Tenant referencing has now evolved to the extent that insurance companies are prepared to underwrite the risks associated with the financing of Advanced Rent payments, allowing landlords to secure payment of up to six months rent up front. The insurance company underwrites the entire cost of the Advanced Rent and collection of monthly rent payments from the tenant. Continue reading Advanced Rent – is this the ultimate assurance for landlords?
IFA Howard Reuban
Guest article by Howard Reuben IFA
I am not a salesman, but ……….. buy it whilst it’s cheap!
If you are considering your life cover plans at the moment or if you need to arrange life insurance over the next few months or so, please note that the new EU Gender Directive starts on 21st December of this year and as a consequence, insurance rates are increasing!
In December 2012 new European legislation will mean that women will pay the same as men for insurance – such as car insurance and life cover. Continue reading EU Gender Directive forcing all Life Insurance rates Up
A former Pub, Alexandra House in Sheffield, will still be put to good use by local Sheffield Hallam University Students by being refurbished into High-End student accommodation.
23 boutique en-suite studios are being offered to property investors with a 10% net return assured for one year. If you take a look at the amenities available I can’t believe how life has changed since I was a student in the late 80s with not even a mobile phone and still protesting about having to pay Margaret Thatchers Poll tax ! Continue reading Sheffield Student accommodation with 10% Net return
Wealthy parents and property investors are buying up ultra modern apartments to rent to students in 2013.
Remember the TV programme “The Young Ones” and Alexie Sayle as the Landlord?
How times have moved on since the 80’s hey?
Just watch the video on this advert (second picture down).
They even have a Costa Coffee bar in the building!!! Continue reading Too Good For Students?
This weekend I received an email from Cissie asking “If I move into a buy to let property which has been let for several years, and sell it after 6 months or a year, can I avoid CGT ? “
It’s a very interesting question, one which is close to my own heart as my parents investigated that strategy before jumping in head first. There isn’t a black and white Yes or No answer to this one, as my accountant often says to me “it depends”. Continue reading Exit plan – move in before selling up to avoid CGT
With so many buy to let property investors now considering buy/refurb/sell deals I feel the time is right to explain the tax treatment of property development vs property investment.
For example, did you knowthat buy/refurb/sell deals are taxed as a trade (property development) and CGT annual exemptions can not be claimed on disposal?
Continue reading Tax Treatment of Property Development vs Property Investment
When it comes to deciding where & how to invest, one of the most vital things a novice investor can do is to become an expert on due diligence and research … not just of potential property deals, but also of people and companies offering portfolio building services, joint ventures, mentoring and deal sourcing.
The property investment world has a seedy & un-regulated under-belly patrolled by wealth creation gurus. Many novice investors fall prey to their charms and promises of easy riches. Continue reading Guru crash! UK property scams discussed
Priced from just £35,500 these Sunderland buy to let investments an ideal for property investors seeking immediate income generating student accommodation.
Be quick though, the marketing of these properties commenced just two weeks ago and 50% are sold already. Continue reading Immediate Income Generating Student Accommodation
Mentoring courses and property networking – have I been a Plonker Rodney?
What a plonka!
Are landlord mentoring courses value for money and are many of the property networking meetings we get invited to simply a sales pitch?
When I started investing in property, back in the late 1990’s, there was no such thing as buying below market value (BMV) because the housing market was absolutely booming. Even if you were prepared to pay the FULL asking price for a property – the investor was at risk of being gazumped by a more enthusiastic investor or a first time buyer (anyone remember them?) who would pay OVER the asking price to secure their dream investment/home. Continue reading Mentoring courses and property networking
My vintage year was 2003. I was followed for 24 hours by a camera crew to make a TV program about young entrepreneurs. By then I had 100 people working for me selling buy to let mortgages and turnover from mortgage sales was £7 million a year. In 2003 I also purchased my first built to order super-car, a Ferrari 360 Spider. I visited the worlds best hotel and had a suite with a butler at the Burj al-Arab in Dubai. In 2003 my property portfolio made me an extra £1 million in 2003 without lifting a finger. It was a bitter sweet year though as I also lost one of my dearest friends in a car crash at the end of 2002. My friend David was one of the first people to start working with us, he lived with my wife and I for three days every other week and the same with my business partner on the alternate weeks for several years. That all started whilst he was going through a messy divorce. He continued commuting between Norwich and Halifax for work even after getting re-married until the saddest day of my life. I received a call telling me that David’s his car had left the road and flipped several times killing him instantly. He’d left our office only a few hours before and was on the way home to see his new wife and new born baby. It was that which changed my outlook on life forever and was also the reason I started to enjoy my wealth. We never know how long we’ve got left. As they say, there are no rehearsals in life. Continue reading My BuyToLet Portfolio “Vintage 2003” – part 8 of my latest series