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Found 39 results

  1. Hi everyone My girlfriend and I live in switzerland and we are looking at a Recycling Cash strategy (buy below market value, refurb, refinance with a higher mortgage) to get started in property investment. Since we live in Switzerland, this will probably just be doable through a sourcing company. Therefore: Does anyone know a sourcing company that sources good deals and also manages the refurb process legitimately? I just had a quick glance at 1-2 companies who do this but their websites didn't give me the kind of trust you want to have when doing something like this from abroad. Unfortunately propertyhub themselves do not offer this kind of services... Thanks for your advice. Regards Bernhard
  2. Hi all, I'm looking at starting off in property by sourcing. The theory is that I'll be wanting to source my own deals anyway, so while I'm building cash reserves I'll learn how to find and negotiate deals (and it will help in building the cash reserve). My chosen area of eventual investment is about 1hr drive from where I live. So my question is: should I start sourcing in my local area, or in my chosen investment area? I didn't grow up where I currently live so I'm lucky that pre-existing area knowledge is not a factor Pros for local: - less travel time - will be able to view more properties - will make it easier to connect with investors Pros for afar: - will build local knowledge in my actual investment area - can carry over connections from sourcing into my own investments What do you think?
  3. Hi all, I'd be grateful for some guidance on investing in Liverpool (120k max budget) probably through a sourcing company. My story: I have 3 properties all in the southwest, am remortgaging to release equity and hope to have about 30k to invest. As you can imagine this won't stretch very far in the areas I'm familiar with (Bristol, Wiltshire) so now looking to broaden my horizons. I studied in Liverpool in the early 2000's, loved it and hope that I'm now in a position to invest. Complications: I'm in the military and have just returned from a couple of years overseas so am a little out of touch, for various reasons I'm also unable to devote much time to searching beyond getting on right move, so will likely need a sourcing company (or a lot of advice) to pick the right property. Ideally I'd like a fire and forget, already tenanted and managed property with a good yield (wouldn't we all!), I realise that not being able to devote much time to the endeavor I'm not going to get the deal of the century, just need a reasonably good one to keep my strategy moving in the right direction and not lose momentum. Preconceptions: Having had a scan of previous topics on the forum and a good rummage through rightmove and zoopla it seems there is plenty of opportunity. I don't think I'm likely to get in on any city centre locations, but Wavertree/Dingle/Kensington look promising. I'm not keen on the idea of student accommodation and not averse to, but have no experience of, benefits tenants Would like to aim for a 2/3 bed professional or family let. Questions: Where have people invested/recommend investing? Is it worth going for 2 super cheap properties in less desirable areas? Any advice on sourcing companies? Have been recommended Property Sourcing Liverpool, but not found much online in the way of testimonials etc and a bit nervous about throwing money down the drain for a poor service. Do I even need a sourcing company, or is the Liverpool market such that I could I do a thorough online sift and view a few properties in a day? Been in touch with RMP, but unfortunately can't get to London to make it work anytime soon. Aims - Would sacrifice some yield for potential capital gain over the long (ish) term, plan to hold all properties for the long run. Really appreciate any pointers and if I can help anyone with any advice on my neck of the woods, please let me know. Thanks Adam
  4. 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
  5. 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 property our employment status has limited our lenders. I would love to hear if anyone has had a similar situation or any advice on getting started. Thanks in advance. Scott
  6. Hi everyone. Thanks for having me. Looking at properties I've managed to accumulate several per week that have very good potential profits attached to them. Currently my capital is tied up and I'm currently in a JV so I'm passing them on but I'd like to become compliant. Would anyone know of the process and procedure I'd have to undertake to progress to becoming a compliant sourcer? Thanks everyone
  7. Just wondering along with the normal zoopla and rightmove etc apps, what are the best apps people have found for property? In terms of education? sourcing? law? tenants, tradesman or even property games? Looking for some other ways to better my education from my smartphone. cheers Phil
  8. Hello all, I'm new to the property hub! Well, I actually joined a few months ago but have only recently started using the hub to it's full potential after reading one of Rob D's books. I'm originally from Scotland but now based in Ireland and focusing on the Dublin market, which is absolutely booming at the minute. A wee bit about me below, what I'm doing, how I can help you and how you may be able to help me: I've been in the construction and property industry for over 13 years. My key focus is on my 2 business' - sourcing and HMO's! Currently investing in Dublin but seeking to move in to the Belfast markets with a keen eye on my former homes in Glasgow and Manchester. In the future my plan is to build a property portfolio in Ireland and the UK. I can help people with sourcing good value property deals and managing refurbs in Ireland and the UK. You can help me with my search for a new financial joint venture partner to help increase the amount of HMO deals that I'm doing. Thank you for taking the time to read and thank you to the Rob's for all of the fantastic free content! Gary
  9. Hi everyone. I am keen to get started in my investing career. Before I begin purchasing investments for myself, I am aiming to source deals for other investors. I would like to know more about property sourcing as I am very much a beginner. A few things I would like to know include: - What information should I gather from potential investors? i.e. areas they are interested in, types of houses/flats, number of bedrooms, strategy. - What do I need to budget for? - How to avoid being cut out as the middle man when the investment opportunity has been passed on to the investor? - Should I seek professional advice regarding sourcing as an individual or as a company? - What professionals am I required to use? Thank you in advance Adam
  10. Hi, My name is Dan. I have recently started a ltd company and am looking for recommendations for sourcing companies, investors and bridging finance companies. For the experienced investors... - what would you do differently knowing what you know now? And That you wish you was aware of when you started your journey? Thanks in advance Dan
  11. Hello, I'm looking for someone/company which could help me with sourcing for my client - we are interested in commercial (office) properties in home counties. As the radius of the search is now much bigger than what I used to do, I simply have not enough time to source them myself. I'm an architect, so I literally need info on the deal, ideally with some floorplans. All the assessment is done in-house. Let me know if you know anyone great, or if you're doing anything similar! Thank you, Magda
  12. I'm looking for "all in one" firms who can source properties and implement and manage the refurb or conversion work for HMO's 2 to 8 Bed. Looking for recommendations from the group for firms who operate in the North West of England...
  13. Dear all, I'm quite new to investing in distress properties but looking at making it my primary strategy to either flip or rent Now hesitating between using sourcing agent (time saving) and making low offers on old deals still advertised (aka 12months+) Have you guys made an offer below sourcing agent deals? or are we forced to stick to the proposed price negotiated by the sourcing agent? I'm looking at areas between Manchester and Liverpool (should that make any difference?) Thanks a lot in advance for your valuable feedback! Damien
  14. Hi hubbers A broker is telling me that if I buy a property via a sourcer the lender will charge higher rates and a higher arrangement fee. The additional costs seem to make sourced property un-investible. Anyone have any experience of this? Mortgage in a ltd company. Thanks
  15. Hi all, I'm looking to start expanding my portfolio after being an accidental landlord for the last few years, but am struggling with sourcing purchases. Have gone through through the training on thepropertyhub and propertygeek websites, which both have been really useful, but am still wondering if the properties I'm finding are good choices and what I should be paying for them. I came across Susannah Cole's website thegoodpropertycompany after listening to her interview on the propertygeek podcast (which I really enjoyed and can happily recommend btw) and have seen that she does a workshop in Bristol entitled "Sourcing Discounted Deals". I wondered if anyone has attended that and whether they would recommend it? Or if people have any other workshops, books, podcasts or even general advice on how to improve my sourcing skills I'd be grateful to hear from them. I appreciate it is probably just fear that is holding me back, but I am hoping with a bit more education and guidance I can overcome that and take those first few steps. Thanks all, Nick
  16. Hi fellow hubbers, since Feb we have a meet up in Zurich and I have met already a lot great people. What struck me is the commonality in a lot of the challenges we face as remote or expat investors and the variety in strategies. A lot of the challenges are around mortgages, tax and finding the right team (sourcers, mortgage broker, accountant/tax advisors, lawyer etc.) My personal challenges are How to find expat mortgages not being a British citizen Shall I invest in a company/how can I set up a company How do I find a good deal? What are good sourcing company? Establishing a team that has experience dealing with expat investors? Ways to build up deposit? To start with I was thinking as an expat investor you can't do complex project and need to have a hands off strategy. Through the meet ups I learnt that is just my thinking and limitations I have put on myself. The range of project people are managing from a another can be very complex incl. buying properties, changing purpose and creating large HMOs. It is fascinating to hear the story and learning from it. If you are curious come along to the Zurich meet up or any other meet up. If you face challenges or have found solutions as an expat investor I'd be happy to hear about it.
  17. Hi All, Looking for a property sourcer in the North West i.e. Greater Manchester area but not limited exclusively to this area. I am an existing BTL landlord with 5 properties, two of which are HMO. Just started my first buy to flip project. I'm not resident in the UK for long periods so need a reliable company/individual for 'hands off' investing. More interested in the 'buy to flip' than retaining properties at this stage. Please note: I'm not interested in signing up for courses! Cheers Paul
  18. Hi, has anyone worked with an individual or company who sources properties that need renovation (i.e. to flip) in any of the following areas?: - Northamptonshire - Cambridgeshire - Bedfordshire I'm struggling to find a sourcer who works with people looking to flip properties rather than BTL. Thanks in advance, Abby
  19. Hi All, I love property but am still not in a position to buy. I am really keen to do something in property especially if it can help me raise capital. Recently went on a property course and they talked about Sourcing Property as a career and a potential of earning around 3k per property on completion. Is this anyone here has done? How would I get into this line of work? Does it require being a way from home a lot of the time? Thanks, Fer'ha
  20. Hi All, I love property but am still not in a position to buy. I am really keen to do something in property especially if it can help me raise capital. Recently went on a property course and they talked about Sourcing Property as a career and a potential of earning around 3k per property on completion. Is this anyone here has done? How would I get into this line of work? Does it require being a way from home a lot of the time? Thanks, Fer'ha
  21. Hi All, My property company is currently registered with the following SIC codes: 68100 - Buying and selling of own real estate 68209 - Other letting and operating of own or leased real estate I intend to use the company also to do some property sourcing. Can anyone advise what SIC code would be appropriate for sourcing, my current thinking is that it would be 6831. Here's the description: 68.31 Real estate agencies This class includes the provision of real estate activities by real estate agencies:- intermediation in buying, selling and renting of real estate on a fee or contract basis- advisory activities and appraisal services in connection with buying, selling and renting of real estate, on a fee or contract basis- real estate escrow agents activities Any advice would be greatly appreciated. Thanks!
  22. Hi there hubcats, how's it going? I am doing quite a bit sourcing for various investors up in Manchester these days. I drive up from where I live in North London a couple of times per month and camp out in airbnb flat for 2 or 3 nights while I view lots of properties. The driving can be quite exhausting and it makes my job harder. If there is anyone out there who can drive and would like some free mentoring maybe we could skill swap? - Free food and accomodation - A chance to learn my sourcing process - A chance to learn whatever else I can teach you (check out my bio to s ee what I am all about). Thanks for reading, Nick
  23. Hi All, I’m new to the excellent forum here, but have been investing in property for 15 years so have a fair bit of knowledge, partly learnt from my own experiences both good and bad (Spain, Bulgaria!) and from the experiences and ideas of others. I left the UK 10 years ago and now live and work in a ‘normal’ job near Zürich in Switzerland. The property market here is very illiquid, laws very tenant orientated and properties very expensive (a 2 bed apartment in the town I live is minimum £700k) with a 20% deposit required. Due to these factors I am focusing my attention again on the UK. Other than rental income from my 2 current btl properties in the UK I have no (UK) income, so as I see it I am as a UK expat less affected by the tax changes than I would be as a salaried UK resident. I am in the process of buying a 3rd property in Manchester which I will have in my name rather than in a ltd company. I was wondering though, even for an expat, where the threshold is for this and at what point it makes sense to put property into a ltd company. Does anyone know of a simple tool / spreadsheet to assess this? As I now have a fair bit of cash saved from working abroad, this is something I’ll consider before buying another few properties in the near future. I suspect however even with around 7 properties and income around £40k it would not be worth it. One disadvantage of being an expat investor in the UK is of course mortgages. There seems to be very few expat deals on the market and as such the rates are uncompetitive. Nevertheless it still seems worth it to get a mortgage even though I could do some cash deals. According to my maths whenever the interest rate is less than the net yield of the property (also factoring one off mortgage costs) a mortgage makes more sense. Whenever this is the case it seems from my spreadsheet that the bottom line ROI is better. Anyone with good leads for expat mortgages on £100k ish property please get in touch :-). Another disadvantage being abroad is of course the ability to source properties. I will have a call with Matt from RMP to discuss this next week. For me looking on the portals for property is now no longer an option. I see for someone in my position (or who is otherwise very busy) lots of value in paying someone to source property deals and as has been discussed elsewhere by Rob and Rob, the cost of this can ultimate save and make you thousands. Ultimately with the power of the internet, I can do very good due diligence remotely even when offered a property in an area which I do not know. I can get a good estimation of the value and then only need to send round an independent person to validate detailed aspects such as the condition of the property. So any good property sourcers out there, feel free to get in touch…! Looking forward to more good discussions on the forum. Regards Iain
  24. HI All, I'm an Oxfordshire-based property investor with a few years of straight forward buy to let investment behind me. If you're interested in someone to help analyse your investment, I'm happy to help as I'm very comfortable with numbers. I'm keen to connect with folk you know are property sourcers in the area or simply those who are active investors who are happy to share their stories with this newbie. My aspiration is to get into purchase and refurbishment of HMOs in the Oxfordshire region but also properties in growth areas out of this region. All good wishes, TS
  25. Dear Property Hub Members, I would be grateful if someone could recommend a Manchester sourcing agent, suitable for sourcing a small apartment block, or property with multiple individual units, budget c. £800,000. Thank you A.O.
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