UK BTL and renovation advice required for avid P118 readersMake Text Bigger
With immense joy and interest I’m devouring all Property118 articles. What a wealth of experience and knowledge you all have! And what generosity to share this wealth with others.
My husband and I are a newly retired Dutch(me)/English couple who have lived in Australia for 32 years. We are experienced BTL investors and renovators, however, have no experience in the UK.
We plan to move November/December (currently living in the Netherlands) and have Kent or East Sussex seaside in our sights. We have 3 models in mind to start our business in the UK;
1) Start with a cheap renovation (cash buy) to get to know the UK market/processes and reading/learning as much as we can before we take the plunge.
2) We’re even interested in moving into a run down property and do it up (cosmetic only) for the landlord/lady while we live in it in exchange for free rent or on a form of cost-share basis, again to learn the ropes and move on from there.
3) We’re also considering a JV with an experienced renovator where we offer our time and labour in exchange for on the job training/knowledge. Must be someone who enjoys teaching!
We intend to do a few renovations first to create a cash buffer before we venture in the BTL business.
Any ideas anyone? This is my first UK forum post so I will be looking forward to anything you can help me with.
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