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9 contributions to Assets For Life Hub
Have a good night all !
Sorry I can’t attend party as in Derbyshire this weekend booked a long time ago ! Hope you all have a great time.
What to bring ?
Do we have to bring Laptop with us for CC boot camp ?
1 like • Aug 10
@Calandra Lindsey I haven’t done the course yet ! It’s tomorrow will let you know how it goes !
Possible 1st Opportunity !
Possible Opportunity ! You're views please ! Not done any deals as new on here, but have found out that builder has not been paid and has walked off site on a 3 house development at the back of my sisters house which is 90% finished they are 2 bedroom houses and are shared ownership with local council who priced them at £390k each and use their own Developement Company to build them. I don't know why they haven't been paid, have spoke on phone to Developer and he was shocked I rang as they only walked off 2 days ago and was trying desperately to say nothing was wrong he asked me to send email, but thought id get some feedback.on here first. They would probably. want a NDA in place which is understandable. My thinking was if they do need help getting them complete was to find Investor as don't think I can fund it myself , and possibly put 2nd charge against mortgaged part and ask for a small % of any. future sale and 1-2% of monthly rental for the lifetime of the properties. I have not done any figures as such ! just wanted to know if you think a local Authority would give me the time of day or if it would be worthwhile for an investor ( dependent on how much investment).
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CC Classroom
Hi if any admins can help I am on 3 day CC Course next week with Mark Stokes but have only completed 50% of classroom course and can not seem to find it anywhere on classroom section.
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A scenario !
I have 2 BTL properties purchased in 2001and 2011 , one a 3 bed house the other a 1/2 bed flat ! I set up a ltd company in March this year ! I had my my house up for sale but due to communal parking issues I ended up taking it off market ! My plan was to sell the house walk away with 150k - 170k after paying off mortgage and pay the main chunk off the flat 90k and leaving £15k on mortgage, and after capital gains tax would walk away with 30-40 currently live with my Dad who is unwell and I am his carer but when my Dad passes his house has to be sold, so was looking to move into flat and be almost mortgage free. However am feeling confused what to do as been adviced to keep both but because they are not in a Ltd company this then presents Tax issues as the £12570 allowance is soon swallowed up as get just over 28k rental income and that means when I start getting property through Ltd company normally as Director you would pay yourself £12,570 Plus dividends , the position I am in I have been told I can’t get remortgaged until Jan next year as tenants didn’t pay and missed mortgage payments ! so have no money to start Ltd company and my equity is £290k ! What would you do in my position ?
1 like • Jul 30
@Paul Marietti hi Paul thankyou for you’re input , I was going to put a lump sum into the Ltd company if I sold or remortgaged , just so bloody frustrating as I have plenty of time but the waiting drives you nuts !
0 likes • Jul 30
Thankyou for your kind words Gurpreet I have my first 3 day course in August the Commercial Conversion so looking forward to that ! Are you on any courses yourself ?
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David Nyland
3
38points to level up
@david-nyland-1863
Looking to start a new chapter in property !

Active 19h ago
Joined Jul 1, 2025
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