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Found 5 results

  1. I've just joined the forum as my business partner and I start our property investment journey together. Living in Leeds and looking to source properties for rent to rent, specialising in all year round serviced accommodation for young professionals and NHS workers. Any advice would be very welcome and greatly appreciated. Thanks all LR
  2. Hi everyone, I’m Elliott. I’m a newbie to property investment but am 100% committed to building a passive income for me and my wife that will give us more time to do the things we love. I made the decision to return to education as a mature student and graduated from Portsmouth Uni last year with a degree in Property Development which gave me a great ‘textbook’ insight into property investment, so I am now trying to absorb as much ‘real life’ information from podcasts, books and the PropertyHub as possible. Living down in Southampton, my short term strategy is to initiate a Rent to Rent portfolio to help build a cash pot for my own investing. Long term my goal is to steadily build a portfolio of BTL and HMO properties to replace my salary as a Construction Manager. Appreciate this isn’t the most exciting introduction as I have no properties to my name, but I am keen, eager and love talking all things property. I’m new to the forum but if anyone has any advise or hints for starting out, particularly regarding Rent to Rent or investing in or around Southampton area, I would love to hear from you. Many thanks, Elliott.
  3. Hi everyone, So I'm looking to get a standard letter ready to send landlords about the possibility of rent to rent. I need a bit of help with what/how to word the letter the best way possible. Can anyone help me with this? Thanks!
  4. Hi all! First off, l hope everyone had a great Christmas and NYE. I wanted to get a bit more information about R2R, as far as I can see it's deemed a bit of a taboo subject. Through the various threads I've read about it, people seem to view it as a get rich quick scheme but I wanted to see if it's more than that in reality. If you don't know what rent2rent is I found this article that sums the basics ups perfectly - Rent 2 Rent – find a large property that could be rented on a room by room basis and rent the property from the existing landlord on a whole house basis. The landlord gets the benefit of a guaranteed, single, long term tenancy to you at a reasonable rental value. You get the ability to rent out each room individually, usually converting the receptions rooms to gain additional bedrooms, and taking the difference in room by room rent, less expenses and the rent agreed with the property owner as your profit. Detailed knowledge of the area is required to know what type of property would be suitable and profitable for you, and what maximum rent you can afford to pay for the property to still make your own margin. After reading this I felt a little confused, why would the LL allow someone to do this and profit when they could just do it themselves? The only reason I can see someone doing this is if they're extremely time poor and just want an armchair investment with a steady guaranteed income. It seems like it could actually work for both parties but it would take a fair amount of effort for the tenant to fill the house with tenants! Anyway, I just wanted to see if any of the hubbers had anymore information about this, or in fact divulge in rent2rent themselves. If so I would be grateful if you could try and answer my below questions - Isn't this illegal as most lenders would need you to have an HMO license to let out individual rooms? Who pays for the work that is essential for having an HMO? i.e fire doors etc.. How many rooms should a house have to make it suitable? I would imagine 3-6 rooms and then try and convert living space if possible for additional income? How do the letting agents react to this and how should you approach them with this offer? Apologies about the bombardment of questions, I would just be interested to see if this could be a legitimate way to build an income without putting down a hefty deposit or not. Thank you for your time and I look forward to any replies. All the best, James
  5. Hello! So I'm a 24 year old that's been a little bit obsessed with getting involved in the property market for the past 3 years or so. I've had decent jobs, I've been travelling for the past year and now I'm back in the UK ready to 'start my career'. I've managed to secure a really good graduate scheme which I will start next week. Now the initial plan was to buy my first home within the next 8 months of working, live in it, do it up, move onto another home and turn this first house into a rental. Great. But this takes time and money. And I'm impatient and have little money (travelling for 10 months instead of 5 will do that to you). I've listened to the recent podcast Rob Dix shared talking with petra about her rent-to-rent business. I didn't even know this was a thing! I've watched hours of webinars and read so many articles and really feel like this is something I could get involved in. You need little start up money. You need the drive to do it. A lot of profit can be made with the conversion of a home to a HMO and I feel I understand the student and young professional market enough to do that. Now here is my dilemma. This would be my first actual step. My first leap into the industry. I'm forever doubting myself on my knowledge so I thought I would come here to seek the answers I think I already know. I'm looking at properties in the Manchester area, outside of the city centre, either Salford or adjacent to Oxford Road for the Student/Young Professional market. I am on rightmove constantly and can't believe the amount of properties that are 'Available now!'. Does anyone have any insight as to why this is? Is it just that the demand is there so it's a thriving market, or is it the opposite and properties aren't renting any more? If anyone has any words of advice or can give me a kick up the backside to actually take that leap then please send it my way! Thank you all! Emma
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