@propertyinvestment2day This is a new channel on telegram to share information and opinions about property business. Let's come all together under a new channel and we can improve idea, business and income.

Thanks 🙏

House of Multiple Occupancy

you were thinking on making the living room into 2 seperate rooms ?

Yes

Freehold...the main differences are,, with a freehold, it's completely owned outright by you and is your property and land but all owner liable repairs are down to you as well as the freeholder... leasehold pretty much just means someone else owns the property and/land which you can lease from them for a certain one time payment, for a limited time and after that times up, you have to give it back (or you can extend it for a price of course, if they are willing) and doesn't belong to you indefinitely. The other downsides include ground rent, which is generally a small amount on a regular basis ie monthly, quarterly, annually etc, but also if repairs need to be done, they will get them carried out but you have no control over the amount it's going to cost, who they will be using, and then that bill is passed onto you or if a flat/shared home/HMO etc, then it's split amongst each occupier. But this can range from a small cost to a huge cost. Best to go freehold but only if you know the market value and the state of the property ie are there any subsidence issues...does it have mines within a certain distance of the property, and so forth...and if you're happy to pay the whatever price the seller accepts for it after doing that research, then go for it.

Absolutely

So, if I come to take your Crash Course I can return to the US and do exactly what you teach there?

Aaron Dean I have never invested in the US but I know many people that do and the principles are very similar. The Crash Course is phenomenal and I’m sure it would be worth your time, but I wouldn’t rely on this alone to become a successful investor. You’ll probably need a mentor and an understanding of your local area to do exactly what I do.

Thank you for being straightforward with me. Would you happen to have anyone in mind that I could look into?

Aaron Dean Grant Cardone is a real estate monster in the US.

If you're saying this because you want to point out that it'll be difficult to find a cheap property, then look outside of your area. You can always go into an estate agents (or call them) to ask what is the average property vale in a specific area you are looking to buy, or ask what areas are the cheapest and which are the most expensive and so forth, and also find out the typical value of properties in the cheapest, expensive area etc so you can kind of figure out what the usual value of that area is

Probably a company name, he's not going to name names unless he's being payed to do so right?