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I think you need to really consider your strategy first... what you're describing is a "single let" strategy and it's not very high yielding... if you can find an area where you can buy a slightly larger property an HMO property would be a good starting point as an investor as the yield will be...

I totally disagree with this... very few estate agents are any good at knowing what is a good investment. They want to sell you a property and will sometimes say anything to do that...

Hi Robbie, Bridge loans are only really needed when the property is in-habitable and thus a traditional mortgage or BTL mortgage won't be possible... As you're a first time buyer (in that you don't own any homes at all? or just no investment ones?) then a good strategy might be to buy it to...

Hi Dean, I personally would rather use an interest only mortgage when starting out... this is becuase you can get ore cash flow which will in turn help you re-invest more funds and grow quicker. Also inflation will errode the debt anyway and the rents will increase with time thus allowing you...

Hi Summers, I'd recommend you log onto our YouTube Channell and watch some of the Chat Show episodes on there... we cover lots of different topics. Also checkout www.propertysummits.com which is an educational seminar team of industry experts (including myself) giving honest and authentic...

Firstly unless you're planning on selling it on relatively quickly I'd seriously purchase it in a Ltd Co SPV otherwise you could be hit by Section24 tax at some point if you're building a portfolio (this is where you'll get taxed on the revenue not the profit). I would recommend you get your...

Hi Mike, It is my understanding that currently if you buy a 2nd house you'll pay the SDLT surcharge on that house whether you buy it now or later (as long as you still own a home). If you declare your primary residence as the new more expensive house when you sell your old home then you...

Hi Johan, Glad you managed to catch the Chat Show! I personally now use a Ltd Co SPV for each purchase. Those SPV's are then owned by our header / group company. This structure allows the individual SPV to be sold off if you just want to sell one property (thus not affecting the other). The...

Hi Jay, Welcome to Property Forum firstly! I really respect the ethics behind your model and what you're trying to do here. To answer your questions simply: it is just another purchase and you'd give them an AST. The AST protects both parties to some extent but if your intentions are never to...

Could be worth going to the citizens advice bureau firstly... Then depending on what they say send a final warning letter to both the tenant and the landlord and make it a strongly worded legal letter. After that I’d raise a small claim in the small claims court. This can be done online here...

Networking events definitely have their place and I’d suggest going to as many as you can in your early career and when you’re learning... We also run a number of events throughout the year: www.propertysummits.com Hope to see you at the next event! Sent from my iPhone using Property Forum

Hi Steve, Great to hear you’re ready to go! The most important thing is to get your education on your chosen strategy up to a point. On here is great obviously so feel free to ask specific questions. Checkout the free ebook section in the main menu as well... Get going is critical as you’ll...

Hi Aaron, I’d suggest looking through checkatrade or mybuilder for smaller renovation projects. It’s also always worth drawing up a small contract or getting a very detailed quote as this will cover you in the event a tradesperson messes you about. Getting good trades people can be hard so...

You’re definitely thinking ahead and well done for planning! Essentially it will come down to what a mortgage company will lend you based on your income ratio and the value of your current house at that time. These are other options such as a higher rate 2nd charge loan but that comes at a...

I assume you mean Papua New Guinea...? Not an area I’m familiar with unfortunately but the same basic rules apply in most property investments: - do your due diligence!! - buy in a good location and near transport links and potential renters (if you ever needed to rent it out) - get a good...

I personally think doing a renovation is a good idea as you’re effectively adding value and thus adding to your pot of available capital when you sell or refinance... if you want to be a hands off investor then you’ll struggle to buy more as you’ll tie up all your available cash into the first...

£6k seems high but it depends on what that includes and the price of the property you’re buying through them? If it’s a £5m property then it’s not high... I can help with a lot of business related questions what specific questions do you have? Maybe start a thread on each of the main questions...

For me as you say bricks and mortar are far more stable than stocks and shares. If you’re an investor and thinking long term (which you really should be!) then rents are what you’re worried about. The population is growing and the number of renters increasing so I seriously doubt any impact...

Hi Damian, I like your create thinking here but this problem has two very distinct angles: 1. Tax planning 2. Business planning Now I’m not a tax expert (but I know an excellent firm who are!). But I am an experienced developer with over 15 companies with a £30m portfolio so I’ve had a fair...

Hi John! Great to hear you’re starting out on your journey! Lots of questions there and it kind of depends on many factors including: financing, cash available, location, end goals (investing for yield or capital growth) and may more factors. You need to get some fundamentals in place before...