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  1. Hi all, I’m buying a 3 bed house requiring full refurb in Bracknell. I’m looking for recommendations for builders/contractors to undertake the work. Ideally the builders will have completed a refurb for someone on here before with good results. Thanks for looking. Matt
  2. Hi folks, I'm looking for some guidance from some experienced property developers please. The Buy Refurbish Refinance (BRR) model is an appealing one because of the capital recycling, however, after SDLT, refurb costs and fees etc. from your prior projects, what is a realistic percentage of your capital that you have been able recycle? Thanks!
  3. Hi Would be grateful if anyone could recommend some good quality specialists for refurb work to be carried out. After the names of builders, roofers, plumbers, electricians and general handymen/women. Thanks in advance.
  4. I live in London and will be doing 2-3 BRRR projects in Manchester and/or Liverpool over the next 2 years. I intend to drive up and site visit every 7-10 days, but want someone nearby to oversee every couple of days and feedback to me, as I'll be working with a new contractor (at least on the first property in each city). I feel that even with the additional cost it is preferable to leaving a new contractor to their own devices for a week or two between check-ins (no disrespect to the amazing people in construction out there) Is their a job title for this type of thing? And any advic
  5. Hi all and happy new year! Looking over the BRR strategy.....a quick question for anyone who might know the answer. How quickly can you refinance and pull your initial investment back out? If i buy a house in Jan, with a BTL mortgage, complete the refurb by March ready to rent out...can I re-finance that soon or do you need to wait out the initial fixed period of say 2 years? I know you probably don't need to wait til the end of the fixed period, but not found any info on the typical process.....or do you pay exit fee etc? Thanks Hubbers! Ollie
  6. Hi all. I currently have 2 BTL both tenanted and doing OK. I've recently been extremely lucky to get a windfall of 129k I was working freelance but I've stopped that ATM to focus on a property strategy. I have two in mind I live up North so my goal is to initially replace an income 1600/2k will be enough for me then in 5/8 years assess any equity for refinance etc. The two strategies I'm thinking is 1) buy cash 80k ish refurb, refinance and pull as much as possible 2) buy 3 off the peg ready to rent and get the cash coming in. I know the pros to recycling
  7. Hello all, I've listened to all of The Property Hub podcast and now a new forum member. I am based in Kent but as a keen mountain biker spend some time in Wales, in particular Afan Forest. I am interested in buying a property that requires a refurb close to the Afan Forest Mountain Bike Trail Centre with the hope to do it up and run it as a Holiday Let for mountain bikers and hikers. I was looking at smaller villages such as Cymmer, or possibly larger towns like Maesteg and Neath. Putting Covid to one side, my hesitation is that bookings will be much slower during the winter mon
  8. Hey everyone! First post here, I’ve been listening to the pod for 2 years now and done some searching on here and other forums and and can’t quite find what I’m looking for so thought I’d give it a shot... I am looking to buy a fixer-upper in south west London and need to determine what the maximum I am willing to offer. I wonder if any of you smart folk have any suggestions as to how I calculate this. The property This is a 3 bed, 1 bathroom flat with planning permission to become a 4 bed 4 bathroom with a roof terrace. It is in need of significant refurbishment to bring
  9. Hi I am looking to avoid reinventing the wheel and benefiting from your experience if possible. Does anyone have an assessment form they use to make sure they're consider all aspects of potential works required on a purchase? If you have anything like this and would be happy to be share, I'd appreciate hearing from you. Thanks Nicola
  10. Hey guys, just thinking it would be great to connect with you all on instagram. Its a much bigger platform now with great content posted constantly from some very experienced investors Anyway my username is unsurprisingly: Leenorthrop Connect and I will follow
  11. Hi everyone, My business partner and I are looking to buy and convert a house to a 5-bed HMO somewhere within an hour or so drive from NW London, where we live. We have £150k to invest in total on the property and refurb costs - so thinking £250k purchase price on a 25% mortgage and £60k for refurb. We both work full-time and so as this would be our first HMO (we both have experience with single lets), we would need some hand-holding, starting with a property sourcer. Does anyone have any good advice as to how go about finding a trustworthy sourcer? We are also open to de
  12. Hey all! I'm looking to purchase our first property with bridging loan (note we have 3 BTL already but they have all been through BTL mortgages) Anyways I'm looking for recommendations for who you have used before and rough costs? I've seen from 0.5 to 1% per month but that's a massive difference. The property value is 100k and I'll buy it for 100k hopefully, spend 15k on it so I need 120k in total with fees and stamp duty. If ideally like to borrow 60 to 70k over 6 months. Many thanks!
  13. Hi Hubbers, I'm Davide from London, I recently started my journey through property investment and put my first buy to let property under contract (South England) which is expected to give me a 12% ROI, pretty excited about that and about the fact that I will be self managing the property, so will be learning how to do that as well. At this point I'm starting to think about my next deal, I have invested a good chunk of my savings in the first property and for my next one I was looking for ways to avoid trapping all the money in the deal, so thought the best strategy for that would be
  14. Please can someone help! I am in the process of buying my first property through my new ltd company. My guess is it will complete in 6 weeks or so. It is a 3 bed property that will be a single let. The property is perfectly habitable now and could easily be rented out as it is, however I want to do a fairly big refurb. E.g. replacing the kitchen and bathroom, new carpets, redecorate etc. This will mostly be a like-for-like refurb and I don't think the majority of it will count as a capital expense. If I do this work before I first put tenants in, am I right in understanding th
  15. Hi, I have Inherited a one bed property on a prime plot of land (valued at c.600k). There is potential to redevelop into a 5 bed property by either knocking down and starting from scratch or use the existing shell of the current property. What I'm not sure about is whether it would be better to make it into a 5 bed or 4 bed. I'd like to know how I can find out what the demand is for either and whether it's worth investing a bit more turning it into a 5 bed rather than 4. For context, the property next door was redeveloped a few years ago and is a 4 bed which has been valued at
  16. So myself and my brother found this property and had an offer accepted only to lose the deal as the seller wasn't willing to take the property off the market. This wasn't the end of the world as since then we found another property which works for our target strategy. http://www.rightmove.co.uk/s6p/75657091 This was the one we lost, I'd like an opinion of how it stacks up, I believe the rental around that particular area would be between 625-650pcm and a max re-value once refurbed to a good condition of between 155-165. Oh and feel free to look into this yourselves, we cant af
  17. So I'm looking at a potential commercial unit investment (Class A1 - Shops) which is currently vacant and in need of a facelift (ceiling & wall plastering, re-flooring, wiring etc). I'm keen to know what the 'minimum standard' is for refurbing commercial units of this sort before bringing them to market? E.g. is it similar to residential: flooring, walls, plumbing, electrics, etc all done- or is there more that would be expected from a potential commercial tenant (e.g. outside shutters, alarm systems, aisles, counters, etc)? Any knowledge resources/articles would be most welcome!
  18. Found an opportunity for a flip but the house has a steel structure so it’s no problem for a cash buy but could be a problem when I come to sell it. Apparently it needs the cavity insulation removing. Does anyone know once this is done if the property would then be mortgageable? Thanks
  19. Hi Guys, I’m just in the process of purchasing my first property, it is a repossessed 2 bedroom flat so is in need of modernisation. I would say the flat needs a full refurb which would include a new kitchen, bathroom, redecorating, flooring and a new boiler. The surveyor said the electrics and plumbing seem to be fine but may need changing in the near future, so I was thinking to get this down whilst I’m changing everything else. I just wanted to know how much would something like this cost to be done at a good level. In my head I’ve budgeted for about £20k - £25k. Would be gre
  20. Hi everyone, My question is as it says in the title really... does anyone have any recommendations for companies that they've worked with in Northamptonshire who can manage end to end refurbs? I'm in the process of buying a 2 bed terraced house that needs a full refurb (gas needs connecting, damp dealing with, central heating putting in, new bathroom, new kitchen etc. etc.) so am looking to get some quotes and choose a contractor in the next month or so. Thanks in advance!
  21. Hey PH Team, My wife and I have recently settled on Coventry as our investment area (after running the numbers on a lot of locations). We would love to meet any other property investors in Coventry for coffees/drinks, and are also looking for recommendations on contractors. Any help would be hugely appreciated and hopefully meet some of you soon! Joe
  22. Hello there, I know that you can't apply to remortgage before you've owned a property for 6 months but is there any restriction on buying (for cash or bridging) and selling in a couple of months after a quick refurb? Thanks in advance, Dave.
  23. Hi, I'm currently trying to find a reputable property sourcing company that source; BMV residental properites that are profitable buy to sell refurbishment investments. Any help would be greatly appreciated. Thanks Dave
  24. I'm trying to compile a list of top tips specifically aimed at landlords renovating BTL properties. So I'm focusing more on longevity and cost, rather than all the bells and whistles/creature comforts you find in most articles online. I'm also focusing on internal refurbs only, and not major structural issues or extensions. So far, I've published the article below, but I'm really keen for feedback and for more tips! I want this to eventually be a comprehensive list that we can all use. https://propertyworkshop.com/property-investment/property-refurbishment/ Cheers, Russ
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