Video 18/30 - Making Money from "Sitting" tenants!

Have you ever heard that phrase - "sitting tenants"? Well it's a pet hate of mine when someone misuses it, but you can spin it to your advantage. Here's how!

Excellent investments are in my blood! I find more deals than I can buy myself, so if you are keen on expanding your portfolio then you have to register here for me to send you deals straight to your inbox. WeSourceLondon.Properties is my new outlet for deals that I can't do, primarily because I'm hitting the ceiling of angel investment I am able to raise. So there's two things you can do: 1. Become a property owner yourself and let me source you a deal or 2. Part-fund one of my projects! Get in touch to learn more.

Investing Tips - Video 17/30 - Qualifying Tenants

Have you ever done a viewing with a tenant and left facepalming yourself? Surely it's easy to remember to ask them about move date and whether they can afford it? WRONG! We all forget to do the basics sometimes but here's a video that will help!

Some may say I can sniff out a good deal. Well perhaps. If you want to know about every good buy to let property that comes my way then REGISTER HERE! My company WeSourceLondon.Properties will deliver turnkey investments straight to your inbox. I'll source. I'll manage the brokers, solicitors, builders and ultimately get the property let and managed for you at a preferential rate. But it all starts here!

Video 16/30 - Bridging Finance!

You'll have heard me talk about bridging finance before, primarily because I use it to expand my portfolio rapidly.

Here's a video explaining the ins and outs.

Are you looking to expand your buy to let portfolio? Sign up here to receive my hand-selected buy to let deals straight to your inbox. With all the sums done for you and my team and I sorting out the

Second Sourced Property of the year - Exchanged! Video Tour for you to watch! 👀😎🏚➡️🏡

And here we go! Another property has been sourced by WeSourceLondon.Properties, my deal sourcing and packaging business. In this video I take you around the new project and show you what we're going to do.

If you are interested in seeing properties that I have sourced and negotiated a super purchase price on, be it on or off market, then sign up here. As always if you'd like to come and have a look at one of my projects just drop me a line and let's start the conversation. Or allow me to answer your questions in person at the next Clapham Property Meet!

Video 15/30 - All About Notice Periods

How much notice do you need to give your tenant? Vice versa? Well here's all about notice periods and how you can use them to your advantage.

Remember, if you want to learn more about property investing join me at this month's Clapham Property Meet and have a chat in person.

Video 14/30 from Investing Video tips series - Statutory Period Tenancies!

So what is a Statutory Periodic tenancy? In this video I'll reveal all!

Remember if you are looking to expand your portfolio do get in touch. I have set up my separate Deal Sourcing Company call WeSourceLondon.Properties which, if you register, you will receive regular deals straight through to your inbox. Register here.

£2,641.52pm – The Profit made by every Clapham Property Owner over the last 20 years

As we go headlong into 2018, I believe UK interest rates will stay low, even with the additional 0.25% increase that is expected in May or June. That rise will add just over £20 to the typical £160,000 tracker mortgage, although with 57.1% of all borrowers on fixed rates, it will probably go undetected by most buy-to-let landlords and homeowners. I forecast that we won’t see any more interest rate rises due to the fragile nature of the British economy and the Brexit challenge. Even though mortgages will remain inexpensive, with retail price inflation outstripping salary rises, it will still very much feel like a heavy weight to some Clapham households.

Now it’s certain the Clapham housing market in 2017 was a little more subdued than 2016 and that will continue into 2018. Property ownership is a medium to long-term investment so looking at that long-term time frame; the average Clapham homeowner who bought their property 20 years ago has seen its value rise by more than 434%.

This is important, as house prices are a national obsession and tied into the health of the UK economy as a whole. The majority of that historic gain in Clapham property values has come from property market growth, although some of that will have been added by homeowners modernising, extending or developing their Clapham home.

Taking a look at the different property types in Clapham and the profit made by each type, it makes interesting reading..

However, I want to put aside all that historic growth and profit and looking forward to what will happen in the future. I want to look at the factors that could affect future Clapham (and the Country’s) house price growth/profit; one important factor has to be the building of new homes both locally and in the country as a whole. This has picked up in 2017 with 217,350 homes coming on to the UK housing ladder in the last year (a 15% increase on the previous year’s figures of 189,690. However, Philip Hammond has set a target of 300,000 a year, so still plenty to go!

Another factor that will affect property prices is my prediction that the balance of power between Clapham buy-to-let landlords and Clapham first-time buyers should tip more towards the local first-time buyers in 2018.

The Council of Mortgage Lenders expects the number of buy to let mortgages to drop by 34% from levels seen in 2015. This is because of taxes being increased recently on buy-to-let and harder lending criteria for buy to let mortgages, which means I foresee a gradual move in the balance of power in favour of first-time buyers rather than buy-to-let landlords. First time buyers will also be helped by The Chancellor eradicating Stamp Duty for all properties up to £300,000 bought by first-time buyers in the recent budget.

This means Clapham buy-to-let landlords will have to work smarter in the future to continue to make decent returns (profits) from their Clapham buy-to-let investment. Even with the tempering of house price inflation in Clapham in 2017, most Clapham buy to let landlords (and homeowners) are still sitting on a copious amount of growth from previous years.

The question is, how do you, as a Clapham buy to let landlord ensure that continues?

Since the 1990’s, making money from investing in buy-to-let property was as easy as falling off a log. Looking forward though, with all the changes in the tax regime and balance of power, making those similar levels of return in the future won’t be as easy. Over the last ten years, I have seen the role of the forward thinking letting agents evolve from a ‘rent collector’ and basic property management to a more holistic role, or as I call it, ‘landlord portfolio strategic leadership’. Thankfully, along with myself, there are a handful of letting agents in Clapham whom I would consider exemplary at this landlord portfolio strategy where they can give you a balanced structured overview of your short, medium and long-term goals, in relation to your required return on investment, yield and capital growth requirements. If you would like such advice, speak with your current agent – or whether you are a landlord of ours or not – without any cost or commitment, feel free to drop me a line.

I hope you enjoyed reading. If you are keen to take things further, be it to start from scratch, or do something a bit more interesting with your current portfolio... Start the conversation on email. I'd love to meet you in person of course at this month's Clapham Property Meet, so do come along. Click here for tickets and more info.

It's that time again - for an update on my Peckham Project!

Update on my Latona Road project. A stunning refurbishment of a run down property. It will end up being a 5bed 2bath luxury apartment for professional sharers. i purchased with bridging finance and will refinance on to a long term product once I've added £100k of value and the property is let at circa £3000-3250pcm. Nearly done, just painting and tiling and we'll get it all dressed ready for immediate occupation!

Have a look at the video and follow the progress!