We are using 2 of our properties to secure a 64% LTV bridging loan with a commercial lender called Together Finance. We want to start relationships with the bridge loan companies and banks, and prove our capital adequacy and credit worthiness. So for now, we will pay the large interest rate (detailed below) and set…
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Here are some photos of the state in which we received the property before we started work on it. [s2If !is_user_logged_in()] Below here is some more info for people we know and trust. Check out how to read it here. [/s2If] [s2If current_user_can(access_s2member_level1)] [/s2If]
A nice little flip came through today, with a tidy profit margin, perfect to finish the Invest 1 plan off so we decided to take it up, as the numbers work. This property would make a great Buy To Let (BTL) however the current strategy calls for a flip at this time, so we are…
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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.
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.
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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