Landlord moving into buy and sell

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  • hech123
    replied
    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

    Leave a comment:


  • ntipp
    replied
    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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  • ram
    replied
    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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  • leaseholder64
    replied
    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.

    Leave a comment:


  • ram
    replied
    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.

    Leave a comment:


  • Gordon999
    replied
    You should be putting your questions to the lettings manager at the estate agents in your area.

    Leave a comment:


  • ram
    replied
    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.

    Leave a comment:


  • GaryE
    started a topic Landlord moving into buy and sell

    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.

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  • Anyone Buying At Present?
    by woodbine66
    Wondering if BTL investors are buying at the moment, taking into account property prices and uncertainty over Corona, jobs and the economy? Property prices still seem to be holding up near me and lots still selling. Anyone care to predict what's going to happen to prices and demand in near future....
    04-08-2020, 12:27 PM
  • Reply to Anyone Buying At Present?
    by amy131
    I own a 4 bed property in Bristol. Cost £195k in 2016, now worth £230-240k, all rooms very good sizes, ex. LA. The house has two reception rooms so I use one as the fourth bedroom. My rental yield currently is 8% with all bedrooms rented based on purchase price which is now on the low side for the...
    10-08-2020, 23:14 PM
  • Reply to Anyone Buying At Present?
    by hech123
    Look further North. You can much better yields and the market is only getting going there. Lots of interest and competition...
    10-08-2020, 18:30 PM
  • Reply to Mortgage News
    by loanarranger
    Gatehouse Bank have announced their withdrawal from accepting mortgage applications on New Build Flats citing an increased volume of application for both Homeownership but also BtL investors. I suspect that they like other lenders are taking cover for the present until certification of Fire Safety compliance...
    10-08-2020, 09:41 AM
  • Mortgage News
    by loanarranger
    The following article has appeared in one of the Mortgage Trade journals reporting on views expressed by the Association of Mortgage Intermediaries an influential trade body within the mortgage industry.

    "Mortgage rates are likely to rise in the first quarter of 2016 as lenders look...
    23-12-2015, 19:43 PM
  • Mortgages - Buy 2 Let v. Vacation Rentals
    by Halfbob
    On verge of organising a Buy to Let interest only mortgage at a pretty good rate but had a last minute rethink. May now do vacation Rentals in the property we're buying as the location lends itself to that and there's the Tax Advantage of Mortgage Interest being an allowable deduction from the Taxable...
    08-08-2020, 12:21 PM
  • Reply to Mortgages - Buy 2 Let v. Vacation Rentals
    by Halfbob
    Interesting, thanks for that. It would very much be a "summer season" and other School Holiday type Vacation Property, so that wouldn't be disastrous. Other than the fact that if it's available to Let for less than 210 days per year you can't claim Mortgage Interest Tax Relief. But then...
    09-08-2020, 18:53 PM
  • Reply to Anyone Buying At Present?
    by doobrey
    Yields seem fairly horrendous. £850 pcm on a £220k property is 4.6% gross with no voids.

    Rental return is low, compliance requirements and risk are high.

    I don't see much of a case for buying unless you can do something clever or find something genuinely underpriced.
    09-08-2020, 16:05 PM
  • Reply to Mortgages - Buy 2 Let v. Vacation Rentals
    by Section20z
    Don't forget that London already restricts holiday letting to 90 days a year (without planning consent) and it is likely other areas will follow with similar restrictions.
    09-08-2020, 14:45 PM
  • Reply to Mortgages - Buy 2 Let v. Vacation Rentals
    by loanarranger
    Thanks for replying in such a professional manner.

    If the short term lender indicates limited or zero demand having paid valuation and possibly non refundable applications fees, then your broker will need to research the BtL market and source a conventional lending option.
    Please...
    09-08-2020, 12:20 PM
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