We got the email from our solicitor today that we’ve completed*on Walter Road, which is great news! *For non-UK readers, completion here means we have paid the full purchase price and the Title will now be registered in our name.
Walter Road was not within our original plan for Invest 1 in the first 6 months, but we decided to take it on because we had a keen investor who was interested in a bigger project, so we created Invest 2. [s2If !is_user_logged_in()] Below here is some more info for people we know and trust.…
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We had word from the solicitor today – we have completed* our first property purchase in the UK! *For non-UK readers, completion here means we have paid the full purchase price and the Title will now be registered in our name.
We had a flip appear today, and taking a look at it, it was almost an immediate yes before doing the numbers as the opportunity to add value was immense by doing some land development style title splitting, subject to planning of course. The basic numbers: Purchase: £80,000 Costs: £5,000 Refurb: £20,0000 Total Spend: £105,000…
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The Swansea area has a lot going for it, and the SA5 district is a historically great area, with medium to high prices (comparing with other South Wales areas) and is quite a sought after area based on demand and the below area ratings on Zoopla. The locals tend to own their own homes with…
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Paperwork is underway and solicitors are figuring out what they require, doing searches etc. Exchange will probably happen within 4 weeks. We met with a local student let specialist who confirmed that the higher end student market would enjoy this location, along with the young professionals. If we can get planning approval for the rooms…
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Just a quick project update today, the tenant is still in the property, however the contracts are ready to be finalised as soon as the tenant leaves. Funds are in place and ready to go for this purchase quickly.
Progress! Our credit ratings today have shown a big improvement, and we have moved forward in the process of opening our many bank accounts. One small hoop left to jump through to get up another notch on the credit scale, and it won’t be long now until one of us are eligible for a mortgage.…
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Today we saw 6-7 properties that were in various stages of renovation, and heard the story of each one. Some where amazing deals that would turn an incredible profit, others just 20-30% depending on what you chose to do in the refurb. One property that took our interest was an incredible deal that we would…
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This property came with planning permission for a 7 room HMO. After agreeing to take the deal, we could see that more value can be added STPA of course, with at least 1 extra room and possibly 2 depending on approval and budget. Original Plan The planning came with 7 rooms with ensuites. This however…
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