Theysaid that our 2 year old roof needs replacing, our one year old HVACis improperly installed, and that our perfectly working septic systemalso needed to be replaced along with lots of other newer items.I guess they wanted to knock the price down $50,000 or maybe a lotmore. ....

I've got some flats in west London which I self-manage (actually from where I live 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.com3. www.propertygeek.net4. www.thepropertyvoice.netHope you find these useful - I'm sure that you will.Have a great Christmas and New Year. 

My guess is that the IRR is going to show you well over 10%- maybe even 15% on that asset. 

I need to e-record or file a memorandum, but I can't seem to find out how this is actually done.

The Results:100% - AT A MINIMUM, "Flexible" cancellation is being promoted and strict cancellations are being punished.POSSIBLE - Listings that accept Pets without fees are ALSO promoted.I had 4 properties to test with.Thinking like Airbnb, I guessed the things that would make the user have the best experience is to be able to cancel and bring pets.

Hey everyone - quick question for landlords managing properties without property managers:

How do you keep up with rent collection, late fees, lease expirations and renewals, maintenance requests and follow-ups, ...

I guess that's kind of where I am having cold feet.Understood.

I guess this is just a vent post but man I am feeling so frustrated!  

Turnkeys USED to be fairly easy for flipping companies to offer at a price that cashflowed for investors.That was when prices were still recovering from the Great Real Estate Crash of 2008-2010.Now, prices in most areas of the country have set new record highs - and prices have increased faster than rents, making it much harder for a Turnkey Flipper to sell at a price an investor can cashflow.The only way it happens now is with Class C properties or new construction with builder-paid Temporary Mortgage Rate Buydowns.Most newbie investors are clueless about the realities of Class C Properties/Tenants, where the promoted returns are rarely actually met:(Several investors that bought new construction turnkey 3+ years ago have had their mortgage rates adjust upward, significantly increasing their payment, but rental rates have NOT kept pace - leading to negative cashflow:(So, PROCEED WITH CAUTION!

However if you are going it alone, then having your license could be a hindrance actually, as you’ll be treading that fine line of being an agent/ being a wholesaler and could run into trouble if what you’re doing could be considered a net listing which is against the rules as an agent in most places.