which I can buy out my father. My next steps are finding a mortgage broker to advise on the intricacies of the lending and form a Power Team of local tradespeople, a few of which I know already. I'll also try and make my way to the Leeds meet up in February also! Many thanks if you've taken the time to read this, and if there's any way you think you may be able to advise please let me know! Cheers Ben
  6. Hi there, I am purchasing two flats in Leeds and need a recommended company to do the surveys. Any recos? Thanks a lot Nick
  7. Hello everyone, I'm Bob, and i'm from Leeds currently working as a Prosthetist (artificial limbs). I'm 33 and for the last 6 months I have been researching property investment as a way to one day reduce my hours at work or even leave work all together as well and building assets for the future. I'm gutted that it has taken me 33 years to learn about the concepts of storing wealth and investing, but i am now doing everything can to achieve my goals. After recently buying my first home with all my savings, i am having to start from scratch to build up a deposit for my first buy to let. I think it will take me between 1 and 2 years, so in the meantime I am trying to listen to every episode of The Property Podcast, watching Youtube videos and reading everything i can on the area. So far i've read 'Rich Dad Poor Dad', 'The Richest Man in Babylon' and 'How to Win Friends and Influence People'. I plan to read Rob's books next. I have done my Property Dreamline and my property goals are: 2 years - Buy first property. One that could be used as a standard Buy To Let or Serviced Accommodation. Aim to buy BMV or add value and then recycle the deposit. 5 years - Net income from property of £1500. 10 years - Net income of £5000. (I should say I have a partner who i will be investing with) I wanted to post this not only as a way to introduce myself, but so I can be accountable, and I also wondered what people thought of my plan? Is it reasonable? Thanks to all in advance and especially to Rob and Rob for a great, down to earth Podcast. Bob
  8. Hi 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.
  9. 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
  10. Hi All, I am looking to purchase a 4 bed HMO / Student Property in Sheffield or Leeds. I would like to purchase within the next two months, however I am worried that the 2nd – 4th year students would have already found their property for the academic year. Would you suggest purchasing and then renting out to young professionals (sourcing on spareroom etc.) on a short term let basis until June / July 2020 and then move the students in. Thanks,
  11. I’m looking to buy a BTL property in Leeds but I don’t know the city very well, does anyone have any recommendations of good areas and areas to avoid? I’m looking for a nice 2/3 bed house that can attract young professionals. Thanks in advance for any advice.
  12. Hi all – first post in and hoping I can use this platform to tap into some great minds. I have been listening to Rob(s) podcast for a while now and have been doing a lot to try and educate myself on the ins and outs of property investing for beginners. I feel like I have a learnt so much over the past year, but I have the biggest frustration of not being in a financial position ready to start my venture. I have recently purchased a house (joint mortgage with my partner) so have limited equity available to release from that. I earn a decent enough salary that I am able to put away around £8-£10k / year. That does however still leave me a few (3 minimum I would have thought) years away from having enough capital to get started. I live in West Yorkshire so I know the Leeds market inside out, I am looking to get a foothold in this rising market – most likely a renovation that I would then look to create a positive cash flow through renting out. In order to get me there quicker, I would be interested in gathering peoples thoughts on this approach? Is there something else I may be better looking at, perhaps that would require a lower amount of capital to get started with? Or looking at the problem from the other direction, a lender that is prepared to lend above the usual 75%? Any and all thoughts would be greatly appreciated. Andrew.
  13. Hi all, New to the forum and trawling through all the great content. Myself and my wife are looking for buy to let properties (mainly in the areas recommended by Rob and Rob on the podcast). Leeds stands out a bit for me, I've spent a couple of nights in Leeds and like the city centre a lot so am quite keen on the area for a buy to let. We're mainly looking for new or nearly new apartments that will require (hopefully) minimal effort in terms of management. I've noticed the LS9 postcode is relatively cheap and it seems there is a lot of regeneration going on neary by with the South bank regeneration and Climate Innovation district. Biggest concern with the area is maybe it's a little too far out (approx 25 min walk to the station according to Google Maps) and possibly a bit sparse of nearby amenties until the above regeneration projects are further down the line - who knows how long that could take?? I've seen other posts mentioning that captial growth could be slow but the yield could be high in this area but we are probably more concerned with captial growth at this stage. I'm wary that the area may be a bit run down so any advice on the LS9/Cross Green area in general would be appreciated. We plan to take a trip up shortly but with limited time available would like to focus on properties in the right areas. Any advice much appreciated! Cheers Sam
  14. Hi, I am a new investor doing my background work for my first BRR and am looking for some advise on areas to consider and/or introductions to trustworthy property sources in the area. kind regards
  15. Hi All! I am super keen to build out my small BTL portfolio in Leeds. I found a stunning new build of townhouses but the developers say they won't sell to BTL landlords - is there any way around this? If not, does anyone have some advice of new builds/areas in Leeds city centre where I should be looking? Ideally 2/3 bed, unqiue feature(s)? Thanks in advance Nick
  16. Hi All, I've always been interested in the property market and have recently moved back to London from Dubai. I'm in a position where I have a £50k deposit and would like to make my first investment. I'm interested in Leeds. I was just hoping to get some advise on which specific area I should be looking at. I would preferably like to invest in an area which is popular with young professionals. I'm planning a trip to Leeds next month and have started doing some research. Could anyone who's had experience in the Leeds market give me any advise? Apologies if this has been asked before! Thanks in advance! Laurie
  17. Hi Hub, Lovely to meet you all!! My wife and I are relatively new to all this so we're after some help, connections and just generally a network to bounce some ideas off. We're accidental Land Lords. We have 2 properties in a Sydney, Australia and now that we're living in the U.K. we're keen to see whether we can turn what has been a general interest in property into a genuine income generating pursuit. Please feel free to drop us a line if you're local to Leeds and fancy a coffee/beer as we'd love to pick your brain on how best to get started, what minefields to look out for, how best to source properties and any other relevant tips or tricks. Looking forward to meeting you all. Cheers, Scotty n Debs
  18. Hi, Please can anyone recommend a residential surveyor in the Leeds/Bradford area (property is located west of Leeds). I've had a couple of quotes which are fine but time frames are too long. Any help would be be much appreciated. Thanks Rick
  19. Hi, I have undertaken a few renovations of projects in Hull in the past few years, so have a few tradesmen I use. However, I have just purchased a 3 bedroom flat in Leeds City center that requires renovation works. As I don't know any local tradesmen where would people recommend to try and find then? Does any one use any particular websites like Checkatrade.com? Any advise would be greatly appreciated.
  20. Hey everyone! Becoming increasingly keen on an investment property in Leeds. We want to go for capital growth rather than a good yield and looking for advice on main areas of Leeds to focus on - whether that be new builds or we do have the resource for refurb projects if it will actually add value in areas that are likely to grow. We can't decide whether to go for city centre flats geared for professionals, or a larger property potentially for student accommodation. Have seen lots of lovely new build flats in the centre, but they seem expensive compared the rest of Leeds and I worry that the market is filled with them. Equally have seen some rather cheap 3/4 beds but we are not from the area and we really don't know which are 'good' and 'bad' roads to choose. What has everyone else experienced in this city? Would love to hear your thoughts. Many thanks in advance for your help and input Anna
  21. 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 currently refurbishing my own residential property with the support and guidance of more experienced family members (trying to learn as much as possible) and conveyancing on the sale of my old house. Investment wise I plan to work mostly near home in Leeds/Surrounding areas and primarily buy... refurbish... let... refinance, but also do some flipping to raise more capital. As far as skills/knowledge goes, I guess I am going to be learning more than I am helping at the start... but you've got to start somewhere I guess! Thanks for reading, Richard
  22. Hello lovely people! This forum has been such a useful find! I've learnt so much scouring through all the posts and I'm so glad to have found the podcast! My partner and I are intending to visit the North and hope that you guys can recommend any sourcing agents/estate agents in the Northern areas such as Glasgow, Hull, Manchester, Leeds, Sheffield, Liverpool, Birmingham & Crewe as we will be investing remotely. Please feel free to comment or email me at sh.propportunity@gmail.com for a chat! Thank you so much! Cheers SH
  23. Hi, I wondered if anyone had any contacts for building contractors or trades people in and around the West Yorkshire area, specifically Leeds. I do have a few contacts but its always good to get recommendations from others incase. I am looking for someone to carry out a full overhaul of a property i have acquired in Kirkstall. Any help would be much appreciated. Thanks, Emily
  24. Hi everyone! Could someone recommend an accountant in the Leeds/Yorkshire area. I'm looking to set up a limited company for my buy to let investments. Much appreciated!
  25. Hi, I have just purchased a commercial property in Kirkstall, Leeds and wondered if anyone here had any experience in converting a commercial property into residential as this is what I am hoping to do. I am also looking for an accountant who specialises in property tax around the West Yorkshire area to manage a small portfolio of properties. Thanks in advance, Emily Jackson
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