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Found 113 results

  1. I’ve done a few flips this year but as the buying and selling process takes so long, realistically I need to have more than 1 on the go at once. As I only have enough capital to put into 1. Is there a strategy / contract where we could agree a price with the seller for the property then pay after the refurb is complete and sold and also offer them a % of the profit on top? Someone mentioned about assisted purchase, deferred payment and development deals but didn’t elaborate on the detail.... thanks all
  2. Im interested in finding a property sourcer/finder in East Kilbride, Scotland? We are a new LTD company purchasing BTL investments in the area. What are the finders fees?
  3. Hi Experts, I just wanted to get an idea if I can claim the "Interest on loan" as an expenses while preparing annual accounts of the Company considering that the loan is taken in my personal name instead of Company's name. Thanks
  4. Hello I'm a business management Graduate with a good knowledge of locations in Brighton, Guildford, Farnborough and London. I do not own property yet and I'm a newbie in the arena. I've been reading up on property for 12 months and have some capital; now I am trying to figure out what my strategy is but i'm not yet sure what the best route/ best locations are for me. My current ideas A) Serviced accommodation in Brighton or elsewhere 2 -3 BTL properties in Manchester or Liverpool Buy 3 bed BMV in London (Looking at areas in zone 2-3 with new crossrail stations set to open) Live in and modernise swiftly Rent out the two other rooms Refinance the property & withdraw funds Repeat the process My goals: To reach a net cashflow from property of 4k per month within the next 1 - 5 years (Ideally ASAP) Grow my account Hoping to find some sound advice in the community and will reciprocate where/ when i can. Look forward to speaking along the way! James
  5. Good Morning All, I recently went to one of the property hub meet up groups, which was great, where I found out about "gifting" property. My situation is my parents have a BTL property of which they own outright (no mortgage), but are looking to sell it to support their retirement. I have said I would like to buy it from them, but have then found about gifting, where they could gift the property to me and I would remortgage the property and the gift them the money back. They bought the house for £175k and its now worth double this at £350k. I am wondering what fees I will have to pay? Stamp duty? inheritance tax? capital gains tax? At the meet up, I met 1 person who did this without paying any fees at all and another who had to pay stamp and capital gains. Is it also possible to gift ownership to half a house rather than the whole thing? Any one that can point me in the right direction, or the right person to speak to, would be fantastic! Thanks all James
  6. Greetings PropertyHubbers! I'm Diana, based in SE London, and have been brought to the forum by Rob D's inspiring books in property investment (thanks Rob D, I've turned into a fan!). I have a very mixed professional background, having worked in private, charity, academic and public sectors - and that's because I'm essentially a big fan of learning and of trying new things. At heart, I'm very entrepreneurial, and I've never been a fan of full-time work, so I'm dreaming of the day I will become financially independent. My dad has always inspired me with his entrepreneurial and property investor mindset (although I'm not sure if he's a rich or a poor dad!), but the seeds are only now starting to blossom in my mind. I'm ready to start as an investor, and very much interested in property investing, especially in the BTL sector, but I'm only now starting to save for my first property, so I'm still at least a year or two away. Using this time to learn and get my feet wet. I'm very nerdy, I devour books but also love spending time buried in spreadsheets and numbers. I'm keen to learn and driven to action, but I don't have any social networks in the property investment space. None of my friends know about or are interested in property investment. So I would be really keen to hear from fellow experienced investors, to discover inspiring mentors, and to exchange impressions. I already have a few ideas on my first few potential investments, but I have no one to bounce them off! Really happy to be part of this community, and keen to learn from you all! Diana
  7. Hello all, I'm looking for some advice, I'm 25 and I've currently got a portfolio of 3 properties. My strategy this year was to carry on buying, but after having a meeting with my accountant he said perhaps it's worth me slowing down to see what changes brexit could bring. Everyone seems to have slowed down and I personally think this is a great time to try and take advantage of a slower market. Anyway, below is my current portfolio, if you need any further info please drop me a message - Property 1 Purchased for £214,750 Outstanding mortgage £140,000 Current value £250-£260 Net PCM - £525 Property 2 Purchased for £92,500 Outstanding mortgage £75,500 (Have refinanced) Current value £100,00 Net PCM - £226 Property 3 Purchased for £92,500 Outstanding mortgage £69,375 Current value £100,000 Net PCM - £330 My plan was to remortgage property 1 and pull some equity out to buy a further 1 or 2 investment properties. I've worked really hard to build this portfolio and I don't want to ruin it all by putting a foot wrong somewhere. I could potentially pull 50k out of property 1 and add it to my savings, to have a total of £100k ready to put towards new investments. Do you think I'm over leveraged? Do you think my strategy has holes in it? I would love to hear other investors opinions. I'm not in a massively high paying job, I earn over £25k but under £40k. I still live with my parents (believe it or not!) so my outgoings are fairly minimal, giving me a good chance to save as much as I can. There are 4 main strategies I see as options - 1 - Buy 3/4 £60-£80k at 75% LTV properties up north, Manchester, Sheffield, Liverpool etc, this should cashflow around £1000-£1200 PCM. I would also expect to see some good capital growth here 2 - Buy 1 HMO property for £250-£300k at 75% LTV, this should also cashflow a similar amount 3 - Pull out a smaller amount of equity from property 1 and fix it on a 5 year deal. Add this money to my savings and put down a 35% deposit on a property, this should make about £675-£750 PCM. Purchase the new property on a 5 year fix and then aggressively pay the property down by £7500PA for 5 years to reduce my overall debt 4 - Fix Property 1 on a 5 year deal, sit tight and do nothing. This is the answer I fear the most, although I want to play things safe and not put a foot wrong, I also understand that to develop myself financially I need to take a certain amount of risk to increase my earnings. I'm currently on option 3, as it increases my cashflow and also mitigates risk as much as possible. Which one would you choose and why? I welcome any advice and opinions from other investors. Thanks for reading. James
  8. Just wondering along with the normal zoopla and rightmove etc apps, what are the best apps people have found for property? In terms of education? sourcing? law? tenants, tradesman or even property games? Looking for some other ways to better my education from my smartphone. cheers Phil
  9. I'm living in London and have been told to find a new place and fast. As I'm struggling to find a suitable house/apartment to move into I need some help with this. Is things such as shared ownership a good idea? I have looked more and more into the idea and it seems to be something of interest. From talking to multiple people and housing people I have come across the idea of this shared ownership. One friend even recommended places to look such as this website https://propertybooking.co.uk as they do all of that stuff. I am someone to want things done easily, can not be fussed with lengthy and dragged out process' to find out I can't afford the high rent (especially in London). I just would like some help, and know not all of my money is wasted. As I am not the richest person in the world.
  10. Hello all, I would be interested to see which route you would go down and why? Please see scenario below - By May of next year, I will (hopefully) be in the fortunate position of having about £100-£120k cash, I plan to use this to buy property. Now here comes the tricky part.... I've been fixated on using this money to buy one big HMO property costing around £300-£325k and producing roughly net £1000-£14000 PCM, however the more I think about it, the more I wonder - should I use the money to fund 4 vanilla buy to lets or even a refurb? Option 1 - Buy a large HMO for £300k-ish Net £1200 PCMish I'm aware HMO properties scare many landlords away, but my Father has a substantial HMO portfolio and has shown me how to manage them successfully should I need to do so. Option 2 - Buy 3-4 single lets, 85k-100k each If I chose this strategy it would give me a chance to save up an additional £20k over the time it takes to purchase them Net £1000 - £1200 PCMish I'm thinking this could be a more beneficial approach as it increases chances of capital growth Option 3 - BRR Method (Buy, Refurb, Refinance) Look for a rundown building and bring it back to life This method should allow me to grow my finances by a considerable amount, providing the project goes to plan. Being based down in the South East and having limited finances, this could prove tricky. Could look at doing BRR further afield though.. I'm looking to increase monthly cash flow as much and as quickly as possible, giving me more options in my professional life. I'm 24 at the moment so having problems like this, well lets face it, it could be worse.. Any feedback would be much appreciated, I would love to hear about what you would choose in this scenario! Kind regards, James
  11. Hi Tribers, My solicitor recommended I take out director's insurance against cyber crime as part of my limited company purchase- reason being its apparently increasingly common for company directors' details to be appropriated (simple companies house beta search) and frauded. Wondering if anyone else in the community has opted to take this up as part of their ltd co borrowing (or is it a bit of a red herring)? and whether the costs is reasonable? Thanks
  12. HI there, I would like to come in contact with a reliable, efficient and trustworthy solicitor. Can you please share recommendations based on past and happy service(s) received. Thanks in advance
  13. Spotted this deal online, 2 bed for sale in Brinnington Manchester. Looking around I see area is not the best, however it is being sold for £95,000 which I can imagine I could bring down if I was a cash buyer and as its been on market for nearly 2 months. So presuming I bought at 95k, I was thinking of doing a refurb and flipping for 125k? I'm thinking 125k as looking on zoopla, I can see a property few doors down (in decent condition) sold for 124k few months ago. F Furthermore I first found its time on market and the fact its price has been decreased concerning, but the fact I can see an identical property in good condition just down the road makes it seem solid to me. Would love feedback from anyone here, what do you think of this 'deal'? Propertys referenced: https://www.zoopla.co.uk/for-sale/details/45476738?search_identifier=3f25391946b847db7d199f7ec343a497#fijXifF2W5WBKK8i.97 (TO BUY) Nearby Property that sold for 124, http://www.rightmove.co.uk/house-prices/SK5/Sandileigh-Avenue.html
  14. Me and my partner are desperate to move out of my mums house but also I want to save up for a deposit for a flat. What's the best way to go about this?
  15. Hello My name is Jamie Parker, I've been in the property industry for 7 years and have worked my way to becoming a manager at Stone & Long Nottingham. I am in a position now where I am able to make all my clients the best returns and advise them on what property is right for them. I currently provide all my clients with lists of the best properties to invest in Nottinghamshire and I am happy to attend with them on viewings to offer further advise and support through the process. I hope to buy an investment property of my own but similar to the builder that has holes in his walls at his own home, I am yet to spend the time to sit down and look at my own situation as I put my clients first. In future I would like to because a Director at the company I am currently manager for and hopefully have two investment properties under my belt in the next five years. I'm property mad so I constantly read, listen and watch things about property so there's many areas I'd say I would be knowledgeable on. If you are in Nottingham and you would like to test my knowledge please feel free and I would be happy to see how I can help you. Have a good day, Jamie.
  16. I'm just wondering how once i've purchased my first flat for £70,000 max and am renting it out to someone for a bit of extra money, how could I afford to get another property at £70,000 to then also rent out? I am doing this so that when I have children in future I can give them everything they need. I don't really want to have this be very time consuming. I intend to save up a deposit for the first property and move into it as I pay off the mortgage, which may be several years.
  17. Hi everyone, this is my first post and I have not yet got any properties etc, I am just planning to save some money up to someday start my career off as a landlord. I really want to save up £20,000 within the next two to three years (I've worked it out and can do it.) And then I would like to purchase a cheap but sturdy flat to rent out at £70,000. I've heard that there are mortgages where you're not required to live in the property, called 'buy to let' however in the UK, I can't find ANYTHING! Does anybody have any general advice for me or know a company of which I can get a buy-to-let mortgage to achieve my goals? I just feel it would enable me to obtain the flat faster and I know of someone who is currently doing buy-to-let and after paying the agreed monthly repayment sum, has some £ spare. However I have no contact for this person to ask them, they're not close with me, just a relatives friend. Thank you.
  18. So. I’ve finally managed to figure out what the right strategy is for me once my deposit is saved. May father did tell me that he was willing to borrow me £20,000 towards my first project but as much as i have a great relationship with him I feel borrowing money from him for a first project is not a good idea. I can currently save 1,500 a month so it’s a better idea to just wait 17 months for a healthy pot to start. My strategy is for my first property to get a BTL mortgage and buy a house with the BRR model in mind as it’s slightly less risky than getting bridging for my first project and then for my seconds, when I have more confidence, use bridging. My question is where are the best resources for the flipping strategy? Can anybody recommend podcasts around Flipping? YouTubers? Books? Anything like that? Many help would be really appreciated. Thanks in advanced, Martin
  19. Hey! As the title suggests I am looking for recommendations of resources of informations in regards to flipping and renovating houses. Anything from books, podcasts and websites would be greatly appreciated. Thanks, Martin
  20. Guest

    Property gifting

    Good morning , Hello my name is Brighton Nembaware , my question is about gifting a property , my parents have a property valued at 390k with a mortgage value of 130k left on , is it possible for me to take out a mortgage to payoff the existing mortage and have a new one in my name. Also how would that property affect me buying a secound personal mortgage Kind regards Brighton Nembaware
  21. Hi All, Attention all residential buy-to-let property investors! I am currently completing dissertation on how residential buy-to-let property investors adapting to the recent tax changes to industry. If you are a residential buy-to-let investor, keen to hear from you on your thoughts and opinions in support of the dissertation. Please like and share survey to those of interest in your network so as many responses can be generated in support of my MSc Dissertation thesis. https://www.surveymonkey.co.uk/r/BRDKQK7 Kind regards, Simon MSc Building Surveying Post Graduate London South Bank University.
  22. Hi There, I am a established property investor in Cheshire. A associate has recommended this website. Also, completing MSc in Building Surveying where I am completing a dissertation on the impact of the UK tax changes of residential buy-to-let investors. If any is keen to complete the short 5 minute survey, drop a comment below and will include link. Look forward to hearing from those in this community. Kind regards, Simon Hollington Cheshire Property Investor MSc Building Surveyor
  23. Hi All, Attention all residential buy-to-let property investors! I am currently completing dissertation on how residential buy-to-let property investors adapting to the recent tax changes to industry. If you are a residential buy-to-let investor, keen to hear from you on your thoughts and opinions in support of the dissertation. Please like and share survey to those of interest in your network so as many responses can be generated in support of my MSc Dissertation thesis. https://www.surveymonkey.co.uk/r/BRDKQK7 Kind regards, Simon MSc Building Surveying Post Graduate London South Bank University.
  24. An aspiring property investor ,aged 17 . Young with only minimum experience in the industry but keen and most definitely passionate to learn the trade . Any ladies /gentlemen with any vacancies ? Respond with an email and I will gladly provide a CV . -just looking for an opportunity to better my knowledge in the industry in which opportunities are scarce for youngsters like me
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