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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
Hi all I'm Nicole, Based in Manchester and looking to start my property journey in my home city. This is all new to me, I have some money to invest and my goal is to have a few student properties under my belt within the coming years. I bought my first flat ( first time buyer with mortgage ) in a great student area which i am currently living in for 3 months now. My partner also has a flat in the same building which he rents out to students. We would like to buy a house together in the future but don't want to sell our properties so would like to rent them both out. The only thing I worry about is how this would affect us in the future wanting to buy a house together if we both already have properties but would like to rent them out to provide extra income to help with the mortgage repayments. Do you have to live in the property for a length of time first? Any advice/ strategies or information would be greatly appreciated! I am excited to be part of the property hub community and hopefully document my journey!
Hi All, Just want to thank Rob and Rob for building this amazing platform! This site got introduced to me by a colleague and I'm really grateful for the resource as its an incredible wealth of information and an invaluable starting point for someone like me who is at the very beginning of their property investment journey. I haven't invested in any property yet, but plan to do so in the next 12 months and intend to invest up north. I'm from the West Midlands but live in London and have links in the North West, which gives some options around support in those areas. I'm an Engineer for an IT company, am in my 30s and intend to spend much of the next 12 months learning, networking and building up my skills, savings, contacts (and credit score) to land a buy to let property somewhere up north. You like how I slid 'land' in there (bad joke I know!) Anyways, looking forward to collaborating with you all and I hope to have a lot of positive engagement in here standing on the shoulders of all you giants! Happy weekend!
Hello there, Can you please recommend some accountants that you have used. I want advice on whether to set up a limited company. Plan to buy and rent out properties with my partner, he is a high tax earner and I am unemployed. We would like to be able to take out income from our investment regularly. What is the best set up for us so that we avoid being taxed out of profit!