Property and UK Tax Part 6 Occasionally I meet property investors who are very earnest and who tell me that their main priority is to leave a legacy for their children. What they would really like to do is to set up their businesses in such a way that they could have what would…
Property and UK Tax (Part 4) This week, it’s time to think about how to structure our companies and also about SIC codes (or Standard Industrial Classification) for our property businesses. Firstly, let’s think about how to structure our business if we are to undertake various property activities. You might wonder if we could…
This week I want to look into whether there is actually any truth in the statement that house prices double every ten years, and look at an example “in practise” in the video below. Whilst this video may not have the exact answer, it does help to give us a clue of UK trends. Back…
It’s time to think about how to get finance for our limited companies – in particular, for buy to let properties. To do this, we need to think about what an SPV is from the bank’s point of view. From the bank’s point of view, the SPV is going to be a limited…
Last week we looked at what an SPV is and how it is not a specific type of entity but instead a vehicle that is used for a specific purpose to help you achieve your goals. We also considered that it could be a limited company, partnership, LLP or any other type of entity. This…
What do we need to do before we buy our first buy to let investment property? Surely all we need to do is go down to the local estate agents, choose one, and buy it? Sadly, that is how some people treat property investment and perhaps, not surprisingly, they are the ones who are most…
Many new investors are often confused about what to do next having decided upon a possible investment area or areas. A classic mistake is often to jump in and start researching properties for sale with a view to identifying a specific property for purchase. This is NOT the first thing you should do. Researching which…
BMV sales themselves can set the tone of value, rendering the price paid the true value and not a discounted value. This concept is heightened when buying property from developers, particularly with regard to buying off plan. With this in mind, in this video I consider whether it’s truly possible to buy a property at…
Many assume that a property’s asking price equates to its value. It doesn’t, or at least, it might or might not, and it’s important not to assume that the asking price reflects the true market value. In this video I take a look at the major flaws with BMV and consider why valuation is an art, not…
The biggest mistake I see time and time again is that buy to let investors put very little thought into what they buy or why they are buying it. As a consequence, many buy the wrong property or properties, which are totally unsuitable for their needs or goals. The key to becoming successful in property…