Category — Houses of Multiple Occupation
Given the huge Budget deficit that the country is in, I don’t think the new budget is all that Bad! It could be a lot worse.
Yes it is a shame that VAT is going up to 20% which is very high but will that extra 2.5% have a real impact n your purchases? Probably not! Capital Gains Tax has gone up to 28% for higher tax payers but remember you only pay that when you sell your property. If you don’t sell you don’t pay it so that will not affect many long term buy and hold property investors!
But there was one change in the Budget which could make a massive different to all the switched on Property investors [Read more →]
June 23, 2010 15 Comments
Last week the Housing and Planning Minister John Healey announced new local powers to control the spread of high concentrations of shared rented homes and to tackle pockets of unsafe and substandard accommodation run by bad landlords.
I am all in favour of raising housing standards for tenants [Read more →]
February 4, 2010 4 Comments
I got talking at length to Jim Haliburton the other day, one of my investing contacts who happens to own 104 HMO properties in the West Midlands (at the last count at least, he often loses track of how many he owns). And it only took him 2 years to get to that many, once he’d given up his full-time job as University Lecturer.
So suffice to say, if I want to know anything about HMO’s (houses of multiple occupation for the uninitiated), I ask Jim. What was his opinion on the types of investments we should be looking at in the current climate? Does he still think HMO’s are the way forwards, despite regulatory tape squeezing the HMO landlord? After he illuminated me with his advice, I asked him to write an article that would summarise his view inside 20 minutes. He agreed and here is the article…
September 26, 2007 20 Comments