Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on .

User Stats

24
Posts
4
Votes
Jack S.
  • Washington, England
4
Votes |
24
Posts

Speeding up the process ?

Jack S.
  • Washington, England
Posted

Hi all .. Hope your well ... A little advice Needed in speeding up the process of the houses . To do a buy - to - let here in the u.k it requires a 20% deposit which is a lot and requires around £3k of fees in total per property.

To give you an idea of numbers I’m buying the property at about

10-15k BMV and with a little work inside I know there is 20k of equity in the house . With a few properties under my belt I know there is x amount of equity in each of them that I don’t know how to use 

I looked into the brrr strategy but for renting is it that simple ? As in the u.k they won't give you a buy to let Mortage if the property need even just a little bit of work so it would be super hard to get a Mortage set up.

Surely there is a faster way of doing this ? I have 6 properties so far so maybe I could use he equity in them to get some sort of loan perhaps ? What’s everyone’s thoughts on speeding up the process .