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advice on taking on another property with limited funds
I was wondering if anyone has any advice on taking on another property so soon after taking on my first one with limited funds left (I secured my first property in July). I have been approached by a landlady who wants me to take on her 2 bed property and it is unfurnished but I was hoping to only take on another property when my first property was generating enough for me to invest in my second. I am unsure whether to turn down the opportunity or if there is another way for me to make it work.
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Recommendation for furnishing and staging
Hi everyone, hope you're doing well and enjoying your property journey so far! Some of you may know that Ben and Hollie also have a furniture company, Highcroft Home. They recently furnished two of my Leeds apartments and I can honestly say they're stunning! Here's the link if anyone wanted to check them out. I'd highly recommend using Ben and Hollie's expertise if you're going for a high spec finish, they even managed to turn it around within a week and get the apartment ready for bookings! Lisa https://www.airbnb.co.uk/rooms/1415865567257293771?guests=1&adults=1&s=67&unique_share_id=be73578e-0f3d-45b2-b35c-037a7592525f
NEW: The Weekly Boost Call 📞 🔥
As your mentors, we are constantly having really valuable 1-1 conversations with all of you - around finding deals, handling landlord pushback, negotiating terms, and everything in between. We realised a lot of these discussions could actually help others in the group too. So… We are going to trial The Weekly Boost Call! 🚀 This will involve: - Sharing useful insights from across the group of people going through the same scenarios - You can ask questions live (or just listen in) - We can all stay more connected, focused, and moving forward together - Giving everyone a little weekly boost of clarity and motivation! We know it can be a lot to navigate while juggling everything else, so this is just our way of bringing everyone together to share insights, progress, and ideas in one place. There’s no pressure to speak or even come on camera - you’re welcome to get involved or just listen in with a notebook until you’re ready! 🔄 Please don’t worry, your 1-1 support stays exactly the same - this is just an extra layer of support we’re testing out and we’re hoping you will find useful. 📅 First trial session: Monday 11th August at 7pm 💭 Let us know your thoughts on the idea! Zoom link to follow.
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Question
We are just negotiating our first deal on a mid terrace 3 bedroom, 3 bathroom property and are looking at cost of cleaners and laundry services which seem very expensive. Does anyone else find this or do people clean the properties themselves to keep the costs down?
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SCAM LETTER - Companies House
Just a quick warning if you have recently set up your company. I received 3 letters today from Companies House, 2 genuine and 1 not. One was a scam letter asking for payment for "publishing your company's legal information on the public database of Companies House Register". The letter had all my correct company details on. It was very convincing as it came with the 2 genuine letters and as I’ve never set a company up before I could have easily paid it! Grateful to have Ben & Hollie to run everything past as they told me straight away it was a scam and not to pay it!
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Ben & Hollie Academy
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Learn how to make an additional income stream through Airbnb without ever owning a property! This is the Rent-To-Rent strategy.
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