Buy Refurbish Refinance

04/05/2024

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How inflation impacts the value of property - what all landlords and property investors should know to maximise returns.

14/02/2024

11/08/2023

Day 3
Make sure your team are all 🎶 singing from the same hymn sheet regarding what needs to be done in what order and where exactly the fixtures and fittings are going ….. don’t assume
Spend quality time talking through the flow of the project

11/08/2023

Day 2 of new project

Purchase price £87k
Auction. Fees £6.5k
Stamp Duty £2,600
Solicitors frees £750

11/08/2023

17/06/2023

Let talk Mortgage V cash , Repayment V interest only

For most people purchasing a property using 100% cash unrealistic a virtually impossible and takes far to long so for most people mortgage is the way forward. In which case, start saving, savings OR gathering money from others is the only way to gather the deposit.

I have actually mentored someone who then bought a property using this method because they had the "mindset to achieve this method"

They successfully asked “several” family @ friends for loans to help them buy one property which was in an on line auction for 90k plus fees (2023)

They offered 87k. Once refurbished up to 15k to 25k (no major restructure required) the house will be worth around 135k to 140k (current estimate) but could be higher within 5 years as it is located in a prime area of development.

Note: They work full time, have chosen the repayment method, and intend to call in favours from friends and family to keep cost down.

This method relies on good will, do will not work for everyone or forever

But it was there way of getting their foot on the property ladder

17/06/2023

Buy Refurbish Refinance Rent is a classic property strategy to grow your property portfolio.

BRRR allows investors to buy a property at preferably below market value, refurbish it, refinance the property, then repeat strategy cyclical strategy to get your deposit back, to use that money to buy another property. A great strategy for investors looking to build a great property portfolio over time.; There are pitfalls but some win wins

To achieve maximum success create a diverse portfolio to of BTL (Buy to lets) HMO's (Houses in Multiple Occupation) SA's (Service Accommodation) and Commercial. The get creative

17/06/2023

When starting on your BRRR journey look at your options.

BTL's (Buy to lets) HMO's (Houses in Multiple Occupation) SA's (Service Accommodation) and now want to get creative. You may think "oh yes but.........." My BUT is, I did not start until I was 52 years old and with the support of others have created a strong portfolio with 5 years of buying my first property ..........................and yes it was famine or feast but mainly famine along the way.