I have never been NOT ALLOWED to take pictures of property when viewing it, but I am here in UK, that's different…

Yes, we turn property into multi let and vendor is always aware of it.  Gazza, are you based in UK?

Most of the times we don't need HMO license, because in area we invest, we need license for properties which are more than 3 levels, we simply choose properties that are 2 levels, mostly they are 4 bed and 2 reception – so we still…[Read more]

We usually rent it out as single let property, depending on property state and pay landlord a rent that's apples for area, we don't really use rental yields, in fact I am not sure how would you calculate it in this situation, because we are not buying property. 

Most of properties are partly furnished from landlords and then we see…[Read more]

Thank you for asking this questi.on. 

In other words we could call it as sub-letting. We lease property from landlords for usually 3 – 10 years with their written permission to  sub let it by rooms. We pay landlord guaranteed rent with no void periods, we manage and maintain property and we let it out on room by room basis. 

Hope it…

For retiree and using Steve McKnights formula to calculate ROI:

Hi, I have been looking for right formula to calculate ROI, would you be able to share it? 

Thank you for help!

We might consider moving over there in 10 years time

Thanks again!

We will buy it as 2 separate 4 bedroom houses for £600k cash, as on title they are still as freehold houses. 
Then we will give notice to tenants to empty all 6 flats, we will gather all paperwork to register them as separate flats. After we…[Read more]

Jus to know in future, as I am investing in UK, shall I post all my posts in Overseas deals, even if it is creative financing, commercial or help needed?

Thanks for advice!

Thanks

Thanks

All the best.

Yes we have found out this already and we are getting together all this paperwork required, but it is in our interest to buy it as 2 houses not as 6 flats, as we are buying them for £250k less than market value, and after completion we will register all 6 flats.

It is UK – London.

We are now buying a house where bank has started repossession after court. Because it was only in process we with our solicitor contacted bank and stopped repossession on property. We are now waiting to exchange on property and bank will receive their money much more quicker.  

I agree – Jamie has gave you very good advice, I would follow it.

All the best!

Sandwich deals are a good choice. We are doing the same here in UK, the only difference how we go around stamp duty is that when we put a tenant buyer in place – agreement is actually between tenant buyer and original owner of house and stamp duty is paid by tenant buyer.

Hope it helps.

All the best!

It is great post topic. Well done on taking actions. First thing I would suggest you to do is to find the wright mentor for you. He will help and hive you guidance and also it will increase your productivity. 

It is hard for me to suggest any mentors as we are in UK and our mentors are UK based, but I am sure you have a lot of very…[Read more]

It is great that you share your story. Living in London it is hard to imagine to survive with $500 as rent here is about $1200 pcm. In the mean time me and my partner are very happy for this type of rental prices as it has helped me to become full time property investor at 2012 at age of 24  
I still have to agree that we are working on…[Read more]

Just watched your daughter sing couple of songs. She has wonderful voice. You must be very proud of her – well done! 

And thank you for great Christmas gift! 

All the best in New Year!

First of all invest your time in research about projects. It is very easy to give someone your money and tomorrow you might see it again – simply don't just follow your heart but do a lot of research. 

Second thing – decide what kind of return on investment you are looking for. When looking for a best project for a long time it is…[Read more]

Thank you!

Why would you do something abroad in USA what you can do at home? I agree some people get bored and want more risk and unknown – then this might be a good option.

All the best Alex.

Regards,

Thank you for your reply! 
Thank you for suggestion to treat it more as business rather than fun and friendship. 

Regards,

Thank you for your reply. We always are very selective in terms of tenants and we have managed to build very good and friendly relationships with young and old professional workers.  

I guess we are on a wright way and tenants shouldn't be afraid of their landlord. 

Thank you!

Thank you for pointing out that my wording is not clear enough.  

What I meant by saying ''Get on property leather'' is to start invest in properties. 

Hope it helps to understand my post better now.

All the best.

Well done on asking those questions here. 

I agree with Qlds007 – you could propose to your landlord to buy house on installments, which is very popular at these times. The main thing is really to understand what is the reason for your landlord selling the house and understanding him would give you a lot of answers for you.

And yes,…[Read more]

All the best

1. Set up more than 5 rent to rent properties by 10/13
2. Buy 2 LO properties and structure them as Instalment Contracts by 09/13
3. Buy LO property and keep for our selves by 07/13
4. Package more than 7 deals by 12/13
5. Create a social meet by 05/13
6. Travel…[Read more]

As a landlords from experience I can say that most problems are made by landlords them selves dishonoring tenants and treating them worse than animals. As better you treat your tenant…[Read more]

It is a good strategy and at certain point I remember how it is to be in your shoes.
You have to accept that there will be deals that falls trough and there will be deals that will help you to break trough. 
I agree with Paul's advice – control every single flip with Option – we call it as 'Lock Out' agreement, it will make your life a…[Read more]

I would say that it is very tricky situation here. If in agreement it says that you are  receiving vacant property there should be a sunny side of it.  Usually it might take a lot more longer than 4 weeks to get tenants out of property. In this case I would suggest not to complete on deal before property in empty or if it is too late…[Read more]

It is great to hear that more and more people are getting on property leather – well done. 

I would agree that it is not profitable for you to invest all your money in one property, as it is quite common problem these days that investors run out of their cash and give up on expanding their portfolio. 

I would suggest you to invest in…[Read more]

It seems a great plan about your development project and I would agree with Ballerina that with these type of projects you want to stay focused on quality of work, but still stay in control of your budget. 
Good due diligence skills is something very important at this stage. When you will be 100% confident about your project – finances…[Read more]