However, we believe this will be a chance for enhanced networking as you will see when you participate.
Hosted by James Rothnie on the 4th Tuesday of every month. Attendees can expect first class speakers and great networking opportunities.
pin Blogs ARE LIVE!
Your regular dose of property insights written by Simon Zutshi
your bi-weekly dose of property insights written by Simon Zutshi
pin Blogs ARE LIVE!
your bi-weeky dose of property insights written by Simon Zutshi
your regular dose of property insights written by Simon Zutshi
Luton April 2020 Meeting
Homebuilding and Renovation. From £2K TO £4M in 3.5 years - Yvonne Emery
After building a portfolio of 27 HMO’s (Houses of Multiple Occupation) in 3.5 years, Yvonne and her husband wanted to find something bigger to renovate.
Highfields was a derelict, fire damaged Victorian Mansion on a 2 acre plot that had been left to rot for 10 years. They saw its potential and renovated the property and now they have built 5 houses on the remaining acre of land.
When they started they had just £2k in the bank. They arranged an exchange and delayed completion and nearly didn’t have the money to complete!.
During this presentation, Yvonne, will share the secrets to
- How she raised £150,000 in 24 hours without using crowd funding
- Taking a bold step in property
- How to borrow £1m
- Turning investing into a business and
- How to make sure you are investing the right way for you.
Be prepared for a whirlwind tour of how you can grow your portfolio exponentially and turn your investing into a business opportunity!
ALSO... Landlord Tax Planning 2020 - Mark Smith
- Are you a hands-on landlord looking to counter the effects of loss of finance cost relief?
- Do you want to get your business into a company structure without having to refinance your current lending?
- Do you want to pass on as much of your business as you can whilst minimising the effects of IHT?
- Do you want to maximise your personal tax allowances?
If you are a property rental business, working 20 hours or more in an average week, and sharing income and expenses in common with another (eg spouse) then you could well be eligible for incorporation into a limited company, without having to refinance your current lending and with rollover relief on capital gains and exemptions from Stamp Duty. This would give your business full relief from finance costs, as well as a whole range of other opportunities for equity release, income maximisation and succession planning.
Mark Smith is a barrister well-known in the private rented sector. He led the legal team that recovered £27million of unlawfully charged mortgage interest from West Bromwich Building Society in 2016 on behalf of 6200 landlords (Mark Alexander v West Bromwich).
In association with Property118, he has designed robust strategies to allow rental businesses to incorporate without refinancing, and over 100 businesses have successfully done so to date from the introduction of the BICT in November 2015.
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