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Dont know about Wales, are you fixed on your location for this investment or is there some flexibility if the correct property or properties come up for sale? If you go in with your eyes open then you could create a decent rental income stream. On the flip side, if the rental side doesnt work out then I would assume your redevelopment investment SHOULD increase the value of the property by a lot more than it cost you to do the work.
You could sell the property or remortgage on the higher value. Amidst the smoke screen which is Brexit, it is easy to forget that the UK population continues to grow. This is unlikely to change even if we see a no Brexit because immigrants from the European Union will simply go through the same process as all other immigrants. The proof will be in the pudding but I dont think Brexit will have a massive impact on the private rental market.
If people still wish to come to the UK they will just need to money loan bad credit use another immigration system - surely not the end of the world? Would it be better to but properties that need doing (cosmetic things) and try and get them BMV or better to go for properties that are ready to rent straight away?
Would it be better to but properties that need doing (cosmetic things) and try and get money loan bad credit them BMV or better to go for properties that are ready to rent straight away? I doubt if the issues money loan bad credit were just cosmetic that you would get much of a discount.
Personally, go for one ready to rent and loan provider start your cashflow. If your rental income was to cover interest and capital repayments great. If it just covered interest on an interest only mortgage then you could remortgage at the end of the term, hopefully on a higher value.
Finding a balance will give you a degree of potential for capital gain as well as decent rental income. Rental income is steadier in the long run, capital gains go in cycles, but it does depend on your long term aims. I would go for the 3 units - Diversify and reduce your risk. Interest only mortgage or repayments - Well, as longterminvestor so rightly put it, it would really depend on on your rental income. But again what I would do in your position, with my 3 properties, is go for interest only mortgage.
The extra cash in the account may be needed to cover costs of one of the properties that MAY not be doing as well, its a safety buffer that I would use personally and besides you must remember your aim is to increase your portfolio you cant really do that if you depend on rental income, its the capital growth that you need to focus on, so just pay it off when you exit.
To grow your portoflio I have found that Cap Growth out ranks rental income if time is a factor.
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The family already lives in a council flat and benefits from getting housing benefit. The council flat is not fit for them anymore and I thought instead of council placing them in easy payday loan accommodation (which would be an AST and at risk of being temporary) I can provide a more stable home with no intention of eviction. Is there anything I need to consider, legally or financially, or is this simply another BTL via LTD Co.?
I appreciate the risk of non payment and any risk of arguments arising from working with family. The AST protects both parties to some extent but if your intentions are never to evict (unless serious arrears or problems e.
I can also help with 1-2-1 mentoring if that might help fill in the gaps quicker and help with practical steps to get you going...
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I used to hire lettings agents on a full management service to manage all of my properties. Last year I gave notice to all of my lettings agent and now directly manage my properties as a private landlord. Is there any way for me to claim my direct lender payday time spent managing my properties as a revenue expense for my tax return? Would it make things seem more legitimate if the limited company was a genuine lettings agent that managed several properties, including properties owned by other landlords? Initially you can only compare gross rental yield per property as you probably wont know insurance, finance and general running costs on inividual properties. However, you should be able to estimate general running costs after doing a bit of research on the internet.
In regards to ROI, i think you should take it into consideration when comparing properties. For example, if there were 2 properties in the same town that offered the same potential Yield... Taking a step back and looking at the situation from a distance, If you can add value to a property then I presume you can charge a higher rent, increasing your income, and hopefully see a bigger increase in capital value going forwards. On a standard buy to let, all you need to know is the purchase price, what the cost of any refurbishment to the property will be and what the property will rent out for. When estimating a return on investment, would it not be prudent to use 10 months of the year as opposed to full occupancy of 12 months? What you are looking for with your investments will dictate in which areas your buy property. There is a big difference between looking for rent with a bit of capital growth as opposed to looking for capital growth with a bit of rent. The family already lives in a council flat and benefits from getting housing benefit. The council flat is not fit for them anymore and I thought instead of council placing them in accommodation (which would be an AST and at risk of being temporary) I can provide a more stable home with no intention of eviction. Is payday loans direct lenders there anything I need to consider, legally or financially, or is this simply another BTL via LTD Co.? I appreciate the risk of non payment and any risk of arguments arising from working with family. The AST protects both parties to some extent but if your intentions are never to evict (unless serious arrears or problems e.
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