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Found 173 results

  1. Hi, My Wife, Melanie, and I are looking to begin our property journey. From being mad obsessive on right move, to reading a Rob D book, to listening to the hub podcasts we have now signed up and booked our strategy call from the end of this month. Currently we are taking in as much e - learning as we can and finding we have a lot to learn !. But i must say we are really enjoying the experience so far and are very excited about the future , although not 100% what that looks like yet We look forward to being involved with property and making a sound future for our family and hopefully a lasting legacy. Our dream is to provide some financial freedom to enable us to see some of the world and provide security for the future, for us, and our children. Craig
  2. Hello everyone and hi Propertyhub Well this feels nice :0) After reading so many intros and listening to a few podcasts on loop the last couple of days (not going down so well in the household), here I am with my humble intro, though hopefully the first of many big steps to come We bought our first house with my wife in 2011 - a 2 bed bungalow in a good part of Woking (great London commuter town) with the view of extending it at a later date. A small, ranch-like semi detached 1920s house with a decent garden. In 2013 we bought our first 2-bed BTL in town centre through remortgaging our main residence and in Oct 2014 a nice 2 bed mid-terrace house followed by remortgaging the first BTL and additional borrowing on our main residence again. We moved into the 2-bed ourselves whilst starting extension works on our main residence, which should have taken 4 months per contract, Last August, after a year of travails, with builders waking out on us, fixing major structural elements missed off the build, me becoming a full time project manager and maximum financial stretch (minus minus minus on every account/ credit card/ family member going) we finally had it done! A 4-bed two storey ueber-modern property which we are so proud of 80% of the debts were paid of when we moved in and took additional borrowing from the bank, with additional funds set to be released shortly on another re-mortgage on the property (God willing!). Having gone through all of that, our intention is to begin to gather momentum on buying additional Below market value properties that can be touched up and let back out. Within 2 years, my goal is to match my working income so that this can become a full time occupation for myself. My dream is to have a substantial property within 5 years that I cold use for non-profit organisation (which I will need some advice on at some point :/ ) for a cause that it dear to me. My best buddies are in the middle of the Rich-dad property courses and are raving about them, though I was amazed at how the knowledge on here compares! I am here to help on many things that relate to the experiences above - I am also in the investment banking world, as a project manager. Hence if people have questions around how to manage expensive projects, I will try my best with plans etc. Do get in touch guys. Really looking forward to it! Best Regards Umut Kandemir
  3. Hi All My name is Jonathan and i'm a first time buyer. Although i've been living in London for almost 9 years, london i thought that it was about time that i'll set out some plans to get a property for investment up north. it seems that i'm getting a bit of the 'analysis paralysis" syndrome as the more i read the less im sure about an area. for example, opening zoopla / rightmove on both rental to check the supply, quality and prices against the asking prices in Manchester for example it's hard not to notice that in many areas such as M14 there are an incredible amounts of properties that are available where probably most of them are empty for a while (or is this just my assumption ? ) On the other hand in the new development sector it seems that a lot of those developers have really tight rules regarding their own lenders, the amount of the down payments high overhead expenses and much more ....which seems a bit limiting what are you experiences in regards to a first time investment properties (location, prices, suggestions etc..)
  4. Hi - I'm Jack, although lots of people know me as Brum - whatever you prefer is best! I have been to a meet up in Manchester and thought that this would help plug the void between contact at events - and enable me to access a number of other people who could help me in my property journey. I found my way here through the podcasts, which I have listened to religiously for a good while now, and made my way through the back catalogue in my long drives up and down the country... this is the first forum I have been a part of so I dont know the manners, so apologies if I make mistakes, just let me know and I'm happy to play by the rules. What you've done in property so far Helped a few renovation projects for friends and family Owned my own house for a number of years and let a room out What areas you invest in (or want to invest in) Looking in the north around established hubs Manchester/Liverpool/Sheffield/Hull/Leeds/York A mix of simple BTL's on houses or Apartments - potentially also looking at LHA to begin with to help with cashflow What your plans are for the future I'm in it as a retirement investment strategy alongside a few other investments Ideally I want to get my cashflow to a level matching my expenses, continue to work and then develop into capital growth markets over 15/20 years I am interested in flipping and also plan on doing some of this if the property is suitable Any skills or knowledge you've got that other members might benefit from I have been in commercial insurance as a senior manager/executive for a number of years and I'm an expert in insurance across a number of industry sectors I am from the Midlands and have good local knowledge of the area - in particular Walsall Wood/Sutton Coldfield/Litchfield I have lived in Manchester for 5 years and have good knowledge of Northeast Manchester near the Etihad/Failsworth/Moston/Ancoats I have a number of reliable tradespeople in my network I phave a netwrok with access to mobile cranes/skips and other machinary in Lancashire Hope to get the chance to catch up with more people soon Best, Brum
  5. Hi, My name's Rob and after buying my own house to live in, I'm now moving onto BTL. I've got experience in setting up a business, so am comfortable with that side of things and with all the information on this site alone, my education is rapidly increasing. Where I'm looking for a bit of a safety net as such is a checklist by which a new landlord can cover off a first BTL. The purchasing process I'm fine with, it's the actual letting. I have sourced a good agent who is assisting, but would appreciate input from the forum. It's going to be a HMO so I know I need to ensure the property has a license for that or I secure one, I know about needing an energy certificate a gas safety cert etc, but does anyone have a 1. 2. 3..... of what they go through to ensure they have everything legally in place to let a property? Thanks in advance!
  6. Hi all I'm Nicole, Based in Manchester and looking to start my property journey in my home city. I have some money to invest and been told by many people property is the way forward. My goal is to have a few student properties under my belt in the coming years. I bought my first flat ( first time buyer with mortgage ) in a great student area which i am currently living in. 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!
  7. Hello PropertyHub, I am brand new to property, and was recently introduced to the podcast. I am currently binge listening all the way from the beginning and learning an immense amount on my commute. After listening to the 2 Robs, all the guests, and the show reviews, I decided to make an account on here to build a network of wonderful helpful people and increase my learning. I am 23, based near Birmingham. I am currently at the research, planning and goal setting stage of my property journey but I am determined to make it to the first purchase and beyond! Any tips, stories or just general chit chat about property and getting started on securing my financial future - please don't hesitate to contact me. I have heard there is a friendly bunch of like-minded individuals around, so am more than willing to chat to people.
  8. Hello my name is Fernando and I live in Essex - Chelmsford and I just discovered the property hub this morning as I'm starting my journey to sow a few seeds for the future and investing in property it seems an excellent choice so I am here to learn from you guys and thank you in advance for your patience Nice to meet you all.
  9. Hi Hubbers! I recently sold my place in Walthamstow and moved back to Chelmsford in Essex to release some capital and start my property journey. My only involvement to date has been as an investor and i'm currently working for a family builder to learn the basics of project management. Initially looking to do flips in the north where i can use cash while I'm learning, then progress into building a BTL portfolio as a pension pot. Would love to meet up with other newbies or experienced investors to discuss strategy, deals, JV's Etc. So please get in touch! Jack
  10. Hi all, Newbie poster here (...go easy on me). I have one property (3 bed house) that I rent 2 rooms in with consent to let from my lender (residential mortgage).I moved away with work, so rent the rooms out whilst I'm away. Consent to let was granted based on this property being my only/main residence. As a result I hope to get tax relief in the form of the Rent a Room Scheme. I will probably switch this onto a BTL when the fixed period ends, and I'll rent the entire property out. I would now like to step further into property investment. My Mum and I wish to go 50/50 on a 2 bed flat, buy to let mortgage. Haven't worked out whether I'd prefer interest only or capital repayment mortgage yet...advice welcomed! I want to ensure I set up this correctly from the start. As soon as I declare income from a 2nd property will I no longer be eligible for the Rent a Room Scheme? How will the 50/50 ownership on a BTL mortgage work, should I set up a LTD company, will the tax changes make the venture unviable...plus many other questions! The Rob's speak a lot about the importance of setting a clear strategy, and being set up 'right' from the beginning. General advice on how to achieve this in my circumstances would be great! James
  11. Hi, I'm 27 and have just given up a career in physiotherapy. In a couple of weeks I will be going back to university to study a Masters in Real Estate. This is a one year course, then after 2 years of working I can sit an exam which if I pass become a chartered surveyor. I realise this drastic change isn't essential but I couldn't face the thought of working as a physio with limited available progression in the long-term. I thought for a little sacrifice (a years hard work and no pay) it will be worth it in the end! I'm hopeful that working around property on a daily basis will not only be more interesting, but helpful in my own property investment. I own my own property (with my husband) but no investment properties yet. We are pro savers but have been happily spending these savings until now - travelling, getting married and buying a house! Hopefully once I get a job as a graduate surveyor we will be able to use all my income to save and put towards properties. We currently have around £15k saved. The plan is to purchase our first buy-to-let property in 2021 (so with a years saving post uni). We would then be able to save for another property after 2 more years. We plan to sit down with an accountant once i'm in a job and work out whether a ltd company is the best route for us or not. In the short-term if anyone needs advice about physio for someone who has had a stroke or a spinal injury then i'm your girl! If you wait a year then I should be able to help with something actually relating to property, i.e. surveying. I'm particularly interested as Crewe and Sheffield as places to invest. I love to read peoples stories about how they started and what they are doing now. If anyone got into property via an alternative route or has any hints/tips about sheffield or crewe then please do let me know Thanks in advance, Helena
  12. 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
  13. Hi, As the title suggests, I am completely new to the property world. However, I recently inherited some money and am considering investing some of it in to property. An initial idea has been to purchase a student house using a buy-to-let mortgage. My short term goal is to gather as much advice and knowledge from you guys on this forum on all things property investment, particularly student buy to lets, and how to get things started. I have been looking into student buy to lets in Sheffield - 4 beds around £250,000. I appreciate that property can be a complicated and challenging investment which is why I want to learn as much as I can before I officially decide whether it is something I have both the time and money to continue with. Thanks so much and I look forward to hearing from you Matt
  14. Hello All, About Me: I am a 30 year old looking at getting into BTL for long term growth, have read plenty of material, books, podcasts etc. Being a home owner myself, we bought below market value and have done a refurbishment and added equity to our primary residence although this isn't the particular route i want to go down I learned a lot in the process. I am an Engineer within the Merchant Navy industry and work 3 months on/off so have plenty of time to spend on building my strategy and portfolio. Main reason for post, was supposed to be at the Southampton meet up tonight but cant make it due to illness. That said, is there anyone around the same stage as myself in the Southampton area that might want to connect just to share tips and the odd boost of encouragement along the wya. Would like to hear from you. Keep up the posts guys, its invaluable to us newbies. Regards, David
  15. Hello All! Over 2019, my partner and I have been educating ourselves about property and all the ins-and-outs of BTL. We have managed to save £30k, and now we need to take the leap of faith and actually start DOING some investment!! I'm the kind of person who has to have a clear plan of action, and I'm really struggling to nail down the process to purchasing our first BTL. After many discussions and considerations, we have decided that buying property as an SPV Ltd company will be the best option for us (both in terms of tax implications, and long-term goals). We would be so grateful if anyone could offer any advice on what order to complete the following steps in: - Set up a Ltd company (Side note - how have people found is the best way to do this?) - Get a mortgage-in-principle (Is this possible for Ltd companies before finding a property?) - Put an offer in on a suitable property - Set up a separate bank account for the Ltd company (Can this be a standard bank account?) - Any other step in the process to purchasing your first BTL as a Ltd company that we have overlooked! Any advice would be very much appreciated! Thank you in anticipation, Hayley and Steve
  16. Hi There, Just getting in to the property Sourcing game. I am able to find BMV deal most I have found is at least 10% BMV properties even after additional cost of fee's etc. Any words of wisdom from any sourcing agents on here would be greatly appreciated. Also if anyone is reading this and has a particular interest in the wigan area and surrounding areas as far as liverpool please drop a message and share your thoughts, I am keen to learn what potential investors are looking for. Kind regards, Phill
  17. 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
  18. Hey Guys, I am new to Property hub as I have just started looking in the UK market due to the Australian market being incredibly unpredictable, difficult to gain a positive cash flow and potentially heading towards a correction. I would be looking at some small buy to lets to start in the Northern belt of the uk, Manchester, Leeds and Liverpool area. Great to meet you all. Thanks, Luke
  19. Hi, My husband and I are looking to invest in property and are looking for a mortgage broker and an accountant to start us on our journey. We are based in London. Does anyone have any recommendations? I have tried those recommended by The Property Hub but the accountants are not taking any clients at this stage.
  20. All, I have found myself my first property and have started the process. I was just wondering what people's thoughts are pros and cons of a 2 year or 5 Year fixed mortgage. The interest is higher on the 5 year fixed. What are people's thoughts. Regards, Jay
  21. Hi everyone, I've just embarked on the magical world of property. I own a flat in East London that I bought to live in myself. A week from today I will be moving with my Swedish partner to Stockholm, and so I have begun the process of letting the property. I have been doing some research about this, but just at the beginning so am looking out for advice and practical tips that I can apply from a distance. Eadon
  22. I am a newbie international/expat investor buying in the UK and I’m starting to put together my power team and feel that I would need a sourcing agent to help identify property deals and potentially manage the property afterwards if they offer that service. I’m interested in finding out who more experienced investors are using? the scope of services sourcing agents are used for? What to watch out for? Any advice would be much appreciated
  23. Hi there, I'm looking to get started in property investing in the Glasgow area. I don't have a lot of initial capital (around £10,000) and was wondering how best to start? I know Buy-to-Let mortgages are generally our of reach and am unsure if holiday lets (Airbnb etc) require them or if they can be used with a regular mortgage? Also is Rent-Holiday Let a thing? Cheers,
  24. Hi everyone, I've recently joined the forum and for once in my life am not going to lurk but try to contribute. I've been what you might call and accidental landlord for many years (about 14) and was kind of happy with that until about 2017 when I started to realise that there was a bunch of equity in my rental property that wasn't being used at all. I quite randomly found a book in Waterstones that gave me the inspiration to remortgage my 1st house to release some equity to invest - so I started with a pot of around £50k. I'm investing in Newcastle-Under-Lyme and Stoke on Trent kind of by default because I used to live there, my first rental property is there and property seems to be around half the price of where I currently live (Cardiff), with good rents. I've already bought one house and am close to agreeing a price for the second one. After that I'm going to run out of money in the short term but I'm in the position where my wife and I can save a 25% deposit in around 8-12 months (price depending) so plan to just keep buying regularly and letting the snowball effect happen. Rather than have a specific number of properties in mind we've just decided not to put an upper limit on it and see where it goes. I'm investing remotely from where I live but not afraid of doing a refurb so will consider that in 2020. My motivation is that the future of my job is very uncertain after 3 years time so I want some income which will allow me to be brave enough to set up my own engineering company if and when I'm made redundant. I suppose the super goal would be to invest profits from the engineering firm in property. Short (ish ) term goal is to get to 8 properties in 5 years, which would cover the bills and give me the foundation I need for the engineering company. I'm buying the new properties into a limited company but the first one remains in my name so big decision coming up next year - whether to sell or not. Any advice appreciated as I'm really torn between selling, keeping the status quo, and transferring to the ltd company. Loving the free education on the property hub and as the title says - looking for support, contacts, inspiration and anything really!
  25. 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
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