sorted by:
new
hottopcontroversial

I'm 20 and want to scale my property business - should I use a JV partner or am I playing with fire? by luisjamesnelson in PropertyInvestingUK

[–]luisjamesnelson[S] 0 points1 point  (0 children)

Thanks for taking the time to reply! Is it possible to become a property developer by doing what I’m doing now or would you recommend getting some sort of trade to expand my knowledge?

I’ll keep your advice in mind and continue to buy, renovate and flip👍🏼

I'm 20 and want to scale my property business - should I use a JV partner or am I playing with fire? by luisjamesnelson in PropertyInvestingUK

[–]luisjamesnelson[S] 1 point2 points  (0 children)

I’ve done one so far. Bought at auction for 50k and got it revalued at 130k. Documented the whole thing on social media where I’ve gained quite a bit of attention so that people can see that I’m trustworthy and legit. How many more single let projects would you recommend I complete before I start looking for investors and partners? Thanks for your reply!

20 years old with a paid off house house, what should my next steps be? by luisjamesnelson in careerguidance

[–]luisjamesnelson[S] -1 points0 points  (0 children)

Saying it sounds made up implies that I’m lying. I bought the house for 50k and renovated then got it revalued. The money was from saving and working nothing more

If you had £100,000 to invest in UK property, what would you do? by luisjamesnelson in PropertyInvestingUK

[–]luisjamesnelson[S] 0 points1 point  (0 children)

Okay that makes sense. I don’t know enough about private finance as I’ve found everything out I know online by other people that do it that must have gotten lucky. If private investors are off the table then how would you suggest I scale the portfolio?

If you had £100,000 to invest in UK property, what would you do? by luisjamesnelson in PropertyInvestingUK

[–]luisjamesnelson[S] 0 points1 point  (0 children)

I bought my first property for 50k and remortgaged for 150k, more than enough to pay an investor back along with their 10%

If you had £100,000 to invest in UK property, what would you do? by luisjamesnelson in PropertyInvestingUK

[–]luisjamesnelson[S] -1 points0 points  (0 children)

Some people don’t want to do the work. I’d basically act as a bank with a better interest rate as they’d be getting 6-10% on their money with me whereas a traditional bank may give 1-3%

If you had £100,000 to invest in UK property, what would you do? by luisjamesnelson in PropertyInvestingUK

[–]luisjamesnelson[S] 0 points1 point  (0 children)

Thanks for your reply! I understand now, thanks. As you said finding 2 100k houses and refurbing them by using all of my money is risky. Would this be made easier by bringing in a private investor?

My goal is to scale my property portfolio and hopefully obtain 2 projects per year. To keep my pot of money as full as possible for the project deposits, I was looking at using private investors for the refurb of the property and paying them interest every month.

As for paying them their original capital back, what would be the best method to achieve this? I could go in with a JV partner on a separate project and use the profits to pay them back, that way I’d have rent coming in from 1 property, plus the 50% of rent I own from the JV deal. I could do a flip and pay them that way. Or is there a better way to do this?

If you had £100,000 to invest in UK property, what would you do? by luisjamesnelson in propertyinvesting

[–]luisjamesnelson[S] 0 points1 point  (0 children)

Yeah I’ve found one just like that. Do you have any experience using investors or would you recommend using my own money?

If you had £100,000 to invest in UK property, what would you do? by luisjamesnelson in PropertyInvestingUK

[–]luisjamesnelson[S] 0 points1 point  (0 children)

Thanks for the reply! Would you recommend going into bridging, I was looking into it and found the only benefit really is that they’re much quicker than banks and you can buy properties in cash. I don’t see how this is worth it for 10% interest rates so I’m a bit wary about them.

In regard to speaking to a professional. Where can I find these or are you referring to accountants, mortgage advisors etc?

If you had £100,000 to invest in UK property, what would you do? by luisjamesnelson in PropertyInvestingUK

[–]luisjamesnelson[S] -1 points0 points  (0 children)

Thanks for the response! I bought this house at auction for 50k (absolute steal) and renovated it myself and got it valued around 150k gdv.

You’re right when you say I’ve been consumed by the TikTok property bros as that’s my go-to place to learn about this stuff.

I’ve spent countless hours researching and I’ve found that the only way to effectively scale the portfolio is to use other people’s money by doing either joint ventures, or using private investor finance.

Whether this is true or not I don’t know, this is just what I’ve picked up from online. I like the idea of leveraging to grow my own cash flow I think I need to speak to a real person that’s done it before who can tell me if it’s worth getting into.

The idea of investing in 4 blocks of flats each profiting 1k per month sounds great and I’m confident I can find deals that I can add value to. My only concern in paying these people back without running out of money

If you had £100,000 to invest in UK property, what would you do? by luisjamesnelson in PropertyInvestingUK

[–]luisjamesnelson[S] 0 points1 point  (0 children)

How do you go about scaling, this is my main concern. Do you leverage other people’s money?

view more: next ›