M
MCPI_Ltd
New Member
I’m new to the forum so though it best to start with an introduction. I currently work through my own limited company providing power solutions to the UK Rail Industry. I kind of fell into the industry and the rates of pay a significant so I ended up staying there, although I wouldn’t say it’s my passion! I have always been interested in property investment/development as my father was involved for a number of years, albeit on a small, local scale but never really had the capital to get involved.
I have owned properties before that I have lived in, however, I am starting my journey into the buy-to-let, property development world and though I’d start a thread essentially documenting my journey. What I’ve noticed is there is a lot of information out there from millionaire/billionaire developers and investors on their methods and somewhat advanced capital investment techniques such as JV’s, “no money down” etc etc, however I don’t think these are applicable to you “man/woman on the street” who’s just starting out and investing for the future so I wanted to start writing about “traditional” methods of getting into the business in the hope that it can inspire/help/guide other people and they can learn from the many mistakes I’ll probably make and also the successors along the way.
My short to medium term goal is to purchase properties, add value and then put them into the rental market with the objective of providing quality properties of the highest value. By that I don’t necessarily mean the highest market value, although that is obviously a consideration but coupled with that, I mean the value that the properties will offer to their inhabitants, the tenants. I want to be able to offer properties that are finished to a higher spec than would normally be available at their certain price point, giving the tenant more value for money, a quality place to live in the hope of achieving word of mouth recommendations and happy, long term tenants.
The way in which I aim to achieve this is by doing the majority of the work myself, eliminating the extensive labour costs that can be incurred if you are not willing to do the work yourself. Again, this is going to increase the development time of the properties but will keep costs down. Plus, I like to get my hands dirty with these kind of projects.
It’s obvious that the above is not a get rich scheme, but again, that’s not my objective. I’m in the fortunate position where I can invest my earned capital in properties and based on previous data property prices go up, some quoting doubling in value every 10 years based on historical data so in the long term, as a pension plan, I’ll make my money. In the short term, if I can give a better quality of life to my tenants at the expense of losing a little profit, I’m comfortable with that.
I hope I’ll be able to get on here regularly and I can call on the wealth of knowledge here to help and assist and where I can help and assist some of you.
I have owned properties before that I have lived in, however, I am starting my journey into the buy-to-let, property development world and though I’d start a thread essentially documenting my journey. What I’ve noticed is there is a lot of information out there from millionaire/billionaire developers and investors on their methods and somewhat advanced capital investment techniques such as JV’s, “no money down” etc etc, however I don’t think these are applicable to you “man/woman on the street” who’s just starting out and investing for the future so I wanted to start writing about “traditional” methods of getting into the business in the hope that it can inspire/help/guide other people and they can learn from the many mistakes I’ll probably make and also the successors along the way.
My short to medium term goal is to purchase properties, add value and then put them into the rental market with the objective of providing quality properties of the highest value. By that I don’t necessarily mean the highest market value, although that is obviously a consideration but coupled with that, I mean the value that the properties will offer to their inhabitants, the tenants. I want to be able to offer properties that are finished to a higher spec than would normally be available at their certain price point, giving the tenant more value for money, a quality place to live in the hope of achieving word of mouth recommendations and happy, long term tenants.
The way in which I aim to achieve this is by doing the majority of the work myself, eliminating the extensive labour costs that can be incurred if you are not willing to do the work yourself. Again, this is going to increase the development time of the properties but will keep costs down. Plus, I like to get my hands dirty with these kind of projects.
It’s obvious that the above is not a get rich scheme, but again, that’s not my objective. I’m in the fortunate position where I can invest my earned capital in properties and based on previous data property prices go up, some quoting doubling in value every 10 years based on historical data so in the long term, as a pension plan, I’ll make my money. In the short term, if I can give a better quality of life to my tenants at the expense of losing a little profit, I’m comfortable with that.
I hope I’ll be able to get on here regularly and I can call on the wealth of knowledge here to help and assist and where I can help and assist some of you.