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Found 2 results

  1. Hi All This may be a strange request, but are there people who live in Middlesbrough (TS1 area), who can view properties for me (I will organise the appointments) and pay for each viewing? I am looking to buy some BTL properties in Middlesbrough, but the travel time is about 8-9 hours, for a round trip. I think it'll be cheaper to pay someone to do the viewing, on my behalf. If so, please can you click on my avatar and send me a message. I will let you know what I need you to do and how much I can offer, per viewing. Thanks
  2. Hello, Would hugely appreciate any points for a beginner from anyone with experience or plans similar to mine. Currently looking at purchasing a property (hopefully) BMV in Middlesbrough, the property is a 2-bed semi-detached listed at offer over £37,000 but stated he expects £40,000 minimum (Poker face?) Situated in a rough area but an area where I grew up, so doesn’t put me off too much. The shell of the house is fine, the guttering and windows are fairly modern, it has a solid garage, running water. The seller stated a new boiler is required and the kitchen units need replacing, the bathroom would ideally be updated but is functioning. no signs of damp or major damage although I would use a surveyor to confirm this. The rooms and garden are full of clutter and overgrown as the original owner is in a home, I don’t mind the hard work regarding the rubbish disposal and basic maintenance/improvements however my main area of concern is while the house itself has no real signs of vandalism the house next door has one of its front upper, rear upper and side windows smashed. The property has been listed for around 6 months, the owner’s family stated silly offers of £33,000 have been laughed at. Houses on same street have sold for £42,000 in 2013 and zoopla valuations put some same street properties at £46,000-59,000 with rent in between £375-450. Although it is the only property on this street with a solid brick garage. I’ve tried to do as much research into the process and the pitfalls as possible with books and websites, podcasts and recently Rob Dix property investment for beginners and 100 property investment ideas alongside my addiction to homes under the hammer. ive ran various sums for rental income, potential valuations and refurbishment budgets and the net yield varies from 7-11% I would ideally like multiple possibilities... live in option, rent (only with BTL Mortgage) or the option to sell for profit once renovated. How much would the (Likely) empty house affect your eagerness to invest? how would you approach the negotiation? anybody had problems with similar ideas in the past? do i attempt to highlight the work needed and state of next door to increase my negotiating position? All replies would be gratefully appreciated. Thanks, Liam
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