Loads of you are asking what actually makes a deal, so here’s exactly how I run the numbers on every house before I go anywhere near an agent or an investor 👇 📍 A 2-bed terrace in Stoke-on-Trent, offers over £80,000 💷 Price: £80,000 🏛️ Stamp duty (5%, additional property): £4,000 ⚖️ Legals and survey: £2,000 🔨 Light works £3,000 + 10% for surprises: £3,300 ⏳ Holding costs: £1,000 🤝 Sourcing fee: £5,000 👉 All in: about £95,300 🔑 Rent: similar 2-beds nearby let for about £675 a month = £8,100 a year 📊 £8,100 ÷ £95,300 = 8.5% gross ✅ My line is 8% on ALL the money in, so this one just scrapes through. But it’s “offers over”, so the agent wants more 👀 Go above about £85,500 and it drops under 8%. That’s my ceiling, and I don’t go a penny over. ⚠️ 3 things I ALWAYS check before I trust the numbers: 1️⃣ Sold prices on the street, not asking prices. That’s the real value. 2️⃣ Real rents nearby, not the “potential rent” on the listing. 3️⃣ The catches: EPC, condition (look at the photos yourself!), and the area’s history, like old mining in parts of Stoke ⛏️ 💬 Over to you: what’s your minimum yield, and do you work it out on the price or on ALL the money in? Drop it below 👇

Do sellers/ investors have to commit to you as a sourcer or can they sell to whoever comes first ie estate agent or another sourcer, I am assuming the contract is to protect the fee?

Morning all, Am I correct in thinking we can start keeping receipts for claiming VAT purposes before we have created a company. I learned somewhere that while you are getting started you can start collecting receipts etc for when you come to do your accounts. Thanks

I’m looking at an auction opportunity in Hull that I’d like a second opinion on I’ve already gone through the legal pack and packaged the deal to make things simple Can I get some support please ?

Is a mid terrace 2 bed, probably suitable for a BTL in Stoke - private for sale sign in the window - a potential deal? Haven't called them yet to get anymore details, wasn't sure what makes up a deal.