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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This property came from PSW, and receiving their email with the summary document started the process of deciding if it was a good investment, what the strategy would be, if the suggested strategy paid off or not etc. The basics: Purchase: £135,900 Other costs: £5,000 Refurb: £60,000 Total Spend: £200,900 Investor subscribers can see the…
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This property came from PSW, and receiving their email with the summary document started the process of deciding if it was a good investment, what the strategy would be, if the suggested strategy paid off or not etc. The basics: Purchase: £45,000 Other costs: £5,000 Refurb: £15,000 Total Spend: £65,000 Walk score: 77 Very Walkable Port…
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We have a property in Port Talbot to access, this is an unfamiliar area, so here is my full area analysis. Port Talbot has varying neighbourhoods from low end to high end. It is about 15 minutes from Swansea, with a fairly large population. The following are some area stats from my favourite source, Zoopla: Area…
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