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  • Buy-to-Let

    What to do with my £130K equity?

    Purchase price 80k rent £6400  £533.00 pcm

    8% Yeild

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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.

    I find it odd that some people look at return on investment rather than return on worth. The asset has a market value and put that sum on deposit or whatever that is the return. Looking at a current property this morning I estimate current value would be 290k. It is let for 2,750 so that is a gross return of about 11% ,I am happy with that, there is mortgage to pay and ancillary costs but I am happy. Our neighbour has a similar house but he always talks about his 20% return based on his cost, mad!


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    I think every one has there own way of doing this

    Once I have purchased an investment property I never think about its value as the years roll by

    I never sell and I never remortgage so its Value is not that important to me as long as I get over 8% yeild I am happy


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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 DL,

    I just wanted to say; I love the positivity!! keep it up! Smile

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    Financial Consultant working with Property Tribes Financial Services.

    Always cover your debts, don't leave them for your loved ones to pick up. Ask me how - austyn@ptfs.co.uk

    thats me Ms Positive lol

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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.

    https://www.youtube.com/watch?v=Wh8fdtSEzic

    you might find this helpfull as a taster

    DL

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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 Legoode

    Welcome to PT, all great responses so far and hopefully I can expand slightly.

    I'd be looking at whether your business is more profitable than a BTL and also considering the time and effort that goes into a proactive business versus a relatively passive BTL. Another book you may want to consider is my recently published Amazon #1 best-seller, The Property Pension Plan;

    https://www.amazon.co.uk/Property-Pensio...way&sr=8-2

    Chapter 9 is all about why BTL is a great hedge for business owners and how it can help you turn proactively gained profits into passive income.

    Don't follow the hype that BTL is no longer profitable because that simply isn't true, of course in some cases it is but with the right strategy, there's still a lot of money to be made.

    ie we generally recommend our clients use 75% leverage and aim for a minimum 5% but generally 10+% net cash flow ROI after all costs (depending on the location). If you add to that a relatively average 5% capital growth per annum (the UK average for the past 20 years is 5.5%), that is 20% on your cash. So a total yearly return of 25-30%+ per annum without setting the world on fire with the asset returns whilst getting great net returns on your cash. Quite often that could be better than most businesses on a net profit basis. Lots to consider and as others have said, we'd need to meet with you and get a better understanding to give formal advice.

    As a business, this is exactly what we assist clients with such as;

    • Goal Setting
    • Strategy
    • Implementation (sourcing inc research and due diligence)
    • Finance
    • Management

    I'd like to offer you a no-obligation and free consultation with one of our qualified advisors to help you understand your options.

    To take advantage of this, simply email me directly on pm@nova.financial or call our office on 0203 8000 600. You can learn more about us here; https://www.nova.financial

    I look forward to hearing from you.

    Kind Regards,

    Paul Mahoney

    Founder & Managing Director

    Nova Financial Group

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