Search results

  1. J

    Looking for sourcer/mentor North

    Hi Jessica, Great advice already but I would add that attending property networking events is also a good start. I believe PIN runs a networking even in Manchester as do PPN. The presentations can be very useful and enable you to narrow down the area you wish to target your investments. My only...
  2. J

    The biggest mistakes made by HMO investors are?

    Research is the key to good property investments. An over optimistic view of the market, cost to renovate, room rates or tenant availability can leave you with a dangerous shortfall. Be realistic and do your research. Never take the view of the estate agent as your only guide!!
  3. J

    Best tenant market?

    Taking a look on Spare Room and check the ads wanted versus ads offered and how long the rooms stay available is a good tip. Check a few different areas no more than 20-30 mins from your house and compare the room rates versus property values. This will allow you to identify the areas with the...
  4. J

    Shall I buy or build a HMO?

    I personally think it is a missed opportunity not to convert a HMO yourself. If you invest in the adequate research for the area, the market and the right property then with a good builder a conversion should not be too difficult. Essentially turning downstairs reception rooms into bedrooms and...
  5. J

    New to hotel room investment

    The contract terms will dictate the way returns are calculated and the actual room selection is only important if the room occupancy is dependant on returns to the investor. However if you have a choice then corner rooms, best views and top floors are always worth selecting.
  6. J

    Question about off-plan investments

    It does depend if you are buying from a developer who exchanges with a deposit and then the balance on completion. Other developers who fund the build with staged payments from purchasers will require a cash pot. The second option often allows a reduced purchase price and then the option to...
  7. J

    Considering buying off-plan

    An off plan investment can be a good way of locking in capital growth during the build phase of a project however this needs to be balanced with scrupulous research into the actual market value of the completed unit, the track record of the developer and the legal pack outlining the terms of the...
  8. J

    Who to use?

    Hi Eric, I would definitely use a solicitor. There may be wider issues with the purchase that you may not have considered and their overall advice will be valuable. I also agree that if you intend to buy long term then a good relationship with a solicitor is key.
  9. J

    Are low base rates driving the worldwide property market?

    I think that the core undersupply of quality homes and a rising population needs to be attributed to rising prices. The base rates are market conditions rather than underpinning factors.
  10. J

    How many times would you view a property before deciding to buy?

    If purchasing a home then the viewings are crucial but for an investment I would be happy to view once. I would spend vastly more time on due diligence for the income and potential development profit.
  11. J

    Have you stress tested your finances taking in future base rate increases?

    The rise in mortgage rates to "normal rates" will be slow and well sign posted. The market could not sustain a quick turnaround. China reporting static growth has prompted discussions of bank weakness. Lets hope those bankers have learnt a few lessons from mistakes of the past!
  12. J

    Crazy prices, £800,000 for a 10 feet wide property

    It is a beautifully designed space, has a garden and a prime location. As ever with property it is all about the detail, I actually don't think it is overpriced when evaluated against the area. I am sure it was sold in a heartbeat. The article was certainly a hype for those outside the London...
  13. J

    Simple Question

    I think the general thinking to buy within a manageable distance from your own home is sensible. Buying property and managing tenants is not always easy. Resolving issues with properties remotely is a difficult task and one which I would not be prepared to risk personally. Local knowledge and...
  14. J

    Reasons to invest in UK property

    In terms of new purchases for BTL's there will be more products coming onto the market which cater for Ltd company purchases, you can see this happening already. The benefits of offsetting the interest relief and taking dividend payments to claim income will work out a much more profitable...
  15. J

    How do you see future performance for the UK property market?

    My ongoing view is that no matter where you live in the UK there will be a good investment within 30 mins of your house. Do your research and make the cash flow rather than the potential future capital growth your priority. In this way no matter what the market throws at you by way of price...
  16. J

    How do you see future performance for the UK property market?

    I am interested to hear your research on Sheffield. I have good contacts with a high quality student developer in the city and we have worked with him to sell a number of his sites. Purchase prices are competitive and rental yields are excellent. Please feel free to get in touch and I can send...
  17. J

    Have you given much consideration to a rise in UK base rates?

    I think that most sensible property investors would stress test sites based on realistic market interest rates rather than the record lows we have experienced for the last few years. In that case profits should still be robust after a return to the 5% average.
  18. J

    Are you looking too hard for the next property deal?

    I would suggest that thorough due diligence and a clear profit forecast and exit strategy will dictate the deal to go for. Gut feel is important but let the figures decide if the site is worth going for and at what price.
  19. J

    What is the best option for investment?

    I would certainly opt for investing in property. The returns from a bank will be nothing compared to the returns available if you invest wisely. I would suggest slowly building your knowledge through simple transactions first. I have to say that buying land to develop from scratch sound a...
  20. J

    Is this a good investment opportunity

    I am interested to know how he is going to pay you the 10%. I assume the plan is to rent out the property to pay the return? Have you gone through the rents achievable in the area and are you confident that occupancy will be high? Due diligence in any property investment is key, don't rely on...
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