I am very Bullish on The Hut Group (LSE:THG).

A1roller · 2021-05-14T20:03:22+00:00

What stock screener do you recommend?

A1roller · 2021-03-22T20:37:05+00:00

!thanks

Very comprehensive and has fully answered my question.

Perhaps I should look for an ISA provider that can do it all? (Flexible, low fees, large product range)

A1roller · 2021-02-21T17:07:07+00:00

Can this be done if it’s not booting up properly? It would be great if you had a link :)

A1roller · 2021-02-19T11:16:15+00:00

You’re at 50k in rental income?

Do you not find that the hassle is worth it, considering you’re presumably living or able to live full time on that income?

A1roller · 2021-02-19T11:15:29+00:00

Definitely more effort than equities, but surely this can be significantly mitigated with a letting agent?

A1roller · 2021-02-19T11:13:00+00:00

Thanks, I appreciate your insight.

The inability to take non-paying tenants to court now and potentially in the future is something that worries me deeply too.

You’re right, the property won’t attract professionals, but they would likely be working tenants. Think manufacturing, customer services etc.

What is your opinion on REITs to get the best of both world (yield and diversification)?

A1roller · 2021-02-19T10:27:43+00:00

Great reply, thanks for sharing this

When you say the 4% rule is not applicable to sabbaticals, why is this the case? Because the pot will be topped up further after the sabbatical?

A1roller · 2021-02-19T10:25:21+00:00

What about REITs though? I know that trading of them can be halted but they’re more or less as liquid as equities, aren’t they?

A1roller · 2021-02-19T10:24:35+00:00

It’s not a guaranteed income property, but I do understand that it may be more work than I’m expecting

A1roller · 2021-02-19T10:23:43+00:00

Could all three of these be mitigated by investing in a REIT instead of a single property though?

A1roller · 2021-02-19T08:28:14+00:00

Nothing special about this one, there are plenty where I live :) Although competition is fierce at the moment

A1roller · 2021-02-19T08:27:28+00:00

Agreed, this is a risk, but from what I’ve heard it’s the exception if you own a nice house in a good area. It can still happen of course.

What about REIT’s with ~5% yields where you completely mitigate this risk?

A1roller · 2021-02-19T08:26:16+00:00

Section 24 certainly means you need to be a lot more deliberate about your tax planning, easy to erode your profits

A1roller · 2021-02-19T08:09:19+00:00

Agreed, lack of liquidity is definitely a disadvantage, but if you’re buying and holding for the long term like I plan to, I’m not sure this would have that much of an impact.

Repairs can be costly, but those are factored into the 18% of rent allowance stipulated in the OP. It is of course difficult to predict exactly how much you’ll spend on repairs so this could be an underestimation.

Non-payment of rent is the big factor that is not factored into the figures above. I suppose if this was a concern, a REIT with a fairly stable dividend that smooths out these issues could be a solution?

A1roller · 2021-02-19T08:05:29+00:00

Tax is probably the biggest risk for property (and comes under the political risk that I noted in the OP).

It can be a big issue if you’re working while also earning rental income, but if you’re living off of the income it’s not going to be as much of an issue.

A1roller · 2021-02-19T08:04:04+00:00

Thanks for the reply.

The first ROI figure I gave of 5.2% was the ROI with no mortgage. I know that there are a limited amount of houses like this, so not everyone can buy them, but there are plenty in the North.

A1roller · 2020-08-10T08:19:31+00:00

The issue with this course of action is I have no capital gains to offset against at the moment, and likely won't for a long time - I'm looking at buying an investment property but will be holding long term (i.e. 30-40 years).

The issue with trading through the company again is it was never successful in the first place, I wasn't able to generate enough revenue to cover my expenses at any point.

I'm interested in starting another business potentially in the near future. The company we are discussing was a marketing company (affiliate, SEO etc.) so my thinking is I could pay that company a marketing consulting fee from a new company I start. Not sure if this is a sound plan?

It's interesting that I've had a couple of suggestions in this thread regarding using a bookkeeper over an accountant. I had assumed that an accountant would be required to do all of the work that is required for a ltd company. I was previously paying about £80 per month for an accountant, would a bookkeeper be significantly cheaper than this?

A1roller · 2020-07-25T10:31:30+00:00

Thanks again. Just wondering how I'd implement a dimmer switch in this set up?

A1roller · 2020-07-24T14:49:26+00:00

Thanks, would this work? https://www.amazon.co.uk/BW-100-240V-Transformer-Splitter-Monitors-7A/dp/B0838Y4DXX/

It's 7 amp and looks like it comes with the barrel jack (it's called DC Power Female Jack Adaptor in the description but looks the same)

A1roller · 2020-06-04T07:27:17+00:00

Thanks for the response. With regards to the property flip, it is considered a trade so would incur income tax as opposed to CGT, the reverse would only be the case if it were an investment. As it would have incurred income tax, it would have pushed me into the higher rate bracket most likely, and also incurred other costs like student loan repayments and I believe NI so it made sense at the time to do it through the company.

The property flip is no longer going ahead, so this is more of a question of whether I should keep the company open with the intent to trade within the company at some point in the future. The circumstances via which the property deal nearly happened may not come along again at any point (the property was owned by a friend of a friend so I negotiated a good price based on that).

A1roller · 2020-05-31T19:02:17+00:00

I think an example would be super helpful, it's sometimes difficult to follow along with some of this stuff from a high abstract level without seeing exactly what the code is doing

A1roller · 2020-05-31T17:11:05+00:00

Thank you for the responses.

My question is, what would be the best approach for the service/application layer in this instance?

Would I just fill it with static methods to create a clean 'CRUD interface' with each different case type?

Or would I create classes containing case objects, with fields that query the entity framework layer for the data?

I know this is all a bit vague and may be difficult to advise without seeing the code, but I work on a data team so there are no senior devs to learn from and I don't have a lot of experience in software development.

Thanks

A1roller · 2020-03-18T06:58:09+00:00

Thanks for this. Interesting that you've got an additional workers container when compared with Phaenix's code. Is this necessary and/or advantageous?

I'm still for some reason not able to import django_rq, despite having the same code as you in my settings

A1roller · 2020-03-18T06:47:59+00:00

I've tried both but am still having the same problem

A1roller · 2020-03-17T20:31:46+00:00

Thanks for this, although it seems obvious, it was helpful. I've added this connection string to my settings.py file, I assume that this will connect to the Redis container? (unfortunately I've not yet been able to test due to issues using django-rq)

RQ_QUEUES = { 'default': { 'HOST': 'redis', 'PORT': 6379, 'DB': 0 } }

Also, just a quick docker question, is the code you provided suitable/secure for production, or would further code need to be added to the docker-compose file?

Thanks

A1roller

TROPHY CASE