Joe Galvin
Joe Galvin
Registered with Property118.com
1st December 2015
Total Posts
0
Total Comments
19
Registered with Property118.com
1st December 2015
Total Posts
0
Total Comments
19
Reply to comment left by Old Mrs Landlord at 29/09/2016 - 07:28
Reply to the comment left by "Old Mrs Landlord" at "29/09/2016 - 07:28": It has already started I have a colleague from EE and they are already struggling to find replacements for their HMO - first time in a decade....
Read More →Reply to comment left by Jon Pipllman at 28/09/2016 - 23:01
Reply to the comment left by "Jon Pipllman" at "28/09/2016 - 23:01": As Jon perfectly pointed out suddenly the whole western world have started on high prices and investment money and more likely than not this will go on for...
Read More →Reply to comment left by Gordon Comstock at 08/12/2015 - 18:26
Reply to the comment left by "Gordon Comstock" at "08/12/2015 - 18:26": I totally agree with everything you said. Also while US gun lobby has hundreds of millions supporters, btl in uk have maybe a few tens of thousands.
Read More →Reply to comment left by Joe Galvin at 08/12/2015 - 18:11
Reply to the comment left by "Joe Galvin" at "08/12/2015 - 18:11": Saying that it almost looks like to me that he is preparing to clamp down on btl. Now he forces everyone into "safe" limited companies (and makes a...
Read More →Reply to comment left by Ros . at 08/12/2015 - 17:48
Reply to the comment left by "Ros ." at "08/12/2015 - 17:48": I've already explained it in a different thread. First reason is that all incorporated business MUST HAVE proper accountig system in place, they cannot avoid this, while the...
Read More →Reply to comment left by Ros . at 08/12/2015 - 17:01
Reply to the comment left by "Ros ." at "08/12/2015 - 17:01": If you want to be handled like a business, you should incorporate like a business, I suppose that's the idea.
Read More →Reply to comment left by Jonathan Clarke at 08/12/2015 - 17:22
Reply to the comment left by "Jonathan Clarke" at "08/12/2015 - 17:22": Back home with their savings or somewhere else, where they are financially better off. Could you please show a town in the UK, where you cannot find a...
Read More →Reply to comment left by Jonathan Clarke at 08/12/2015 - 15:41
Reply to the comment left by "Jonathan Clarke" at "08/12/2015 - 15:41": Well, if there are that many people who could afford to rent, but still live in a garage, shed, tent, car, public parks etc..., why would they all...
Read More →Reply to comment left by Jonathan Clarke at 08/12/2015 - 13:20
Reply to the comment left by "Jonathan Clarke" at "08/12/2015 - 13:20": How could there be more tenants than properties? Where are those excess tenants living now? I think these mass S21-s would be like the paris terror attacks, they...
Read More →Reply to comment left by Ros . at 08/12/2015 - 10:27
Reply to the comment left by "Ros ." at "08/12/2015 - 10:27": Sorry to say, but I am not sure it is them who have no idea about the business. In case of a "classic" business if regulations or demand...
Read More →Reply to comment left by Jonathan Clarke at 07/12/2015 - 09:08
Reply to the comment left by "Jonathan Clarke" at "07/12/2015 - 09:08": I don't think confrontation would be a good idea, imo it is way better if things are calm and friendly and the money silently flows towards us in...
Read More →Reply to comment left by Bob Plumb at 06/12/2015 - 12:24
Reply to the comment left by "Bob Plumb" at "06/12/2015 - 12:24": "My attitude has hardened especially since the chancellor started attacking landlords. Now I am gunning for every penny I can get." My experience is that it is much...
Read More →Reply to comment left by Ros . at 02/12/2015 - 23:26
Reply to the comment left by "Ros ." at "02/12/2015 - 23:26": Problem with putting up the rent is that a lot of the rental demand comes from immigrants - especially in SE - and while most of the british...
Read More →Reply to comment left by Ros . at 02/12/2015 - 23:26
Reply to the comment left by "Ros ." at "02/12/2015 - 23:26": Problem with putting up the rent is that a lot of the rental demand comes from immigrants - especially in SE - and while most of the british...
Read More →Reply to comment left by KATHY MILLER at 02/12/2015 - 07:12
Reply to the comment left by "KATHY MILLER" at "02/12/2015 - 07:12": He needs the money, so he plans to make a bit while doing this. I think he knows something we don't know about the future of BTL, or...
Read More →Reply to comment left by John McKay at 01/12/2015 - 18:27
Reply to the comment left by "John McKay" at "01/12/2015 - 18:27": I think osborne knows exactly what he is doing. Incorporation of landlords will definitely raise the accounting standards and tax paid, as corporations have less room to "forget"...
Read More →Reply to comment left by Natalie Wilmot at 01/12/2015 - 16:39
Reply to the comment left by "Natalie Wilmot" at "01/12/2015 - 16:39": Yes, CGT would be high, but you would still make a nice profit on your original investment, especially if you'd started the business 20 years ago you had...
Read More →Reply to comment left by Natalie Wilmot at 01/12/2015 - 11:17
Reply to the comment left by "Natalie Wilmot" at "01/12/2015 - 11:17": In other words you pay an average 4% interest yearly on your mortgages, but the yearly gross rental income after expenses is just 2.7%, so the mortgaged properties...
Read More →1st December 2015, 10 years ago
The main problem here is the low yield and the interest only loans. The calculated pre-budget income is only 0.68% of the value of the portfolio, you could get better in a bank account. You don't have any safety margin,...
Read More →