#buildtokeep

#Investing in #property in the UK (or anywhere) 1. #Buildtokeep or #buildtosell you will need to know what your target buyers / tenants need. Basic stuff yes however you would be very surprised how many projects people take on with zero knowledge about the area and demands for a certain property type. 1 bed? 2 bed? 3 bed? and so on. Flats, houses, #HMO, #servicedaccommodationEach has its own criteria for analysis. 2. Location is super important in-line with the information in point one. No pint in building a load of family homes where demand for 1/2 beds is higher and has a greater GDV and return on your capital. The knowledge to identify upcoming areas where properties are likely to increase in value and where to get this readily available information. Where is the highest yield or highest capital appreciation? What to do in each area. 3. Learn from others who have made mistakes so you can avoid them. Get comfortable paying for the right advice – if you think good advice is expensive wait until you get the bill for bad advice 4. Where to get finance and who to call on for the best deals that are not on the high street. Residential or commercial mortgage? Private funding, on shore, off shore and so on. What insurance, building regulations and planning permissions will you need from the start and on-going. 5. Of course you will need to find the deals first. Having the knowledge above will mean you save time and have the knowledge to articulate what it is you need and who to speak to. Funding is simple once you have the right deal. How do you know what the right deal is? Many claim to know, most of these are trying to flog you a deal that is not a true deal. Our analysis and due diligence asks us to answer over 4o questions for an initial view point on whether it’s a deal or not. This can take over a week or more to determine how much profit we will make. 6. On top of this there are times during a build that we look to enhance a scheme – to do this there must have been a plan from the outset to make sure the architect etc. have made provisions to do so by way of what footings to use if planning to add a penthouse for example. https://www.instagram.com/p/BqhOsovAnXT/?utm_source=ig_tumblr_share&igshid=11s4fb3z6hgx0

#Investing in #property in the UK (or anywhere) 1. #Buildtokeep or #buildtosell you will need to know what your target buyers / tenants need. Basic stuff yes however you would be very surprised how many projects people take on with zero knowledge about the area and demands for a certain property type. 1 bed? 2 bed? 3 bed? and so on. Flats, houses, #HMO, #servicedaccommodationEach has its own criteria for analysis. 2. Location is super important in-line with the information in point one. No pint in building a load of family homes where demand for 1/2 beds is higher and has a greater GDV and return on your capital. The knowledge to identify upcoming areas where properties are likely to increase in value and where to get this readily available information. Where is the highest yield or highest capital appreciation? What to do in each area. 3. Learn from others who have made mistakes so you can avoid them. Get comfortable paying for the right advice – if you think good advice is expensive wait until you get the bill for bad advice 4. Where to get finance and who to call on for the best deals that are not on the high street. Residential or commercial mortgage? Private funding, on shore, off shore and so on. What insurance, building regulations and planning permissions will you need from the start and on-going. 5. Of course you will need to find the deals first. Having the knowledge above will mean you save time and have the knowledge to articulate what it is you need and who to speak to. Funding is simple once you have the right deal. How do you know what the right deal is? Many claim to know, most of these are trying to flog you a deal that is not a true deal. Our analysis and due diligence asks us to answer over 4o questions for an initial view point on whether it’s a deal or not. This can take over a week or more to determine how much profit we will make. 6. On top of this there are times during a build that we look to enhance a scheme – to do this there must have been a plan from the outset to make sure the architect etc. have made provisions to do so by way of what footings to use if planning to add a penthouse for example. https://www.instagram.com/p/BqhOsovAnXT/?utm_source=ig_tumblr_share&igshid=149ri0suzyj1