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  • Buy-to-Let

    Aggressive BTL portfolio growth ideas



    Hello

    This year I will launch my property business, stage one is to create a portfolio of BTL properties (this is a long term investment designed to create a pension pot).

    I have a lump sum of money and monthly disposable income from other business interests.

    I would like to hear your experiences and ideas of an aggressive plan of action that will allow me to quickly build the portfolio.

    How best to leverage deposits/equity in properties/borrowing etc so i can use my money wisely and grow to a sizeable portfolio quickly.

    Thank You

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    The days of easy leverage are over

    Lenders just dont give money that easily


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Hi Robert,

    Key to your strategy will be to have the right business,lender, and tax friendly structure in place from the get go.

    Make sure that any property gives you maximum income, and whatever you do don't let the tax tail wag the planning dog.

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    Tony Gimple

    Founding Director, for and on behalf of

    Less Tax For Landlords

    0203 735 2940

    http://www.lesstaxforlandlords.co.uk


    Afternoon Robert

    Gearing  up on a property portfolio it’s all about buying the property right in the first place.

    I commented  earlier in a similar way to another post , ultimately if you buy property at the right price you should have three options in your case where you wish to retain the property it is to refinance get your original capital out and re-use the money again and again and again i.

    If you don’t do that with potentially no capital growth predicted over the next few years depending where you buy  it will be a slow process. Hope that helps
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    re mortgaging after 6 months doesn't appear to be as easy as once was, last one they valued it at what I paid for it plus what the works cost roughly. Tooke me 3/4 months to prove obviously it was worth more, never come across this before 

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     Good morning to be brutally honest and I have a reputation for being so as you may know by now if you pay the right price in the first place you will never have any problem refinancing remortgaging it in six months time it really is as simple as that . There is absolutely no point in buying a property at market value as always I hope this helps
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    "Law", I agree.

    My experience - with quite a few properties in the past couple of years - has been exactly the same. Unless you do pretty big work (e.g. add bedrooms, or extensions) the mortgage valuers will only give you purchase price plus refurb spent.  No matter what people selling education tell you, the only people who matter are lenders and their valuers, and my experience is that they simply do not believe that "below market value" exists - because the very definition of "market value" is that it is the amount equal to the price a willing buyer and willing seller agree to pay in the open market.  So for example by definition any auction purchase, for example, will be AT market value (taking into account condition of the property).

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    Courage , determination and resourcefulness is what you need

    Your OP reads as if you have those qualities

    The mechanics then are relatively straightforward when you have got your head around it all 

    You then do it yourself or buy in assistance 

    Buy well / refurb ,add value / remortgage and go again

    Get a solicitor / accountant / mortgage broker / letting agent in place

    If your affairs are complicated talk to  a tax advisor

    I built mine fairly aggressively over 12 years to become financially free

    When people told me to slow down i ignored them and kept going 

    Have faith in your own abilities and trust your judgement

    Read everything on PT, absorb it and read it again

    This will narrow down your options and decide the best route for you

    The size of your lump sum is important and sets the pace you can go at

    If its really sizeable then your pace can quicken and you enter a kind of perpetual motion

    I have built  portfolios for clients and the aggressive ones who are already in other well run successful businesses or have high energy careers do well . They see the bigger picture even if they dont know this industry . If they can survive without  constantly having a microscope on the pennies  because they have other wealth / income and they are prepared to  ride the waves they are the ones who seem to do better . Sometimes you have to take a deep breath and just say Buy  over the phone to the agent before someone else does . Just like in the movies!  Its exhilarating and the adrenaline flows  

    The ability to make tough big choices quickly means though that the early bird catches the worm

    Good Luck

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    Jonathan Clarke. http://www.buytoletmk.com


    Well said Jonathan! I enjoy reading your contributions as they tend to be positive but not in a 'kamikaze' everything will be rosy kind of way.

    No matter what stage of cycle a market is in, there is always opportunity! If you have money to invest I still believe property is a strong investment.

    The way you invest will depend on where you are in your life, appetite for risk, and need for income or capital.
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    Dan

    Universal Property Services Ltd

    01473 723366

    07957471717

    http://www.universalpropertyservicesltd.com


    I notice the most bold statements of expansion comes from two members who provide services to Landlords 

    One is a property sourer and the other is a builder 

    I prefer to see the views of an every day landlord


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.