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  • Buy-to-Let

    Critique my portfolio to facilitate growth

    Hi James,

    Firstly well done what you have achieved by 25 is awesome and I intend on doing the same. I don't have any first-hand experience in real estate but from the infinite amount of research I have done I can give my opinion on one of your choices, I have been put off by HMO's by our age. I feel like HMO's are assets that you tend to purely hold on to for cash flow and would see very minimal equity as you can only sell to an investor who will expect a 10% discount, in comparison to say a 3 bedroom semi detached in a good area which would cost a similar price. So I think our money would be far better off in an equity building house with small cash flow vs a HMO which is probably more suited to someone approaching retirement. I would just like to ask you a few questions if you don't mind, as I can't find anyone else around my age with experience.

    If there are any banks you found best to deal with when you was 19?

    Do you recommend doing it under an Ltd company or under your own name?

    How come you never decided to so-called "house hack"?

    My email is joshua.owen.daniel@gmail.com if you'd prefer but I would love to talk.

    Thank you anyway and once again well done :-)

    Josh


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    Up until relatively recently I would have agreed with you on the strategy of building equity with the levels of house price inflation that we used to get in certain parts of the country - but in these uncertain times I wouldn't bank on that at the moment.

    Unfortunately, even the tax advantages we've been used to by owning and living in a house, which you then rent out before selling, have been eroded and will be severly cut from April 2020, so that's not particularly good either.

    In my opinion, the boy's done good and his last move to fix for 5yrs whilst he continues to save and keep his ear to the ground is very sensible.

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    Your right none of us can see great house price growth  in the. Future

    if you have low house price growth leverage is dangerous

    i know today if I was to buy I would put down a good  cash deposit and go for a good yeild

    i think we have a BTL ceiling now if you go above higher Tate tax I’m just not sure  BTL is the place to be going forward

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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.