A Tax Bill to ring-fence losses was introduced to Parliament on 5th December 2018 and will have it's first reading on 12th December 2018. Below is a summary sent to me by a local accountant: Ring-fencing Residential Property Deductions Proposed…
Over recent years, with the increase in social media, we seem to have created a whole lot of new experts. Or are they? Maybe they just shout the loudest, have the most opinions. But do they have any substance? For…
When you're investing in property a sensible investor always has a Plan B ready if their main plan or idea falters. Property investing is risky to a certain extent, so to only rely on your main plan is somewhat foolish.…
Investing in property is not for the weak-kneed and faint-hearted. It is a business and needs structure and the right attitude. Over the years I've told many people not to get involved due to their attitude. Overthinking - This tends…
Personally, I believe independent, trusted advice is invaluable. Your accountant, solicitor, property adviser have no emotional ties to you or your property, so they can give you unemotional, unbiased help when purchasing your investment property. You don't know what you…
The age old question, but how many have one? I will venture to say that very few have. Many may start out with one, but how many have one when they reach an older age or, heaven forbid, retirement? I…
Yeah right. I believe that it is simple. There are two basic ways to make money out of property: The value goes up The mortgage goes down The bit in the middle between these two things is your equity. The…
I see comments online and hear a lot of stories where property investors do the following: Do their own accounts to save paying an accountant Choose a cheap accountant Don't worry about claiming anything at all The mind truly boggles. …
Investing in property can be lethal, well not really, but it has its inherent dangers, like swimming in infested waters or dancing with the devil. My recommendation is to select your team wisely. Your mentor, accountant, solicitor, mortgage broker, property…
There's probably a lot of reasons, but here are a few that I have seen: People who have bought the wrong house in the wrong area due to a lack of knowledge and research Personal circumstances, for example, relationship breakups…