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Why You Should Always Ask For MORE! (Week 3 At The Easy Buy To Let Experiment)

22 Jul

Finding out I needed new windows in the “easy” buy to let property has been a bit of a blow.  Not only has it dented the budget by several thousands, it’s also created delays.

Never good.  Especially not when you’re short on time.

So I knew from the beginning the windows were going to take 3-4 weeks to be installed upon placing my order.

But I also knew I had to shop around.  Double glazing ain’t cheap and if you’re going to spend the best part of a second-hand car budget on glass to look out of – you want to feel you got a deal. (more…)

Why You Need To Treat Buy To Let Property As A Business: Week 2 At The Easy Buy To Let Experiment

15 Jul

Is there any such thing as an “easy” buy to let property?

That was the question which prompted me to buy this property before auction.

Admittedly, the experiment has gotten off to a shaky start; the property’s been down-valued and wiped out my renovation budget, I found out I needed new windows, realised a temperamental boiler would only lead to temperamental tenants, oh and did I mention the re-wire…

Yes, property renovation is an expensive business and most of the time you will feel like you are haemorrhaging money.  I say feel like, but actually that’s a fact.  When refurbishing a property you will need access to large amounts of money, and often.  No matter what deals you strike, or how good your negotiations – everybody will want paying.  Now.

pay money (more…)

How To Choose A Double Glazing Window Company

9 Jul

double glazing salesman

Having been on in the game for a number of years now, I am blessed to have a trade contact book stuffed full of numbers.  However, this time, as the “easy” buy to let property is in a new area for me – I am a little slimmer than usual for contacts. (more…)

The Easy Buy To Let Property Experiment: Week 1 Progress Report

7 Jul

Daft as it may sound – I bought the latest property to see: Is there any such thing as an “easy” buy to let?  

The property was bought before auction, and here’s a video tour of the property.

We’re now one week into the property renovation and you can see a vlog of my progress below.

As you will learn – there is no such thing as an “easy” property renovation!

The Easy Buy To Let Property Experiment: Why I Wimped Out

4 Jul

I am not one of life’s quitters.

But, it’s important to recognise when you need to give up.

Hacking tiles off walls, dismantling kitchens, removing bathrooms and moving piles of rubbish is hard, physical work.  Especially in this heat.  And on your own.  I’m not averse to manual labour – it’s just I am not used to it!

When doing a property refurbishment it’s very easy to get carried away and try and do everything yourself to save money.  This is fine, if you have the time and skills – although you do need to consider if your time could be more productively spent on an alternative task.  Time is the only resource you have – so you need to make sure you are using it to the max.  Or at least enjoying it.

Maybe it’s the chav gene in me – but I take great sadistic pleasure in smashing things up.  Smashing things hard.  And watching stuff fall apart. (more…)