PPP 'motivated us to double the size of our buy-to-let property portfolio' | Discuss

Will you please advise as to how these LL you are sourcing property for are going to cope with the Budget tax effects etc

As you know many LL are actually selling now because of the budget tax

So do you make your LL aware of the Budget tax effects on the viability of the properties you facilitate fir tor LL clients!!,?

These experienced LL have invariably been the game for years and yet they are exiting the market

What do you know about the budget tax that they don't seem to know as presumably they'd be bearing a path to your door for all your offerings

Or is it the case that you do not mention the way the Budget tax will affect the viability of your property offerings

Hopefully this isn't the case!!

That being the case have you managed to work out a way New LL are unaffected by the Budget tax

If you have we are all ears?!!

I'm fascinated to know how very experienced LL of many tears standing are having to walk up and get your new LL aren't concerned!?

ringi said
Paul,

You should know that the tax changes don't have much effect on landlords with great positive cash flow.   They badly effect landlords that have rents that only just pay the mortgage.

HMOs done right, have rent levels that are many times more then the mortgage interest,  at worse the tax changes have the same affect then interest rates going up a lot.

Got to say I fundamentally disagree with your contentions

I have great positive cashflow but the tax changes will bankrupt me unless I increase my rents substantially

HMO's are NOT representative of the PRS at large

If IR increased then my rents would have to increase even more

I fail to see how PPP can propagate they fantasy of the deals they allegedly arrange

If they are arranging via Ltd companies then I can see they could arrange such deals

There are very few deals that can be sourced and still generate sufficient cashflows to maintain the mortgages

If it was that easy PPP would be multi billionaires

They aren't!!

I believe their deals are a fantasy if they were pulled apart.

LL should beware people like these

Full DD taking into account the budget tax changes should be carried out

I doubt whether many of their LL clients have been informed about the Budget taxes

Ah! yes I see!!

I always remember the brilliant post that P R made about the efficacy of HMO's

This from him as a HMO provider

Put me off for life!

Good luck to those brave enough to bother with HMO's

I wouldn't touch them with a bargepole!!!

It is enough hassle just with normal lettings

I could make more money going down the individual room let in my 2 bed properties; effectively doubling the rent achieved

This is what I will be probably doing when existing tenants vacate