Judestone Properties - Judith Hamilton

10/02/2023

Judestone Properties is flipping our first house! More details to come but thought I would share a few considerations for anyone else venturing into house flips.

1. This is key - flip a house for a profit! Simply buying a house to flip because it is inexpensive may not be enough. You don't want to be stuck with several years of work which can eat into your funding.

2. The numbers are very important for house flips. Figures to consider will include the buying price, renovation costs, contingency costs, legal fees, selling price and expected profit.

3. A 9 to 12 month projection is a good aim for a house flip. This gives you the opportunity to buy, refurbish and sell the property or refinance it.

4. Thorough research is a necessity for house flips, just like buying any property. Look into location, transport network, surrounding schools, upcoming developments in the area, etc. All these things will make it easier to market the flipped property and increase buyer potential.

5. Consider how you're going to fund your house flip. You'll need a certain amount of cash as a minimum, and if you're not able to fund it all in cash then some form of loan will be necessary (tip - make sure you get expert advice on loan options as this is a very specialist area)

31/12/2022

Who has done a detailed a review of their properties?

I find 2 types of reviews really important, especially when we are heading into a new year, and new season of change with property.

1. Financial review - this may seem obvious, but can sometimes get overlooked. It has a been a tumultous couple of years with the pandemic, global affairs, looming recession and change of interest rates (to name a few!). Be really meticulous and detailed about how these have affected your financials personally and for your investments.

2. Personal - What are the areas you like and dislike about property investment? What elements would you like to outsource? Do you enjoy being a landlord or managing properties?

If you decide to have a go at preparing these reviews let me know how it goes? And if you need a little help in getting organised, drop a comment or send me a DM and we can get ready for 2023 together!

30/12/2022

Here are my top tips for getting you financially organised to invest in Buy to Let property in 2023.

1. Look beyond the property price.
Factor in costs of taxes, valuations, insurance, solicitor, property management fees. These will help to give a more realistic picture of what the investment and return will look like,

2. Do your due diligence.
Check out the area, review the rental yields, stress test the numbers, calculate your affordability and finances more than once and consider potential exit strategies. These will help you to feel secure in your decision to invest

3. Increase the value of your property
Build into your financials the list of things that you need/want to do to increase the value of your property. These can include redecorating, new fittings and fixtures, yearly maintenance costs, garden landscaping, and anything else you may want to budget for. Including these in your financials from the beginning can help you prepare for the year and allow you to check tasks off your list.

Would you add anything to the list?

29/12/2022

This is an exciting prospect to see Nottingham listed as one of the best places to invest in for 2023 - https://sevencapital.com/uk-property-investment/where-to-invest/

Nottingham has so much to offer in terms of location - two universities, a number of hospitals, great transport links, lots of employment opportunities, sport and a vibrant city life. It is on my personal list of areas to expand to as well.

Where will you look to invest in 2023? 👇

SeveneCapital's Top Seven Best Places to Invest in UK Property 2023: Birmingham, Bracknell, Manchester, Liverpool, Nottingham, Newcastle.

28/12/2022

Are Buy to Lets still relevant and worth the investment in 2023?

According to Rightmove, the number of people looking to rent a home is up 23% from last year with 2023 forecast to see this trend continue. And rental prices have been on the rise as well.

Buy to Let is a long term investment strategy, as opposed to flipping properties which is a short term strategy. History shows us that interest rates fluctuate, typically balancing out in a 5-10 year period. Buy to Let properties can be a great asset for your long term investment portfolio, we have a number of BTLs ourselves.

Are you looking to get in to / get more Buy to Lets or are you moving on to other forms of property investment? 👇

13/12/2022

Mortgage interest rates are still competitive! While they might not be at the previously record lows, here is what it means for current property investment.

Drop any questions in the comments and I'll help to get them answered

08/12/2022

Another reassuring point about property investment is that Property (shelter!) is an essential and integral piece of life. Everyone needs a place to live. There are ups and downs to every business, BUT business must go on. We are finding ways to adapt and make the most of every situation. If you're finding this particularly difficult as a business person, you are not alone! But don't give up!

06/12/2022

How are we dealing with the current, slightly unstable market right now?

One way is, quite frankly, to accept it. We have had the luxury of low interest rates for so long. I think we all knew they would have to rise at some point, but probably didn't think it would happen so quickly and all in a big way! So doing the behind the scenes work to secure appropriate and beneficial investments is a big key right now, especially while people are looking for low risk options. Being open and honest with our clients will go a long way to build trust and make them feel more at ease.

01/12/2022

Is now the time to get on the property ladder?

The fall in house prices can be a positive if you're looking to be a first time buyer or investor. The last 2 years saw a sharp increase in house prices across the UK, making it difficult for first time buyers and investors to purchase, even with lower mortgage rates. It never hurts to look at the figures. Send me a message if you or someone you know have been looking for ways to get on the ladder.

25/11/2022

HOT NEWS! 🥳 We've just had an offer accepted on another BTL in the North East of England. The portfoilio is growing nicely! We've also got lots of exciting stuff in the pipeline for 2023 🤩. We love talking to like minded people about property, whether they're at the stage of just considering getting started in property investing or they're seasoned investors. If you fancy a chat drop us an email to [email protected] or send us a DM.

16/11/2022

Do you manage your own rental properties?

What is your number 1 challenge in property management?

15/11/2022

Why Property? 🏠 pt. 4

In terms of investment, property lends the opportunity for high return on investment and is less volatile than the stock market. This makes for a safer investment even though they both reflect the market value of an asset. A good property investment can hold its value, even when the stock market is declining. Houses won't go out of fashion - people will always need somewhere to live.

This is one of the reasons I've chosen property investment - low risk and high returns is a pretty tough combination to beat! Agree?