Dan Trivedi

Hey - yes of course feel free to share... Read More

Ian - watch the video in full as the risk are noted

The seller may not want to agree to an underwriter at the reserve price.

But yes a underwrite price superseeds the reserve

It’s not without its risk, and if you watch the video I explain that people/sellers/auction companies will try and push underwriting prices/properties that may not work for you (the underwriter)

It is with its risk which is why I advised DO NOT UNDERWRITE a property you are not prepared to buy.

If you underwrite for the sake of doing it then you will take most of the risks.

Think about the property, what you would pay for it, your market/the market and use it as a tool... Read More

Ian - All goood points and the details of any auction should be consider as many costs may differ from auction to auction

In scenario 3. The under write price is set at £100k, so if bidding doesn’t reach £100k, the underwriter still has to buy at £100k... Read More

Android added 👍... Read More

Colin, a very good and passionate statement. One I echo. I have raised a compliant and a response to said complaint was "they see no issue". Which was what we expected... however we are pursing this all the way, because you are correct....... it's not acceptable

I would welcome and be willing to help a union type setup

Thank you again for your comment... Read More

Morning Amjed

Thanks for your comment & taking the time to read the article.

If you are considering a JV, I would recommend speaking to a solicitor and accoutant about how to first structure the deal, which works best for you, the JV partner.

Once you have this nailed a JV agreement can then be put together for your specific deal(s).

I believe this is the best way

Hope I've helped

Thanks... Read More

Hi Kier

I'm afraid I can't share any specifics

The article isn't aimed at how to avoid scams, but being able to Continued to move forward.

What I can share is, scams come in many shapes and sizes some are quick some are long, well thought through & sophisticated.

I was a victim of the latter Which included Documentation forgery, emailing hacking etc... Read More

Hi Tony - thanks for the message we do try to add a kitchen dinner with an additional living space. This particular house has both ?
We work closely with the council and invited them to see the property pre and post refurb.
Thanks again... Read More

david, hi - thats our UsP ? we actually over spent slightly, we were expecting lower........ the key to it is(on top of the resiliance to save money on kitchens, bathrooms, tiles and flooring) the labour! We use our own guys and I project mange every refurb. We have typically 6/7 going on at anyone time so this allows us to use the same teams across multiple projects.... So easily done ?... Read More

Hi Rob - thanks for the comment.. Yes this option makes sense when we buy a property which is typically in the need of a full refurb.......
When we buy some of the more recently built houses (say 2007+) these need minimal funds invested for any refurb... So we would tend to leave these with shared bathrooms......
However if we are buying a typical 3 bed sem ex la which needs a complete overhaul, then the extra, small investment at this stage is well worth doing. Thanks... Read More

Thanks for the tag Neil - Wayne has already contacted me about this issue. Although all ex LHA seem very similar depending on street and time of build covenants may vary. We've come up with this issue but with the NCC & a private trust who carrys the benefit of a similar covenant (can't say it's the same until I see it myself). without giving advise on specifics I don't know the detail of, all I can suggest is work closely with your solicitor about the exact tenant, AST & use Vs the specifics of the covenant. From my experience its normally a mis understood interpretation & can be resolved thanks... Read More

Great comments - what I love about property is now 2 property, landlords, areas, investors, JVs etc etc are the same. I absolutely Love taking an property untouched for 40+ years, and converting it and refurbishing it. I always achieve a better result project managing it instead of being 'on the tools' #greatbuilders... Read More

Hi Mandy - Thankyou kindly for your comments & adding a different spin.... What's important is that you as a landlord are comfortable with how your investment is performing in terms of return Vs the amount of time you want/need/choose to give it..... For me my own portfolio was growing fast & since working with investors even faster....... The right thing to do by tenants & our investors is to leverage the skill set & expertease of professionals. I want to be able to deliver the maximum commercial benefit for the property(s) we own soley & jointly. This requires close focus and attention. Having professionals who are contactable, trust worthy & skilled means, I'm able to focus on the house for the short & long term commercial benefits. Equally all of our tenants are not relying on me to check my phone or be in the country if they have an issue......... I remember it only to well just a few years ago with the poly filler, sanding it down, then re filling..... As Mark has said, time is a key driver.....

If you've not tried it before, my advise would be to give it ago & see how it feels........... Read More

Hi Graham.... The beauty is there is never a stupid question only support in helping one learn.... The small bedroom you refer to is actual a large hall way...... Always happy to help
Thanks Dan... Read More

Jason - it's a great question to ask & great to see you've done your home work on getting the facts and figures. Remember average infomation can been cut in many forms, head line numbers look good... But what's important with student lets is actually ROI & structure. I live within 1 mile of all my students lets, that's not helpful because I manage the properties far from it, it's helpful because I live and breathe the property market around it. For me yields are important, but not as important as my cash margin..... If a 4 bed student house rents for £1400. But has a PP of £140k leveraging the correct BTL mortgage my investment could be as low as £30k. Giving me a gross profit pcm of around £850. That would give me a ROI of 34%..... a big drain on cash is the maintenance, now most of this is caused by the students but for SOME Lettings agents (not all) the easy route is to get the landlord to fork the bill which eats into the ROI. Get the right management on board, do it your self or leverage someone else's experince & resource... Read More

Rodney, hi - thanks for the question....
As we have 2/3 refurbs all at different stages going on at any one time the builders can split the team across the different sites. Fixing the price for the job with all details listed is key, labour is the biggest cost so requires the biggest focus. Those day rates seem very high. I don't even discuss day rates the price is for the job and deadlines are set The other key saving is on kitchens, bathrooms & other finishes such as tiles...... I have excellent relationships with all the local depot managers who contact me when they have great deals or flexibility to save me money...... For example the kitchen units, worktop and appliances came in at just over £600. You can see before and after pics here... Read More

Hi Mark
Just to be clear in your example of £100k property with a £65k mortgage. If the equity lender lends an additional £20k (20%). In 5 years time would their share of the capital growth (in this example £40k) not be 40%??? Or £16k? From your previous examples it looks like what ever they lend you, they take double in the capital growth?
Many thanks... Read More