The Secret to Becoming a Property Millionaire is… Buying the Right Property It sounds so simple doesn’t it, but that doesn’t make it any less true. In my opinion the ultimate, bottom line, foundational truth in property is that your success will ultimately depend on what you buy. Now, before […]
Mark McLaughlin highlights possible stamp duty land tax pitfall and planning points when buying a residential property together with some or all of its contents. For property buyers, stamp duty land tax (SDLT) can represent a significant additional cost. At present, for residential properties SDLT at 1% generally becomes payable […]
When Hollywood puts two individuals together that just seem to break the boundary between scripted, and naturally perfect chemistry. Whether they’re friends or partners, the perfect duo stands the test of time like little else can. Whether its Robert De Niro and Al Pacino, Will Smith and Martin Lawrence, Jackie […]
Structuring property ownership and the taxation of rental income are two of the most common topics which regularly appear on tax forums. Where a property is rented out, any rental income (less certain deductible expenses) is subject to income tax on the part of the owner of the property. For […]
One of the single things that hurts new investors the most, and often financially nails them, is investing overseas. It’s NOT that property in any other country doesn’t work for investment [though it really doesn’t work in many countries where ownership is less common], it’s the lack of local knowledge, […]
Following on from my post titled lessons about managing agents last week. I’m now kicking myself even more because I’ve realised that I could have done even better than Patrick’s much more reasonable price of £1585 for a new boiler in one of my properties. I could have got the boiler for […]
On a property forum I once asked what yield my fellow investors target and where they bought their properties to get that yield. This was actually in response to being somewhat perplexed by a news article I had read criticising one of the prominent property ‘gurus’ of the day. Now […]
Working for an hourly rate, doing a task, or exchanging your time for money, is time spent. You can never get it back. Unsuccessful people spend most, if not all their time ‘spending’ time. Leveraging, leading, inspiring, influencing, managing, outsourcing, networking, training and building systems are all examples of time […]
A key truth about property investing, which many new investors and would-be investors forget, is that to be a successful property investor you must be persistent. There is no substitute to keeping going. Successful property investors are the ones who never gave up or, to mis-quote a famous motivational observation, […]
I had a very good lesson recently about how familiarity really can lead to ‘contempt’, for want of a better word, especially in the world of property management and property repairs. I leave all of the management of my properties to my various managing agents; partly this is a function […]
