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Found 127 results

  1. Hi everyone, hope you're all well. Seeing as though the lockdown has started to ease and more viewings, surveys are starting to pick up pace I thought I'd post a few links to the former mill conversion properties that will be coming onto the market over the coming years. These apartments will help change the face of Stockport as a place to live and work, there has already been massive investment in the last couple of years with new infrastructure, leisure and living space and with lots more planned this is great place to look at for your long term investment plans https://www.google.com/amp/s/www.manchestereveningnews.co.uk/news/property/meadow-mill-development-for-sale-13779064.amp https://www.google.co.uk/amp/s/www.manchestereveningnews.co.uk/news/greater-manchester-news/historic-stockport-mill-undergo-60m-18281312.amp https://www.placenorthwest.co.uk/news/investar-reveals-65m-central-stockport-development/ I live and invest in Stockport & Tameside, if anyone needs any help in these areas I'm always happy to chat Thanks lee Lee@polarisproperty.uk www.polarisproperty.uk
  2. Hi, I currently work through my LTD Co as a contractor and am looking to set up another LTD Co to start property investing. I require an accountant who has knowledge of how to run both. Does anyone in a similar position have any good accountancy recommendations and who are also tech saavy? Many thanks, G
  3. Hello Everyone, I am looking to grow my network and would like to get your thoughts on any other property network groups which you are members of, or any meetups that you recommend in the London area or virtually, of course the PH Forum is great and very informative but I would like to know any useful resources that have helped grow your network and found informative? Thanks in advance
  4. Hi Everyone! I've been following Rob & Rob's podcast for a while now, and thought I would take their advice and ask for some help through the forum! My partner and I currently own a 3 bed flat in Kenilworth, which we purchased for £210k in 2017. We currently have it on the market for £250k, but have not had any offers past £230k in 6 weeks... but are now wondering whether keeping the flat and purchasing another smaller property would be the smartest move. We have £60k in cash, so could afford to buy a small house in Warwickshire for £250k (max) and rent out the flat as a buy-to-let. We both currently work full time, and don't have a property company set-up at the moment, so very much newbies to property - but are keen to get started on the ladder for the long term. I'd welcome anyone's opinion on what we should do, or the questions we need to start asking ourselves to work out what our best route is! Thanks everyone,
  5. Hello Hubbers, I was wondering if anyone knew of some good property software extensions for Chrome and other browsers? Or any other software that adds additional functionality to browsers, anything to enhance the way of interacting and saving some time. I have found Property Log (suggested by Rob & Rob on episode 301 of the podcast), property bee for Firefox and Property Tracker for chrome. There is also Nimbus Maps, which I had the chance to witness from an investor friend, it seems very impressive however I don't current have the spare cash to splash. Any suggestions would be really appreciated. Cheers Chris
  6. Hello new on here! My name is Jack and I am Quantity Surveyor, I have worked for a private developer project managing there developments from acquiring the land to end sale but I am now looking to work independently with investors. This could be either hands off or hands on for the property investor and I am happy to work either directly for you to manage the project or even a joint venture if that is an option! If anyone is interested please do not hesitate to make contact with me.
  7. Morning all Just wanted to ask for some advice off anyone who is a few steps in front of me or is where I want to be. I am a 20 year old electrician and have been studying about property investment/ development for about a year or two simply just reading books, articles, forums you tube videos etc... My best pal and I (who is also and electrician) have decided to partner up on our property investment journey as we both have very similar if not the same goals relating to where we want to be and also feel that we would work very well with each other. We both live in Caterham surrey and between us both have managed to save up around £25,000 and also can get loans if needed. We have been viewing properties in areas such as Crawley/ East Grinstead about a 20 minute drive from our homes. Our strategy is for the first three properties we buy we will sell two and hold one for rent in the hope that we would have made enough capital to afford a BTL investment. Our goals aren't for short term cashflow it is for long term wealth as we both know you cant get rich quick. We have agreed that we will live off our current wages and any money made from the property business will be reinvested back into it in the hope that over a 10/15 year period we would have large property portfolio and leave our jobs as sparkies and become full time property developers as it has always been our dream. I know I have only touched on our goals/ game plan briefly in this paragraph but have one written up going into the depth about where we will be in the future if anyone is interested. Hope you all have a good day and look forward to reading any replies as I think we would both benefit massively from it. Kind regards Will.
  8. Hi everyone, I’m new to the forum and I’ve just hit my first stumbling block during Covid-19. I’m in the process of acquiring my first off-plan property and the property lawyers I’m using have just emailed me to say they are ceasing trading at the end of June. I paid the full fee for their services up front and they have completed the initial exchange of contract and deposit transactions. The rest of their services would have been used nearing completion which now obviously won’t be done. Has anyone been in this situation before and do you have any advice for me/things to watch out for so that I don’t run into any problems going forward? I know I will have to get another property lawyer to continue with the purchase and that they should be able to use the details from my file with the original lawyer. I’m wondering what money/refunds and I am entitled to as all the services I have paid for haven’t been completed. Thanks in advance Rob
  9. Does anyone here think COVID-19 genuinely changes the long-term appeal of owning and renting urban property in the UK? The rise of homeworking and closure of leisure could seriously cause massive shifts out of crowded expensive cities. Interested to hear people's thoughts on what to do in light of this, how is everyone dealing with this? Anyway, whether its "counter-urbanisation" or just general sentiment improvements, UK housebuilder shares are doing well!
  10. As a property investor (I'm not a landlord): For example, I found a BMV property, then apply for planning permission to convert into an HMO property depending how many bedrooms and use the bridging finance to refurb it, then use the property to rent it out to potential tenants if that makes sense. This is a buy to let. Someone mentioned that property management/ Rent2Rent is a trading business. Which of these codes are applicable? It is really confusing. SIC codes SIC code 68100 is for the buying and selling of own real estate; so, if you’re going to be flipping and trading, this would be the code for you. SIC code 68209 is for the letting and operating of own or leased real estate. In other words, for buying and holding property and renting it out. SIC code 68320 is for the management of real estate on a fee or contract basis. So, for example if you’re going to set up your own management company, then this would be the right classification for you. (As an aside, if you’re going to manage properties for other people or third parties, you should definitely do this in a separate company, and for tax efficiency purposes, you may also consider managing your own properties for yourself but through a separate company). SIC code 68310 is for real estate agencies. In other words, if you’re going to do deal packaging, i.e. if you’re going to source properties for other people.
  11. 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.
  12. Hi everyone! Always been eager to post on here and finally have a question! My situation is that I have a single buy to let flat that was purchased in a company name. (I set up the company a couple of years ago) I'm currently achieving a pre tax monthly profit of £270. (After monthly mortgage (3.7% Interest only 5 year fixed with Paragon), Service Charge and Ground rent has been taken away) I've always had an accountant lined up, however they are wanting a monthly fee of £62.50 plus VAT for their services. For that they will offer; "the preparation of a small set of Ltd company accounts and associated company tax return with minimal levels of advice and assistance, as necessary." As this is my first buy to let and I'm relatively inexperienced, this seems like quite a lot of money? I'm just wondering whether I should do the first years tax return myself? Has anyone else done this or should I just bite the bullet and go with an accountant? I can understand that having an accountant is beneficial if you have quite a lot of properties and the accountancy fee remains the same, however I'm not quite so sure if it's your first. Would love to hear peoples views on this. Much appreciated Benji
  13. Hi, Me and my partner had an offer accepted on a flat at the end of January all has been going smoothly until recently. For a month enquiries from the seller have not been answered and the COVID-19 pandemic situation is growing. My partner works freelance and has now had phone calls canceling all work booked in for the foreseeable future working in the climbing industry which have now started to close climbing gyms to contain the spread until further notice. Obviously this is a scary time for everyone not only health wise but also financially. I know nobody knows what the future hold but i am worried, about holding off on this purchase and my partner is wanting to still go forward. I just wanted to get anyone elses opinion on this current situation not just for the short term but for the long term would it make sense to not buy until 2021?
  14. Hello there! I am Paul, 23 y.o. and living in London. This is my first post on the Hub although I have been following the 2 Robs for quite sometime. I have been to the London East meetup and had a great time (secured myself a Property Hub mug and a magazine too!) and also got my tickets for the Property Hub Live event which I am SUPER excited about. MY SITUATION: Currently I am in a phase where I have been learning about property as much as I can and trying to figure out what strategies are out there and what is available to me. I work a 9-5 job in Finance and which I enjoy. But I am a few months ago fell into the property rabbit-hole and became hooked ever since. MY GOALS: Longer term I am saving up towards a deposit for a BTL (perhaps up north?) Looking to find a place where my cash can go a bit further and this has pushed me to widen my search outside London. Short-term, I am also interested in finding out other strategies related to property such as DEAL SOURCING. Seems like a great business model and a good way to generate cash that can be then used for my personal portfolio. I would love to hear from people that are doing this with any degree of success! WHAT I WOULD LIKE TO LEARN: I would love to hear from people that are involved in Property, perhaps even locally here in the London area and find out what they do and how they got started. WHAT I CAN BRING: A great pair of ears (and a coffee) for anyone willing to share their experience and have a chat about property! This is a brief overview of myself, my goals and ambitions! Hope to hear from any of you down below!! Thanks, Paul
  15. Hi everyone, I am Stephen 27 Ex Military served in Afghanistan, March 21st 2012 I stood on a i.e.d (mine/bomb). Let’s not be negative now I love my prosthetic leg it makes me who I am. So the property side of life I currently own four 1 buy to let 2 outright and my personal one. Due to personal circumstances I have a credit score so low I can not get a mobile contract I’m in limbo mode of where do I go next to release money to invest into more property. 2020 is about learning so please any information would be great I have attended ppn and hoping to make pin Liverpool Based
  16. Hello I need help finding property in and around the Southampton area. If anyone knows any "property sourcing" companies in the area? Thanks in advance
  17. 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
  18. 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?
  19. 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
  20. 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
  21. 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
  22. 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
  23. 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
  24. 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
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