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  1. Hi All, Would be great if I can get some advice on the below quote: I've also attached the floor plan to add some context. In short, I've turning my flat which I'm moving out of into a BTL property, I've already converted the property to a BTL mortgage and moved the property into a limited company but it needs renovating before it can be let out to tenants. Apart from the double glazing windows which are newish 2-3 years old, everything else needs replacing as this is a very old converted victorian flat which is in need of full modernisation - No structural changes. It's probably
  2. Hi All, Would be great if I can get some advice on the below quote: I've attached the floor plan below but I'm turning this flat which I'm moving out of into a BTL property, I've already converted the property to a BTL mortgage and moved the property into a limited company but it needs renovating before it can be let out to tenants. Apart from the double glazing windows which are 2-3 years old, everything else needs replacing as this is a very old converted victorian flat which is in need of full modernisation. I've estimated the work based on research to be around £35K-£40K wi
  3. Hi, We have a buy to let that has been performing relatively well and with the exception of a few bits here and there we have done nothing to the house since we purchased it 14 years ago. We have about 70 worth of equity in the house and the according to the building society we have the ability to draw out 24k based on ltv / rental income. Question is, do I re-mortgage and take the 10k out of the house for refurb via mortgage but obviously incur big interest cost over the remainder of the term (15 years), or do I use my own money or a personal loan (10k would cost me £700 in interes
  4. Hello All, I have a question with regards to a Flat that I have just bought and I want to carry out a full refurb of the property as it is a bit dated and I want to make it more to my taste. The property is on an upper ground floor level of a Victorian conversion with 1 flat below me and 3 others above me. The legal structure is as follows: 1. This is a share of freehold property 2. A management company has been put in place by the Freehold company to manage the building 3. There is a lease between the management company and the freehold compa
  5. My long term girlfriend and I have been looking for a route onto the housing ladder. My girlfriend’s Dad owns a commercial premises on which he runs a profitable laundrette from. He also owns the freehold to the first floor which has separate access and is currently being run as a 3 bedroom HMO. Long story short, the property is well suited for a loft conversion / extension, next door have already done this a few years ago. My girlfriend’s Dad has agreed to “gift” us ownership of the proposed 2nd self contained flat should we fund the works. The works would comprise a small ground
  6. 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
  7. Hello, My name is Michael and I am based in London. I have previously done a couple of deals in Spain and Eastern Europe and now would like to focus on the UK market. I am a software developer turned into entrepreneur over the years. I am looking for a long-term partner (with a track record, good references and with some cash to invest) in the Manchester area to join forces with. I would like to start investing in the real estate market by acquiring houses in a poor condition, refurbishing them and then selling them as soon as possible. Rentals do not attract me.
  8. So before COVID 19 I had some ideas floating around in my head. I am a home owner and will be mortgage free in in a few months. My property was valued at 200k its a small 2 bed end terrace bungalow with some space at side for a extension of around 6x4m. My currently line of work brings in around 20k to 25k after tax. I'm self employed. I have been in my current trade 28 years. I would like to get into property, being single I don't mind living in a place I could refurbish. Maybe I could rent my place after improvements? Any ideas welcome considering the current state we
  9. Good afternoon all, With all that is/or isn't happening during lock down I'd like to offer some free help. I'm a self employed project controls engineer which involves detailed project management plans and reporting. This involves building logic based gantt charts, critical paths, manning graphs, cost reports etc. Basically I like planning software and excel far too much! If your current systems would require a second opinion I'm happy to help? I can provide some advice / templates that could improve your current setup. Give me a shout and we can discuss. Stay safe,
  10. Hi I am from Reading and currently going through the Goliath Sourcing Academy training. I have learned alot about property over the last month. I am in the process of putting together my goals formally. My end goal is to build a buy to let portfolio with the aim of earning atleast 7,000pcm after tax. My chosen strategy is BRRR or BR and flip. However I do not have enough capital to source. So my strategy will be to Co source deals with a deal sourcer, use that money to start my own deal sourcing business, use the money from the business to implement my strategy. Therefore if anyone if an
  11. 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
  12. 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
  13. 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!
  14. Hi Everyone, I am brand new to the world of property investment but have been involved in construction all my adult life. I run a Refurbishment/Renovation business in the South East. My goal now is to start a portfolio that will allow me to have more free time. I am keen to learn and eager to succeed but would greatly appreciate any help or advice on offer for someone new to the game. My strategy would be to buy BTL's that require some renovation so I can add value and keep the cash flowing. I am self employed and so is my Fiance although we have equity in our current pro
  15. Hi Hubbers, Out of interest I am just wondering if anyone would use a project manager to advice and assist you in your property investment. For things such as refurbishments and flips. I have offered up free advice and support on here before and I am very keen to help others, however I have had little response. Is this because people feel they can do all of that work themselves, it would be too costly etc?? It would be interesting to know your thoughts. Just for full disclosure I am a project manager in the day job which is why I am so interested. I want to offer people fre
  16. Hi Everyone, So I have viewed & want to purchase a large house near me, it was previously used as a halfway house for under 25's run by a charity. As such it was set up with 6 bedsits, each with kitchenettes & two shared baths rooms, one on each floor. There is also one more bedsit, that used to be the office that again has a kitchenette & its own bathroom. It has a fire alarm installed already, and each bedsit has its own consumer unit. Really it just needs a bit of TLC and decorating to get it back to scratch. My question is, should I keep it the same setup OR do I chan
  17. Dear Hubbers, My partner and I have just acquired a big project... three, actually. They are semi-detached Victorian properties divided into between 4 and 6 flats each. They require a total refurbishment. Anyone know of a reliable builder team that could manage to do all 3 properties at once to relatively strict timelines? We do need quality fit and finish as we intend to hold on to the properties indefinitely. Thanks in advance! CD
  18. Hi everyone, My name is Rob and it would be great if you can offer some advice on my proposed joint venture. I have attached an investor pack that summarises the joint venture and at this point just provides a brief overview. What would be great is if you can critique the proposed offer using your experiences? e.g. does it sound interesting? plausible? Any advice would be greatly appreciated. Many thanks, Rob McCarthy
  19. Hi I am going to need to work with a builder in the Lancaster area to help update and modify some of my new student let properties over the next few months. Any recommendations out there? Cheers Job
  20. I would be very interested in talking to anyone who has experience of flipping properties around the Guildford area (10 mile radius). As per Rob’s suggestion, I’m happy to buy lunch for anyone with experience who would be happy to talk about their successes! Thanks, Charlotte
  21. Hi all I have a Victorian 3 story house in Hastings, bought at auction. It needs a 'full refurb': i.e. new double glazing, new wiring and plumbing, new flooring new kitchen and bathrooms. Anyone have any experience of this area? Is there a good contractor anyone would recommend, past the usual checkatrade and google searches? Or is there a better place to search? Is it possible to advertise the job, and if so, does anyone know a forum? Thanks Mat
  22. Hi guys, I'm based in London and will be undertaking a refurb project up North (Leeds) very soon. I'm looking for all your advice/methods/tips etc- for effectively managing a refurb project remotely (keeping tradesmen on track, quality control, etc). Aware that it'll be a challenge, but any advice from seasoned individuals would be greatly appreciated!
  23. Hi, Just in the process of buying our second BTL property, a two bed semi which needs some relatively light modernisation (kitchen, bathroom, redecoration). It is very old fashioned decor wise and the walls on the stairs and landing are covered in thick artex which we'll want to get rid of as part of the refurb. Just wondering what people's experience is of doing this, I've heard that it can be 'skimmed over' and of course the other option is to remove it and paper and/or paint the walls but not sure what the best way is and what to expect damage wise if we remove it. I
  24. Hi all, I bought a 2-bed flat in Edinburgh, lived in it for a few years then moved-in with the better half who I've now married; so we're living together at hers and I'm renting my place out. Since doing this I've become slightly obsessed with the idea and am looking to build more capital and thus buy more properties. The end goal is to quit my dull accounting job and renovate & let-out property full-time across the UK (and possibly further afield if it really goes well). What I'd love to know from anyone out there who has walked the walk, is how you bui
  25. Hi guys! Nice to meet you all - I'm new here and have a question if you could be so kind to help me out! My partner and I are looking to furnish a 4-bed 'professional' HMO. We've trawled the IKEA website etc. but have heard great things about furnishing companies who assemble/install and deliver packages. Can anyone recommend me any good companies like this, or any advice RE furnishing a property? Like anyone, we would like the best deal, but we know that if we were to source items one by one, this would take too much time... Any advice appreciated! Thanks, E
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