Landlord moving into buy and sell

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    Landlord moving into buy and sell

    I am an experienced UK property developer and landlord focusing on buying houses and converting them into HMO's (as well as maintaining a portfolio of standard BtL's). I then let the properties as an on-going landlord. I would like to move in to buying, developing and selling property alongside my current HMO conversion and letting strategy. I would appreciate some guidance on what is the most profitable buy-to-sell project out of the following possibilities; sub-division of a building into a number of flats; new-builds or renovating a single house or flat including adding a loft conversion and/or extension? What makes a developer go for a particular project over another? It has been suggested to choose a development strategy and stick to it with the view of becoming a specialist in that field. Again, when choosing the strategy what factors are to be considered? Any experience shared would be much appreciated.

    #2
    This is a landlord forum, and you are asking about buying and selling

    We don't buy - refurbish and sell, we let properties, we keep.

    So you are asking the wrong forum.

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      #3
      You should be putting your questions to the lettings manager at the estate agents in your area.

      Comment


        #4
        Originally posted by Gordon999 View Post
        You should be putting your questions to the lettings manager at the estate agents in your area.
        He said, " I want to buy, develop and sell property.

        Nothing to do with letting agents, More so SALES as the questions are -

        guidance on what is the most profitable buy-to-sell project out of the following possibilities;

        sub-division of a building into a number of flats; ( Then sell )
        new-builds: ( Then sell )
        renovating a single house or flat : ( Then sell )
        adding a loft conversion : ( Then sell )
        adding extension : ( Then sell )

        So not Landlord and tenant questions. Nor even leasehold.

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          #5
          I find these forums tend to used to cover all non-collective property investments, including development as well as rental business models.

          On the other hand I do appreciate that developers can be worse for existing owner occupiers and other residents, which is I think where RAM is coming from.

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            #6
            Originally posted by leaseholder64 View Post
            On the other hand I do appreciate that developers can be worse for existing owner occupiers and other residents, which is I think where RAM is coming from.
            No.
            I refer all to post number 4, ( and original post number 1 question, ) which is buying and selling, with no landlords and tenants in the equation whatsoever, therefore, in wrong type of forum.


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              #7
              I would definitely recommend sticking to one focussed strategy. Your history is similar to mine, a focussed strategy is crucial. I usually go to the auction and buy the cheapest and then convert into large properties. You're only getting a little bit of profit however profit is profit!

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                #8
                You really have to know your market. What works in Manchester would not work so well in Liverpool. You must also consider where your market is in the property cycle. Watch the local auctions, watch what other people do, speak to them and follow them. That is how you will learn. Knowledge is power

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