Browse All Tribes or choose a Tribe below:
By signing up I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Sign Up With Facebook, Twitter, or Google
By signing up, I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Don't have an account? Sign Up
To reset your password just enter the email address you registered with and we'll send you a link to access a new password.
Hey Zem!I just wanted to come back to you with a few concise points that you might find helpful!
Hope this helps!
Hi Zem,This thread may assist you:Growing a property portfolio - resourcesWe also recently had "Portfolio Landlords Week" which was all about growing portfolios in the current market conditions:Monday - Launch of "Portfolio Landlords Week" with Tony Gimple of Less Tax for Landlords and we meet Robert, a portfolio landlord based on the south coast to hear about his property journey.Tuesday - Finance for portfolio landlords with Shawbrook Bank and Property Tribes Financial Services. (Video in footer).Wednesday - Insurance for portfolio landlords with Alan Boswell Group and we meet a husband/wife portfolio landlord team JP and Angela Barakat. Thursday - Tax for portfolio landlords with Tony Gimple of Less Tax for Landlords and we feature Tony's presentation from the Spring Property Investor Show.Friday - Portfolio landlord with four decades of experience, John Howard, shares his tips and we meet Chris, a portfolio landlord based in St. Albans.
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
You are outlining a problem I forecast years ago
BTL is a great strategy if you have the cash to start with
Long gone are the days when you purchased on a Monday did a little work with Magic Magnolia and take out your deposit with and 85%
mortgage on the Following Monday
Lending is much stricter now and LTV much lower so it will stunt the growth of a BTL business who is depending on leverage
The only real answer is you need to be well off before you start a BTL business to start with
BTL now is for the rich in general
What took me 5 years to achieve will take you 25 years because when I started as long as you had a pulse you could raise thousands of pounds.
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.
i disagree zem, we have used cash for our first purchase which was 40k below market value, we then decided to sell, bought our second house at 80k below market value refurbed and again sold, our third house is 45k below market value, we will add an extension for kitchen diner small refurb then either sell or rent, all this been done with cash and we can either mortgage and rent getting all our money out and not pay a deposit or sell, buy one at a time makes more sense, we will have 10 done this year easily