greg ashall

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About greg ashall

  • Rank
    Established member
  • Birthday 02/21/1994

Profile Information

  • Location
  • Areas I invest in
    North West
  • About me
    Age 23:
    My property strategy is to continue buying solid cashflowing properties which I can add value to.
    I self manage my properties and when possible help other investors who are looking to invest in my area.

  • Property investment interests
    My main strategy is Buy and Hold however as my knowledge has grown I have been able to execute BRR.
  • My skills
    Assessing deals
  • My goals
    To have property portfolio that allows me to pursue FI
  • Interests outside property
    Travel as much as possible and rarely go to the same place twice.

Recent Profile Visitors

565 profile views
  1. Hi from Manchester

    Hi Kamran, Welcome to the Property Hub, lots of really good content on this forum and plenty of good people to network with who can add value to your development. Tell us all a bit more about yourself, what's made you decide to invest in property personally? What have you learned so far that might shape your strategy? I'm not that far from Manchester as I live in between Manchester and Liverpool in a small corner of the world called St.Helens, about 25 miles away from central Manchester. Thanks Greg
  2. Hallo from Amsterdam

    Marinus, I'm currently in Amsterdam now and I'm back in just over 2 weeks We can meet up if you like and talk property for sure, I'll get in touch a week or so before so we can arrange a time? I live between Liverpool/Manchester which is 20 minutes into Liverpool and 30 to Manchester although I do have good knowledge of the area. Greg
  3. Tenants with pets

    Hi Simon, I personally don't have a problem with pets if it doesn't affect the property and the speed of degradation, I would be inclined to do my checks a little more often, certainly at first. It would be worth asking what type of animal/size as pets can be anything from a goldfish to a great dane, if they currently rent then try to go and meet them at their current property and see if there are any noticeable damages likely to be caused by the pet (Skirting boards/scratched doors/discoloured flooring) - apparently 1-5 households have a pet so have a strict no pet rule will reduce your audience significantly. That being said if you're not entirely comfortable or the type of property isn't suitable to house the "pet(s)" then I'm sure there will be other tenants looking to take it off you. Greg
  4. Hi Bob, Just to respond to your first point about the speed in which you can get a DIP - This can take less than 30 minutes however it is subject to a follow up for further scrutiny but you should look to book that in soon as you get your offer accepted.I wouldn't say it's impossible to buy at auction with a mortgage as sometimes you might find they allow 8 weeks for completion following sale, check the listing and if you look to proceed ensure you have your team in place (Quick reliable solicitor able to handle deadline/ Mortgage AIP and supporting income details) It's definitely possible, just be get to get the ball rolling ASAP and set your deadline with your team 1-2 weeks before the set completion to avoid it going right down to the wire, should also add some urgency as suits can be known to need a push at times. Good luck with whatever you do Greg
  5. Hallo from Amsterdam

    Hi Marinus, Welcome to The Property Hub, you won't find many people from Amsterdam on here I don't think but I am in Amsterdam every other week for 3 or 4 days near Lelylaan. Amazing place to live! very jealous. Greg
  6. Offering JV Partner interest rate of 8%

    Hi SS Parmar, First of all well done on getting someone to invest in you, that's the part people often struggle with. My advice would be to take your time and rather than finding a strategy that fits your investor you really should be finding one that fits your goals. If you do find a "deal" and there is an opportunity there then the numbers should present themselves to show how you can make a profit once you have the financial backing. As exciting as it might be to have that finance behind you I would STRONGLY advise you educate and spend some time reviewing your own goals and strategy and once you are clear then incorporate the backing of a JV maybe to put them into action if they fit in. Greg
  7. First Post

    Hi Depak, Welcome to the Hub, good on you for deciding to take action Have you set out your goals yet and got down to the core reason that you want to invest in BTL? Once you have determined WHY and have a really clear idea on that then you can start to structure your strategy as you probably found out that there are so many ways to invest in property and everybody goes about it in different fashions. My advice would is to avoid £££ courses until you have a foundation knowledge, which by the way you can get through this forum and listen to podcasts and then sit down and get to the core of what success looks like to you and set SMART actions to set a path, far too many people think I will invest in property because it gets you rich but those days are gone now and the industry is much more professional, It can certainly make you rich but its a HARD journey. Surround yourself with good people and EDCUATE - If you consider paying any types of fee then I would only consider a mentor at this stage as it would give you more value as they could be more specific to yourself and strategy rather than pushing their strategy on you. Good luck Greg
  8. Does this make sense to anyone?

    Hi Rob, You make a valid point about how lucrative a flip can be and how you can accelerate your growth by being aggressive with your purchases and efficient with your renovations however, one of the main issues is the time it takes to flip and how hands on it requires you to be, this wouldn't be practical for someone who wants to be hands off. We do still live in a world of BTL and understandably most folk with no building experience will be hesitant to dabble into that market, not to mention the pressure people may feel under bridging finance repayments. In my opinion, don't rule out either strategy just find what works for you at the right times and be open to new concepts, BRR is something that combines a mix of the 2 which might be of interest to you. Greg
  9. HELP , what's the best move forward as an investor ?

    Hi Ruth, How long is your deal fixed for and what are your intentions for when that deal ends? Will you move to another provider? If you have a 2-year fix for example and difference between 1&3 is £539.04 but then you're paying £1995 arrangement fee it wouldn't stack up based on that, there are other factors which need to be considered mainly around your tax status and future intentions. Hope this helps Greg
  10. Hi Stuart, I agree with what Darren has said regarding the quality of the product, it's good to use the local market as your guide but check the quality of what is and isn't selling against your product because that might be part of the reason. If you offer better quality which is competitive and affordable for local pockets then I would be surprised if you go far wrong as long as your do your DD beforehand. Good luck Greg
  11. Newbie - The Road to Retirement (hopefully)

    Hi Hazel, Well done on taking action, I'm sure you will be just fine if you keep educating yourself. With regards the to the nerves they happen to everybody as self doubt will creep in as you question your numbers and how an investment it really is?! Don't worry though as this happens even when it's not your first and I find each offer that is accepted I have a day of doubt. Keep the hub updated on your progress and utilise the free knowledge. Good luck! Greg
  12. Getting the cash flow right

    Hi Tim, I would review the monthly summary as you can get rid of the council tax straight away as you don't need to cover that and some of the other costs are a little high. I would say these look more realistic and this is the way i personally would do it just so you get a more accurate picture. Monthly summary Rent 900 Mortgage on 60% 274 Agent Management 108 Repairs 75 Void periods 75 Buildings Insurance 15 ---------------------------------- +353
  13. Looking to invest up North?

    Tell me Roger, what areas of St Helens do you prefer? And why? Greg
  14. Hi Tim, I would suggest the latest training course on the cycle as that will convey the point much better than any forum post, but to answer your ponts. 1. get nervous and start selling - Hit and miss with this as some people may start to offload stock fearing the worse, but in the same breath the amount of stock might be reduced as people are holding on to what they have and waiting it out. Stamp duty as an example has stopped a lot of movement. 2. sell for less than the market price - mini-BMVs - You might find that some portfolio's go on the market and get BMV - I personally have found that there is plenty of BMV as the market is standing still and less competition as people fear it as a bad time to buy, but knowing the next part of the cycle it really isn't! 3. cause the market to flood with property (all leading to #1 and 2) - Depends on the area, with stamp duty parts of the country have very little stock but my area for example has become flooded with BTL properties going on the market as landlords have seen S24 as the end. 1. Don't rush into a sale but wait it out - Just run the numbers the same way and if it stacks up then go for it, as we are in the wobble then we know to expect some form of appreciation in the future and if the cashflow balances out then you can be around long enough to benefit from both 2. Make silly offers - I would say as it's good time to buy just offer low but sensible and ratoinalise your offer to the vendor (goes a long way) 3. Look for best discount rather than high yield - All down to strategy but I would find a balance because what if you chase the "best discount" that isn't self sustainable and the price dips in the next 3 years? What then? Hope this gives you some clarity Greg
  15. Fingers crossed Rick! I don't think it will be quite the same performance but even 1.5x I think i will be happy with