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Showing results for tags 'rentals'.
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Hi all, My name is Sehar and I am a novice in property investments! I'm in the process of buying a property which I quite like, but the only problem is that it's located on a dual carriageway. I've gotten comfortable with it on the basis that other things about it are quite positive - (square foot, close to tube, first floor, long lease etc). I've even spoken to estate agents in the area to ask about rental income and the responses have been 50:50, i.e. 3/6 said there wouldnt be any problem achieving the yield I'm looking for and the other half have warned me to stay away as it could be difficult to get it tenanted. Can someone please share any experiences they've had with letting properties next to a noisy (also polluted!) road? thanks in advance Sehar
Hi everyone, I hope you’re all safe and well. Exceptional times. I’m hoping to start a property business in 2021, ease out of corporate life, and permanently move to the coast. I already have a flat in London and a small cottage in Dorset. I’m trying to evaluate whether to start a holiday lets business or stick to standard rental model. Does anyone have any insight on the pros and cons, or insights into the comparative financial performance of these two models? Or has anyone looked at the two approaches and can share their decision. Any advice would be gratefully received. Stay safe. Sam
Family home or property to rent out first?
billygrant posted a topic in Mortgage AdviceHi i am looking In to getting a mortgage on a property to rent out after a year, however I am also going to be need to buy my own home in 2/3 years. I am after some advice as I’m wondering would this affect the amount I’m allowed to borrow for my own home. Would I be better of getting a family home first and then a rental property a year or so later. Thanks Billy
Managing property now moving to the next step
Whitney B posted a topic in Introduce yourselfHi 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 later, after a slash of paint and adding in some new furniture, the property was filled and he was getting an increase of £800 a month. Since then I have continued to mange the property /tenants, I have fluffed and buffed two other rental properties (based on his recommendation) and currently working on another relatives rental property. All properties have been able to increase either rental income or the property values (one it has been both - it’s currently being valued at £475k). I realised about a year and a half ago that I have a bit of a knack for this and want to look into doing it for myself (as well as for others). So now I have some free time, I am very interested in setting up a Limited Company offers multiple services (starting with fluff and buff projects for landlords looking to increase their rental income or property value). However, the mid to long term goal own a portfolio investments/property alongside - mostly including renovations and developments to either sell or rent out. I would love some advise about how to start?, what I should be doing to build my network? And opinions on if this even do able in the current market? Or any opportunities to work with others. In a nut sell: How do you want to work in property? Offer a renovations service to landlords looking to increase value, with an aim my own property to fluff & buff so it can be sold or rented. How much do I have to invest? £2,500 - over five years experience of small renovations, finding and managing tenants and overall project management. What time to do I have? Currently twiddling my thumbs. However, back to work beginning of next year. I enjoy my demanding job, as an Event organiser within the music industry, so I am looking to use my property skills as an extra income for now. Plan for the next 3 years? To have a minimum of 2 buy-to-lets and a minimum of 3 fluff and buffs completed. Again really enjoy my job so interested in working collaboratively or working on projects that offer a quick turn around financial and time wise. I look forward to reading other threads on the forum. Please get in touch - I am open to advice, opinions and opportunities to work with others. Kind regards Whitney
New 25yo property investor
davide_cirillo posted a topic in Introduce yourselfHi there! I'm Davide from London, I've started my property journey 6 months ago by watching Webinars, reading books and networking with people. I now have just put my first rental property under contract , the property generates a cash on cash ROI of 13% and it's in Portsmouth. I can offer help with finding good deals and analysing properties, also can recommend a great mortgage broker. What I'm looking for: - Great deals in the Midlands and South England - Investment partners for collaboration on projects - Contractors recommendations for a fixer-upper project (BRRR) It's great to be part of this community and very nice to meet you all. Davide