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Improve the property, improve the valuation

THE QUESTION

There’s a house I have seen, it’s a three-bed house on a street that consists of just three-bed houses all around the £92k mark

Except there is one house on the street that’s had a really good loft conversion that’s added 2 bedrooms and another bathroom and it sold a few months ago for £165k

If I buy a house on this street and do a conversion to...

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Choose your property investment strategy

strategic planning Apr 24, 2020

When most people think of property investors, they think of buy-to-let landlords - but there are many different strategies to generate an income from property besides that.  Let’s look at a few of these:

Buy-to-sell

Also known as ‘flips’, this strategy involves buying properties with a view to reselling them at a higher price.  In its purest form this strategy...

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Second charge borrowing to expand a portfolio

bridging finance Apr 09, 2020

THE QUESTION

I have a property worth £170K with a mortgage of £105K.  How much would I be able to borrow on bridging finance for another property?

THE ANSWER

The first important thing to consider is what the second charge bridging market looks like.

Not all bridgers lend if you cannot offer them a first charge.  You can’t do that, because your mortgage lender already...

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Cash buyer territory

bridging finance Feb 25, 2020

If you’re nowhere near being in the position to buy properties outright, read on - there’s a way you can benefit from all the advantages of being a cash buyer, without having a huge wad of cash.

Cash buyers have advantages:

  • They don’t have to mess around applying for and getting approval for a mortgage
  • They don’t have to do battle with the mortgage lender about whether...
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What kind of property company do you need?

Uncategorized Feb 10, 2020

THE QUESTION

Our visit to our accountant had an unanticipated outcome.  We wanted answers to somewhat we saw as basic questions.

What kind of company do we need (LLP or LTD) in order to buy a commercial property and use it as serviced accommodation (plus rent out the shop underneath)?

Can we operate under one company only if we develop a mixed portfolio of R2R SA, buy-to-let and commercial...

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Is a JV a good strategy to raise a deposit?

strategic planning Jan 25, 2020

Joint ventures (JVs) are suggested by many property training programmes as a means for an investor to gain momentum and build a portfolio faster.  It cuts down the ‘saving up’ period considerably, depending on how much your partner is willing to put into the pot.

However, a joint venture partner must fulfil certain criteria for the Financial Conduct Authority (FCA) to consider...

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Investing an inheritance

strategic planning Jan 10, 2020

THE QUESTION

John will be inheriting £250,000 shortly and wants to be able to generate an income of £30k per year from property.

He doesn’t have an income or anywhere to live, so will need to plan out the best way to leverage this nest egg.  Ideally, he wants to get a steady return and pay for a place to live. With some BTL experience previously, what would you advise?

...

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Bridging for beginners

bridging finance Nov 10, 2019

Like most things, the devil is in the detail!  It is easy to get bridging wrong, and many do, largely because they blunder in thinking it is easy.  It is a simple way of funding deals, but you need to understand how it works.  I have been teaching how it works and how to use it intelligently at my Ninja Investor Programme workshops since 2013.

I call bridging counter-intuitive -...

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Why bridging works

bridging finance Oct 25, 2019

Property investment tends to depend on you having worked hard to save a nest egg that will provide you with a deposit to buy your first property.  If you’re planning to get into property seriously, you’ll need cash for refurbs too.  Saving up takes time.

The challenge is that you need at least 25% of the cost of your chosen property as a deposit, in order to get a...

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The keys to successful bridging

bridging finance Oct 25, 2019

THE QUESTION

I've taken out a fair few mortgages in the past and I’m comfortable with that kind of finance.  I have no experience with bridging, so my questions are:

What are the key things to look for?

What would be considered a 'good' bridging deal?

What term would you normally look at, 3 months? 6? Is it easy to extend?

THE ANSWER

There are lots of advantages to using bridging...

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