j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188 
Likes: 540
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SPV 33
Dec 10, 2015 23:51:38 GMT
Post by j on Dec 10, 2015 23:51:38 GMT
Odd! Usually pm send an email for new props but his one seems to have been 10%+ funded with no notification. I like HMOs & this one lloks like a decent proposition.
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paulgul
Member of DD Central
Posts: 401
Likes: 92
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SPV 33
Dec 11, 2015 9:05:55 GMT
Post by paulgul on Dec 11, 2015 9:05:55 GMT
Agreed, the 3 year rent agreement and 1st year maintance makes it look good
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pom
Member of DD Central
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SPV 33
Dec 11, 2015 9:36:29 GMT
Post by pom on Dec 11, 2015 9:36:29 GMT
They probably just haven't sent the mail yet - usually when I get an email I've already invested
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adrianc
Member of DD Central
Posts: 9,978
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SPV 33
Dec 11, 2015 10:26:11 GMT
Post by adrianc on Dec 11, 2015 10:26:11 GMT
They probably just haven't sent the mail yet - usually when I get an email I've already invested It's just arrived with me.
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ben
Posts: 2,020
Likes: 589
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SPV 33
Dec 11, 2015 13:05:30 GMT
Post by ben on Dec 11, 2015 13:05:30 GMT
same here looks interesting I am guessing the £937 is how much the rent will be each month
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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SPV 33
Dec 11, 2015 18:25:51 GMT
Post by j on Dec 11, 2015 18:25:51 GMT
Got the email now. Looks like it's filling up faster now @ 31% with quite a few positives in the proposition. Hope they source some more like this one.
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ben
Posts: 2,020
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SPV 33
Dec 11, 2015 18:55:38 GMT
Post by ben on Dec 11, 2015 18:55:38 GMT
looks good on the surface so will see
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
|
SPV 33
Dec 11, 2015 19:05:34 GMT
Post by j on Dec 11, 2015 19:05:34 GMT
I'm more comfortable also with the point that they factored only 3% capital growth. Whilst I usually do my calcs on even less that 3%, it's more realistic than one recent one suggesting a 5% growth pa!
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ben
Posts: 2,020
Likes: 589
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SPV 33
Dec 11, 2015 20:18:11 GMT
Post by ben on Dec 11, 2015 20:18:11 GMT
I sometimes think its a bit optomistic too
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SPV 33
Dec 14, 2015 16:40:12 GMT
Post by baglan on Dec 14, 2015 16:40:12 GMT
I agree the figures presented look good but I don't understand the property purchase price and rental values. PM mention a property price of £115k and a value after renovation of £150k yet other 3 bed terraced houses in the area are up with local agents for about £80k. Similarly the rent at £953 pm shared between tenants is about £238 pm each while you can rent a modern 2 bed flat or three bed terraced house in the area for about £350 pm (and not share with others). Am I missing something?
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pom
Member of DD Central
Posts: 1,922
Likes: 1,244
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SPV 33
Dec 14, 2015 17:00:51 GMT
Post by pom on Dec 14, 2015 17:00:51 GMT
I agree the figures presented look good but I don't understand the property purchase price and rental values. PM mention a property price of £115k and a value after renovation of £150k yet other 3 bed terraced houses in the area are up with local agents for about £80k. Similarly the rent at £953 pm shared between tenants is about £238 pm each while you can rent a modern 2 bed flat or three bed terraced house in the area for about £350 pm (and not share with others). Am I missing something? HMOs are different... "As a HMO property, it has been valued as a commercial investment, which is different to a normal buy to let investment as it is based on rental yield and not specifically bricks and mortar value." As for rents, yeah if you can afford to not to have to share then fine, but if you can't - and don't already know anyone to share the rent with then an HMO rent will look pretty good
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ben
Posts: 2,020
Likes: 589
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SPV 33
Dec 14, 2015 21:48:54 GMT
Post by ben on Dec 14, 2015 21:48:54 GMT
I agree the figures presented look good but I don't understand the property purchase price and rental values. PM mention a property price of £115k and a value after renovation of £150k yet other 3 bed terraced houses in the area are up with local agents for about £80k. Similarly the rent at £953 pm shared between tenants is about £238 pm each while you can rent a modern 2 bed flat or three bed terraced house in the area for about £350 pm (and not share with others). Am I missing something? HMOs are different... "As a HMO property, it has been valued as a commercial investment, which is different to a normal buy to let investment as it is based on rental yield and not specifically bricks and mortar value." As for rents, yeah if you can afford to not to have to share then fine, but if you can't - and don't already know anyone to share the rent with then an HMO rent will look pretty good I would also guess the other bills would be split to so could be quite a bit cheaper
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ben
Posts: 2,020
Likes: 589
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SPV 33
Dec 16, 2015 22:20:06 GMT
Post by ben on Dec 16, 2015 22:20:06 GMT
that one went pretty quick looks like the option of having it guaranteed rented out was quite popular, the new hartlepool one seems to be going quite quick to
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