Dan Sawyer Cherry Picked Properties

Registered with Property118.com
Sunday 29th June 2014


Latest Comments

Total Number of Property118 Comments: 9

Dan Sawyer Cherry Picked Properties

21:09 PM, 18th March 2015
About 5 years ago

Glasgow/Leeds/Manchester or save for a year to buy in London?

Reply to the comment left by "Vlad Eremenko" at "17/03/2015 - 23:29":

Hi Vlad,

On average people in the industry say that you should account for 25-30% less than the 12 months rent after all charges. With new build or apartments you tend to have to pay service charges and ground rent however this is normally offset when buying well by almost zero void periods (maybe a week).

With houses you don't have these expenses however repairs and voids tend to be higher as they are older properties in areas where you can expect a month void period.

Agent fees can be as little as 5% however you'll get what you pay for so I wouldn't use a company that low. 12% I'd say is high is high and 10% is a standard rate.
My main cities are Manchester and Liverpool which you could maybe consider as Glasgow would be similar to investing in France for you in terms of distance!

You're more than welcome to contact me. I'm not sure if there's a way of me giving you my details without attracting spam by putting my email or phone number on here?

Mark?... Read More

Dan Sawyer Cherry Picked Properties

16:02 PM, 17th March 2015
About 5 years ago

Glasgow/Leeds/Manchester or save for a year to buy in London?

Reply to the comment left by "Mark Alexander" at "17/03/2015 - 15:46":

Hi Mark,

Thank you.

Great idea and I'm sure i'll be able to use it. Will there be an option to buy or sell vacant properties as well?

Dan... Read More

Dan Sawyer Cherry Picked Properties

15:44 PM, 17th March 2015
About 5 years ago

Glasgow/Leeds/Manchester or save for a year to buy in London?

I think we buy different types of properties Ian.

To clarify, the properties I'm talking about are the 8% yields in good areas that have little or no void periods, experience high growth and that suit professional tenants. There are plenty of resale comparables for these.

If by "best yields" you mean circa 10% plus in less affluent areas then this is when i agree with you, do not buy far away from where you live as the management will be a nightmare! You'll receive little growth as these areas are still depressed with few job prospects so DSS and benefit tenants will be your market. Not a market I would target by proxy if at all if you're an armchair or first time investor.

Whilst I advocate buying for yield over capital growth, there is a sliding scale and somewhere in the middle will give you a well balanced portfolio and the best of both worlds.... Read More

Dan Sawyer Cherry Picked Properties

13:39 PM, 17th March 2015
About 5 years ago

Glasgow/Leeds/Manchester or save for a year to buy in London?

One can quite easily research and verify the figures that are claimed with all the online property tools that are out there but in addition to this..

-Call the local agents.
-Come and view the property in person
-Meet the company / consultant in person
-Get a building survey if not new build

I agree that valuations aren't worth the paper they're written on when used to promote a discount. Even when there are owner occupiers around I'm wary of them. Achieved sales on like for like properties is what to look for.

I hope that the 118 readers will adopt some common sense and not plunge in without verifying what they are being told or at least I'd like to think so given the amount of money they're potentially investing.

Guaranteed yields (often on student or international) are the ones to avoid as it firstly you can't offer guaranteed rents in this unregulated market and secondly if they're offering a guarantee you can bet that it's built into the inflated price.... Read More

Dan Sawyer Cherry Picked Properties

11:40 AM, 17th March 2015
About 5 years ago

Glasgow/Leeds/Manchester or save for a year to buy in London?

Reply to the comment left by "Ian Ringrose" at "17/03/2015 - 11:08":

Hi Ian,

I agree that they shouldn't go at it alone as that could be costly.

However, I act for London investors that pay a sourcing fee for my expertise and local knowledge that allows them to invest further afield where potentially higher returns can be found. It also takes care of the project management side if there are works to be done which again if not local would be an issue.

Choose your property investment consultant very carefully as should you seek help this aspect will be one of the most important investment decisions you will make. Property investment is unregulated and so sadly there are dozens of companies that will sell anything to get a fee!

Dan Sawyer... Read More