All Forum Posts by: Colette Albright

@Janet Lancaster - I’m curious if you have replaced the stairs and how much it has cost you? I’m thinking about moving s staircase in the middle of the House to one of the side walls, as I Think the staircase divides both the downstairs and upstair rooms and doesn’t let the natural light from front and back Windows meet. Which work was needed?

@Levi Klein Congrats! What a beautiful property you made it into. Beautiful building .

Hi out there!

I would like to know what you Think about leasehold and renovation of property. Is that something that would hold you back, because the freeholder might not agree on your plans for adding value to the property? If not, how do you tackle the freeholder?

I’m looking to make a flip of a run Down property with a leasehold in the UK.

Hope to see posts from you soon!

@Frank Patalano What is Holding me back is lack of knowledge and a plan on getting a power team as I live in Scandinavia. I need to decide where to buy and Then put together the power team. Sourcing agent, Contractor, PM. But I’m working on it.

@Palak Shah Thanks for your input. I Think too having great relationships all over the line is good for business - and show you care and there is a win win situation for both parties.

@Steve Vaughan Yes, I am half British and I am learning property investment both from UK and US. I live in Scandinavia - in Denmark and as yet have not plundged in and invested yet. I plan to invest in the UK first as it will be easier for me to set up a LLC (Ltd.) and sign for an account as it is only about a two hours flight from Copenhagen to London. At the moment I am exploring my possibilities to lend Mortgage in the UK as an expat. But this summer I am setting up my company, getting my bank account. And Then be more courageous and creative to lend money for my first property. I am very exited about it all and fell I have found my path.

You are right about the tenants, but there I Think we should do our due diligence and look at taxes, employments, crime rates and info about any plans for business to come  and go to the new area as Well as calculate our number for the propert(y) ies . There are opportunities everywhere and all the time. Nice chatting with you. Cherrio!

@Steve Vaughan BTL are just properties you have Bought To Let, if that is what you are asking. 

Thanks for your reply. I was thinking if they have a one year or two year lease, we are in a pickle if they want to leave before time. 

So you say they with a lease could have 30-60 days notice? I suppose it goes both ways.

I have understood in this forum that we the landlords can put all kinds of penalties on them for stepping out before end of lease?

The idea is selling when your propert has appreciated to have the Equity to buy in other places where markets allows you to buy cheap and grow your portfolio. Quite obvious - but as you say one could also refinance and pull out equity. Just not all of it. 90 percent?

Hi - I am listning to David Greens book on long- distance Real Estate investing. He says when calculating your BTL' s ROE instead of only the ROI when you have owned it for a while and it has appreciated. You should consider selling and bring your Equity to another market with lower prices and get more worth for your freed equity. I get that.

What I don’t know is how you get the renting tenants out of your property. How long time’s notice do they normally have?

@John Corey Hi John - thanks for your input. I would actually like to invest in the UK or US because of less rigid rules about capital gains and tenants rights that apply in Denmark where I live. Ideal would be investing in the UK, because the same basic rules apply. But US is also an option definitely.

@Rabih El-Khoury Thank you for your very deep and thoughtful thoughts and opinions. I appreciate them and your time. 

I have looked up the tax for foreign investor and found the tax percent for rentals is 30 percent and 10-20 percent on capital gains. Also there are other taxes locally determined by the individual state. I'm not quite sure about the deductions that can be made..

So I am wondering how to find out which states have the lowest tax rates, thinking that those states would be good to start in. Am I thinking about this in a wrong way?