MF,
Did you get chance to post up the BTL excel models you were using? ... wouldn't mind having a look at them.
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Reply to: Plan B - Next project - BTL and?
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Previously on "Plan B - Next project - BTL and?"
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Originally posted by MarillionFan View Post142k sale agreed.
Is there an idiots guide to Property Development???
Managed to purchase & do up the house for 144k
Building regs already started(took some time to track down as the solicitor failed to get these) and because the build started before changes to building regs in October 2011 I don't need to worry about any buildover agreements with the water board.
First detailed quote in at £60k all in, including insurance, management & completion of architects drawings for a four month build. Sarah Beeny look out!!!
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Originally posted by MarillionFan View Post142k sale agreed.
Is there an idiots guide to Property Development???
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Originally posted by MarillionFan View PostCool.
Least it's not mortgaged.
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Originally posted by sasguru View PostProbably be worth about £60k adter the coming bust
Least it's not mortgaged.
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Originally posted by MarillionFan View PostHow could it go wrong with these plans?
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Originally posted by DimPrawn View PostWhy do I have a feeling this is going to end very badly?
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MF is fielding so far ahead of the next housing boom curve that he hasn't waited for the bust to start first. Even if nominal house prices were to remain static (some if!) housing is a real 10% loss/year?
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Originally posted by MarillionFan View PostI've seem some good results / yields with Allsops. Another property I looked at in Blackwater at 115k needing complete renovation went for 170k. Done up it was only worth 200k.
There is little cheap property near me. 180k for a one bedroomed flat. Rental yields are crap.
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Originally posted by MarillionFan View Post142k sale agreed.
Is there an idiots guide to Property Development???
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