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  • Buy-to-Let

    How many investment properties is enough?

    It's funny reading what you wrote Timmy! I can relate to that 100%.

    I'm always looking for/at deals and even though BTL is definitely more troublesome now, there are still opportunities in & out of BTL in property. 

    I started in single BTL in 2005 and did all the work myself alongside working full time, starting a family etc! 

    One rolled into another and then approx 8 BTL later I converted a 16th century listed building into apartments! Massive step up for me with a lot of stress and sleepless nights! 

    But made a great profit which made it all worthwhile! 

    I've done a lot of conversions and renovations now as I see this as a better way to increasing capital quicker. 

    I've now added buying small/medium bits of land with up to 5 units to my portfolio. 

    I don't envisage buying a standard BTL in the foreseeable future as taxation & increased legislation doesn't allow for the investment to stack up. In any event, it would always be in a corporate structure if I did return to it.

    I really enjoy finding & making deals and for the small guys (like me) you just have to work harder to find them! 

    The gems I like to find are the ones you can get a planning gain on, either by way of planning application or better still, permitted development rules. 

    I mainly invest in East Anglia and Northwest.
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    Dan

    Universal Property Services Ltd

    01473 723366

    07957471717

    http://www.universalpropertyservicesltd.com


    I think it all depends on where you're looking to invest in the UK (or elsewhere!).

    In the SE (read inside the M25) prices are usually above the 125% - 145% rent coverage threshold (especially the latter) so you may end up having to put more than 25% in.

    Then add in savage Stamp Duty and you're comfortably into putting £100K+ into the deal before you even see a penny back on a £350k+ purchase price.

    No wonder everyones looking for cheapies up north, but it's not for me.

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    > No wonder everyones looking for cheapies up north, but it's not for me

    Well not everyone, as I'm still buying inside the M25. Bought 6 residential units and a commercial unit in the past 2 years, and still buying more

    You're right, each deal requires around £100k investment, but I'm still getting 6% cashflow from each unit so better invested than in the banks!

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    Good morning,

    You sound similar to me - a deal junkie !  If you’re enjoying it why stop, especially as you sounds like you’re very successful at it . 

    When I speak at my seminars, I describe myself as a Volvo with 200,000 miles on the clock and I’m still going!
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    Hi John,

    That is nothing for a Volvo...!

    A good friend of mine started buying at the age of 17, he is now 85 and still looking for a deal. He called by the other day where I was working on a site, he came along on his stick at half speed.we had a little natter and I told him that there might be an opening on a property near by, off he went to see what he could find out. Half a hour later he was back, no longer at half speed and with no stick in hand. The thought of another deal had just knocked years off of him - his words, " If you don't want it i'll have it" I guess is not planning on retiring..!

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    5 is working for me, they net me £20k per annum less insurance/gas check/repairs, this gives me a steady income so i can do flips with my business partner which i enjoy and can make some decent money on.

    i have about £10k equity in each, not capital growth but what ive spent on refurbishments, capital growth is non-existent, it takes a boom for prices to noticeably rise, last residential i owned from 1998 to 2008 i bought for £60k and sold for £160k, current residential is worth the same as we paid for it in 2008 as a demonstration, another boom would make me a millionaire Smile

    i looked recently at the numbers on increasing from 5 to 10, took the 5 cheapest houses on rightmove that id be happy buying on price and location on 75% ltv and it came out that £76k deposits would return me a further £20k per annum.

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    I think you have to turn the question around

    How much wealth do I want to create  and then work back from there

    If you want a positive cash flow of £250,000 a year and each property produces £3600 a year each property worth 100k and you will have 7 Million in the pot

    you will need around 70 properties

    The Gift of BTL you can create your own dream to fit your needs

    I find the key to my drive is I wanted to create a large Business to pass down to the Future Dyslexics

    and it gets me out of bed in the morning and I enjoy doing what I do 

    If I did not do Business I would be a very sad lady some times I think I am fighting the world but its worth the fight




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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.


    "How much wealth do I want to create  and then work back from there"

    i concur

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    Thanks for sharing. My question is: Is gifting someone something actually good for them?

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    £250,000 a year !

    My target was £20,000, though I am getting £25,000 Smile

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