Originally posted by @Richard Dyke:
Hi Robb
I just saw your post and thought I might be able to be of some help (nice to see a fellow Englishman on BiggerPockets!).
I've got some flats in west London (Ealing) which I self-manage (actually from where I live in Bergen in Norway). 4 websites which I found were very helpful for learning more about UK property investment are:
1. www.thepropertyhub.net (similar to Real Pockets but UK based and on a much smaller scale).
2. www.propertytribes.com
3. www.propertygeek.net
4. www.thepropertyvoice.net
Hope you find these useful - I'm sure that you will.
Please let me know if you would like any specific recommendations about resources to be found on these websites (podcasts, forums, articles, books etc.) or if I can be of any further help.
Interestingly, Southampton is one of the places that I've been considering for my next investment as the rental yields in London (and indeed large parts of South-East England) are now so low due to property prices being so high. Also, I remember being impressed with Southampton as a place to live when I worked there for a short period about 12 years ago. I understand that there has been quite a lot of development since then.
With kind regards,
Richard
Hello Richard, thank you for all the info. How long have you been investinng in west London?
If you don't mind me asking, Are you choosing to keep investing in the uk due to market or tax differences?
You self manage everything yourself? That must get difacult if a tenant missess a payment, ever think of designating the work to a tenancy company or is the income difference not worth it yet?
I've been keeping an eye on the property hub but the others are new to me so thank you for linking me! I don't suppose you have come across a diary style website on your travel have you? I'd be very interested to see others journeys to learn from.
Southampton looks a lot better than London to me thankfully it's easy to get to many places from here, I've been watching the property websites but I'm not finding any great deals and my horns are too green to spot a good deal. I think I will have to look for a place that needs more than basic work but little enough to beat the easy fix flock.
I've noticed that either the property investing market is small or there a lot of people with little interest of sharing info, makes places like this website great, do you find much is completely transferable from the USA to the uk market or would you stay it ends at "people buy the kitchen and bathroom" as Brits don't even seem to worry about bathrooms that much.. Well not in the lowe end of things anyway. I've seen many 200k + with naff bathrooms.
Robb
