Property Masterclass - investment special! - Tuesday 26th January 8pm-10pm
Come and learn all about real investors and how they buy
property, using finance, their own money or other people's money!
Good line up as usual. FREE as usual and some refreshments WINE for the
brave non-conformist types....
Urban Village 121 Denmark Hill SE5 8EN - near kings
college hospital and Denmark Hill station Tuesday 26th January '16 8-10pm
Here's the lineup:
explains some advanced techniques for purchasing properties - including
strategies to obtain 100% financing and ways to avoid new stamp duty
increases. Paul has been investing and developing property since 2013 and
has built a large HMO and development portfolio without having to use his
own funds or give up his day job. email@example.com://uk.linkedin.com/in/psimms
Daryl Weston of Discover Property buying agents -
specialists in property acquisition, development and investment. Working
exclusively for buyers, their extensive network of industry contacts
enable them to source the best properties on and off-market.
Last but not least our resident finance guru Brian
Northfield of Barlow Barton. Advising clients since 1974. Has the insider
knowledge on finance and looking after your wealth in general - or at
least striving towards wealth! Brian@barlowbarton.co.uk
Very happy and settled in the new agency. So far we've let
6 properties and have 2 sales underway. It's been terrific. Lots of
positive ideas and plans for 2016. I found a Saturday person, thanks
for your help! See you all on the 26th! Suzanne@urbanvillagehomes.com
“I just love looking over and keeping up to date the 108 pieces of legislation that govern the rental of residential property in the UK”
...No Clapham Landlord, ever
If you are one of the 2,159 Clapham (or SW4 to be precise) landlord’s that manages your own property, would it surprise you to know that there are 108 separate pieces of legislation that govern the rental of private houses to tenants. Oh, and on top of the 108 pieces of law, there are further 300+ regulations in the mix. Whilst Clapham landlords may once have preferred to manage their Clapham buy-to-let properties themselves to boost their profits, many Clapham landlords are starting to see this as a false economy.
In the last four years, an additional 830 landlords in Clapham have converted from self-managed to having their property managed by a letting agent in Clapham, taking the total number of properties under management in Clapham to 3,377 (out of a total of 5,536 private rental properties in Clapham).
I have invested in leasehold properties primarily - an area I would like to think I know a fair bit about, yet we all find ourselves the student still in most parts of our lives. My learning experience was an expensive one when I tried to extend the lease on a property I bought at auction in 2017; the lease took 11 months to extend at a cost nearly double what I thought it was going to be! Sadly this is down to me simply taking a risk too great, and I ended up making very little money on this particular project. I should have risked less, but "you can't win them all" as they say so I used this as a learning experience and moved on.
The other part of leaseholder woes is the excessive charges. Ridiculous charges for things like consents built in to the leases, blatant back hand agreements that Freeholder X uses managing agent Y to manage (and funnily enough the directors of both companies are one and the same), the list goes on...! A good friend of mine Stefania recently h…
All too often are those words spoken... "it's a great investment, right?"
"Well, buying a new build is hardly going to give you the best rental return, let alone capital appreciation..."
"But it will go up eventually right?"
That is true... property, most of the time, appreciates if you give it long enough. Time to revisit a nifty article I wrote a while back (High Yield HMOs vs Low Yield New Build) to dig up a graph that I made to demonstrate this exact point. The point being that you pay for the "shiny factor" in the new build, or newly refurbished home.
Now there could of course be a multitude of reasons to buy a new build or newly developed property. Time is the primary one of course. Those with busy jobs cannot afford to invest the time into sourcing new bathrooms, flooring, paint, dealing with tradesmen and so forth, that much is true. Money is another. In the case of first time buyers using the help-to-buy scheme they can only take …