Great night - Manchester pin!

Yet another fantastic night at Manchester pin last Wednesday night. The room was buzzing with new and regular attendees sharing stories, information and business.
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Real life landlord and 5 Lease Option ‘Powerplays’

May Manchester Property Networking Club had a great real life landlord outline and a presentation on 5 great Lease Option Powerplays.
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How Multi Let Landlords Can profit From The Change in Planning Rules

[caption id="" align="alignleft" width="148" caption="How Multi Let Landlords Can profit From The Change in Planning Rules"][/caption] Caution- we have not had any precise the details of the change so much is speculation. The detail and the change in the law is expected April this year. I have had numerous enquiries about what the effect is going to be from the change of the Planning Use Classes Order for HMO’s this April. My quick answer is the same to all the changes in housing law since 1988, with two exceptions, it will do little to improve the lot of HMO landlords. I suspect that in practice little will change, it is all for show to justify some Housing Ministers, existence, though a lot will depend on how rigoursly the change is enforced. For those who want a longer more reasoned answer please download my FREE article. FREE Download request Email Marketing You...
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Top Tips for New Investor, Jim Haliburton

Cash Flow - I was tempted to make this the only tip, perhaps because when I was writing it I was going through one of my regular cash flow crises, so important is it. Unless you can pay the interest and bills in operating your business then you will go bust. It is essential that you have sufficient reserves to ensure any expected contingency can be met.Three months running costs and mortgage payments is considered prudent. I am the wrong person to give this advice as if I had three months reserves I would buy more property! By reserves I do not mean cash in the bank, I mean available credit lines, for example, credit cards, bank overdrafts etc.Preserve your Capital – Once you have done your capital you limit your ability to buy more property to buying below market value (BMV) and you will have to spend out for bridging finance. Preserving your...
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Is my HMO Profitable?

    Just how you assess the profitability of a property is not straightforward, there are various methods of assessing profitability, I will look at each in turn. 1. The traditional way. This is the approach taken by investment books and the figures are also published in newspapers and magazines.  They take the average gross rental yield and compare it to the yield that would be received say by putting the money in the bank. Figures like 6% gross rental yield from property are stated and this is compared to other returns like bank interest and the stock market. Sometimes they also add the average capital appreciation so for example say if last year the average increase in house prices was 12% the overall return from property would be 18% (6% gross rental yield plus 12% capital appreciation).  For a property buyer these figures may give a guide to overall long...
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