UK Idea

Discussion in 'Innovative Property Investment Techniques' started by Paul@PAS, 17th Feb, 2017.

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  1. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    18th Jun, 2015
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    23,555
    Location:
    Sydney
    Great show on Foxtel seems to bridge AirBnb and typical rentals...Sort of a bit edgy and discriminatory but its a good model for yield maximisation. Capital Living is a business that rents high end suburban IP properties from owners and they seeks tenants but use VERY discerning methods to limit applicatnts to specific types that want that lifestyle and who want to pay a slight premium

    Good
    - High yield

    Bad
    - Very discriminating
    - Prejudiced ie pretty ones, certain sterotypes etc

    Flatshare and House Share - Room to Rent in London by Capital Living
     
    Paul@PAS, 17th Feb, 2017
    #1
    Redwing and JKWS like this.
  2. JKWS

    JKWS Well-Known Member

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    Its actually brilliant..
     
    JKWS, 16th Mar, 2017
    #2
  3. RickProp

    RickProp Well-Known Member

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    21st Aug, 2015
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    Location:
    Melbourne
    Difficult to get finance as a foreigner to buy UK property, I have not checked recently but it was 50% LTV a few years back. Tax laws are also changing 5 April, they are going to tax landlords on rental income less operating expenses (i.e. pre-interest) and not net profit (they then give you a 20% mortgage interest deduction/rebate) after calculating tax. This is going to have huge implications for the private rental sector in the UK as many landlords will now be making a loss after tax on their properties and may choose to sell up. Brexit is also going to throw a spanner in the works as it is uncertain if net immigration will continue as it has. There are a lot of questions at this stage and a lot of uncertainty.
     
    RickProp, 18th Mar, 2017
    #3
  4. Richard Taylor

    Richard Taylor Well-Known Member

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    Brisbane
    Just back from 6 weeks in the UK and even with a UK Passport you won't get finance as a non resident.

    Richard
     
    Richard Taylor, 29th Mar, 2017
    #4
  5. pommy

    pommy Well-Known Member

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    pommy, 3rd May, 2017
    #5
  6. Peter Galbavy

    Peter Galbavy Member

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    8th May, 2017
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    13
    Location:
    London, UK
    I used to think London was insane until I started looking at Sydney. I'm very lucky in that I bought my house in 1995 at the top end of my personal budget (£110k!) but now, even takinginto account the 20+ years of employment and salary changes, I would not be able to afford a 1 bed flat (unit) in a similar area - my house, in it's unrenovated state, could easily make £700k - a couple of house nearby have made more than that with some basic decorating. I am now mortgage free, but I am not thinking about anything other than escape at the moment...
     
    Peter Galbavy, 16th May, 2017
    #6