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  1. Greetings, My first post (well done me). Basically, I'm beginning to explore new possibilities in property development, but not BTL - I have 3 that’s enough thanks - along the lines of converting a house into flats or possibly a new build, but realistically, perhaps something a less ambitious like an loft conversion or extension (value add) to begin with. I’m here specifically, looking for… Clarity about what is viable in terms of a managed project, i.e, can I buy a property/land and contract a project manager and still see a return that makes it all worthwhi
  2. 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
  3. 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
  4. Hi All, New to the forum and looking for some insight into what my chances may be of securing a btl mortgage in limited time, So to cut a long story short, I have purchased a flat in auction just on Friday 28/2/21, yes I know it's crazy but I haven't physically seen it. I was outbid on the actual auction, however it didn't meet the reserve so didn't sell. A week later I get a call, it's still available and being offered to me below the reserve before it's back in auction a week later, I make a lowball offer which was refused, I then offer to meet half way to the sellers asking price
  5. Hi Property Hub members Having recently joined Property Hub I wanted to take this opportunity to introduce myself. I live and work in London and have had a keen interest in property and property investments for several years now. So far much of my attention was on purchasing and refurbishing my own home in London. Now that this is done, I would like to take the next step and invest some of my savings and recurring job income into BTL property. In terms of strategy, I am looking for BTL investments with a yield above 5%. That rules out most of Southern England. So I am planning to inv
  6. Dear Property Hub community, My name is Luis, I'm a Spanish Construction Engineer that has lived half of his life already here in the UK. I'm passionate about property investment, for now I've done mainly buy to lets and a couple flips. I'm MCIOB, so charted construction manager and I've got my own small design and build company in partnership with an architect and a Surveyor. I'm also working my way into becoming a residential valuer through RICS. almost there, but not just yet! I would be very happy to help anyone interested in investing in property so I can learn a
  7. Reintroducing myself, I am Jo, an ambitious woman in the world of property. I am a trained designer and qualified project manager, hoping to form a joint venture with serious and interested parties for the Manchester region over the coming months. Short term goal is to raise enough equity to start tying down equity for long term growth and gain some financial freedom prior to venturing into other opportunities. I already own a BTL property in the Manchester area which has done pretty well over the last couple years, but I am ready to start tackling some larger, challenging and shorter term pro
  8. Hello All, I have been working my butt off for the last two years on flips in the South. I work a 9-5 and have carried out nearly all the work myself, so i have learnt A LOT. Luckily the flips have been really successful and I am now in the fortunate position where i am able to withdraw some of the profits from those flips to invest in BTL properties. The next step is completely new to me. I want to keep my 9-5 (for the time being) and find BTL properties up North with decent yields but i am more focused on long term growth. Two questions; should i be looking at areas
  9. Hi all - nice to meet you via the forum. I’m Whitney and I’m based on London. I have 10 months left of my maternity leave and now have the opportunity dedicate time to put together a long term strategy on starting a limited company in property business. A bit of context: Seven years ago a relative asked for advise on how to get young professionals (like myself) interested in their rental property. On visiting, I advise him to renovate the property so it would appeal to his desired tenant. Surprisingly he asked me to run the project and then fill it with tenants. Six months late
  10. Pleased to meet everyone, below is my introduction (following Rob D’s best-practices), So far in property I have been accidental landlord for about 7 years after moving into my partners home. Following my father’s death in 2017, I sold the South London rental flat to retain a family house and support my mother’s care home costs. My mother had mixed dementia and sadly passed away last December (2019). The family house I jointly owned with my mother has remained dormant since she entered a care home in 2017 – anyone who is familiar with the UK social care system in respect to dementia may
  11. Good Afternoon all, I am looking at buying at auction renovating and selling on to build up my pot of money so I can start my portfolio and eventually mean I can stop working. Whilst doing this I will only be working part time and will aim to get each property completed in approximately 4 months, has anyone come across any issue when selling a property in this speed as I know quite a few mortgage companies won't agree to a mortgage for the buyer if it has been previously sold within 6 months Thanks in advance Sam and Kirsti
  12. 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
  13. Hello PropertyHub Community, I've spotted a property in my local area which has been on the market since August '18, listed for £55k, and is currently of vacant possession (I believe the former owner has recently deceased). The property requires a cosmetic refurb, with complete modernisation (including kitchen, flooring, repainting etc.) though nothing 'too' heavy. Sold comparables in the area are more like £75-£80k, so it looks as though there's money in the deal, and it looks to be a great opportunity (has the right fundamentals, location, schools etc. etc.). However.......
  14. Hi there History I have got hold my hands up and say I have introduced myself before on here and then been caught up in a Tornado of life/renovation and moving house and haven't been back on the forum, so apologies first of all for not replying last time to anyone who messaged. I really would like to get involved on the forum as I know how much help and information is on here. I am on my third own home renovation and also just completed my third flip/buy to sell property. Last time I was on here I was living in a different area (Oldham) but have now moved closer to family where
  15. Hi All, I've done a refurbishment befpre and was fortunate to have made on that one £29,000 - Question is, I know i have £52,000 cash aswell as owning a residential property. I'm only 24 so a bit new to this but been researching and reading everything I can so ready to make my next project. Question is: Should I buy a house for £40-50k cash. Then get a loan of £20k to refurbish the house. Or do bridging then use remaining cash to refurb? I know bridging can be interest heavy so my idea of cash is cheaper and then a loan can just get a flexible
  16. Hi everyone, I'm about to buy my first flip and have been busy getting quotes from the trades. Using a contractor is out of my price range so I'm going to have to employ the individual trades separately but I'm completely new to the refurbing process and don't really know what order everything needs to be done in. The house needs a complete refurb (it needs central heating putting in, a partial rewire, new bathroom, new kitchen, plastering etc.). Does anybody have a project plan type thing that they would be willing to share with me please or just any advice regarding t
  17. Hi Everyone Long time reader but first time poster looking for advice about a potential career change. Bit of background on me... currently working as a project manager for a consumer goods company and have 3 years project management experience in a business setting. In property terms I project managed my parent’s new build home and so far one project of my own; the extension and renovation of my current property which I’m in the process of flipping. Fallen out of love with the 9-5 and want to take my property ambitions full time. Until I can build up the ca
  18. Hey everyone! Becoming increasingly keen on an investment property in Leeds. We want to go for capital growth rather than a good yield and looking for advice on main areas of Leeds to focus on - whether that be new builds or we do have the resource for refurb projects if it will actually add value in areas that are likely to grow. We can't decide whether to go for city centre flats geared for professionals, or a larger property potentially for student accommodation. Have seen lots of lovely new build flats in the centre, but they seem expensive compared the rest of
  19. Hi all, Up until now I've been following a simple slow and steady investment strategy of buy properties in my local area and letting them out and every few years remortgaging to free up the equity to buy additional property. The problem is that I live in the South East and the yields are pretty poor (At least relative to many other areas in the UK), and having ready Rob Dix book (Complete Guide...) and listened to The Property Podcast I realised that we should be doing much better. What I'd really like to do now is use a Buy Renovate Remortgage (BRR) strategy so that we
  20. Hi Everyone, My name is Bryony and to my great relief found The property Hub and podcast around a month a go. I've been busy currently working on renovating a 2 bed mid terraced 1930's house in Nuneaton. I worked in the power tool industry for 13 years and left early 2017 to follow property full time. I currently have two BTL properties in my portfolio (9 and 7 years respectively) and recently sold a third to fund my first flip.... although perhaps I should convert this to a BTL and release the equity!? It has been a steep learning curve over the
  21. Hello Guys, I haven’t posted for a while. My property journey has now progressed and we have had an offer accepted on for our first flip. Evans-Houlton Developments was born at the beginning of February:) We are looking to purchase properties to renovate in Chesterfield and Sheffield. Would be very grateful if any can suggest property sources or pass along any leads. Thanks, Ashley
  22. Hi, I am an investor and have a small portfolio in the area where I live in the South East, and after months of deliberation I have decided to take the plunge, expand, and buy a more affordable property in Liverpool. I have some viewings lined up for tomorrow and I have also arranged to meet a builder who worked on 3 properties for another investor last year, whose details I received from an estate agent. Can anyone recommend any companies or builders to project manage/carryout the works, or any tips in general. Any comments would be appreciated. Many thanks. Andy
  23. Hi everyone, I joined the property hub quite a few months ago but never got around to saying hi (two children and life do that ! ) We have bought and renovated two family homes that we have lived in and are now buying our third. At the same time I have just bought my first investment property at auction last week! arrrghhh ! It used to be two terraces but has been made into one property quite badly I may add! I am looking to convert back to two properties and sell both on. (maybe consider renting one out?) I'm looking to flip the auction property but am also curre
  24. Hi all, Looking for advice from people with experience in making BMV offers for flipping as this will be the purpose of my first project. What I'm really trying to determine here is a realistic conservative value for the below property example. Until I come to a clue I can't begin coming up with an offer price and sourcing potential finance options. Any opinions or just general advice to make the determining value process easier will all be welcome and greatly appreciated. About the property: Located in the town I grew up, on a street within two minute walk
  25. Hey folks, I'm about to commence with a slight refurb project in my office. The floor is in dire need to get replaced, so I'll do just that. There's also going to be some repainting and decorating included in the project. We get about 100-150 customers per day walking around, so it should be something that can handle that. I'm open to any and all suggestions. Thanks in advance, Robin
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