- Original Poster
- #1
Afternoon,
With Brexit looming it is undoubtedly going to create uncertainty. For some this will be bad, for some it will be good. I sold my last renovation property (it was my full time home so not technically a business venture) at what I believed it to be it’s ceiling price, I couldn’t hold my nerve anymore as I’d put a lot of time and money into it. Fortunately it does appear we sold at the right time.
What I am looking at doing with immediate effect is starting a property development business. I aim to use Brexit as leverage to get better deals on houses - this may not materialise but I do expect house prices to start to stall, Rightmove already indicates this is happening as I’m inundated with price reduced emails. So I’m ready to move with a project as soon as the right property comes up. I would be interested in talking to others who wanted to get into this line of work. I would be looking for any potential business partner to match my investment for renovations so for example I’m looking at one property currently and estimate it will cost £20k to bring it up to standard therefore we’d be responsible for £10k each.
Any partnership formed would be done properly by creating a legitimate company via companies house of which we would both be directors of the company with everything 50/50. We would also open a proper business account of which we would both be named but no one person could withdraw without the other.
The above is the reassurance people want before committing, I understand that. the simple point is, I’m honest, damn hardworking and very handy with lots of skills to bring houses to fruition. I’m more than happy to travel to meet any potential business partners for an informal chat and a drink.
Happy to send some pictures up of our previous house so you can see the standard I worked to, it was a building site before.
Let’s discuss!
Ben
With Brexit looming it is undoubtedly going to create uncertainty. For some this will be bad, for some it will be good. I sold my last renovation property (it was my full time home so not technically a business venture) at what I believed it to be it’s ceiling price, I couldn’t hold my nerve anymore as I’d put a lot of time and money into it. Fortunately it does appear we sold at the right time.
What I am looking at doing with immediate effect is starting a property development business. I aim to use Brexit as leverage to get better deals on houses - this may not materialise but I do expect house prices to start to stall, Rightmove already indicates this is happening as I’m inundated with price reduced emails. So I’m ready to move with a project as soon as the right property comes up. I would be interested in talking to others who wanted to get into this line of work. I would be looking for any potential business partner to match my investment for renovations so for example I’m looking at one property currently and estimate it will cost £20k to bring it up to standard therefore we’d be responsible for £10k each.
Any partnership formed would be done properly by creating a legitimate company via companies house of which we would both be directors of the company with everything 50/50. We would also open a proper business account of which we would both be named but no one person could withdraw without the other.
The above is the reassurance people want before committing, I understand that. the simple point is, I’m honest, damn hardworking and very handy with lots of skills to bring houses to fruition. I’m more than happy to travel to meet any potential business partners for an informal chat and a drink.
Happy to send some pictures up of our previous house so you can see the standard I worked to, it was a building site before.
Let’s discuss!
Ben
