So, if we go in through the hall and then turn right we come to what is probably the master bedroom, and it’s all very dated, there’s a couple of heaters there, looks like one’s a gas and one’s an electric. They need to be replaced with proper central heating, and there’s some damp staining…
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Peter: So Alasdair, I mean limited companies are all good, that’s all good. One of the things which the bank will be looking at, whether you are buying in your own name or whether you are doing it through a limited company, as you’ve already alluded to is the rental of the property when you’re…
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I had a great question in the other day from one of my subscribers to youtube who was asking pretty much ‘how does one finance a title split?’, so I thought it would be a good idea just to do a very quick video on title splits. I have done a title split, and although…
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How’d you like to refurb this kitchen, this looks so so tempting and tantalizing. It’s got this really old range of cupboards there, sort of freestanding freezer, chest freezer, in the corner, look at that washing machine and underneath the sink unit, but it’s all a bit basic. Fridge and freestanding cooker, bits and pieces…
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What do I do about Proof of Funds?
When do I get a DIP (Decision in Principle) for my Buy to Let?
Do I find the property first?
Or do I get the DIP first?<
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Look at this property. Somebody’s left it as a right old mess but it’d make a lovely refurb project for one of our buy to lets. But the key question is, if we were going to try and buy this as a buy to let so that we could do the refurb, how would we…
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But could he be someone who controls property without owning it, but can receive the benefits of ownership anyway?
Yes, there are ways of doing that.
There are a number of cheap, low money, not much money required, No Money Down, entry point strategies which he could use, even if he has no money, or limited funds.
I had a really interesting question from a viewer on YouTube asking whether the mortgage on his home should be interest only (to help his cash flow and so he could allocate more funds to his buy to lets).
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I would like to find out a little more about a joint venture, preferably on a BRR approach than a straight loan. Roughly, how would this work:
a) find a deal and then find a JV to match the deal
b) find a JV partner and then find a deal together.
I’m quite often asked, “Peter, can I borrow the deposit money for my buy to let, and finance the rest on a buy to let mortgage?”
Or, alternatively, I’ll be contacted by someone who says, “I’m about to buy a property with a buy to let mortgage and I’m borrowing the deposit from my friend/business partner/ JV partner who I met at the local property network meeting”.
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