#144
I’m in Derby.
It’s the final day of my UK Property Tour.
Today, I have to take the hire car back to Nottingham and then the train south to London.
I also have two final meetings I’ve arranged. One with a second sourcer, who we’ll call Sourcer 2 and another with an HMO interior design team.
But that’s not what’s at the front of my mind on this mid-February morning in 2024 as I wake up in the guesthouse I’ve been staying in for the last four nights.
No, I want to know if the two remaining obstacles blocking our purchase of a 3 bed terraced house to convert into a 6 bed all ensuite HMO for young professionals have been removed.
The first obstacle is the danger that the restrictive covenant in the title document which I downloaded for £3 from the Land Registry could …well …restrict us from getting long-term finance.
The second obstacle is whether the conservative estimate for the rental income was … well.. conservative and could be a swing factor… in other words tweaked upwards by £25 a room which would swing the project from being a non-starter to a good enough deal.
I lean out of bed and reach for my computer to find out…
We typically work with time poor professionals get a good return on their money by investing with us. To schedule a call to discuss
Leave an honest review of Expat Property Story
Join our Mailing List to join our WhatsApp group AND access our 37 Question Due Diligence Checklist AND our 23 Step Guide to Buying Property at Auction AND our Monthly Newsletter
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Tell us the one thing you’re struggling with in UK property
As a reminder, here are the details of where to meet other Expat Property Investors (For FREE!!!):
Hong Kong: The Urban Bakery in the Landmark Building in Central on the first Saturday of each month from 11:30 am
Dubai: Holiday Inn, Science Park on the first Wednesday of each month (from 7pm
Singapore: The Providore at VivoCity on the first Saturday of each month from 10:30 am
#144
I’m in Derby.
It’s the final day of my UK Property Tour.
Today, I have to take the hire car back to Nottingham and then the train south to London.
I also have two final meetings I’ve arranged. One with a second sourcer, who we’ll call Sourcer 2 and another with an HMO interior design team.
But that’s not what’s at the front of my mind on this mid-February morning in 2024 as I wake up in the guesthouse I’ve been staying in for the last four nights.
No, I want to know if the two remaining obstacles blocking our purchase of a 3 bed terraced house to convert into a 6 bed all ensuite HMO for young professionals have been removed.
The first obstacle is the danger that the restrictive covenant in the title document which I downloaded for £3 from the Land Registry could …well …restrict us from getting long-term finance.
The second obstacle is whether the conservative estimate for the rental income was … well.. conservative and could be a swing factor… in other words tweaked upwards by £25 a room which would swing the project from being a non-starter to a good enough deal.
I lean out of bed and reach for my computer to find out…
We typically work with time poor professionals get a good return on their money by investing with us. To schedule a call to discuss
Leave an honest review of Expat Property Story
Join our Mailing List to join our WhatsApp group AND access our 37 Question Due Diligence Checklist AND our 23 Step Guide to Buying Property at Auction AND our Monthly Newsletter
Follow the Show on Instagram
Tell us the one thing you’re struggling with in UK property
As a reminder, here are the details of where to meet other Expat Property Investors (For FREE!!!):
Hong Kong: The Urban Bakery in the Landmark Building in Central on the first Saturday of each month from 11:30 am
Dubai: Holiday Inn, Science Park on the first Wednesday of each month (from 7pm
Singapore: The Providore at VivoCity on the first Saturday of each month from 10:30 am