Cave Man

Registered with Property118.com
Friday 10th April 2015


Latest Comments

Total Number of Property118 Comments: 5

Cave Man

17:37 PM, 6th August 2017
About 2 years ago

Cave Man

18:36 PM, 5th August 2017
About 2 years ago

Partnership Match Making For Landlords

I have a smaller porfolio (3 properties) that are owned directly on capital repayment mortgages. I have low gearing 47%.

I'm looking to expand and exploring options to incorporate. I am currently looking to add a 4th residential property to the portfolio and separately looking at purchasing a commercial property via a SIPP.... Read More

Cave Man

18:07 PM, 5th August 2017
About 2 years ago

Partnership Match Making For Landlords

How do I contact you Brian?... Read More

Cave Man

7:07 AM, 10th April 2015
About 4 years ago

Advice about re-marketing and credit checks please

Rent Guard are good. I've done 7 checks with them to date. 2 have come back with CCJ's, and one rejected due to affordability criteria.

Been happy with them so far. Remember to use the comprehensive checks. It's worth the extra. Checks cost £30ish. I get the tenant to pay for these. They also check guarantors as well.... Read More

Cave Man

6:56 AM, 10th April 2015
About 4 years ago

Looking to connect with investors who have purchased student pods

Wouldn't touch this with a barge pole.

You can't get a mortgage for these so the only resale is to another investor. Why would they buy second hand with no rent guarantee?

Also After the guarantee period what true rental income will you left with? Most likely nothing to a lot less than the guarantee once you've paid the management fees and start getting true market value rents. This reminds me of the buy a hotel room scheme from a few years ago. Who made money out of that?

I'd guess the guaranteed rent is subsidised by the over priced value in the first place or new properties being sold to cover the guarantees on the old one.

There have been some companies doing this that have already been taken to court/gone bust.

Run while you can.... Read More