Mark Homer and I have been in property since 2003 and 2005 respectively. This doesn’t give us the right to boast or say we are experts, but it does teach you a lot. You can make a lot of mistakes in 15 years, and you can see others succeed and fail too. I always try […]
Having been investing in property with my business partner since 2005, I always try to analyse the commonalities of people who succeed over the long term, and those who drift away. We can all learn something from everyone, and even despite owning/co-owning and managing over 700 properties, I learn something new everyday. Every successful property […]
For full transparency I’m an investor, a holder, I don’t have a trader mentality and I don’t have a history of getting into or out of things for a short period. My ideal holding period for most assets is forever… So now that I have established some of my biases here goes: Why would you […]
If you need to let your property fast, either because your have just completed on your purchase, or in between tenancies on a existing unit, then the most crucial aspect is to have the property quickly occupied by a paying tenant. Some units may take longer to let, but that will most likely be down […]
Funding is required for two elements: in basic terms, you have got to purchase a property which you intend to convert to a residential use normally. You therefore need to fund the purchase and the development. Together, the purchase and the development are collectively ‘the costs’ (along with professional, solicitors and legal fees). What we […]
In the last decade, buying properties at auction has surged in popularity as an alternative to the traditional property buying process. And it’s no surprise why. If you do it right, there is ample potential to grab a bargain and, as a result, turn a significant profit. Unlike going through a real estate agent, buying […]
The time vs. profit quandary is also one that should be at the front of your mind when assessing deals. Developments that involve a lot of hassle and time may not be worth it if there isn’t a good chance of a healthy profit at the end. Many people don’t assess the amount of time […]
For many years, I’ve looked at the size of commercial buildings in the local area, surprised at their low capital values versus residential properties on the same street of an equivalent size (or adjusted on a per foot basis); I regularly thought to myself that there must be mileage in converting these buildings into residential. […]
For a property investor, whether novice or experienced, property management is a consideration. In a way, it sounds easy right? Find tenants, collect rent, make repairs, and renew tenancy agreements, Right? Wrong! Property Management is time consuming, frustrating and not at all easy. Property Management needs to be taken seriously, ignorance is no excuse and […]
I love H.M.O’s (Houses of Multiple Occupancy or Multi-let) because they are the foundation of so many other property strategies and they will make you the most profit for the least amount of effort. An HMO is simply a house occupied by 3 or more unrelated people who share common facilities like a kitchen or […]
Affordability is of course one of the basic requirements that a lender will assess on any buy-to-let mortgage application. The borrower will need to be able to demonstrate that they can afford to repay monthly mortgage payments in full, based on the amount of rental income they can generate from a property. As an extra […]
You’ve probably already heard of the term ‘Bitcoin’ or ‘cryptocurrency’ & it’s been mainstream talk of the town, the value of many of them has also risen several thousand % over the last couple of years. The digital currencies that are receiving the most attention are Bitcoin, Ehtereum and Litecoin. In it’s simplistic form, its […]